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7804 Shellbourne Rd PROPERTY INFO
FACTS
- Built In 1953
- Price/Sqft : $145.12
CONSTRUCTION
- Beds : 0
- Floor Size : 1,905 sqft
- Baths : 1 Full
7804 Shellbourne Rd SCHOOLS
Financial Details
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Riviera Beach
Neighborhood : Riviera Beach
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 71% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,392 per month.
MY RENT : $1,392 MEDIAN RENT : $1,525
Household Rent Affordability
According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,392 would therefore be considered affordable for annual household incomes greater than $55,680 (12 months x 3.333 x $1,392).
HOUSEHOLD INCOME RANGE
Approximately 3,726 of households in this neighborhood have a total annual income of $55,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,392 per month.
MINIMUM INCOME RANGE : $55,680
COMMUTE TIME DISTRIBUTION
66% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.
Riviera Beach Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 11.5% |
Health Care & Social Assistance | 8.7% |
Manufacturing | 9.3% |
Professional & Scientific Tech Services | 9.8% |
Public Administration | 8.6% |
Retail & Wholesale Trader | 15.2% |
Other | 36.9% |
AGE DISTRIBUTION
57% of the population is between the ages of 25 and 64, 31% is 24 or younger and 11% is 65 or older.
Age | % Distribution |
---|---|
<15 | 20.9% |
15-19 | 3.9% |
20-24 | 6.4% |
25-44 | 30.5% |
45-65 | 26.9% |
66+ | 11.4% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 12.4% |
Healthcare | 5.6% |
Management, Business, & Financial | 17.2% |
Natural Resources Maintenance | 13.8% |
Production & Transportation | 10.4% |
Sales & Office | 23.5% |
Other | 17.0% |
HIGHEST EDUCATION LEVEL
16% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 8.8% |
High School | 37.1% |
Masters Degree | 5.5% |
Some College | 22.1% |
Some High School | 9.1% |
Other | 17.4% |
7804 Shellbourne Rd Comps
7804 Shellbourne Rd, Carvel Beach, MD 21226 is a single family home of 1,905 sqft. HomeUnion INVESTimateĀ® for 7804 Shellbourne Rd includes a Price Estimate of $276,463 and a Rent Estimate of $1,418. This single family home has 0 bedrooms,1 bathrooms, and was built in 1953. This property has an estimated 15 year annualized Yield of 6.15% and Total Return of 13.39%. The estimated 1 year forecast in home value for 7804 Shellbourne Rd is 2.08%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , ANNE ARUNDEL County , or the 21226 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2