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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

8208 Lakeview Dr Pomfret, MD 20675

0 Beds 2 Baths 1,640 sqft Built 1986
Last updated:  Jul 30, 2018

INVESTimate

$280,898

$250K - $312K

Price Est.

$1,678

$1.6K - $1.8K

Rent Est.

$288,033  ( +2.54%)   1 YR EST. FORECAST
  
  
  

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8208 Lakeview Dr PROPERTY INFO

FACTS
  • Built In 1986
  • Price/Sqft : $171.28
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,640 sqft
  • Baths : 2 Full

8208 Lakeview Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
DR. JAMES CRAIK ELEMENTARY SCHOOL Primary Regular 518 32 10
GENERAL SMALLWOOD MIDDLE SCHOOL Middle Regular 471 37 5
MAURICE J. MCDONOUGH HIGH SCHOOL High Regular 1,226 73 5

DR. JAMES CRAIK ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 518
  • # of teachers: 32
10
GreatSchools Rating

GENERAL SMALLWOOD MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 471
  • # of teachers: 37
5
GreatSchools Rating

MAURICE J. MCDONOUGH HIGH SCHOOL

  • Education Level: High
  • # of students: 1,226
  • # of teachers: 73
5
GreatSchools Rating
 

Financial Details

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Neighborhood

POMFRET

  • 1,880

    POPULATION
  • 675

    HOUSEHOLDS
  • 70.9%

    WHITE COLLAR

Neighborhood : POMFRET

HOUSEHOLDS
675
POPULATION

1,880

5.8%Renters
94.2%Home Owners
LABOR FORCE

 

70.9%White Collar
29.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,729 per month.

MY RENT : $1,729 MEDIAN RENT : $1,928

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.3%
$1,000-1,499 19.0%
>=$1,500 80.6%
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 $1,729 would therefore be considered affordable for annual household incomes greater than $69,160 (12 months x 3.333 x $1,729).

Rent % Affordability
Above $500 93.6%
Above $700 90.1%
Above $1,100 85.4%
Above $1,500 79.0%
Above $1,900 71.0%
HOUSEHOLD INCOME RANGE

Approximately 427 of households in this neighborhood have a total annual income of $69,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,729 per month.

MINIMUM INCOME RANGE : $69,160

Income % Distribution
<$20K 6.4%
$20K-$35K 6.7%
$35K-$60K 7.9%
$60K-$100K 22.3%
>=$100K 56.7%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 52% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.5%
5-9 mins 6.9%
10-14 mins 5.0%
15-19 mins 12.2%
20-29 mins 13.4%
30-44 mins 10.4%
45-59 mins 17.0%
>60 mins 34.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,729 per month.

MY RENT : $1,729 MEDIAN RENT : $1,928

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.3%
$1,000-1,499 19.0%
>=$1,500 80.6%
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 $1,729 would therefore be considered affordable for annual household incomes greater than $69,160 (12 months x 3.333 x $1,729).

Rent % Affordability
Above $500 93.6%
Above $700 90.1%
Above $1,100 85.4%
Above $1,500 79.0%
Above $1,900 71.0%
HOUSEHOLD INCOME RANGE

Approximately 427 of households in this neighborhood have a total annual income of $69,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,729 per month.

MINIMUM INCOME RANGE : $69,160

Income % Distribution
<$20K 6.4%
$20K-$35K 6.7%
$35K-$60K 7.9%
$60K-$100K 22.3%
>=$100K 56.7%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 52% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.5%
5-9 mins 6.9%
10-14 mins 5.0%
15-19 mins 12.2%
20-29 mins 13.4%
30-44 mins 10.4%
45-59 mins 17.0%
>60 mins 34.5%

POMFRET Demographics

INDUSTRY

Industry % Distribution
Construction 9.6%
Educational Services 11.1%
Health Care & Social Assistance 10.2%
Professional & Scientific Tech Services 8.5%
Public Administration 22.7%
Retail & Wholesale Trader 10.4%
Other 27.5%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 30% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 19.0%
15-19 6.4%
20-24 4.4%
25-44 23.5%
45-65 30.4%
66+ 16.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 11.5%
Construction 6.1%
Management, Business, & Financial 26.3%
Natural Resources Maintenance 8.9%
Protect 8.0%
Sales & Office 23.6%
Other 15.7%
HIGHEST EDUCATION LEVEL

23% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.3%
High School 28.1%
Masters Degree 10.9%
Some College 21.0%
Some High School 6.9%
Other 23.7%

8208 Lakeview Dr Comps

Sorry, we do not have sufficient data available.

8208 Lakeview Dr, Pomfret, MD 20675 is a single family home of 1,640 sqft. HomeUnion INVESTimateĀ® for 8208 Lakeview Dr includes a Price Estimate of $280,898 and a Rent Estimate of $1,678. This single family home has 0 bedrooms,2 bathrooms, and was built in 1986. This property has an estimated 15 year annualized Yield of 7.17% and Total Return of 15.11%. The estimated 1 year forecast in home value for 8208 Lakeview Dr is 2.54%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , CHARLES County , or the 20675 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2