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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

8611 N Point Rd Sparrows Point, MD 21219

0 Beds 1 Baths 1,072 sqft Built 1950
Last updated:  Jun 30, 2018

INVESTimate

$198,940

$169K - $229K

Price Est.

$1,426

$1.3K - $1.5K

Rent Est.

$207,017  ( +4.06%)   1 YR EST. FORECAST
  
  
  

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8611 N Point Rd PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $185.58
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,072 sqft
  • Baths : 1 Full

8611 N Point Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CHESAPEAKE TERRACE ELEMENTARY SCHOOL Primary Regular 271 17 8
SPARROWS POINT MIDDLE SCHOOL Middle Regular 507 30 7
SPARROWS POINT HIGH SCHOOL High Magnet 791 55 6

CHESAPEAKE TERRACE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 271
  • # of teachers: 17
8
GreatSchools Rating

SPARROWS POINT MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 507
  • # of teachers: 30
7
GreatSchools Rating

SPARROWS POINT HIGH SCHOOL

  • Education Level: High
  • # of students: 791
  • # of teachers: 55
6
GreatSchools Rating
 

Financial Details

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Neighborhood

SPARROWS POINT

  • 9,318

    POPULATION
  • 3,434

    HOUSEHOLDS
  • 62.1%

    WHITE COLLAR

Neighborhood : SPARROWS POINT

HOUSEHOLDS
3,434
POPULATION

9,318

19.7%Renters
80.3%Home Owners
LABOR FORCE

 

62.1%White Collar
37.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 67% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,315 per month.

MY RENT : $1,315 MEDIAN RENT : $1,490

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.2%
$900-999 2.8%
$1,000-1,499 47.6%
>=$1,500 49.5%
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 $1,315 would therefore be considered affordable for annual household incomes greater than $52,600 (12 months x 3.333 x $1,315).

Rent % Affordability
Above $500 87.9%
Above $700 82.0%
Above $1,100 70.6%
Above $1,500 58.1%
Above $1,900 48.5%
HOUSEHOLD INCOME RANGE

Approximately 2,074 of households in this neighborhood have a total annual income of $52,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,315 per month.

MINIMUM INCOME RANGE : $52,600

Income % Distribution
<$20K 12.1%
$20K-$35K 11.8%
$35K-$60K 18.0%
$60K-$100K 23.5%
>=$100K 34.6%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 4.6%
10-14 mins 9.7%
15-19 mins 13.3%
20-29 mins 26.4%
30-44 mins 26.4%
45-59 mins 9.9%
>60 mins 7.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 67% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,315 per month.

MY RENT : $1,315 MEDIAN RENT : $1,490

Rent % Distribution
$500-699 0.0%
$700-899 0.2%
$900-999 2.8%
$1,000-1,499 47.6%
>=$1,500 49.5%
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 $1,315 would therefore be considered affordable for annual household incomes greater than $52,600 (12 months x 3.333 x $1,315).

Rent % Affordability
Above $500 87.9%
Above $700 82.0%
Above $1,100 70.6%
Above $1,500 58.1%
Above $1,900 48.5%
HOUSEHOLD INCOME RANGE

Approximately 2,074 of households in this neighborhood have a total annual income of $52,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,315 per month.

MINIMUM INCOME RANGE : $52,600

Income % Distribution
<$20K 12.1%
$20K-$35K 11.8%
$35K-$60K 18.0%
$60K-$100K 23.5%
>=$100K 34.6%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 4.6%
10-14 mins 9.7%
15-19 mins 13.3%
20-29 mins 26.4%
30-44 mins 26.4%
45-59 mins 9.9%
>60 mins 7.3%

SPARROWS POINT Demographics

INDUSTRY

Industry % Distribution
Construction 10.7%
Educational Services 9.5%
Health Care & Social Assistance 14.9%
Public Administration 8.3%
Retail & Wholesale Trader 15.6%
Transportation 8.5%
Other 32.5%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 27% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 14.7%
15-19 6.9%
20-24 5.4%
25-44 19.9%
45-65 31.6%
66+ 21.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.2%
Healthcare 7.6%
Management, Business, & Financial 20.9%
Natural Resources Maintenance 13.8%
Production & Transportation 12.4%
Sales & Office 25.2%
Other 13.0%
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 9.7%
High School 36.9%
Masters Degree 5.4%
Some College 23.7%
Some High School 13.7%
Other 10.6%

8611 N Point Rd Comps

Sorry, we do not have sufficient data available.

8611 N Point Rd, Sparrows Point, MD 21219 is a single family home of 1,072 sqft. HomeUnion INVESTimateĀ® for 8611 N Point Rd includes a Price Estimate of $198,940 and a Rent Estimate of $1,426. This single family home has 0 bedrooms,1 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 8.60% and Total Return of 21.22%. The estimated 1 year forecast in home value for 8611 N Point Rd is 4.06%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MD , BALTIMORE County , or the 21219 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2