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This page contains information about each property aggregated from public data sources, 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.

1302 Highway 98 1c Mexico Beach, FL 32456

2 Beds 2 Baths 1,190 sqft Built 2007
Last updated:  Nov 28, 2019

INVESTimate

$274,489

$263K - $286K

Price Est.

$1,595

$1.3K - $1.9K

Rent Est.

$303,201  ( +10.46%)   1 YR EST. FORECAST

1302 Highway 98 1c PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $230.66
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,190 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
1302 Highway 98 1c, Mexico Beach, FL 32456 is a single family home of 1,190 sqft. HomeUnion estimate for 1302 Highway 98 1c includes a Price Estimate of $274,489 and a Rent Estimate of $1,595. This single family home has 2 bedrooms, 2 bathrooms, and was built in 2007. This property has an estimated 15 year annualized Yield of 6.97% and Total Return of 28.95%. The estimated 1 year forecast in home value for 1302 Highway 98 1c is 10.46%.
  
  
  

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1302 Highway 98 1c SCHOOLS

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Financial Details

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Neighborhood

Mexico Beach

  • 772

    POPULATION
  • 382

    HOUSEHOLDS
  • 61.3%

    WHITE COLLAR

Neighborhood : Mexico Beach

HOUSEHOLDS
382
POPULATION

772

37.6%Renters
62.4%Home Owners
LABOR FORCE

 

61.3%White Collar
38.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,595 per month.

MY RENT : $1,595 MEDIAN RENT : $1,737

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.2%
$900-999 0.2%
$1,000-1,499 25.1%
>=$1,500 74.4%
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 $1,595 would therefore be considered affordable for annual household incomes greater than $63,800 (12 months x 3.333 x $1,595).

Rent % Affordability
Above $500 86.5%
Above $700 78.3%
Above $1,100 59.7%
Above $1,500 44.3%
Above $1,900 31.2%
HOUSEHOLD INCOME RANGE

Approximately 118 of households in this neighborhood have a total annual income of $63,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,595 per month.

MINIMUM INCOME RANGE : $63,800

Income % Distribution
<$20K 13.5%
$20K-$35K 14.1%
$35K-$60K 28.1%
$60K-$100K 21.1%
>=$100K 23.2%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.5%
5-9 mins 6.1%
10-14 mins 2.9%
15-19 mins 19.4%
20-29 mins 30.5%
30-44 mins 15.8%
45-59 mins 6.1%
>60 mins 11.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,595 per month.

MY RENT : $1,595 MEDIAN RENT : $1,737

Rent % Distribution
$500-699 0.0%
$700-899 0.2%
$900-999 0.2%
$1,000-1,499 25.1%
>=$1,500 74.4%
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 $1,595 would therefore be considered affordable for annual household incomes greater than $63,800 (12 months x 3.333 x $1,595).

Rent % Affordability
Above $500 86.5%
Above $700 78.3%
Above $1,100 59.7%
Above $1,500 44.3%
Above $1,900 31.2%
HOUSEHOLD INCOME RANGE

Approximately 118 of households in this neighborhood have a total annual income of $63,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,595 per month.

MINIMUM INCOME RANGE : $63,800

Income % Distribution
<$20K 13.5%
$20K-$35K 14.1%
$35K-$60K 28.1%
$60K-$100K 21.1%
>=$100K 23.2%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.5%
5-9 mins 6.1%
10-14 mins 2.9%
15-19 mins 19.4%
20-29 mins 30.5%
30-44 mins 15.8%
45-59 mins 6.1%
>60 mins 11.8%

Mexico Beach Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.8%
Arts & Entertainment 7.4%
Construction 7.4%
Educational Services 8.9%
Health Care & Social Assistance 21.0%
Retail & Wholesale Trader 14.8%
Other 32.7%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 13% is 24 or younger and 31% is 65 or older.

Age % Distribution
<15 5.6%
15-19 2.2%
20-24 5.7%
25-44 22.2%
45-65 33.5%
66+ 30.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.1%
Healthcare 28.0%
Management, Business, & Financial 18.6%
Natural Resources Maintenance 13.0%
Production & Transportation 3.7%
Sales & Office 18.6%
Other 9.9%
HIGHEST EDUCATION LEVEL

30% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.8%
High School 22.2%
Masters Degree 12.6%
Some College 21.2%
Some High School 7.7%
Other 24.5%

1302 Highway 98 1c Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , BAY County , or the 32456 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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