Financial Details1302 Highway 98 1d PROPERTY INFO
FACTS
- Built In 2007
- Price/Sqft : $233.81
CONSTRUCTION
- Beds : 2
- Floor Size : 1,191 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
1302 Highway 98 1d, Mexico Beach, FL 32456 is a single family home of 1,191 sqft. HomeUnion estimate for 1302 Highway 98 1d includes a Price Estimate of $278,472 and a Rent Estimate of $1,694. This single family home has 2 bedrooms, 2 bathrooms, and was built in 2007. This property has an estimated 15 year annualized Yield of 7.30% and Total Return of 29.69%. The estimated 1 year forecast in home value for 1302 Highway 98 1d is 10.46%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1302 Highway 98 1d SCHOOLS
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Financial Details
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Mexico Beach
Neighborhood : Mexico Beach
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 $1,694 per month.
MY RENT : $1,694 MEDIAN RENT : $1,737
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 $1,694 would therefore be considered affordable for annual household incomes greater than $67,760 (12 months x 3.333 x $1,694).
HOUSEHOLD INCOME RANGE
Approximately 115 of households in this neighborhood have a total annual income of $67,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,694 per month.
MINIMUM INCOME RANGE : $67,760
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.
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 1d Comps
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