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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

1311 Sw County Road 242 Lake City, FL 32024

3 Beds 2 Baths 1,860 sqft Built 1998
Last updated:  Dec 26, 2019

INVESTimate

$229,584

$224K - $235K

Price Est.

$1,489

$1.2K - $1.7K

Rent Est.

$241,798  ( +5.32%)   1 YR EST. FORECAST
  
  
  

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1311 Sw County Road 242 PROPERTY INFO

FACTS
  • Built In 1998
  • Price/Sqft : $123.43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,860 sqft
  • Baths : 2 Full

1311 Sw County Road 242 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MELROSE PARK ELEMENTARY SCHOOL Primary Regular 481 38 3
LAKE CITY MIDDLE SCHOOL Middle Regular 1,099 57 7
LAKE CITY MIDDLE SCHOOL High Regular 1,099 57 7

MELROSE PARK ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 38
3
GreatSchools Rating

LAKE CITY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,099
  • # of teachers: 57
7
GreatSchools Rating

LAKE CITY MIDDLE SCHOOL

  • Education Level: High
  • # of students: 1,099
  • # of teachers: 57
7
GreatSchools Rating
 

Financial Details

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Neighborhood

LAKE CITY

  • 19,830

    POPULATION
  • 7,207

    HOUSEHOLDS
  • 59.4%

    WHITE COLLAR

Neighborhood : LAKE CITY

HOUSEHOLDS
7,207
POPULATION

19,830

17.0%Renters
83.0%Home Owners
LABOR FORCE

 

59.4%White Collar
40.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,489 per month.

MY RENT : $1,489 MEDIAN RENT : $1,420

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 73.2%
>=$1,500 26.8%
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 $1,489 would therefore be considered affordable for annual household incomes greater than $59,560 (12 months x 3.333 x $1,489).

Rent % Affordability
Above $500 81.5%
Above $700 72.0%
Above $1,100 56.0%
Above $1,500 42.5%
Above $1,900 28.7%
HOUSEHOLD INCOME RANGE

Approximately 3,073 of households in this neighborhood have a total annual income of $59,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,489 per month.

MINIMUM INCOME RANGE : $59,560

Income % Distribution
<$20K 18.5%
$20K-$35K 15.5%
$35K-$60K 23.6%
$60K-$100K 24.3%
>=$100K 18.2%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 5.8%
10-14 mins 13.2%
15-19 mins 21.5%
20-29 mins 26.2%
30-44 mins 12.9%
45-59 mins 10.6%
>60 mins 8.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,489 per month.

MY RENT : $1,489 MEDIAN RENT : $1,420

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 73.2%
>=$1,500 26.8%
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 $1,489 would therefore be considered affordable for annual household incomes greater than $59,560 (12 months x 3.333 x $1,489).

Rent % Affordability
Above $500 81.5%
Above $700 72.0%
Above $1,100 56.0%
Above $1,500 42.5%
Above $1,900 28.7%
HOUSEHOLD INCOME RANGE

Approximately 3,073 of households in this neighborhood have a total annual income of $59,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,489 per month.

MINIMUM INCOME RANGE : $59,560

Income % Distribution
<$20K 18.5%
$20K-$35K 15.5%
$35K-$60K 23.6%
$60K-$100K 24.3%
>=$100K 18.2%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 5.8%
10-14 mins 13.2%
15-19 mins 21.5%
20-29 mins 26.2%
30-44 mins 12.9%
45-59 mins 10.6%
>60 mins 8.8%

LAKE CITY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.8%
Construction 9.6%
Health Care & Social Assistance 12.8%
Public Administration 10.1%
Retail & Wholesale Trader 16.4%
Transportation 7.6%
Other 35.7%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 32% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 19.5%
15-19 6.3%
20-24 5.9%
25-44 21.7%
45-65 28.4%
66+ 18.2%
OCCUPATION

Occupation % Distribution
Healthcare 10.5%
Management, Business, & Financial 14.6%
Natural Resources Maintenance 14.2%
Production & Transportation 9.6%
Protect 5.2%
Sales & Office 25.5%
Other 20.4%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.6%
High School 37.9%
Masters Degree 3.5%
Some College 22.7%
Some High School 10.7%
Other 14.6%

1311 Sw County Road 242 Comps

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1311 Sw County Road 242, Lake City, FL 32024 is a single family home of 1,860 sqft. HomeUnion INVESTimateĀ® for 1311 Sw County Road 242 includes a Price Estimate of $229,584 and a Rent Estimate of $1,489. This single family home has 3 bedrooms,2 bathrooms, and was built in 1998. This property has an estimated 15 year annualized Yield of 7.78% and Total Return of 18.98%. The estimated 1 year forecast in home value for 1311 Sw County Road 242 is 5.32%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , COLUMBIA County , or the 32024 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 32025