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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

1405 Nw Magnolia Ter Arcadia, FL 34266

2 Beds 1 Baths 797 sqft Built 1968
Last updated:  Dec 26, 2019

INVESTimate

$53,640

$49.4K - $57.9K

Price Est.

$1,075

896 - $1.3K

Rent Est.

$58,677  ( +9.39%)   1 YR EST. FORECAST
  
  
  

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1405 Nw Magnolia Ter PROPERTY INFO

FACTS
  • Built In 1968
  • Price/Sqft : $67.30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 797 sqft
  • Baths : 1 Full

1405 Nw Magnolia Ter SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WEST ELEMENTARY SCHOOL Primary Regular 883 56 NA
DESOTO MIDDLE SCHOOL Middle Regular 997 65 NA
DESOTO COUNTY HIGH SCHOOL High Regular 1,106 67 NA

WEST ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 883
  • # of teachers: 56
-1
GreatSchools Rating

DESOTO MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 997
  • # of teachers: 65
-1
GreatSchools Rating

DESOTO COUNTY HIGH SCHOOL

  • Education Level: High
  • # of students: 1,106
  • # of teachers: 67
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

ARCADIA

  • 31,131

    POPULATION
  • 9,599

    HOUSEHOLDS
  • 32.2%

    WHITE COLLAR

Neighborhood : ARCADIA

HOUSEHOLDS
9,599
POPULATION

31,131

34.8%Renters
65.2%Home Owners
LABOR FORCE

 

32.2%White Collar
67.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,075 per month.

MY RENT : $1,075 MEDIAN RENT : $1,326

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 1.4%
$1,000-1,499 67.3%
>=$1,500 31.3%
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 $1,075 would therefore be considered affordable for annual household incomes greater than $43,000 (12 months x 3.333 x $1,075).

Rent % Affordability
Above $500 72.6%
Above $700 58.4%
Above $1,100 38.9%
Above $1,500 24.1%
Above $1,900 15.3%
HOUSEHOLD INCOME RANGE

Approximately 2,981 of households in this neighborhood have a total annual income of $43,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,075 per month.

MINIMUM INCOME RANGE : $43,000

Income % Distribution
<$20K 27.4%
$20K-$35K 23.8%
$35K-$60K 24.6%
$60K-$100K 17.0%
>=$100K 7.1%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 30% 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 3.5%
5-9 mins 9.9%
10-14 mins 17.0%
15-19 mins 16.3%
20-29 mins 18.1%
30-44 mins 18.8%
45-59 mins 6.5%
>60 mins 10.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,075 per month.

MY RENT : $1,075 MEDIAN RENT : $1,326

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 1.4%
$1,000-1,499 67.3%
>=$1,500 31.3%
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 $1,075 would therefore be considered affordable for annual household incomes greater than $43,000 (12 months x 3.333 x $1,075).

Rent % Affordability
Above $500 72.6%
Above $700 58.4%
Above $1,100 38.9%
Above $1,500 24.1%
Above $1,900 15.3%
HOUSEHOLD INCOME RANGE

Approximately 2,981 of households in this neighborhood have a total annual income of $43,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,075 per month.

MINIMUM INCOME RANGE : $43,000

Income % Distribution
<$20K 27.4%
$20K-$35K 23.8%
$35K-$60K 24.6%
$60K-$100K 17.0%
>=$100K 7.1%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 30% 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 3.5%
5-9 mins 9.9%
10-14 mins 17.0%
15-19 mins 16.3%
20-29 mins 18.1%
30-44 mins 18.8%
45-59 mins 6.5%
>60 mins 10.0%

ARCADIA Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 25.5%
Arts & Entertainment 8.1%
Construction 10.5%
Health Care & Social Assistance 7.3%
Public Administration 6.1%
Retail & Wholesale Trader 12.3%
Other 30.1%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 31% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 17.5%
15-19 7.4%
20-24 6.5%
25-44 27.6%
45-65 23.9%
66+ 17.1%
OCCUPATION

Occupation % Distribution
Clean 8.2%
Management, Business, & Financial 7.0%
Natural Resources Maintenance 29.6%
Production & Transportation 14.2%
Protect 6.0%
Sales & Office 16.4%
Other 18.7%
HIGHEST EDUCATION LEVEL

7% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.4%
High School 40.8%
Masters Degree 2.3%
Some College 12.8%
Some High School 32.7%
Other 7.1%

1405 Nw Magnolia Ter Comps

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1405 Nw Magnolia Ter, Arcadia, FL 34266 is a single family home of 797 sqft. HomeUnion INVESTimateĀ® for 1405 Nw Magnolia Ter includes a Price Estimate of $53,640 and a Rent Estimate of $1,075. This single family home has 2 bedrooms,1 bathrooms, and was built in 1968. This property has an estimated 15 year annualized Yield of 24.05% and Total Return of 44.01%. The estimated 1 year forecast in home value for 1405 Nw Magnolia Ter is 9.39%.

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