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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.

1603 Jean Lafitte Dr Boca Grande, FL 33921

4 Beds 6 Baths 4,806 sqft Built 2006
Last updated:  Jan 23, 2020

INVESTimate

$4,164,320

$3.75M - $4.58M

Price Est.

$9,063

$7.7K - $10.4K

Rent Est.

$4,481,225  ( +7.61%)   1 YR EST. FORECAST

1603 Jean Lafitte Dr PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $866.48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,806 sqft
  • Baths : 6 Full
PROPERTY DESCRIPTION
1603 Jean Lafitte Dr, Boca Grande, FL 33921 is a single family home of 4,806 sqft. HomeUnion estimate for 1603 Jean Lafitte Dr includes a Price Estimate of $4,164,320 and a Rent Estimate of $9,063. This single family home has 4 bedrooms, 6 bathrooms, and was built in 2006. This property has an estimated 15 year annualized Yield of 2.61% and Total Return of 15.70%. The estimated 1 year forecast in home value for 1603 Jean Lafitte Dr is 7.61%.
  
  
  

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1603 Jean Lafitte Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
TROPIC ISLES ELEMENTARY SCHOOL Primary Regular 946 65 7
GULF MIDDLE SCHOOL Middle Regular 789 41 9
NORTH FORT MYERS HIGH SCHOOL High Magnet 1,628 81 8

TROPIC ISLES ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 946
  • # of teachers: 65
7
GreatSchools Rating

GULF MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 789
  • # of teachers: 41
9
GreatSchools Rating

NORTH FORT MYERS HIGH SCHOOL

  • Education Level: High
  • # of students: 1,628
  • # of teachers: 81
8
GreatSchools Rating
 

Financial Details

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Neighborhood

BOCA GRANDE

  • 1,103

    POPULATION
  • 465

    HOUSEHOLDS
  • 71.3%

    WHITE COLLAR

Neighborhood : BOCA GRANDE

HOUSEHOLDS
465
POPULATION

1,103

8.4%Renters
91.6%Home Owners
LABOR FORCE

 

71.3%White Collar
28.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $9,063 per month.

MY RENT : $9,063 MEDIAN RENT : $3,703

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $9,063 would therefore be considered affordable for annual household incomes greater than $362,520 (12 months x 3.333 x $9,063).

Rent % Affordability
Above $500 93.1%
Above $700 84.2%
Above $1,100 68.7%
Above $1,500 55.6%
Above $1,900 46.6%
HOUSEHOLD INCOME RANGE

Approximately -77 of households in this neighborhood have a total annual income of $362,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $9,063 per month.

MINIMUM INCOME RANGE : $362,520

Income % Distribution
<$20K 6.9%
$20K-$35K 17.5%
$35K-$60K 20.0%
$60K-$100K 18.8%
>=$100K 36.9%
COMMUTE TIME DISTRIBUTION

27% of the working population has a commute time of 15 to 44 minutes, 62% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.2%
5-9 mins 27.7%
10-14 mins 24.6%
15-19 mins 11.6%
20-29 mins 11.0%
30-44 mins 4.3%
45-59 mins 0.9%
>60 mins 10.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $9,063 per month.

MY RENT : $9,063 MEDIAN RENT : $3,703

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $9,063 would therefore be considered affordable for annual household incomes greater than $362,520 (12 months x 3.333 x $9,063).

Rent % Affordability
Above $500 93.1%
Above $700 84.2%
Above $1,100 68.7%
Above $1,500 55.6%
Above $1,900 46.6%
HOUSEHOLD INCOME RANGE

Approximately -77 of households in this neighborhood have a total annual income of $362,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $9,063 per month.

MINIMUM INCOME RANGE : $362,520

Income % Distribution
<$20K 6.9%
$20K-$35K 17.5%
$35K-$60K 20.0%
$60K-$100K 18.8%
>=$100K 36.9%
COMMUTE TIME DISTRIBUTION

27% of the working population has a commute time of 15 to 44 minutes, 62% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.2%
5-9 mins 27.7%
10-14 mins 24.6%
15-19 mins 11.6%
20-29 mins 11.0%
30-44 mins 4.3%
45-59 mins 0.9%
>60 mins 10.7%

BOCA GRANDE Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.9%
Agriculture, Fishing & Game 16.2%
Arts & Entertainment 30.0%
Financial Industries 5.7%
Health Care & Social Assistance 5.9%
Retail & Wholesale Trader 11.8%
Other 23.6%
AGE DISTRIBUTION

36% of the population is between the ages of 25 and 64, 13% is 24 or younger and 50% is 65 or older.

Age % Distribution
<15 4.1%
15-19 5.7%
20-24 3.4%
25-44 19.8%
45-65 16.6%
66+ 50.5%
OCCUPATION

Occupation % Distribution
Healthcare 10.0%
Management, Business, & Financial 23.5%
Natural Resources Maintenance 26.5%
Production & Transportation 4.8%
Sales & Office 26.5%
Social 4.8%
Other 3.9%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.7%
High School 10.5%
Masters Degree 9.9%
Some College 25.3%
Some High School 7.4%
Other 40.1%

1603 Jean Lafitte Dr Comps

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