Financial Details1604 Jean Lafitte Dr PROPERTY INFO
FACTS
- Built In 2018
- Price/Sqft : $693.05
CONSTRUCTION
- Beds : 3
- Floor Size : 4,609 sqft
- Baths : 5 Full 1 Half
PROPERTY DESCRIPTION
1604 Jean Lafitte Dr, Boca Grande, FL 33921 is a single family home of 4,609 sqft. HomeUnion estimate for 1604 Jean Lafitte Dr includes a Price Estimate of $3,194,277 and a Rent Estimate of $7,766. This single family home has 3 bedrooms, 6 bathrooms, and was built in 2018. This property has an estimated 15 year annualized Yield of 2.92% and Total Return of 15.68%. The estimated 1 year forecast in home value for 1604 Jean Lafitte Dr is 7.61%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1604 Jean Lafitte Dr SCHOOLS
Financial Details
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BOCA GRANDE
Neighborhood : BOCA GRANDE
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 $7,766 per month.
MY RENT : $7,766 MEDIAN RENT : $3,703
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 $7,766 would therefore be considered affordable for annual household incomes greater than $310,640 (12 months x 3.333 x $7,766).
HOUSEHOLD INCOME RANGE
Approximately -41 of households in this neighborhood have a total annual income of $310,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $7,766 per month.
MINIMUM INCOME RANGE : $310,640
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.
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% |
1604 Jean Lafitte Dr Comps
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