INVESTimate
$297,477
1633 Lakeside Dr PROPERTY INFO
FACTS
- Built In 1910
- Price/Sqft : $267.38
CONSTRUCTION
- Beds : 3
- Floor Size : 4,036 sqft
- Baths : 3 Full
PROPERTY DESCRIPTION
1633 Lakeside Dr, Orlando, FL 32803 is a single family home of 4,036 sqft. HomeUnion estimate for 1633 Lakeside Dr includes a Price Estimate of $1,079,158 and a Rent Estimate of $3,207. This single family home has 3 bedrooms, 3 bathrooms, and was built in 1910. This property has an estimated 15 year annualized Yield of 3.57% and Total Return of 16.85%. The estimated 1 year forecast in home value for 1633 Lakeside Dr is 8.29%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1633 Lakeside Dr SCHOOLS
Financial Details
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Merritt Park
Neighborhood : Merritt Park
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 98% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,207 per month.
MY RENT : $3,207 MEDIAN RENT : $2,726
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 $3,207 would therefore be considered affordable for annual household incomes greater than $128,280 (12 months x 3.333 x $3,207).
HOUSEHOLD INCOME RANGE
Approximately 18 of households in this neighborhood have a total annual income of $128,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,207 per month.
MINIMUM INCOME RANGE : $128,280
COMMUTE TIME DISTRIBUTION
56% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.
Merritt Park Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Educational Services | 14.0% |
Financial Industries | 11.6% |
Health Care & Social Assistance | 14.0% |
Professional & Scientific Tech Services | 14.0% |
Real Estate | 8.1% |
Retail & Wholesale Trader | 10.5% |
Other | 27.9% |
AGE DISTRIBUTION
56% of the population is between the ages of 25 and 64, 23% is 24 or younger and 21% is 65 or older.
Age | % Distribution |
---|---|
<15 | 16.8% |
15-19 | 5.6% |
20-24 | 0.6% |
25-44 | 22.4% |
45-65 | 33.5% |
66+ | 21.1% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 7.6% |
Construction | 10.6% |
Legal | 9.1% |
Management, Business, & Financial | 28.8% |
Production & Transportation | 7.6% |
Sales & Office | 15.2% |
Other | 21.2% |
HIGHEST EDUCATION LEVEL
36% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 9.7% |
High School | 12.1% |
Masters Degree | 19.4% |
Professional | 7.3% |
Some College | 4.8% |
Other | 46.8% |
1633 Lakeside Dr Comps
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