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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

1709 Hammocks Ave Lutz, FL 33549

0 Beds 2 Baths 1,166 sqft Built 2006
Last updated:  Dec 26, 2019

INVESTimate

$168,074

$164K - $172K

Price Est.

$1,256

$1.2K - $1.3K

Rent Est.

$179,722  ( +6.93%)   1 YR EST. FORECAST
  
  
  

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1709 Hammocks Ave PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $144.15
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,166 sqft
  • Baths : 2 Full

1709 Hammocks Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LAKE MYRTLE ELEMENTARY SCHOOL Primary Regular 741 53 6
CHARLES S. RUSHE MIDDLE SCHOOL Middle Regular 1,289 73 8
SUNLAKE HIGH SCHOOL High Regular 1,570 82 7

LAKE MYRTLE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 741
  • # of teachers: 53
6
GreatSchools Rating

CHARLES S. RUSHE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,289
  • # of teachers: 73
8
GreatSchools Rating

SUNLAKE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,570
  • # of teachers: 82
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Lakes at Heron Cove Condominiums

  • 50

    POPULATION
  • 21

    HOUSEHOLDS
  • 80.5%

    WHITE COLLAR

Neighborhood : Lakes at Heron Cove Condominiums

HOUSEHOLDS
21
POPULATION

50

15.8%Renters
84.2%Home Owners
LABOR FORCE

 

80.5%White Collar
19.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 49% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,256 per month.

MY RENT : $1,256 MEDIAN RENT : $1,371

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 100.0%
>=$1,500 0.0%
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 $1,256 would therefore be considered affordable for annual household incomes greater than $50,240 (12 months x 3.333 x $1,256).

Rent % Affordability
Above $500 83.3%
Above $700 77.8%
Above $1,100 67.8%
Above $1,500 44.4%
Above $1,900 27.6%
HOUSEHOLD INCOME RANGE

Approximately 9 of households in this neighborhood have a total annual income of $50,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,256 per month.

MINIMUM INCOME RANGE : $50,240

Income % Distribution
<$20K 16.7%
$20K-$35K 5.6%
$35K-$60K 33.3%
$60K-$100K 22.2%
>=$100K 22.2%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.0%
10-14 mins 14.3%
15-19 mins 14.3%
20-29 mins 23.8%
30-44 mins 33.3%
45-59 mins 14.3%
>60 mins 0.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 49% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,256 per month.

MY RENT : $1,256 MEDIAN RENT : $1,371

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 100.0%
>=$1,500 0.0%
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 $1,256 would therefore be considered affordable for annual household incomes greater than $50,240 (12 months x 3.333 x $1,256).

Rent % Affordability
Above $500 83.3%
Above $700 77.8%
Above $1,100 67.8%
Above $1,500 44.4%
Above $1,900 27.6%
HOUSEHOLD INCOME RANGE

Approximately 9 of households in this neighborhood have a total annual income of $50,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,256 per month.

MINIMUM INCOME RANGE : $50,240

Income % Distribution
<$20K 16.7%
$20K-$35K 5.6%
$35K-$60K 33.3%
$60K-$100K 22.2%
>=$100K 22.2%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.0%
10-14 mins 14.3%
15-19 mins 14.3%
20-29 mins 23.8%
30-44 mins 33.3%
45-59 mins 14.3%
>60 mins 0.0%

Lakes at Heron Cove Condominiums Demographics

INDUSTRY

Industry % Distribution
Financial Industries 8.7%
Health Care & Social Assistance 8.7%
Information 8.7%
Professional & Scientific Tech Services 8.7%
Public Administration 8.7%
Retail & Wholesale Trader 17.4%
Other 39.1%
AGE DISTRIBUTION

58% of the population is between the ages of 25 and 64, 22% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 14.0%
15-19 4.0%
20-24 4.0%
25-44 24.0%
45-65 34.0%
66+ 20.0%
OCCUPATION

Occupation % Distribution
Adesm 13.3%
Education 6.7%
Management, Business, & Financial 33.3%
Production & Transportation 6.7%
Protect 6.7%
Sales & Office 20.0%
Other 13.3%
HIGHEST EDUCATION LEVEL

29% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.2%
High School 13.2%
Masters Degree 15.8%
Professional 0.0%
Some College 34.2%
Other 23.7%

1709 Hammocks Ave Comps

Sorry, we do not have sufficient data available.

1709 Hammocks Ave, Lutz, FL 33549 is a single family home of 1,166 sqft. HomeUnion INVESTimateĀ® for 1709 Hammocks Ave includes a Price Estimate of $168,074 and a Rent Estimate of $1,256. This single family home has 0 bedrooms,2 bathrooms, and was built in 2006. This property has an estimated 15 year annualized Yield of 8.97% and Total Return of 25.77%. The estimated 1 year forecast in home value for 1709 Hammocks Ave is 6.93%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , PASCO County , or the 33549 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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