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1712 Merritt Park Dr PROPERTY INFO
FACTS
- Built In 1949
- Price/Sqft : $254.45
CONSTRUCTION
- Beds : 3
- Floor Size : 1,467 sqft
- Baths : 2 Full
1712 Merritt Park Dr SCHOOLS
Financial Details
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Colonialtown North
Neighborhood : Colonialtown North
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,332 per month.
MY RENT : $2,332 MEDIAN RENT : $1,793
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 $2,332 would therefore be considered affordable for annual household incomes greater than $93,280 (12 months x 3.333 x $2,332).
HOUSEHOLD INCOME RANGE
Approximately 258 of households in this neighborhood have a total annual income of $93,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,332 per month.
MINIMUM INCOME RANGE : $93,280
COMMUTE TIME DISTRIBUTION
65% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.
Colonialtown North Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 17.4% |
| Educational Services | 7.2% |
| Financial Industries | 5.0% |
| Health Care & Social Assistance | 12.0% |
| Professional & Scientific Tech Services | 17.3% |
| Retail & Wholesale Trader | 15.6% |
| Other | 25.4% |
AGE DISTRIBUTION
71% of the population is between the ages of 25 and 64, 18% is 24 or younger and 11% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 8.3% |
| 15-19 | 3.5% |
| 20-24 | 5.9% |
| 25-44 | 44.6% |
| 45-65 | 26.3% |
| 66+ | 11.3% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 8.0% |
| Education | 6.0% |
| Healthcare | 6.9% |
| Management, Business, & Financial | 25.8% |
| Sales & Office | 25.4% |
| Social | 5.9% |
| Other | 22.1% |
HIGHEST EDUCATION LEVEL
25% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 10.1% |
| High School | 23.4% |
| Masters Degree | 12.7% |
| Professional | 2.2% |
| Some College | 21.7% |
| Other | 29.9% |
1712 Merritt Park Dr Comps
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1712 Merritt Park Dr, Orlando, FL 32803 is a single family home of 1,467 sqft. HomeUnion INVESTimateĀ® for 1712 Merritt Park Dr includes a Price Estimate of $373,284 and a Rent Estimate of $2,332. This single family home has 3 bedrooms,2 bathrooms, and was built in 1949. This property has an estimated 15 year annualized Yield of 7.50% and Total Return of 26.66%. The estimated 1 year forecast in home value for 1712 Merritt Park Dr is 8.68%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , ORANGE County , or the 32803 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
