1. < Morgans Way

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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.

177 Morgans Way Palm Springs, FL 33461

0 Beds 1 Baths 1,118 sqft Built 1960
Last updated:  Dec 26, 2019

INVESTimate

$212,519

$205K - $220K

Price Est.

$1,357

$1.3K - $1.4K

Rent Est.

$67,818

Investment Est.

$238,149  ( +12.06%)   1 YR EST. FORECAST

177 Morgans Way PROPERTY INFO

FACTS
  • Built In 1960
  • Price/Sqft : $190.09
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,118 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
177 Morgans Way, Palm Springs, FL 33461 is a single family home of 1,118 sqft. HomeUnion estimate for 177 Morgans Way includes a Price Estimate of $212,519 and a Rent Estimate of $1,357. This single family home has 0 bedrooms, 1 bathrooms, and was built in 1960. This property has an estimated 15 year annualized Yield of 7.66% and Total Return of 32.38%. The estimated 1 year forecast in home value for 177 Morgans Way is 12.06%.

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177 Morgans Way SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PALM SPRINGS ELEMENTARY SCHOOL Primary Regular 878 64 3
L.C. SWAIN MIDDLE SCHOOL Middle Regular 1,067 68 4
JOHN I. LEONARD HIGH SCHOOL High Magnet 2,499 135 4

PALM SPRINGS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 878
  • # of teachers: 64
3
GreatSchools Rating

L.C. SWAIN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,067
  • # of teachers: 68
4
GreatSchools Rating

JOHN I. LEONARD HIGH SCHOOL

  • Education Level: High
  • # of students: 2,499
  • # of teachers: 135
4
GreatSchools Rating
 

Financial Details

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Neighborhood

Palm Springs Village

  • 24,035

    POPULATION

  • 8,247

    HOUSEHOLDS

  • 43.9%

    WHITE COLLAR

Neighborhood : Palm Springs Village

HOUSEHOLDS
8,247
POPULATION

24,035

48.4%Renters
51.6%Home Owners
LABOR FORCE

 

43.9%White Collar
56.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 79% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,357 per month.

MY RENT : $1,357 MEDIAN RENT : $1,710

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.6%
$1,000-1,499 28.8%
>=$1,500 70.6%
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 $1,357 would therefore be considered affordable for annual household incomes greater than $54,280 (12 months x 3.333 x $1,357).

Rent % Affordability
Above $500 72.3%
Above $700 60.4%
Above $1,100 37.3%
Above $1,500 23.5%
Above $1,900 15.9%
HOUSEHOLD INCOME RANGE

Approximately 2,145 of households in this neighborhood have a total annual income of $54,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,357 per month.

MINIMUM INCOME RANGE : $54,280

Income % Distribution
<$20K 27.7%
$20K-$35K 22.7%
$35K-$60K 26.1%
$60K-$100K 16.4%
>=$100K 7.1%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 6.2%
10-14 mins 10.5%
15-19 mins 16.6%
20-29 mins 27.8%
30-44 mins 26.1%
45-59 mins 5.9%
>60 mins 5.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 79% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,357 per month.

MY RENT : $1,357 MEDIAN RENT : $1,710

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.6%
$1,000-1,499 28.8%
>=$1,500 70.6%
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 $1,357 would therefore be considered affordable for annual household incomes greater than $54,280 (12 months x 3.333 x $1,357).

Rent % Affordability
Above $500 72.3%
Above $700 60.4%
Above $1,100 37.3%
Above $1,500 23.5%
Above $1,900 15.9%
HOUSEHOLD INCOME RANGE

Approximately 2,145 of households in this neighborhood have a total annual income of $54,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,357 per month.

MINIMUM INCOME RANGE : $54,280

Income % Distribution
<$20K 27.7%
$20K-$35K 22.7%
$35K-$60K 26.1%
$60K-$100K 16.4%
>=$100K 7.1%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 6.2%
10-14 mins 10.5%
15-19 mins 16.6%
20-29 mins 27.8%
30-44 mins 26.1%
45-59 mins 5.9%
>60 mins 5.4%
Palm Springs Village Demographics
INDUSTRY

           

Industry % Distribution
Administrative Support 7.1%
Arts & Entertainment 11.2%
Construction 11.6%
Health Care & Social Assistance 11.9%
Manufacturing 4.3%
Retail & Wholesale Trader 21.0%
Other 33.0%
OCCUPATION

           

Occupation % Distribution
Clean 10.9%
Healthcare 6.7%
Management, Business, & Financial 8.7%
Natural Resources Maintenance 15.2%
Production & Transportation 13.1%
Sales & Office 25.2%
Other 20.2%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 22.1%
15-19 4.9%
20-24 8.9%
25-44 29.1%
45-65 23.5%
66+ 11.5%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level % Distribution
Associates Degree 7.6%
High School 32.6%
Masters Degree 3.4%
Some College 20.5%
Some High School 24.7%
Other 11.1%

Palm Springs Village Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.1%
Arts & Entertainment 11.2%
Construction 11.6%
Health Care & Social Assistance 11.9%
Manufacturing 4.3%
Retail & Wholesale Trader 21.0%
Other 33.0%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 36% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 22.1%
15-19 4.9%
20-24 8.9%
25-44 29.1%
45-65 23.5%
66+ 11.5%
OCCUPATION

Occupation % Distribution
Clean 10.9%
Healthcare 6.7%
Management, Business, & Financial 8.7%
Natural Resources Maintenance 15.2%
Production & Transportation 13.1%
Sales & Office 25.2%
Other 20.2%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.6%
High School 32.6%
Masters Degree 3.4%
Some College 20.5%
Some High School 24.7%
Other 11.1%

177 Morgans Way Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , PALM BEACH County , or the 33461 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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