INVESTimate
$143,910
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1815 Palm Ln PROPERTY INFO
FACTS
- Built In 1952
- Price/Sqft : $289.99
CONSTRUCTION
- Beds : 3
- Floor Size : 1,723 sqft
- Baths : 2 Full
1815 Palm Ln SCHOOLS
Financial Details
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Lake Sue Park
Neighborhood : Lake Sue 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 $2,359 per month.
MY RENT : $2,359 MEDIAN RENT : $2,331
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 $2,359 would therefore be considered affordable for annual household incomes greater than $94,360 (12 months x 3.333 x $2,359).
HOUSEHOLD INCOME RANGE
Approximately 25 of households in this neighborhood have a total annual income of $94,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,359 per month.
MINIMUM INCOME RANGE : $94,360
COMMUTE TIME DISTRIBUTION
70% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.
Lake Sue Park Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 16.2% |
| Educational Services | 12.5% |
| Information | 7.5% |
| Professional & Scientific Tech Services | 16.2% |
| Real Estate | 7.5% |
| Retail & Wholesale Trader | 11.2% |
| Other | 28.8% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 33% is 24 or younger and 14% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 25.5% |
| 15-19 | 6.4% |
| 20-24 | 1.3% |
| 25-44 | 23.6% |
| 45-65 | 29.3% |
| 66+ | 14.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 9.1% |
| Management, Business, & Financial | 27.3% |
| Natural Resources Maintenance | 7.6% |
| PCare | 7.6% |
| Production & Transportation | 7.6% |
| Sales & Office | 16.7% |
| Other | 24.2% |
HIGHEST EDUCATION LEVEL
31% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 14.6% |
| High School | 15.5% |
| Masters Degree | 7.8% |
| Professional | 8.7% |
| Some College | 9.7% |
| Other | 43.7% |
1815 Palm Ln Comps
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1815 Palm Ln, Orlando, FL 32803 is a single family home of 1,723 sqft. HomeUnion INVESTimateĀ® for 1815 Palm Ln includes a Price Estimate of $499,661 and a Rent Estimate of $2,359. This single family home has 3 bedrooms,2 bathrooms, and was built in 1952. This property has an estimated 15 year annualized Yield of 5.67% and Total Return of 22.51%. The estimated 1 year forecast in home value for 1815 Palm Ln is 8.29%.
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
