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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

1824 Sw Paloma Ct Lake City, FL 32025

3 Beds 2 Baths 1,802 sqft Built 2004
Last updated:  Dec 26, 2019

INVESTimate

$250,873

$238K - $264K

Price Est.

$1,482

$1.1K - $1.9K

Rent Est.

$266,628  ( +6.28%)   1 YR EST. FORECAST
  
  
  

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1824 Sw Paloma Ct PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $139.22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,802 sqft
  • Baths : 2 Full

1824 Sw Paloma Ct SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MELROSE PARK ELEMENTARY SCHOOL Primary Regular 481 38 3
RICHARDSON MIDDLE SCHOOL Middle Regular 584 40 4
COLUMBIA HIGH SCHOOL High Regular 1,731 105 4

MELROSE PARK ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 38
3
GreatSchools Rating

RICHARDSON MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 584
  • # of teachers: 40
4
GreatSchools Rating

COLUMBIA HIGH SCHOOL

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 105
4
GreatSchools Rating
 

Financial Details

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Neighborhood

LAKE CITY

  • 22,531

    POPULATION
  • 7,495

    HOUSEHOLDS
  • 56.4%

    WHITE COLLAR

Neighborhood : LAKE CITY

HOUSEHOLDS
7,495
POPULATION

22,531

37.0%Renters
63.0%Home Owners
LABOR FORCE

 

56.4%White Collar
43.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 19% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,482 per month.

MY RENT : $1,482 MEDIAN RENT : $1,177

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 3.9%
$900-999 15.1%
$1,000-1,499 64.7%
>=$1,500 16.3%
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 $1,482 would therefore be considered affordable for annual household incomes greater than $59,280 (12 months x 3.333 x $1,482).

Rent % Affordability
Above $500 79.9%
Above $700 70.8%
Above $1,100 49.7%
Above $1,500 35.2%
Above $1,900 22.6%
HOUSEHOLD INCOME RANGE

Approximately 2,662 of households in this neighborhood have a total annual income of $59,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,482 per month.

MINIMUM INCOME RANGE : $59,280

Income % Distribution
<$20K 20.1%
$20K-$35K 18.1%
$35K-$60K 26.7%
$60K-$100K 22.1%
>=$100K 13.0%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 40% 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 3.7%
5-9 mins 13.5%
10-14 mins 22.4%
15-19 mins 19.7%
20-29 mins 19.4%
30-44 mins 7.6%
45-59 mins 7.4%
>60 mins 6.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 19% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,482 per month.

MY RENT : $1,482 MEDIAN RENT : $1,177

Rent % Distribution
$500-699 0.0%
$700-899 3.9%
$900-999 15.1%
$1,000-1,499 64.7%
>=$1,500 16.3%
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 $1,482 would therefore be considered affordable for annual household incomes greater than $59,280 (12 months x 3.333 x $1,482).

Rent % Affordability
Above $500 79.9%
Above $700 70.8%
Above $1,100 49.7%
Above $1,500 35.2%
Above $1,900 22.6%
HOUSEHOLD INCOME RANGE

Approximately 2,662 of households in this neighborhood have a total annual income of $59,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,482 per month.

MINIMUM INCOME RANGE : $59,280

Income % Distribution
<$20K 20.1%
$20K-$35K 18.1%
$35K-$60K 26.7%
$60K-$100K 22.1%
>=$100K 13.0%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 40% 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 3.7%
5-9 mins 13.5%
10-14 mins 22.4%
15-19 mins 19.7%
20-29 mins 19.4%
30-44 mins 7.6%
45-59 mins 7.4%
>60 mins 6.4%

LAKE CITY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.8%
Health Care & Social Assistance 20.8%
Manufacturing 7.8%
Public Administration 9.4%
Retail & Wholesale Trader 16.9%
Transportation 7.3%
Other 29.0%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 33% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 16.0%
15-19 7.8%
20-24 9.5%
25-44 25.9%
45-65 24.5%
66+ 16.3%
OCCUPATION

Occupation % Distribution
Healthcare 15.6%
Management, Business, & Financial 10.5%
Natural Resources Maintenance 12.4%
Production & Transportation 12.9%
Protect 5.6%
Sales & Office 23.0%
Other 20.0%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.9%
High School 34.4%
Masters Degree 4.1%
Some College 25.7%
Some High School 15.7%
Other 11.3%

1824 Sw Paloma Ct Comps

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1824 Sw Paloma Ct, Lake City, FL 32025 is a single family home of 1,802 sqft. HomeUnion INVESTimateĀ® for 1824 Sw Paloma Ct includes a Price Estimate of $250,873 and a Rent Estimate of $1,482. This single family home has 3 bedrooms,2 bathrooms, and was built in 2004. This property has an estimated 15 year annualized Yield of 7.09% and Total Return of 16.49%. The estimated 1 year forecast in home value for 1824 Sw Paloma Ct is 6.28%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , COLUMBIA County , or the 32025 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 32024
  2. 32055