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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.

1862 Oak Ln Orlando, FL 32803

4 Beds 4 Baths 3,340 sqft Built 2001
Last updated:  Nov 28, 2019

INVESTimate

$369,179

$330K - $409K

Price Est.

$2,947

$2.8K - $3.1K

Rent Est.

$393,102  ( +6.48%)   1 YR EST. FORECAST

1862 Oak Ln PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $110.53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,340 sqft
  • Baths : 3 Full 1 Half
PROPERTY DESCRIPTION
1862 Oak Ln, Orlando, FL 32803 is a single family home of 3,340 sqft. HomeUnion estimate for 1862 Oak Ln includes a Price Estimate of $369,179 and a Rent Estimate of $2,947. This single family home has 4 bedrooms, 4 bathrooms, and was built in 2001. This property has an estimated 15 year annualized Yield of 9.58% and Total Return of 26.63%. The estimated 1 year forecast in home value for 1862 Oak Ln is 6.48%.
  
  
  

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1862 Oak Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
COLUMBIA ELEMENTARY SCHOOL Primary Regular 1,091 67 8
CORNER LAKE MIDDLE SCHOOL Middle Regular 1,284 72 6
EAST RIVER HIGH SCHOOL High Regular 1,893 93 6

COLUMBIA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 1,091
  • # of teachers: 67
8
GreatSchools Rating

CORNER LAKE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,284
  • # of teachers: 72
6
GreatSchools Rating

EAST RIVER HIGH SCHOOL

  • Education Level: High
  • # of students: 1,893
  • # of teachers: 93
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Cypress Lakes East

  • 3,155

    POPULATION
  • 903

    HOUSEHOLDS
  • 65.5%

    WHITE COLLAR

Neighborhood : Cypress Lakes East

HOUSEHOLDS
903
POPULATION

3,155

16.0%Renters
84.0%Home Owners
LABOR FORCE

 

65.5%White Collar
34.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,947 per month.

MY RENT : $2,947 MEDIAN RENT : $2,201

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $2,947 would therefore be considered affordable for annual household incomes greater than $117,880 (12 months x 3.333 x $2,947).

Rent % Affordability
Above $500 91.3%
Above $700 82.0%
Above $1,100 66.7%
Above $1,500 48.7%
Above $1,900 40.6%
HOUSEHOLD INCOME RANGE

Approximately 138 of households in this neighborhood have a total annual income of $117,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,947 per month.

MINIMUM INCOME RANGE : $117,880

Income % Distribution
<$20K 8.7%
$20K-$35K 16.7%
$35K-$60K 25.9%
$60K-$100K 19.8%
>=$100K 28.9%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 8% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 0.0%
10-14 mins 7.0%
15-19 mins 11.8%
20-29 mins 18.6%
30-44 mins 31.7%
45-59 mins 21.7%
>60 mins 8.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,947 per month.

MY RENT : $2,947 MEDIAN RENT : $2,201

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $2,947 would therefore be considered affordable for annual household incomes greater than $117,880 (12 months x 3.333 x $2,947).

Rent % Affordability
Above $500 91.3%
Above $700 82.0%
Above $1,100 66.7%
Above $1,500 48.7%
Above $1,900 40.6%
HOUSEHOLD INCOME RANGE

Approximately 138 of households in this neighborhood have a total annual income of $117,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,947 per month.

MINIMUM INCOME RANGE : $117,880

Income % Distribution
<$20K 8.7%
$20K-$35K 16.7%
$35K-$60K 25.9%
$60K-$100K 19.8%
>=$100K 28.9%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 8% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 0.0%
10-14 mins 7.0%
15-19 mins 11.8%
20-29 mins 18.6%
30-44 mins 31.7%
45-59 mins 21.7%
>60 mins 8.3%

Cypress Lakes East Demographics

INDUSTRY

Industry % Distribution
Administrative Support 8.4%
Arts & Entertainment 11.9%
Educational Services 7.5%
Health Care & Social Assistance 13.6%
Professional & Scientific Tech Services 8.0%
Retail & Wholesale Trader 15.2%
Other 35.3%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 38% is 24 or younger and 6% is 65 or older.

Age % Distribution
<15 22.1%
15-19 6.8%
20-24 9.0%
25-44 30.3%
45-65 26.2%
66+ 5.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 10.2%
Healthcare 10.5%
Management, Business, & Financial 22.2%
Natural Resources Maintenance 9.0%
Production & Transportation 8.6%
Sales & Office 20.4%
Other 19.2%
HIGHEST EDUCATION LEVEL

26% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.1%
High School 21.8%
Masters Degree 11.6%
Some College 16.4%
Some High School 16.2%
Other 21.8%

1862 Oak Ln 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 , ORANGE County , or the 32803 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 32820
  2. 32833
  3. 32828