INVESTimate
$89,425
1953 Lake Sue Dr PROPERTY INFO
FACTS
- Built In 1952
- Price/Sqft : $149.19
CONSTRUCTION
- Beds : 2
- Floor Size : 1,971 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
1953 Lake Sue Dr, Orlando, FL 32803 is a single family home of 1,971 sqft. HomeUnion estimate for 1953 Lake Sue Dr includes a Price Estimate of $294,055 and a Rent Estimate of $1,880. This single family home has 2 bedrooms, 2 bathrooms, and was built in 1952. This property has an estimated 15 year annualized Yield of 7.67% and Total Return of 24.47%. The estimated 1 year forecast in home value for 1953 Lake Sue Dr is 8.29%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1953 Lake Sue Dr SCHOOLS
Financial Details
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Beeman Park
Neighborhood : Beeman Park
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,880 per month.
MY RENT : $1,880 MEDIAN RENT : $2,166
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 $1,880 would therefore be considered affordable for annual household incomes greater than $75,200 (12 months x 3.333 x $1,880).
HOUSEHOLD INCOME RANGE
Approximately 32 of households in this neighborhood have a total annual income of $75,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,880 per month.
MINIMUM INCOME RANGE : $75,200
COMMUTE TIME DISTRIBUTION
70% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.
Beeman Park Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 16.5% |
Educational Services | 12.1% |
Information | 7.7% |
Professional & Scientific Tech Services | 15.4% |
Real Estate | 7.7% |
Retail & Wholesale Trader | 11.0% |
Other | 29.7% |
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 | 25.6% |
15-19 | 6.7% |
20-24 | 1.1% |
25-44 | 23.3% |
45-65 | 29.4% |
66+ | 13.9% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 9.3% |
Management, Business, & Financial | 26.7% |
Natural Resources Maintenance | 6.7% |
PCare | 8.0% |
Production & Transportation | 8.0% |
Sales & Office | 17.3% |
Other | 24.0% |
HIGHEST EDUCATION LEVEL
30% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 14.8% |
High School | 15.7% |
Masters Degree | 7.0% |
Professional | 8.7% |
Some College | 9.6% |
Other | 44.3% |
1953 Lake Sue Dr Comps
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