1. < Merritt Park Dr

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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

2001 Merritt Park Dr Orlando, FL 32803

2 Beds 2 Baths 1,301 sqft Built 1951
Last updated:  Nov 28, 2019

INVESTimate

$368,160

$329K - $407K

Price Est.

$1,661

$1.5K - $1.8K

Rent Est.

$109,062

Investment Est.

$398,680  ( +8.29%)   1 YR EST. FORECAST

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2001 Merritt Park Dr PROPERTY INFO

FACTS
  • Built In 1951
  • Price/Sqft : $282.98
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,301 sqft
  • Baths : 1 Full 1 Half

2001 Merritt Park Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
AUDUBON PARK SCHOOL Primary Unknown NA
AUDUBON PARK SCHOOL Middle Unknown NA
WINTER PARK HIGH SCHOOL High Magnet 3,387 177 8

AUDUBON PARK SCHOOL

  • Education Level: Primary
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

AUDUBON PARK SCHOOL

  • Education Level: Middle
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

WINTER PARK HIGH SCHOOL

  • Education Level: High
  • # of students: 3,387
  • # of teachers: 177
8
GreatSchools Rating
 

Financial Details

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Neighborhood

Merritt Park

  • 161

    POPULATION

  • 79

    HOUSEHOLDS

  • 87.0%

    WHITE COLLAR

Neighborhood : Merritt Park

HOUSEHOLDS
79
POPULATION

161

23.8%Renters
76.2%Home Owners
LABOR FORCE

 

87.0%White Collar
13.0%Blue Collar
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 $1,661 per month.

MY RENT : $1,661 MEDIAN RENT : $2,726

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 2.4%
>=$1,500 97.6%
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 $1,661 would therefore be considered affordable for annual household incomes greater than $66,440 (12 months x 3.333 x $1,661).

Rent % Affordability
Above $500 83.3%
Above $700 80.5%
Above $1,100 74.9%
Above $1,500 70.5%
Above $1,900 53.6%
HOUSEHOLD INCOME RANGE

Approximately 43 of households in this neighborhood have a total annual income of $66,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,661 per month.

MINIMUM INCOME RANGE : $66,440

Income % Distribution
<$20K 16.7%
$20K-$35K 6.4%
$35K-$60K 6.4%
$60K-$100K 23.1%
>=$100K 47.4%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 5.1%
10-14 mins 26.9%
15-19 mins 20.5%
20-29 mins 21.8%
30-44 mins 14.1%
45-59 mins 3.8%
>60 mins 7.7%
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 $1,661 per month.

MY RENT : $1,661 MEDIAN RENT : $2,726

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 2.4%
>=$1,500 97.6%
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 $1,661 would therefore be considered affordable for annual household incomes greater than $66,440 (12 months x 3.333 x $1,661).

Rent % Affordability
Above $500 83.3%
Above $700 80.5%
Above $1,100 74.9%
Above $1,500 70.5%
Above $1,900 53.6%
HOUSEHOLD INCOME RANGE

Approximately 43 of households in this neighborhood have a total annual income of $66,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,661 per month.

MINIMUM INCOME RANGE : $66,440

Income % Distribution
<$20K 16.7%
$20K-$35K 6.4%
$35K-$60K 6.4%
$60K-$100K 23.1%
>=$100K 47.4%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 5.1%
10-14 mins 26.9%
15-19 mins 20.5%
20-29 mins 21.8%
30-44 mins 14.1%
45-59 mins 3.8%
>60 mins 7.7%
Merritt Park Demographics
INDUSTRY

           

Industry % Distribution
Educational Services 14.0%
Financial Industries 11.6%
Health Care & Social Assistance 14.0%
Professional & Scientific Tech Services 14.0%
Real Estate 8.1%
Retail & Wholesale Trader 10.5%
Other 27.9%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 7.6%
Construction 10.6%
Legal 9.1%
Management, Business, & Financial 28.8%
Production & Transportation 7.6%
Sales & Office 15.2%
Other 21.2%
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 16.8%
15-19 5.6%
20-24 0.6%
25-44 22.4%
45-65 33.5%
66+ 21.1%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 9.7%
High School 12.1%
Masters Degree 19.4%
Professional 7.3%
Some College 4.8%
Other 46.8%

Merritt Park Demographics

INDUSTRY

Industry % Distribution
Educational Services 14.0%
Financial Industries 11.6%
Health Care & Social Assistance 14.0%
Professional & Scientific Tech Services 14.0%
Real Estate 8.1%
Retail & Wholesale Trader 10.5%
Other 27.9%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 23% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 16.8%
15-19 5.6%
20-24 0.6%
25-44 22.4%
45-65 33.5%
66+ 21.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.6%
Construction 10.6%
Legal 9.1%
Management, Business, & Financial 28.8%
Production & Transportation 7.6%
Sales & Office 15.2%
Other 21.2%
HIGHEST EDUCATION LEVEL

36% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.7%
High School 12.1%
Masters Degree 19.4%
Professional 7.3%
Some College 4.8%
Other 46.8%

2001 Merritt Park Dr Comps

Sorry, we do not have sufficient data available.

2001 Merritt Park Dr, Orlando, FL 32803 is a single family home of 1,301 sqft. HomeUnion INVESTimateĀ® for 2001 Merritt Park Dr includes a Price Estimate of $368,160 and a Rent Estimate of $1,661. This single family home has 2 bedrooms,2 bathrooms, and was built in 1951. This property has an estimated 15 year annualized Yield of 5.41% and Total Return of 20.60%. The estimated 1 year forecast in home value for 2001 Merritt Park Dr 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

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