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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.

201 Carolina Dr Mexico Beach, FL 32456

2 Beds 2 Baths 924 sqft Built 1981
Last updated:  Nov 28, 2019

INVESTimate

$125,869

$121K - $131K

Price Est.

$1,248

$1.0K - $1.5K

Rent Est.

$139,035  ( +10.46%)   1 YR EST. FORECAST

201 Carolina Dr PROPERTY INFO

FACTS
  • Built In 1981
  • Price/Sqft : $136.22
CONSTRUCTION
  • Beds : 2
  • Floor Size : 924 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
201 Carolina Dr, Mexico Beach, FL 32456 is a single family home of 924 sqft. HomeUnion estimate for 201 Carolina Dr includes a Price Estimate of $125,869 and a Rent Estimate of $1,248. This single family home has 2 bedrooms, 2 bathrooms, and was built in 1981. This property has an estimated 15 year annualized Yield of 11.90% and Total Return of 35.95%. The estimated 1 year forecast in home value for 201 Carolina Dr is 10.46%.
  
  
  

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201 Carolina Dr SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

Mexico Beach

  • 772

    POPULATION
  • 382

    HOUSEHOLDS
  • 61.3%

    WHITE COLLAR

Neighborhood : Mexico Beach

HOUSEHOLDS
382
POPULATION

772

37.6%Renters
62.4%Home Owners
LABOR FORCE

 

61.3%White Collar
38.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,248 per month.

MY RENT : $1,248 MEDIAN RENT : $1,737

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.2%
$900-999 0.2%
$1,000-1,499 25.1%
>=$1,500 74.4%
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 $1,248 would therefore be considered affordable for annual household incomes greater than $49,920 (12 months x 3.333 x $1,248).

Rent % Affordability
Above $500 86.5%
Above $700 78.3%
Above $1,100 59.7%
Above $1,500 44.3%
Above $1,900 31.2%
HOUSEHOLD INCOME RANGE

Approximately 188 of households in this neighborhood have a total annual income of $49,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,248 per month.

MINIMUM INCOME RANGE : $49,920

Income % Distribution
<$20K 13.5%
$20K-$35K 14.1%
$35K-$60K 28.1%
$60K-$100K 21.1%
>=$100K 23.2%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.5%
5-9 mins 6.1%
10-14 mins 2.9%
15-19 mins 19.4%
20-29 mins 30.5%
30-44 mins 15.8%
45-59 mins 6.1%
>60 mins 11.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,248 per month.

MY RENT : $1,248 MEDIAN RENT : $1,737

Rent % Distribution
$500-699 0.0%
$700-899 0.2%
$900-999 0.2%
$1,000-1,499 25.1%
>=$1,500 74.4%
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 $1,248 would therefore be considered affordable for annual household incomes greater than $49,920 (12 months x 3.333 x $1,248).

Rent % Affordability
Above $500 86.5%
Above $700 78.3%
Above $1,100 59.7%
Above $1,500 44.3%
Above $1,900 31.2%
HOUSEHOLD INCOME RANGE

Approximately 188 of households in this neighborhood have a total annual income of $49,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,248 per month.

MINIMUM INCOME RANGE : $49,920

Income % Distribution
<$20K 13.5%
$20K-$35K 14.1%
$35K-$60K 28.1%
$60K-$100K 21.1%
>=$100K 23.2%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.5%
5-9 mins 6.1%
10-14 mins 2.9%
15-19 mins 19.4%
20-29 mins 30.5%
30-44 mins 15.8%
45-59 mins 6.1%
>60 mins 11.8%

Mexico Beach Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.8%
Arts & Entertainment 7.4%
Construction 7.4%
Educational Services 8.9%
Health Care & Social Assistance 21.0%
Retail & Wholesale Trader 14.8%
Other 32.7%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 13% is 24 or younger and 31% is 65 or older.

Age % Distribution
<15 5.6%
15-19 2.2%
20-24 5.7%
25-44 22.2%
45-65 33.5%
66+ 30.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.1%
Healthcare 28.0%
Management, Business, & Financial 18.6%
Natural Resources Maintenance 13.0%
Production & Transportation 3.7%
Sales & Office 18.6%
Other 9.9%
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 11.8%
High School 22.2%
Masters Degree 12.6%
Some College 21.2%
Some High School 7.7%
Other 24.5%

201 Carolina Dr Comps

Sorry, we do not have sufficient data available.

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