1. < Mill Rd

Sell Your Property

Easily Access a network of motivated buyers
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.

...MORE

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.

2016 Mill Rd Cottondale, FL 32431

3 Beds 2 Baths 1,292 sqft Built 2007
Last updated:  Jan 23, 2020

INVESTimate

$127,179

$121K - $133K

Price Est.

$877

768 - 986

Rent Est.

$45,202

Investment Est.

$129,125  ( +1.53%)   1 YR EST. FORECAST

2016 Mill Rd PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $98.44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,292 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
2016 Mill Rd, Cottondale, FL 32431 is a single family home of 1,292 sqft. HomeUnion estimate for 2016 Mill Rd includes a Price Estimate of $127,179 and a Rent Estimate of $877. This single family home has 3 bedrooms, 2 bathrooms, and was built in 2007. This property has an estimated 15 year annualized Yield of 8.27% and Total Return of 13.23%. The estimated 1 year forecast in home value for 2016 Mill Rd is 1.53%.

OTHER REAL ESTATE INVESTMENT PROPERTIES

  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 3301 HENDERSON MILL ROAD Atlanta, GA
    • 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units
    AVAILABLE fmls
    • 13.98% GROSS YIELD
    • $7,359 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $169,900
    • $50,774
    • $1,980
  • 1147 W ROSEWOOD AVE San Antonio, TX
    • 2 beds 2 baths ∙ 1,006 Sqft ∙ Built 1920 ∙ 2units 2 beds 2 baths ∙ 1,006 Sqft ∙ Built 1920 ∙ 2units
    AVAILABLE
    • 12.70% GROSS YIELD
    • $11,492 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $189,023
    • $61,591
    • $2,000
  • 2032 GLENRIDGE DRIVE Indianapolis, IN
    • 4 beds 1 baths ∙ 1,820 Sqft ∙ Built 1949 ∙ 1units 4 beds 1 baths ∙ 1,820 Sqft ∙ Built 1949 ∙ 1units
    AVAILABLE
    • 12.40% GROSS YIELD
    • $5,248 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $90,000
    • $29,600
    • $930
  • 8610 CRYSTAL COVE CIRCLE Houston, TX
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1981 ∙ 1units 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1981 ∙ 1units
    AVAILABLE
    • 12.03% GROSS YIELD
    • $6,018 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $134,700
    • $41,446
    • $1,350

2016 Mill Rd SCHOOLS

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

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

COTTONDALE

  • 4,140

    POPULATION

  • 1,664

    HOUSEHOLDS

  • 49.8%

    WHITE COLLAR

Neighborhood : COTTONDALE

HOUSEHOLDS
1,664
POPULATION

4,140

21.1%Renters
78.9%Home Owners
LABOR FORCE

 

49.8%White Collar
50.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 30% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $877 per month.

MY RENT : $877 MEDIAN RENT : $730

Rent % Distribution LEVEL
$500-699 35.4%
$700-899 39.5%
$900-999 9.5%
$1,000-1,499 15.7%
>=$1,500 0.0%
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 $877 would therefore be considered affordable for annual household incomes greater than $35,080 (12 months x 3.333 x $877).

Rent % Affordability
Above $500 73.9%
Above $700 61.3%
Above $1,100 41.8%
Above $1,500 26.8%
Above $1,900 16.0%
HOUSEHOLD INCOME RANGE

Approximately 626 of households in this neighborhood have a total annual income of $35,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $877 per month.

MINIMUM INCOME RANGE : $35,080

Income % Distribution
<$20K 26.1%
$20K-$35K 21.1%
$35K-$60K 26.1%
$60K-$100K 17.4%
>=$100K 9.4%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 4.8%
10-14 mins 17.2%
15-19 mins 18.8%
20-29 mins 23.3%
30-44 mins 19.8%
45-59 mins 7.8%
>60 mins 7.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 30% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $877 per month.

MY RENT : $877 MEDIAN RENT : $730

Rent % Distribution
$500-699 35.4%
$700-899 39.5%
$900-999 9.5%
$1,000-1,499 15.7%
>=$1,500 0.0%
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 $877 would therefore be considered affordable for annual household incomes greater than $35,080 (12 months x 3.333 x $877).

Rent % Affordability
Above $500 73.9%
Above $700 61.3%
Above $1,100 41.8%
Above $1,500 26.8%
Above $1,900 16.0%
HOUSEHOLD INCOME RANGE

Approximately 626 of households in this neighborhood have a total annual income of $35,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $877 per month.

MINIMUM INCOME RANGE : $35,080

Income % Distribution
<$20K 26.1%
$20K-$35K 21.1%
$35K-$60K 26.1%
$60K-$100K 17.4%
>=$100K 9.4%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 4.8%
10-14 mins 17.2%
15-19 mins 18.8%
20-29 mins 23.3%
30-44 mins 19.8%
45-59 mins 7.8%
>60 mins 7.5%
COTTONDALE Demographics
INDUSTRY

           

Industry % Distribution
Construction 9.5%
Educational Services 9.6%
Health Care & Social Assistance 15.4%
Public Administration 9.9%
Retail & Wholesale Trader 17.1%
Transportation 9.5%
Other 28.9%
OCCUPATION

           

Occupation % Distribution
Healthcare 12.2%
Management, Business, & Financial 9.8%
Natural Resources Maintenance 15.3%
Production & Transportation 12.3%
Protect 6.3%
Sales & Office 27.1%
Other 16.9%
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 19.1%
15-19 5.0%
20-24 4.2%
25-44 23.4%
45-65 28.1%
66+ 20.2%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 5.9%
High School 41.9%
Masters Degree 2.7%
Some College 22.7%
Some High School 19.3%
Other 7.6%

COTTONDALE Demographics

INDUSTRY

Industry % Distribution
Construction 9.5%
Educational Services 9.6%
Health Care & Social Assistance 15.4%
Public Administration 9.9%
Retail & Wholesale Trader 17.1%
Transportation 9.5%
Other 28.9%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 28% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 19.1%
15-19 5.0%
20-24 4.2%
25-44 23.4%
45-65 28.1%
66+ 20.2%
OCCUPATION

Occupation % Distribution
Healthcare 12.2%
Management, Business, & Financial 9.8%
Natural Resources Maintenance 15.3%
Production & Transportation 12.3%
Protect 6.3%
Sales & Office 27.1%
Other 16.9%
HIGHEST EDUCATION LEVEL

10% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.9%
High School 41.9%
Masters Degree 2.7%
Some College 22.7%
Some High School 19.3%
Other 7.6%

2016 Mill Rd Comps

Sorry, we do not have sufficient data available.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , JACKSON County , or the 32431 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Browse other real estate investments on Mill Rd

  1. 1990 Mill Rd
  2. 1998 Mill Rd
  3. 2008 Mill Rd
  4. 2012 Mill Rd
  5. 2016 Mill Rd
  6. 2020 Mill Rd
  7. 2038 Mill Rd
  8. 2044 Mill Rd
  9. 2050 Mill Rd
  10. 2124 Mill Rd
  11. 2161 Mill Rd
  12. 2171 Mill Rd
  13. 2174 Mill Rd
  14. 2186 Mill Rd
  15. 2192 Mill Rd
  16. 2205 Mill Rd
  17. 2214 Mill Rd
  18. 2222 Mill Rd
  19. 2241 Mill Rd
  20. 2244 Mill Rd
  21. 2247 Mill Rd
  22. Mill Rd
  23. Mill Rd

Similar Investment Properties By Bed/Bath within 2 miles

  1. 2883 Annie Bell Ln
  2. 2050 Mill Rd
  3. 2161 Mill Rd
  4. 1886 Mutual Rd
  5. 2867 Kynesville Rd
  6. 1870 Mutual Rd
  7. 2577 Alma Rd
  8. 2344 Martha Ln

Similar Investment Properties By List Price within 2 miles

  1. 2020 Mill Rd
  2. 2883 Annie Bell Ln
  3. 1998 Mill Rd
  4. 2050 Mill Rd
  5. 2081 Holley Timber Rd
  6. 2015 Holley Timber Rd
  7. 2898 Colt Rd
  8. 2192 Mill Rd
  9. 2157 Bethlehem Rd
  10. 2177 Bethlehem Rd
  11. 2137 Morris Rd
  12. 1880 Dallas Rd
  13. 2156 Bethlehem Rd
  14. 2234 Wilimar Rd
  15. 2222 Mill Rd
  16. 2890 Gardenview Rd
  17. 2242 Wilimar Rd
  18. 2041 Bethlehem Rd
  19. 2252 Holley Timber Rd
  20. 2996 Five Points Rd

Nearest zipcodes within 2 miles

  1. 32420
Resources
Contact
866-250-5610 866-250-5610
INVESTMENT PROPERTIES BY STATE
equal-house black-seal
2100 Main Street, Suite #420, Irvine CA 92614 | Nationwide Mortgage Licensing System #1189576

Copyright (c) 2021. HomeUnion - Mynd Investor Services. All Rights Reserved.