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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.

2024 Wesley Rd Cottondale, FL 32431

0 Beds 1 Baths 1,990 sqft Built 1961
Last updated:  Jan 23, 2020

INVESTimate

$148,730

$141K - $156K

Price Est.

$784

679 - 889

Rent Est.

$151,006  ( +1.53%)   1 YR EST. FORECAST

2024 Wesley Rd PROPERTY INFO

FACTS
  • Built In 1961
  • Price/Sqft : $74.74
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,990 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
2024 Wesley Rd, Cottondale, FL 32431 is a single family home of 1,990 sqft. HomeUnion estimate for 2024 Wesley Rd includes a Price Estimate of $148,730 and a Rent Estimate of $784. This single family home has 0 bedrooms, 1 bathrooms, and was built in 1961. This property has an estimated 15 year annualized Yield of 6.33% and Total Return of 8.78%. The estimated 1 year forecast in home value for 2024 Wesley Rd is 1.53%.
  
  
  

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2024 Wesley Rd SCHOOLS

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

Financial Details

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Neighborhood

COTTONDALE

  • 4,265

    POPULATION
  • 1,755

    HOUSEHOLDS
  • 51.3%

    WHITE COLLAR

Neighborhood : COTTONDALE

HOUSEHOLDS
1,755
POPULATION

4,265

25.0%Renters
75.0%Home Owners
LABOR FORCE

 

51.3%White Collar
48.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 48% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $784 per month.

MY RENT : $784 MEDIAN RENT : $731

Rent % Distribution LEVEL
$500-699 35.6%
$700-899 39.4%
$900-999 9.7%
$1,000-1,499 15.3%
>=$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 $784 would therefore be considered affordable for annual household incomes greater than $31,360 (12 months x 3.333 x $784).

Rent % Affordability
Above $500 75.5%
Above $700 63.7%
Above $1,100 44.5%
Above $1,500 29.0%
Above $1,900 18.6%
HOUSEHOLD INCOME RANGE

Approximately 4,332 of households in this neighborhood have a total annual income of $31,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $784 per month.

MINIMUM INCOME RANGE : $31,360

Income % Distribution
<$20K 24.5%
$20K-$35K 21.2%
$35K-$60K 25.4%
$60K-$100K 18.4%
>=$100K 10.5%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 22% 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 1.9%
5-9 mins 4.3%
10-14 mins 15.7%
15-19 mins 18.8%
20-29 mins 20.4%
30-44 mins 23.9%
45-59 mins 6.8%
>60 mins 8.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 48% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $784 per month.

MY RENT : $784 MEDIAN RENT : $731

Rent % Distribution
$500-699 35.6%
$700-899 39.4%
$900-999 9.7%
$1,000-1,499 15.3%
>=$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 $784 would therefore be considered affordable for annual household incomes greater than $31,360 (12 months x 3.333 x $784).

Rent % Affordability
Above $500 75.5%
Above $700 63.7%
Above $1,100 44.5%
Above $1,500 29.0%
Above $1,900 18.6%
HOUSEHOLD INCOME RANGE

Approximately 4,332 of households in this neighborhood have a total annual income of $31,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $784 per month.

MINIMUM INCOME RANGE : $31,360

Income % Distribution
<$20K 24.5%
$20K-$35K 21.2%
$35K-$60K 25.4%
$60K-$100K 18.4%
>=$100K 10.5%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 22% 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 1.9%
5-9 mins 4.3%
10-14 mins 15.7%
15-19 mins 18.8%
20-29 mins 20.4%
30-44 mins 23.9%
45-59 mins 6.8%
>60 mins 8.3%

COTTONDALE Demographics

INDUSTRY

Industry % Distribution
Construction 9.9%
Educational Services 8.3%
Health Care & Social Assistance 17.6%
Public Administration 8.8%
Retail & Wholesale Trader 19.1%
Transportation 8.3%
Other 28.0%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 28% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 18.5%
15-19 4.5%
20-24 5.0%
25-44 23.2%
45-65 27.3%
66+ 21.5%
OCCUPATION

Occupation % Distribution
Healthcare 9.5%
Management, Business, & Financial 10.8%
Natural Resources Maintenance 13.7%
Production & Transportation 12.2%
Protect 5.5%
Sales & Office 31.1%
Other 17.1%
HIGHEST EDUCATION LEVEL

9% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.7%
High School 43.4%
Masters Degree 2.4%
Some College 22.9%
Some High School 19.2%
Other 6.5%

2024 Wesley Rd Comps

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