Financial Details203 Rue Caribe PROPERTY INFO
FACTS
- Built In 1991
- Price/Sqft : $277.38
CONSTRUCTION
- Beds : 3
- Floor Size : 2,088 sqft
- Baths : 3 Full
PROPERTY DESCRIPTION
203 Rue Caribe, Miramar Beach, FL 32550 is a single family home of 2,088 sqft. HomeUnion estimate for 203 Rue Caribe includes a Price Estimate of $579,174 and a Rent Estimate of $2,396. This single family home has 3 bedrooms, 3 bathrooms, and was built in 1991. This property has an estimated 15 year annualized Yield of 4.96% and Total Return of 15.18%. The estimated 1 year forecast in home value for 203 Rue Caribe is 4.95%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
203 Rue Caribe SCHOOLS
Financial Details
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MIRAMAR BEACH
Neighborhood : MIRAMAR BEACH
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,396 per month.
MY RENT : $2,396 MEDIAN RENT : $1,926
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 $2,396 would therefore be considered affordable for annual household incomes greater than $95,840 (12 months x 3.333 x $2,396).
HOUSEHOLD INCOME RANGE
Approximately 1,393 of households in this neighborhood have a total annual income of $95,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,396 per month.
MINIMUM INCOME RANGE : $95,840
COMMUTE TIME DISTRIBUTION
52% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.
MIRAMAR BEACH Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 18.7% |
| Health Care & Social Assistance | 8.0% |
| Professional & Scientific Tech Services | 10.0% |
| Real Estate | 11.3% |
| Retail & Wholesale Trader | 12.3% |
| Transportation | 6.1% |
| Other | 33.6% |
AGE DISTRIBUTION
51% of the population is between the ages of 25 and 64, 19% is 24 or younger and 30% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 13.0% |
| 15-19 | 2.2% |
| 20-24 | 4.1% |
| 25-44 | 21.0% |
| 45-65 | 29.6% |
| 66+ | 30.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 5.8% |
| Education | 9.0% |
| Management, Business, & Financial | 32.8% |
| Natural Resources Maintenance | 5.4% |
| Production & Transportation | 5.0% |
| Sales & Office | 23.0% |
| Other | 18.9% |
HIGHEST EDUCATION LEVEL
27% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 11.6% |
| Doctorate | 3.3% |
| High School | 13.3% |
| Masters Degree | 10.2% |
| Some College | 24.4% |
| Other | 37.2% |
203 Rue Caribe Comps
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