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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.

2040 Palm Ln Orlando, FL 32803

3 Beds 2 Baths 2,081 sqft Built 1950
Last updated:  Nov 28, 2019

INVESTimate

$441,121

$412K - $471K

Price Est.

$2,491

$2.3K - $2.6K

Rent Est.

$477,690  ( +8.29%)   1 YR EST. FORECAST

2040 Palm Ln PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $211.98
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,081 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
2040 Palm Ln, Orlando, FL 32803 is a single family home of 2,081 sqft. HomeUnion estimate for 2040 Palm Ln includes a Price Estimate of $441,121 and a Rent Estimate of $2,491. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 6.78% and Total Return of 24.71%. The estimated 1 year forecast in home value for 2040 Palm Ln is 8.29%.
  
  
  

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2040 Palm Ln 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

Lake Sue Park

  • 157

    POPULATION
  • 62

    HOUSEHOLDS
  • 80.6%

    WHITE COLLAR

Neighborhood : Lake Sue Park

HOUSEHOLDS
62
POPULATION

157

24.6%Renters
75.4%Home Owners
LABOR FORCE

 

80.6%White Collar
19.4%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 $2,491 per month.

MY RENT : $2,491 MEDIAN RENT : $2,331

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.8%
>=$1,500 98.2%
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 $2,491 would therefore be considered affordable for annual household incomes greater than $99,640 (12 months x 3.333 x $2,491).

Rent % Affordability
Above $500 90.0%
Above $700 77.3%
Above $1,100 70.0%
Above $1,500 65.0%
Above $1,900 59.2%
HOUSEHOLD INCOME RANGE

Approximately 24 of households in this neighborhood have a total annual income of $99,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,491 per month.

MINIMUM INCOME RANGE : $99,640

Income % Distribution
<$20K 10.0%
$20K-$35K 16.7%
$35K-$60K 8.3%
$60K-$100K 25.0%
>=$100K 40.0%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 2.7%
10-14 mins 25.7%
15-19 mins 29.7%
20-29 mins 23.0%
30-44 mins 17.6%
45-59 mins 1.4%
>60 mins 0.0%
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 $2,491 per month.

MY RENT : $2,491 MEDIAN RENT : $2,331

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.8%
>=$1,500 98.2%
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 $2,491 would therefore be considered affordable for annual household incomes greater than $99,640 (12 months x 3.333 x $2,491).

Rent % Affordability
Above $500 90.0%
Above $700 77.3%
Above $1,100 70.0%
Above $1,500 65.0%
Above $1,900 59.2%
HOUSEHOLD INCOME RANGE

Approximately 24 of households in this neighborhood have a total annual income of $99,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,491 per month.

MINIMUM INCOME RANGE : $99,640

Income % Distribution
<$20K 10.0%
$20K-$35K 16.7%
$35K-$60K 8.3%
$60K-$100K 25.0%
>=$100K 40.0%
COMMUTE TIME DISTRIBUTION

70% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 2.7%
10-14 mins 25.7%
15-19 mins 29.7%
20-29 mins 23.0%
30-44 mins 17.6%
45-59 mins 1.4%
>60 mins 0.0%

Lake Sue Park Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 16.2%
Educational Services 12.5%
Information 7.5%
Professional & Scientific Tech Services 16.2%
Real Estate 7.5%
Retail & Wholesale Trader 11.2%
Other 28.8%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 33% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 25.5%
15-19 6.4%
20-24 1.3%
25-44 23.6%
45-65 29.3%
66+ 14.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.1%
Management, Business, & Financial 27.3%
Natural Resources Maintenance 7.6%
PCare 7.6%
Production & Transportation 7.6%
Sales & Office 16.7%
Other 24.2%
HIGHEST EDUCATION LEVEL

31% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 14.6%
High School 15.5%
Masters Degree 7.8%
Professional 8.7%
Some College 9.7%
Other 43.7%

2040 Palm Ln Comps

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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

Nearest zipcodes within 2 miles

  1. 32789
  2. 32814
  3. 32804
  4. 32792
  5. 32801