Financial Details208 Palmetto Ave PROPERTY INFO
FACTS
- Built In 1986
- Price/Sqft : $820.26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,232 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
208 Palmetto Ave, Anna Maria, FL 34216 is a single family home of 1,232 sqft. HomeUnion estimate for 208 Palmetto Ave includes a Price Estimate of $1,010,565 and a Rent Estimate of $2,745. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1986. This property has an estimated 15 year annualized Yield of 3.26% and Total Return of 14.99%. The estimated 1 year forecast in home value for 208 Palmetto Ave is 8.07%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
208 Palmetto Ave SCHOOLS
Financial Details
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Anna Maria
Neighborhood : Anna Maria
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,745 per month.
MY RENT : $2,745 MEDIAN RENT : $3,088
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 $2,745 would therefore be considered affordable for annual household incomes greater than $109,800 (12 months x 3.333 x $2,745).
HOUSEHOLD INCOME RANGE
Approximately 56 of households in this neighborhood have a total annual income of $109,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,745 per month.
MINIMUM INCOME RANGE : $109,800
COMMUTE TIME DISTRIBUTION
55% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.
Anna Maria Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 12.4% |
| Health Care & Social Assistance | 10.6% |
| Professional & Scientific Tech Services | 17.1% |
| Real Estate | 10.6% |
| Retail & Wholesale Trader | 8.8% |
| Transportation | 7.4% |
| Other | 33.2% |
AGE DISTRIBUTION
39% of the population is between the ages of 25 and 64, 14% is 24 or younger and 48% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 4.1% |
| 15-19 | 3.6% |
| 20-24 | 6.1% |
| 25-44 | 4.8% |
| 45-65 | 33.7% |
| 66+ | 47.6% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 6.5% |
| Computer Engineering | 8.9% |
| Management, Business, & Financial | 25.4% |
| Natural Resources Maintenance | 8.1% |
| Production & Transportation | 8.1% |
| Sales & Office | 29.4% |
| Other | 13.7% |
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 | 9.0% |
| Doctorate | 3.7% |
| High School | 27.5% |
| Masters Degree | 14.5% |
| Some College | 16.4% |
| Other | 28.9% |
208 Palmetto Ave Comps
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