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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 about INVESTimate

216 Royal Palm Way Belle Glade, FL 33430

0 Beds 2 Baths 2,585 sqft Built 1963
Last updated:  Dec 26, 2019

INVESTimate

$206,442

$196K - $217K

Price Est.

$1,811

$1.5K - $2.1K

Rent Est.

$223,577  ( +8.3%)   1 YR EST. FORECAST
  
  
  

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216 Royal Palm Way PROPERTY INFO

FACTS
  • Built In 1963
  • Price/Sqft : $79.86
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,585 sqft
  • Baths : 2 Full

216 Royal Palm Way SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GLADE VIEW ELEMENTARY SCHOOL Primary Regular 373 26 2
LAKE SHORE MIDDLE SCHOOL Middle Magnet 679 41 2
GLADES CENTRAL COMMUNITY HIGH SCHOOL High Magnet 1,056 64 2

GLADE VIEW ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 373
  • # of teachers: 26
2
GreatSchools Rating

LAKE SHORE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 679
  • # of teachers: 41
2
GreatSchools Rating

GLADES CENTRAL COMMUNITY HIGH SCHOOL

  • Education Level: High
  • # of students: 1,056
  • # of teachers: 64
2
GreatSchools Rating
 

Financial Details

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Neighborhood

Indianmound Park

  • 74

    POPULATION
  • 22

    HOUSEHOLDS
  • 31.7%

    WHITE COLLAR

Neighborhood : Indianmound Park

HOUSEHOLDS
22
POPULATION

74

35.3%Renters
64.7%Home Owners
LABOR FORCE

 

31.7%White Collar
68.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 61% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,811 per month.

MY RENT : $1,811 MEDIAN RENT : $1,716

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 39.1%
>=$1,500 60.9%
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 $1,811 would therefore be considered affordable for annual household incomes greater than $72,440 (12 months x 3.333 x $1,811).

Rent % Affordability
Above $500 83.3%
Above $700 71.1%
Above $1,100 42.2%
Above $1,500 27.8%
Above $1,900 21.6%
HOUSEHOLD INCOME RANGE

Approximately 2 of households in this neighborhood have a total annual income of $72,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,811 per month.

MINIMUM INCOME RANGE : $72,440

Income % Distribution
<$20K 16.7%
$20K-$35K 27.8%
$35K-$60K 27.8%
$60K-$100K 22.2%
>=$100K 5.6%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 16.7%
10-14 mins 16.7%
15-19 mins 12.5%
20-29 mins 12.5%
30-44 mins 12.5%
45-59 mins 16.7%
>60 mins 12.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 61% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,811 per month.

MY RENT : $1,811 MEDIAN RENT : $1,716

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 39.1%
>=$1,500 60.9%
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 $1,811 would therefore be considered affordable for annual household incomes greater than $72,440 (12 months x 3.333 x $1,811).

Rent % Affordability
Above $500 83.3%
Above $700 71.1%
Above $1,100 42.2%
Above $1,500 27.8%
Above $1,900 21.6%
HOUSEHOLD INCOME RANGE

Approximately 2 of households in this neighborhood have a total annual income of $72,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,811 per month.

MINIMUM INCOME RANGE : $72,440

Income % Distribution
<$20K 16.7%
$20K-$35K 27.8%
$35K-$60K 27.8%
$60K-$100K 22.2%
>=$100K 5.6%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 16.7%
10-14 mins 16.7%
15-19 mins 12.5%
20-29 mins 12.5%
30-44 mins 12.5%
45-59 mins 16.7%
>60 mins 12.5%

Indianmound Park Demographics

INDUSTRY

Industry % Distribution
Administrative Support 11.1%
Agriculture, Fishing & Game 22.2%
Health Care & Social Assistance 18.5%
Manufacturing 7.4%
Retail & Wholesale Trader 11.1%
Transportation 11.1%
Other 18.5%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 38% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 23.0%
15-19 5.4%
20-24 9.5%
25-44 28.4%
45-65 23.0%
66+ 10.8%
OCCUPATION

Occupation % Distribution
Construction 12.5%
Healthcare 4.2%
Natural Resources Maintenance 29.2%
PCare 4.2%
Production & Transportation 20.8%
Sales & Office 20.8%
Other 8.3%
HIGHEST EDUCATION LEVEL

7% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.8%
Doctorate 2.4%
High School 28.6%
Some College 14.3%
Some High School 38.1%
Other 11.9%

216 Royal Palm Way Comps

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216 Royal Palm Way, Belle Glade, FL 33430 is a single family home of 2,585 sqft. HomeUnion INVESTimateĀ® for 216 Royal Palm Way includes a Price Estimate of $206,442 and a Rent Estimate of $1,811. This single family home has 0 bedrooms,2 bathrooms, and was built in 1963. This property has an estimated 15 year annualized Yield of 10.53% and Total Return of 28.64%. The estimated 1 year forecast in home value for 216 Royal Palm Way is 8.3%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , PALM BEACH County , or the 33430 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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