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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

21624 Southwood Dr Lutz, FL 33549

3 Beds 2 Baths 1,470 sqft Built 1977
Last updated:  Dec 26, 2019

INVESTimate

$228,511

$220K - $237K

Price Est.

$1,389

$1.3K - $1.5K

Rent Est.

$244,347  ( +6.93%)   1 YR EST. FORECAST
  
  
  

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21624 Southwood Dr PROPERTY INFO

FACTS
  • Built In 1977
  • Price/Sqft : $155.45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,470 sqft
  • Baths : 2 Full

21624 Southwood Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LAKE MYRTLE ELEMENTARY SCHOOL Primary Regular 741 53 6
CHARLES S. RUSHE MIDDLE SCHOOL Middle Regular 1,289 73 8
SUNLAKE HIGH SCHOOL High Regular 1,570 82 7

LAKE MYRTLE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 741
  • # of teachers: 53
6
GreatSchools Rating

CHARLES S. RUSHE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,289
  • # of teachers: 73
8
GreatSchools Rating

SUNLAKE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,570
  • # of teachers: 82
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Foxwood

  • 216

    POPULATION
  • 84

    HOUSEHOLDS
  • 80.5%

    WHITE COLLAR

Neighborhood : Foxwood

HOUSEHOLDS
84
POPULATION

216

15.0%Renters
85.0%Home Owners
LABOR FORCE

 

80.5%White Collar
19.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,389 per month.

MY RENT : $1,389 MEDIAN RENT : $1,372

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.5%
$1,000-1,499 91.9%
>=$1,500 7.6%
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 $1,389 would therefore be considered affordable for annual household incomes greater than $55,560 (12 months x 3.333 x $1,389).

Rent % Affordability
Above $500 81.4%
Above $700 74.4%
Above $1,100 60.2%
Above $1,500 40.7%
Above $1,900 28.7%
HOUSEHOLD INCOME RANGE

Approximately 37 of households in this neighborhood have a total annual income of $55,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,389 per month.

MINIMUM INCOME RANGE : $55,560

Income % Distribution
<$20K 18.6%
$20K-$35K 10.5%
$35K-$60K 30.2%
$60K-$100K 22.1%
>=$100K 18.6%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.0%
10-14 mins 12.9%
15-19 mins 12.9%
20-29 mins 21.5%
30-44 mins 36.6%
45-59 mins 14.0%
>60 mins 2.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,389 per month.

MY RENT : $1,389 MEDIAN RENT : $1,372

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.5%
$1,000-1,499 91.9%
>=$1,500 7.6%
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 $1,389 would therefore be considered affordable for annual household incomes greater than $55,560 (12 months x 3.333 x $1,389).

Rent % Affordability
Above $500 81.4%
Above $700 74.4%
Above $1,100 60.2%
Above $1,500 40.7%
Above $1,900 28.7%
HOUSEHOLD INCOME RANGE

Approximately 37 of households in this neighborhood have a total annual income of $55,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,389 per month.

MINIMUM INCOME RANGE : $55,560

Income % Distribution
<$20K 18.6%
$20K-$35K 10.5%
$35K-$60K 30.2%
$60K-$100K 22.1%
>=$100K 18.6%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.0%
10-14 mins 12.9%
15-19 mins 12.9%
20-29 mins 21.5%
30-44 mins 36.6%
45-59 mins 14.0%
>60 mins 2.2%

Foxwood Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.8%
Educational Services 8.8%
Financial Industries 8.8%
Health Care & Social Assistance 7.8%
Professional & Scientific Tech Services 9.8%
Retail & Wholesale Trader 16.7%
Other 38.2%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 20% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 13.4%
15-19 3.2%
20-24 3.2%
25-44 25.0%
45-65 34.3%
66+ 20.8%
OCCUPATION

Occupation % Distribution
Adesm 13.8%
Construction 7.7%
Management, Business, & Financial 35.4%
Production & Transportation 4.6%
Protect 6.2%
Sales & Office 23.1%
Other 9.2%
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 11.7%
Doctorate 1.2%
High School 12.3%
Masters Degree 16.0%
Some College 34.0%
Other 24.7%

21624 Southwood Dr Comps

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21624 Southwood Dr, Lutz, FL 33549 is a single family home of 1,470 sqft. HomeUnion INVESTimateĀ® for 21624 Southwood Dr includes a Price Estimate of $228,511 and a Rent Estimate of $1,389. This single family home has 3 bedrooms,2 bathrooms, and was built in 1977. This property has an estimated 15 year annualized Yield of 7.29% and Total Return of 22.78%. The estimated 1 year forecast in home value for 21624 Southwood Dr is 6.93%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , PASCO County , or the 33549 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 33548
  2. 33558
  3. 34639
  4. 34638
  5. 33559