Financial Details220 Ocean Blvd PROPERTY INFO
FACTS
- Built In 1983
- Price/Sqft : $567.85
CONSTRUCTION
- Beds : 3
- Floor Size : 3,387 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
220 Ocean Blvd, Golden Beach, FL 33160 is a single family home of 3,387 sqft. HomeUnion estimate for 220 Ocean Blvd includes a Price Estimate of $1,923,316 and a Rent Estimate of $8,296. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1983. This property has an estimated 15 year annualized Yield of 5.18% and Total Return of 32.04%. The estimated 1 year forecast in home value for 220 Ocean Blvd is 12.72%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
220 Ocean Blvd SCHOOLS
Financial Details
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Golden Beach
Neighborhood : Golden Beach
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 $8,296 per month.
MY RENT : $8,296 MEDIAN RENT : $21,281
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 $8,296 would therefore be considered affordable for annual household incomes greater than $331,840 (12 months x 3.333 x $8,296).
HOUSEHOLD INCOME RANGE
Approximately -45 of households in this neighborhood have a total annual income of $331,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $8,296 per month.
MINIMUM INCOME RANGE : $331,840
COMMUTE TIME DISTRIBUTION
50% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.
Golden Beach Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Financial Industries | 7.2% |
| Health Care & Social Assistance | 13.3% |
| Manufacturing | 7.6% |
| Professional & Scientific Tech Services | 21.3% |
| Real Estate | 8.4% |
| Retail & Wholesale Trader | 18.5% |
| Other | 23.7% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 36% is 24 or younger and 14% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 18.3% |
| 15-19 | 14.2% |
| 20-24 | 3.6% |
| 25-44 | 12.4% |
| 45-65 | 37.2% |
| 66+ | 14.2% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 4.8% |
| Construction | 7.0% |
| Healthcare | 14.4% |
| Legal | 9.6% |
| Management, Business, & Financial | 35.3% |
| Sales & Office | 21.9% |
| Other | 7.0% |
HIGHEST EDUCATION LEVEL
41% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| High School | 7.5% |
| Masters Degree | 16.3% |
| Professional | 17.6% |
| Some College | 14.5% |
| Some High School | 7.9% |
| Other | 36.3% |
220 Ocean Blvd Comps
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