INVESTimate
$112,081
Financial Details2221 Sue Ave PROPERTY INFO
FACTS
- Built In 1957
- Price/Sqft : $284.31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,335 sqft
- Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
2221 Sue Ave, Orlando, FL 32803 is a single family home of 1,335 sqft. HomeUnion estimate for 2221 Sue Ave includes a Price Estimate of $379,551 and a Rent Estimate of $1,822. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1957. This property has an estimated 15 year annualized Yield of 5.76% and Total Return of 21.91%. The estimated 1 year forecast in home value for 2221 Sue Ave is 8.29%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
2221 Sue Ave SCHOOLS
Financial Details
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Merritt Park
Neighborhood : Merritt Park
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 $1,822 per month.
MY RENT : $1,822 MEDIAN RENT : $2,726
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 $1,822 would therefore be considered affordable for annual household incomes greater than $72,880 (12 months x 3.333 x $1,822).
HOUSEHOLD INCOME RANGE
Approximately 42 of households in this neighborhood have a total annual income of $72,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,822 per month.
MINIMUM INCOME RANGE : $72,880
COMMUTE TIME DISTRIBUTION
56% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.
Merritt Park Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Educational Services | 14.0% |
| Financial Industries | 11.6% |
| Health Care & Social Assistance | 14.0% |
| Professional & Scientific Tech Services | 14.0% |
| Real Estate | 8.1% |
| Retail & Wholesale Trader | 10.5% |
| Other | 27.9% |
AGE DISTRIBUTION
56% of the population is between the ages of 25 and 64, 23% is 24 or younger and 21% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 16.8% |
| 15-19 | 5.6% |
| 20-24 | 0.6% |
| 25-44 | 22.4% |
| 45-65 | 33.5% |
| 66+ | 21.1% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 7.6% |
| Construction | 10.6% |
| Legal | 9.1% |
| Management, Business, & Financial | 28.8% |
| Production & Transportation | 7.6% |
| Sales & Office | 15.2% |
| Other | 21.2% |
HIGHEST EDUCATION LEVEL
36% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.7% |
| High School | 12.1% |
| Masters Degree | 19.4% |
| Professional | 7.3% |
| Some College | 4.8% |
| Other | 46.8% |
2221 Sue Ave Comps
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