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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

2275 Shore Ln Boca Grande, FL 33921

3 Beds 3 Baths 3,962 sqft Built 1971
Last updated:  Jan 23, 2020

INVESTimate

$4,140,771

$3.73M - $4.55M

Price Est.

$5,281

$4.5K - $6.1K

Rent Est.

$4,455,884  ( +7.61%)   1 YR EST. FORECAST
  
  
  

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2275 Shore Ln PROPERTY INFO

FACTS
  • Built In 1971
  • Price/Sqft : $1,045.12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,962 sqft
  • Baths : 3 Full

2275 Shore Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
TROPIC ISLES ELEMENTARY SCHOOL Primary Regular 946 65 7
GULF MIDDLE SCHOOL Middle Regular 789 41 9
NORTH FORT MYERS HIGH SCHOOL High Magnet 1,628 81 8

TROPIC ISLES ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 946
  • # of teachers: 65
7
GreatSchools Rating

GULF MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 789
  • # of teachers: 41
9
GreatSchools Rating

NORTH FORT MYERS HIGH SCHOOL

  • Education Level: High
  • # of students: 1,628
  • # of teachers: 81
8
GreatSchools Rating
 

Financial Details

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Neighborhood

BOCA GRANDE

  • 1,047

    POPULATION
  • 400

    HOUSEHOLDS
  • 73.6%

    WHITE COLLAR

Neighborhood : BOCA GRANDE

HOUSEHOLDS
400
POPULATION

1,047

9.5%Renters
90.5%Home Owners
LABOR FORCE

 

73.6%White Collar
26.4%Blue Collar
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 $5,281 per month.

MY RENT : $5,281 MEDIAN RENT : $3,781

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $5,281 would therefore be considered affordable for annual household incomes greater than $211,240 (12 months x 3.333 x $5,281).

Rent % Affordability
Above $500 93.5%
Above $700 82.6%
Above $1,100 67.6%
Above $1,500 56.7%
Above $1,900 49.2%
HOUSEHOLD INCOME RANGE

Approximately 23 of households in this neighborhood have a total annual income of $211,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $5,281 per month.

MINIMUM INCOME RANGE : $211,240

Income % Distribution
<$20K 6.5%
$20K-$35K 18.4%
$35K-$60K 18.4%
$60K-$100K 18.6%
>=$100K 38.0%
COMMUTE TIME DISTRIBUTION

27% of the working population has a commute time of 15 to 44 minutes, 64% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.0%
5-9 mins 29.2%
10-14 mins 27.1%
15-19 mins 14.5%
20-29 mins 9.8%
30-44 mins 2.8%
45-59 mins 1.5%
>60 mins 7.1%
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 $5,281 per month.

MY RENT : $5,281 MEDIAN RENT : $3,781

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $5,281 would therefore be considered affordable for annual household incomes greater than $211,240 (12 months x 3.333 x $5,281).

Rent % Affordability
Above $500 93.5%
Above $700 82.6%
Above $1,100 67.6%
Above $1,500 56.7%
Above $1,900 49.2%
HOUSEHOLD INCOME RANGE

Approximately 23 of households in this neighborhood have a total annual income of $211,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $5,281 per month.

MINIMUM INCOME RANGE : $211,240

Income % Distribution
<$20K 6.5%
$20K-$35K 18.4%
$35K-$60K 18.4%
$60K-$100K 18.6%
>=$100K 38.0%
COMMUTE TIME DISTRIBUTION

27% of the working population has a commute time of 15 to 44 minutes, 64% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.0%
5-9 mins 29.2%
10-14 mins 27.1%
15-19 mins 14.5%
20-29 mins 9.8%
30-44 mins 2.8%
45-59 mins 1.5%
>60 mins 7.1%

BOCA GRANDE Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 15.6%
Arts & Entertainment 25.2%
Health Care & Social Assistance 5.7%
Information 6.7%
Retail & Wholesale Trader 18.0%
Transportation 6.2%
Other 22.7%
AGE DISTRIBUTION

43% of the population is between the ages of 25 and 64, 13% is 24 or younger and 43% is 65 or older.

Age % Distribution
<15 2.6%
15-19 6.9%
20-24 3.7%
25-44 25.8%
45-65 17.6%
66+ 43.5%
OCCUPATION

Occupation % Distribution
Healthcare 7.7%
Management, Business, & Financial 26.6%
Natural Resources Maintenance 17.5%
Production & Transportation 10.6%
Sales & Office 33.2%
Social 4.0%
Other 0.4%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.6%
High School 9.3%
Masters Degree 4.1%
Some College 29.4%
Some High School 5.9%
Other 37.7%

2275 Shore Ln Comps

Sorry, we do not have sufficient data available.

2275 Shore Ln, Boca Grande, FL 33921 is a single family home of 3,962 sqft. HomeUnion INVESTimateĀ® for 2275 Shore Ln includes a Price Estimate of $4,140,771 and a Rent Estimate of $5,281. This single family home has 3 bedrooms,3 bathrooms, and was built in 1971. This property has an estimated 15 year annualized Yield of 1.53% and Total Return of 9.53%. The estimated 1 year forecast in home value for 2275 Shore Ln is 7.61%.

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