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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

2293 Ne County Road 255 Lee, FL 32059

0 Beds 2 Baths 1,785 sqft Built 1994
Last updated:  Dec 26, 2019

INVESTimate

$136,067

$129K - $144K

Price Est.

$1,231

$1.0K - $1.4K

Rent Est.

$130,447  ( -4.13%)   1 YR EST. FORECAST
  
  
  

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2293 Ne County Road 255 PROPERTY INFO

FACTS
  • Built In 1994
  • Price/Sqft : $76.23
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,785 sqft
  • Baths : 2 Full

2293 Ne County Road 255 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LEE ELEMENTARY SCHOOL Primary Regular 226 13 NA
MADISON COUNTY CENTRAL SCHOOL Middle Regular 1,212 73 NA
MADISON COUNTY HIGH SCHOOL High Regular 683 36 NA

LEE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 226
  • # of teachers: 13
-1
GreatSchools Rating

MADISON COUNTY CENTRAL SCHOOL

  • Education Level: Middle
  • # of students: 1,212
  • # of teachers: 73
-1
GreatSchools Rating

MADISON COUNTY HIGH SCHOOL

  • Education Level: High
  • # of students: 683
  • # of teachers: 36
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

LEE

  • 2,399

    POPULATION
  • 950

    HOUSEHOLDS
  • 50.8%

    WHITE COLLAR

Neighborhood : LEE

HOUSEHOLDS
950
POPULATION

2,399

18.7%Renters
81.3%Home Owners
LABOR FORCE

 

50.8%White Collar
49.2%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 $1,231 per month.

MY RENT : $1,231 MEDIAN RENT : $973

Rent % Distribution LEVEL
$500-699 0.2%
$700-899 37.4%
$900-999 15.0%
$1,000-1,499 41.4%
>=$1,500 6.1%
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 $1,231 would therefore be considered affordable for annual household incomes greater than $49,240 (12 months x 3.333 x $1,231).

Rent % Affordability
Above $500 66.4%
Above $700 58.1%
Above $1,100 46.9%
Above $1,500 31.5%
Above $1,900 23.3%
HOUSEHOLD INCOME RANGE

Approximately 335 of households in this neighborhood have a total annual income of $49,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,231 per month.

MINIMUM INCOME RANGE : $49,240

Income % Distribution
<$20K 33.6%
$20K-$35K 14.0%
$35K-$60K 20.9%
$60K-$100K 18.3%
>=$100K 13.2%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.9%
5-9 mins 7.8%
10-14 mins 10.2%
15-19 mins 21.7%
20-29 mins 14.2%
30-44 mins 21.5%
45-59 mins 17.6%
>60 mins 4.1%
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 $1,231 per month.

MY RENT : $1,231 MEDIAN RENT : $973

Rent % Distribution
$500-699 0.2%
$700-899 37.4%
$900-999 15.0%
$1,000-1,499 41.4%
>=$1,500 6.1%
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 $1,231 would therefore be considered affordable for annual household incomes greater than $49,240 (12 months x 3.333 x $1,231).

Rent % Affordability
Above $500 66.4%
Above $700 58.1%
Above $1,100 46.9%
Above $1,500 31.5%
Above $1,900 23.3%
HOUSEHOLD INCOME RANGE

Approximately 335 of households in this neighborhood have a total annual income of $49,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,231 per month.

MINIMUM INCOME RANGE : $49,240

Income % Distribution
<$20K 33.6%
$20K-$35K 14.0%
$35K-$60K 20.9%
$60K-$100K 18.3%
>=$100K 13.2%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.9%
5-9 mins 7.8%
10-14 mins 10.2%
15-19 mins 21.7%
20-29 mins 14.2%
30-44 mins 21.5%
45-59 mins 17.6%
>60 mins 4.1%

LEE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.8%
Educational Services 9.9%
Health Care & Social Assistance 9.1%
Manufacturing 16.9%
Public Administration 10.2%
Retail & Wholesale Trader 15.1%
Other 28.0%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 31% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 21.0%
15-19 6.4%
20-24 3.2%
25-44 20.7%
45-65 27.9%
66+ 20.8%
OCCUPATION

Occupation % Distribution
Construction 10.0%
Healthcare 4.9%
Management, Business, & Financial 10.2%
Natural Resources Maintenance 16.1%
Production & Transportation 21.1%
Sales & Office 23.1%
Other 14.7%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 15.8%
High School 41.0%
Masters Degree 0.7%
Some College 24.0%
Some High School 11.5%
Other 7.1%

2293 Ne County Road 255 Comps

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2293 Ne County Road 255, Lee, FL 32059 is a single family home of 1,785 sqft. HomeUnion INVESTimateĀ® for 2293 Ne County Road 255 includes a Price Estimate of $136,067 and a Rent Estimate of $1,231. This single family home has 0 bedrooms,2 bathrooms, and was built in 1994. This property has an estimated 15 year annualized Yield of 10.86% and Total Return of 4.80%. The estimated 1 year forecast in home value for 2293 Ne County Road 255 is -4.13%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , MADISON County , or the 32059 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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