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This page contains information about each property aggregated from public data sources, 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.

2344 Martha Ln Cottondale, FL 32431

3 Beds 3 Baths 2,297 sqft Built 2010
Last updated:  Jan 23, 2020

INVESTimate

$196,769

$188K - $206K

Price Est.

$1,106

958 - $1.3K

Rent Est.

$199,780  ( +1.53%)   1 YR EST. FORECAST

2344 Martha Ln PROPERTY INFO

FACTS
  • Built In 2010
  • Price/Sqft : $85.66
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,297 sqft
  • Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
2344 Martha Ln, Cottondale, FL 32431 is a single family home of 2,297 sqft. HomeUnion estimate for 2344 Martha Ln includes a Price Estimate of $196,769 and a Rent Estimate of $1,106. This single family home has 3 bedrooms, 3 bathrooms, and was built in 2010. This property has an estimated 15 year annualized Yield of 6.74% and Total Return of 9.28%. The estimated 1 year forecast in home value for 2344 Martha Ln is 1.53%.
  
  
  

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2344 Martha Ln SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

COTTONDALE

  • 4,140

    POPULATION
  • 1,664

    HOUSEHOLDS
  • 49.8%

    WHITE COLLAR

Neighborhood : COTTONDALE

HOUSEHOLDS
1,664
POPULATION

4,140

21.1%Renters
78.9%Home Owners
LABOR FORCE

 

49.8%White Collar
50.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 12% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,106 per month.

MY RENT : $1,106 MEDIAN RENT : $730

Rent % Distribution LEVEL
$500-699 35.4%
$700-899 39.5%
$900-999 9.5%
$1,000-1,499 15.7%
>=$1,500 0.0%
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 $1,106 would therefore be considered affordable for annual household incomes greater than $44,240 (12 months x 3.333 x $1,106).

Rent % Affordability
Above $500 73.9%
Above $700 61.3%
Above $1,100 41.8%
Above $1,500 26.8%
Above $1,900 16.0%
HOUSEHOLD INCOME RANGE

Approximately 560 of households in this neighborhood have a total annual income of $44,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,106 per month.

MINIMUM INCOME RANGE : $44,240

Income % Distribution
<$20K 26.1%
$20K-$35K 21.1%
$35K-$60K 26.1%
$60K-$100K 17.4%
>=$100K 9.4%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 4.8%
10-14 mins 17.2%
15-19 mins 18.8%
20-29 mins 23.3%
30-44 mins 19.8%
45-59 mins 7.8%
>60 mins 7.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 12% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,106 per month.

MY RENT : $1,106 MEDIAN RENT : $730

Rent % Distribution
$500-699 35.4%
$700-899 39.5%
$900-999 9.5%
$1,000-1,499 15.7%
>=$1,500 0.0%
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 $1,106 would therefore be considered affordable for annual household incomes greater than $44,240 (12 months x 3.333 x $1,106).

Rent % Affordability
Above $500 73.9%
Above $700 61.3%
Above $1,100 41.8%
Above $1,500 26.8%
Above $1,900 16.0%
HOUSEHOLD INCOME RANGE

Approximately 560 of households in this neighborhood have a total annual income of $44,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,106 per month.

MINIMUM INCOME RANGE : $44,240

Income % Distribution
<$20K 26.1%
$20K-$35K 21.1%
$35K-$60K 26.1%
$60K-$100K 17.4%
>=$100K 9.4%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 4.8%
10-14 mins 17.2%
15-19 mins 18.8%
20-29 mins 23.3%
30-44 mins 19.8%
45-59 mins 7.8%
>60 mins 7.5%

COTTONDALE Demographics

INDUSTRY

Industry % Distribution
Construction 9.5%
Educational Services 9.6%
Health Care & Social Assistance 15.4%
Public Administration 9.9%
Retail & Wholesale Trader 17.1%
Transportation 9.5%
Other 28.9%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 28% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 19.1%
15-19 5.0%
20-24 4.2%
25-44 23.4%
45-65 28.1%
66+ 20.2%
OCCUPATION

Occupation % Distribution
Healthcare 12.2%
Management, Business, & Financial 9.8%
Natural Resources Maintenance 15.3%
Production & Transportation 12.3%
Protect 6.3%
Sales & Office 27.1%
Other 16.9%
HIGHEST EDUCATION LEVEL

10% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.9%
High School 41.9%
Masters Degree 2.7%
Some College 22.7%
Some High School 19.3%
Other 7.6%

2344 Martha Ln Comps

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