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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

2394 Spruce Pl De Leon Springs, FL 32130

3 Beds 2 Baths 1,296 sqft Built 1980
Last updated:  Jan 23, 2020

INVESTimate

$240,713

$216K - $266K

Price Est.

$1,477

$1.3K - $1.6K

Rent Est.

$261,583  ( +8.67%)   1 YR EST. FORECAST
  
  
  

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2394 Spruce Pl PROPERTY INFO

FACTS
  • Built In 1980
  • Price/Sqft : $185.74
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,296 sqft
  • Baths : 2 Full

2394 Spruce Pl SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MCINNIS ELEMENTARY SCHOOL Primary Regular 395 36 4
T. DEWITT TAYLOR MIDDLE-HIGH SCHOOL Middle Regular 1,013 67 4
T. DEWITT TAYLOR MIDDLE-HIGH SCHOOL High Regular 1,013 67 4

MCINNIS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 395
  • # of teachers: 36
4
GreatSchools Rating

T. DEWITT TAYLOR MIDDLE-HIGH SCHOOL

  • Education Level: Middle
  • # of students: 1,013
  • # of teachers: 67
4
GreatSchools Rating

T. DEWITT TAYLOR MIDDLE-HIGH SCHOOL

  • Education Level: High
  • # of students: 1,013
  • # of teachers: 67
4
GreatSchools Rating
 

Financial Details

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Neighborhood

Tomoka Woods

  • 50

    POPULATION
  • 23

    HOUSEHOLDS
  • 65.1%

    WHITE COLLAR

Neighborhood : Tomoka Woods

HOUSEHOLDS
23
POPULATION

50

4.3%Renters
95.7%Home Owners
LABOR FORCE

 

65.1%White Collar
34.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,477 per month.

MY RENT : $1,477 MEDIAN RENT : $1,772

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 9.8%
>=$1,500 90.2%
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 $1,477 would therefore be considered affordable for annual household incomes greater than $59,080 (12 months x 3.333 x $1,477).

Rent % Affordability
Above $500 95.7%
Above $700 86.1%
Above $1,100 67.0%
Above $1,500 34.8%
Above $1,900 21.6%
HOUSEHOLD INCOME RANGE

Approximately 8 of households in this neighborhood have a total annual income of $59,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,477 per month.

MINIMUM INCOME RANGE : $59,080

Income % Distribution
<$20K 4.3%
$20K-$35K 21.7%
$35K-$60K 39.1%
$60K-$100K 17.4%
>=$100K 17.4%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.6%
5-9 mins 3.6%
10-14 mins 14.3%
15-19 mins 17.9%
20-29 mins 17.9%
30-44 mins 25.0%
45-59 mins 10.7%
>60 mins 7.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,477 per month.

MY RENT : $1,477 MEDIAN RENT : $1,772

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 9.8%
>=$1,500 90.2%
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 $1,477 would therefore be considered affordable for annual household incomes greater than $59,080 (12 months x 3.333 x $1,477).

Rent % Affordability
Above $500 95.7%
Above $700 86.1%
Above $1,100 67.0%
Above $1,500 34.8%
Above $1,900 21.6%
HOUSEHOLD INCOME RANGE

Approximately 8 of households in this neighborhood have a total annual income of $59,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,477 per month.

MINIMUM INCOME RANGE : $59,080

Income % Distribution
<$20K 4.3%
$20K-$35K 21.7%
$35K-$60K 39.1%
$60K-$100K 17.4%
>=$100K 17.4%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.6%
5-9 mins 3.6%
10-14 mins 14.3%
15-19 mins 17.9%
20-29 mins 17.9%
30-44 mins 25.0%
45-59 mins 10.7%
>60 mins 7.1%

Tomoka Woods Demographics

INDUSTRY

Industry % Distribution
Construction 10.7%
Educational Services 14.3%
Health Care & Social Assistance 10.7%
Manufacturing 14.3%
Real Estate 7.1%
Retail & Wholesale Trader 14.3%
Other 28.6%
AGE DISTRIBUTION

62% of the population is between the ages of 25 and 64, 22% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 14.0%
15-19 6.0%
20-24 2.0%
25-44 22.0%
45-65 40.0%
66+ 16.0%
OCCUPATION

Occupation % Distribution
Clean 13.0%
Construction 13.0%
Healthcare 8.7%
Management, Business, & Financial 17.4%
Natural Resources Maintenance 13.0%
Sales & Office 26.1%
Other 8.7%
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 14.6%
High School 26.8%
Professional 2.4%
Some College 31.7%
Some High School 9.8%
Other 14.6%

2394 Spruce Pl Comps

Sorry, we do not have sufficient data available.

2394 Spruce Pl, De Leon Springs, FL 32130 is a single family home of 1,296 sqft. HomeUnion INVESTimateĀ® for 2394 Spruce Pl includes a Price Estimate of $240,713 and a Rent Estimate of $1,477. This single family home has 3 bedrooms,2 bathrooms, and was built in 1980. This property has an estimated 15 year annualized Yield of 7.36% and Total Return of 24.32%. The estimated 1 year forecast in home value for 2394 Spruce Pl is 8.67%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , VOLUSIA County , or the 32130 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 32724