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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

240 Oak Ave Anna Maria, FL 34216

4 Beds 4 Baths 2,724 sqft Built 2007
Last updated:  Dec 26, 2019

INVESTimate

$2,014,734

$1.88M - $2.15M

Price Est.

$4,280

$3.8K - $4.7K

Rent Est.

$2,160,802  ( +7.25%)   1 YR EST. FORECAST
  
  
  

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240 Oak Ave PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $739.62
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,724 sqft
  • Baths : 3 Full 1 Half

240 Oak Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ANNA MARIA ELEMENTARY SCHOOL Primary Regular 286 20 9
KING MIDDLE SCHOOL Middle Regular 1,140 66 5
MANATEE HIGH SCHOOL High Regular 2,283 103 6

ANNA MARIA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 286
  • # of teachers: 20
9
GreatSchools Rating

KING MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,140
  • # of teachers: 66
5
GreatSchools Rating

MANATEE HIGH SCHOOL

  • Education Level: High
  • # of students: 2,283
  • # of teachers: 103
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Holmes Beach

  • 4,582

    POPULATION
  • 2,358

    HOUSEHOLDS
  • 64.5%

    WHITE COLLAR

Neighborhood : Holmes Beach

HOUSEHOLDS
2,358
POPULATION

4,582

24.0%Renters
76.0%Home Owners
LABOR FORCE

 

64.5%White Collar
35.5%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 $4,280 per month.

MY RENT : $4,280 MEDIAN RENT : $2,533

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 $4,280 would therefore be considered affordable for annual household incomes greater than $171,200 (12 months x 3.333 x $4,280).

Rent % Affordability
Above $500 82.7%
Above $700 74.1%
Above $1,100 59.9%
Above $1,500 44.0%
Above $1,900 33.1%
HOUSEHOLD INCOME RANGE

Approximately 195 of households in this neighborhood have a total annual income of $171,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,280 per month.

MINIMUM INCOME RANGE : $171,200

Income % Distribution
<$20K 17.3%
$20K-$35K 16.7%
$35K-$60K 21.9%
$60K-$100K 17.8%
>=$100K 26.3%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 51% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.5%
5-9 mins 34.0%
10-14 mins 8.7%
15-19 mins 8.4%
20-29 mins 18.6%
30-44 mins 15.2%
45-59 mins 3.2%
>60 mins 3.5%
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 $4,280 per month.

MY RENT : $4,280 MEDIAN RENT : $2,533

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 $4,280 would therefore be considered affordable for annual household incomes greater than $171,200 (12 months x 3.333 x $4,280).

Rent % Affordability
Above $500 82.7%
Above $700 74.1%
Above $1,100 59.9%
Above $1,500 44.0%
Above $1,900 33.1%
HOUSEHOLD INCOME RANGE

Approximately 195 of households in this neighborhood have a total annual income of $171,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,280 per month.

MINIMUM INCOME RANGE : $171,200

Income % Distribution
<$20K 17.3%
$20K-$35K 16.7%
$35K-$60K 21.9%
$60K-$100K 17.8%
>=$100K 26.3%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 51% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.5%
5-9 mins 34.0%
10-14 mins 8.7%
15-19 mins 8.4%
20-29 mins 18.6%
30-44 mins 15.2%
45-59 mins 3.2%
>60 mins 3.5%

Holmes Beach Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 29.2%
Construction 6.4%
Health Care & Social Assistance 11.6%
Manufacturing 5.8%
Professional & Scientific Tech Services 6.3%
Retail & Wholesale Trader 14.8%
Other 25.9%
AGE DISTRIBUTION

45% of the population is between the ages of 25 and 64, 9% is 24 or younger and 46% is 65 or older.

Age % Distribution
<15 4.9%
15-19 2.3%
20-24 1.8%
25-44 11.0%
45-65 34.1%
66+ 45.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.0%
Education 21.0%
Healthcare 8.9%
Management, Business, & Financial 19.5%
Production & Transportation 9.8%
Sales & Office 22.4%
Other 14.5%
HIGHEST EDUCATION LEVEL

30% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.4%
High School 22.9%
Masters Degree 12.4%
Professional 4.1%
Some College 20.7%
Other 29.5%

240 Oak Ave Comps

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240 Oak Ave, Anna Maria, FL 34216 is a single family home of 2,724 sqft. HomeUnion INVESTimateĀ® for 240 Oak Ave includes a Price Estimate of $2,014,734 and a Rent Estimate of $4,280. This single family home has 4 bedrooms,4 bathrooms, and was built in 2007. This property has an estimated 15 year annualized Yield of 2.55% and Total Return of 10.77%. The estimated 1 year forecast in home value for 240 Oak Ave is 7.25%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , MANATEE County , or the 34216 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 34217