INVESTimate
$135,355
2408 Corrine Dr PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $241.16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,938 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
2408 Corrine Dr, Orlando, FL 32803 is a single family home of 1,938 sqft. HomeUnion estimate for 2408 Corrine Dr includes a Price Estimate of $467,377 and a Rent Estimate of $2,296. This single family home has 3 bedrooms, 2 bathrooms, and was built in 2017. This property has an estimated 15 year annualized Yield of 5.90% and Total Return of 26.28%. The estimated 1 year forecast in home value for 2408 Corrine Dr is 10.07%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
2408 Corrine Dr SCHOOLS
Financial Details
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Audubon Park
Neighborhood : Audubon Park
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 83% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,296 per month.
MY RENT : $2,296 MEDIAN RENT : $1,736
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 $2,296 would therefore be considered affordable for annual household incomes greater than $91,840 (12 months x 3.333 x $2,296).
HOUSEHOLD INCOME RANGE
Approximately 224 of households in this neighborhood have a total annual income of $91,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,296 per month.
MINIMUM INCOME RANGE : $91,840
COMMUTE TIME DISTRIBUTION
63% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.
Audubon Park Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 11.3% |
Educational Services | 11.6% |
Financial Industries | 7.1% |
Health Care & Social Assistance | 12.3% |
Professional & Scientific Tech Services | 15.2% |
Retail & Wholesale Trader | 14.5% |
Other | 28.1% |
AGE DISTRIBUTION
70% of the population is between the ages of 25 and 64, 19% is 24 or younger and 10% is 65 or older.
Age | % Distribution |
---|---|
<15 | 13.5% |
15-19 | 3.3% |
20-24 | 2.6% |
25-44 | 41.7% |
45-65 | 28.7% |
66+ | 10.2% |
OCCUPATION
Occupation | % Distribution |
---|---|
Adesm | 9.3% |
Computer Engineering | 8.0% |
Construction | 5.2% |
Management, Business, & Financial | 20.6% |
Natural Resources Maintenance | 6.3% |
Sales & Office | 27.6% |
Other | 23.1% |
HIGHEST EDUCATION LEVEL
28% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 10.3% |
High School | 12.3% |
Masters Degree | 13.9% |
Professional | 3.5% |
Some College | 21.1% |
Other | 38.9% |
2408 Corrine Dr Comps
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