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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

2635 Hwy 557 Lake Alfred, FL 33850

2 Beds 2 Baths 2,068 sqft Built 1990
Last updated:  Jan 23, 2020

INVESTimate

$318,275

$277K - $360K

Price Est.

$1,779

$1.6K - $1.9K

Rent Est.

$344,660  ( +8.29%)   1 YR EST. FORECAST
  
  
  

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2635 Hwy 557 PROPERTY INFO

FACTS
  • Built In 1990
  • Price/Sqft : $153.90
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,068 sqft
  • Baths : 2 Full

2635 Hwy 557 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LAKE ALFRED ELEMENTARY SCHOOL Primary Regular 527 36 5
JERE L. STAMBAUGH MIDDLE SCHOOL Middle Regular 879 54 3
AUBURNDALE SENIOR HIGH SCHOOL High Regular 1,475 91 4

LAKE ALFRED ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 527
  • # of teachers: 36
5
GreatSchools Rating

JERE L. STAMBAUGH MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 879
  • # of teachers: 54
3
GreatSchools Rating

AUBURNDALE SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 1,475
  • # of teachers: 91
4
GreatSchools Rating
 

Financial Details

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Neighborhood

LAKE ALFRED

  • 7,753

    POPULATION
  • 3,110

    HOUSEHOLDS
  • 49.4%

    WHITE COLLAR

Neighborhood : LAKE ALFRED

HOUSEHOLDS
3,110
POPULATION

7,753

36.8%Renters
63.2%Home Owners
LABOR FORCE

 

49.4%White Collar
50.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 14% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,779 per month.

MY RENT : $1,779 MEDIAN RENT : $1,228

Rent % Distribution LEVEL
$500-699 0.7%
$700-899 9.8%
$900-999 14.1%
$1,000-1,499 61.5%
>=$1,500 13.9%
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 $1,779 would therefore be considered affordable for annual household incomes greater than $71,160 (12 months x 3.333 x $1,779).

Rent % Affordability
Above $500 83.2%
Above $700 68.6%
Above $1,100 45.5%
Above $1,500 29.6%
Above $1,900 19.5%
HOUSEHOLD INCOME RANGE

Approximately 475 of households in this neighborhood have a total annual income of $71,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,779 per month.

MINIMUM INCOME RANGE : $71,160

Income % Distribution
<$20K 16.8%
$20K-$35K 23.9%
$35K-$60K 29.7%
$60K-$100K 20.1%
>=$100K 9.5%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 3.5%
10-14 mins 12.0%
15-19 mins 18.4%
20-29 mins 27.1%
30-44 mins 19.0%
45-59 mins 13.9%
>60 mins 4.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 14% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,779 per month.

MY RENT : $1,779 MEDIAN RENT : $1,228

Rent % Distribution
$500-699 0.7%
$700-899 9.8%
$900-999 14.1%
$1,000-1,499 61.5%
>=$1,500 13.9%
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 $1,779 would therefore be considered affordable for annual household incomes greater than $71,160 (12 months x 3.333 x $1,779).

Rent % Affordability
Above $500 83.2%
Above $700 68.6%
Above $1,100 45.5%
Above $1,500 29.6%
Above $1,900 19.5%
HOUSEHOLD INCOME RANGE

Approximately 475 of households in this neighborhood have a total annual income of $71,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,779 per month.

MINIMUM INCOME RANGE : $71,160

Income % Distribution
<$20K 16.8%
$20K-$35K 23.9%
$35K-$60K 29.7%
$60K-$100K 20.1%
>=$100K 9.5%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 3.5%
10-14 mins 12.0%
15-19 mins 18.4%
20-29 mins 27.1%
30-44 mins 19.0%
45-59 mins 13.9%
>60 mins 4.7%

LAKE ALFRED Demographics

INDUSTRY

Industry % Distribution
Administrative Support 11.3%
Arts & Entertainment 14.8%
Construction 7.3%
Health Care & Social Assistance 14.7%
Retail & Wholesale Trader 14.9%
Transportation 6.5%
Other 30.4%
AGE DISTRIBUTION

44% of the population is between the ages of 25 and 64, 30% is 24 or younger and 26% is 65 or older.

Age % Distribution
<15 17.8%
15-19 6.0%
20-24 5.6%
25-44 20.5%
45-65 24.0%
66+ 26.0%
OCCUPATION

Occupation % Distribution
Education 6.6%
Healthcare 14.2%
Management, Business, & Financial 13.8%
Natural Resources Maintenance 11.3%
Production & Transportation 13.2%
Sales & Office 24.9%
Other 16.0%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.2%
High School 38.9%
Masters Degree 6.3%
Some College 20.5%
Some High School 15.0%
Other 11.1%

2635 Hwy 557 Comps

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2635 Hwy 557, Lake Alfred, FL 33850 is a single family home of 2,068 sqft. HomeUnion INVESTimateĀ® for 2635 Hwy 557 includes a Price Estimate of $318,275 and a Rent Estimate of $1,779. This single family home has 2 bedrooms,2 bathrooms, and was built in 1990. This property has an estimated 15 year annualized Yield of 6.71% and Total Return of 18.05%. The estimated 1 year forecast in home value for 2635 Hwy 557 is 8.29%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , POLK County , or the 33850 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 33868
  2. 33844