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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

2701 Broad St Cottondale, FL 32431

3 Beds 2 Baths 1,590 sqft Built 1976
Last updated:  Jan 23, 2020

INVESTimate

$55,319

$52.8K - $57.9K

Price Est.

$860

753 - 967

Rent Est.

$56,165  ( +1.53%)   1 YR EST. FORECAST
  
  
  

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2701 Broad St PROPERTY INFO

FACTS
  • Built In 1976
  • Price/Sqft : $34.79
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,590 sqft
  • Baths : 2 Full

2701 Broad St SCHOOLS

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Financial Details

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Neighborhood

COTTONDALE

  • 4,265

    POPULATION
  • 1,755

    HOUSEHOLDS
  • 51.3%

    WHITE COLLAR

Neighborhood : COTTONDALE

HOUSEHOLDS
1,755
POPULATION

4,265

25.0%Renters
75.0%Home Owners
LABOR FORCE

 

51.3%White Collar
48.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 33% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $860 per month.

MY RENT : $860 MEDIAN RENT : $731

Rent % Distribution LEVEL
$500-699 35.6%
$700-899 39.3%
$900-999 9.7%
$1,000-1,499 15.4%
>=$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 $860 would therefore be considered affordable for annual household incomes greater than $34,400 (12 months x 3.333 x $860).

Rent % Affordability
Above $500 75.5%
Above $700 63.7%
Above $1,100 44.5%
Above $1,500 29.0%
Above $1,900 18.6%
HOUSEHOLD INCOME RANGE

Approximately 4,299 of households in this neighborhood have a total annual income of $34,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $860 per month.

MINIMUM INCOME RANGE : $34,400

Income % Distribution
<$20K 24.5%
$20K-$35K 21.2%
$35K-$60K 25.4%
$60K-$100K 18.4%
>=$100K 10.5%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 22% 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 1.9%
5-9 mins 4.3%
10-14 mins 15.7%
15-19 mins 18.8%
20-29 mins 20.4%
30-44 mins 23.9%
45-59 mins 6.8%
>60 mins 8.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 33% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $860 per month.

MY RENT : $860 MEDIAN RENT : $731

Rent % Distribution
$500-699 35.6%
$700-899 39.3%
$900-999 9.7%
$1,000-1,499 15.4%
>=$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 $860 would therefore be considered affordable for annual household incomes greater than $34,400 (12 months x 3.333 x $860).

Rent % Affordability
Above $500 75.5%
Above $700 63.7%
Above $1,100 44.5%
Above $1,500 29.0%
Above $1,900 18.6%
HOUSEHOLD INCOME RANGE

Approximately 4,299 of households in this neighborhood have a total annual income of $34,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $860 per month.

MINIMUM INCOME RANGE : $34,400

Income % Distribution
<$20K 24.5%
$20K-$35K 21.2%
$35K-$60K 25.4%
$60K-$100K 18.4%
>=$100K 10.5%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 22% 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 1.9%
5-9 mins 4.3%
10-14 mins 15.7%
15-19 mins 18.8%
20-29 mins 20.4%
30-44 mins 23.9%
45-59 mins 6.8%
>60 mins 8.3%

COTTONDALE Demographics

INDUSTRY

Industry % Distribution
Construction 9.9%
Educational Services 8.3%
Health Care & Social Assistance 17.6%
Public Administration 8.8%
Retail & Wholesale Trader 19.1%
Transportation 8.3%
Other 28.0%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 28% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 18.5%
15-19 4.5%
20-24 5.0%
25-44 23.2%
45-65 27.3%
66+ 21.5%
OCCUPATION

Occupation % Distribution
Healthcare 9.5%
Management, Business, & Financial 10.8%
Natural Resources Maintenance 13.7%
Production & Transportation 12.2%
Protect 5.5%
Sales & Office 31.1%
Other 17.1%
HIGHEST EDUCATION LEVEL

9% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.7%
High School 43.4%
Masters Degree 2.4%
Some College 22.9%
Some High School 19.2%
Other 6.5%

2701 Broad St Comps

Sorry, we do not have sufficient data available.

2701 Broad St, Cottondale, FL 32431 is a single family home of 1,590 sqft. HomeUnion INVESTimateĀ® for 2701 Broad St includes a Price Estimate of $55,319 and a Rent Estimate of $860. This single family home has 3 bedrooms,2 bathrooms, and was built in 1976. This property has an estimated 15 year annualized Yield of 18.66% and Total Return of 21.52%. The estimated 1 year forecast in home value for 2701 Broad St is 1.53%.

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