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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

272 Nw Country Lake Dr Lake City, FL 32055

4 Beds 3 Baths 2,458 sqft Built 1998
Last updated:  Jan 23, 2020

INVESTimate

$285,092

$263K - $307K

Price Est.

$2,082

$1.8K - $2.3K

Rent Est.

$296,211  ( +3.9%)   1 YR EST. FORECAST
  
  
  

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272 Nw Country Lake Dr PROPERTY INFO

FACTS
  • Built In 1998
  • Price/Sqft : $115.99
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,458 sqft
  • Baths : 3 Full

272 Nw Country Lake Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SUMMERS ELEMENTARY SCHOOL Primary Regular 698 45 5
LAKE CITY MIDDLE SCHOOL Middle Regular 1,099 57 7
LAKE CITY MIDDLE SCHOOL High Regular 1,099 57 7

SUMMERS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 45
5
GreatSchools Rating

LAKE CITY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,099
  • # of teachers: 57
7
GreatSchools Rating

LAKE CITY MIDDLE SCHOOL

  • Education Level: High
  • # of students: 1,099
  • # of teachers: 57
7
GreatSchools Rating
 

Financial Details

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Neighborhood

LAKE CITY

  • 16,690

    POPULATION
  • 6,144

    HOUSEHOLDS
  • 54.8%

    WHITE COLLAR

Neighborhood : LAKE CITY

HOUSEHOLDS
6,144
POPULATION

16,690

33.5%Renters
66.5%Home Owners
LABOR FORCE

 

54.8%White Collar
45.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 18% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,082 per month.

MY RENT : $2,082 MEDIAN RENT : $1,089

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 21.6%
$900-999 15.1%
$1,000-1,499 45.4%
>=$1,500 17.9%
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 $2,082 would therefore be considered affordable for annual household incomes greater than $83,280 (12 months x 3.333 x $2,082).

Rent % Affordability
Above $500 75.5%
Above $700 62.5%
Above $1,100 44.1%
Above $1,500 31.0%
Above $1,900 22.2%
HOUSEHOLD INCOME RANGE

Approximately 1,098 of households in this neighborhood have a total annual income of $83,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,082 per month.

MINIMUM INCOME RANGE : $83,280

Income % Distribution
<$20K 24.5%
$20K-$35K 20.8%
$35K-$60K 23.8%
$60K-$100K 15.8%
>=$100K 15.2%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 44% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 18.3%
10-14 mins 22.1%
15-19 mins 22.3%
20-29 mins 15.8%
30-44 mins 8.6%
45-59 mins 4.7%
>60 mins 5.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 18% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,082 per month.

MY RENT : $2,082 MEDIAN RENT : $1,089

Rent % Distribution
$500-699 0.0%
$700-899 21.6%
$900-999 15.1%
$1,000-1,499 45.4%
>=$1,500 17.9%
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 $2,082 would therefore be considered affordable for annual household incomes greater than $83,280 (12 months x 3.333 x $2,082).

Rent % Affordability
Above $500 75.5%
Above $700 62.5%
Above $1,100 44.1%
Above $1,500 31.0%
Above $1,900 22.2%
HOUSEHOLD INCOME RANGE

Approximately 1,098 of households in this neighborhood have a total annual income of $83,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,082 per month.

MINIMUM INCOME RANGE : $83,280

Income % Distribution
<$20K 24.5%
$20K-$35K 20.8%
$35K-$60K 23.8%
$60K-$100K 15.8%
>=$100K 15.2%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 44% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 18.3%
10-14 mins 22.1%
15-19 mins 22.3%
20-29 mins 15.8%
30-44 mins 8.6%
45-59 mins 4.7%
>60 mins 5.0%

LAKE CITY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 15.5%
Construction 5.6%
Educational Services 5.4%
Health Care & Social Assistance 19.9%
Public Administration 10.1%
Retail & Wholesale Trader 14.4%
Other 29.1%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 30% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 18.8%
15-19 4.9%
20-24 6.5%
25-44 25.9%
45-65 25.5%
66+ 18.4%
OCCUPATION

Occupation % Distribution
Healthcare 19.2%
Management, Business, & Financial 11.0%
Natural Resources Maintenance 10.9%
Production & Transportation 9.5%
Protect 9.8%
Sales & Office 22.9%
Other 16.7%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.9%
High School 36.2%
Masters Degree 4.0%
Some College 23.0%
Some High School 13.7%
Other 13.1%

272 Nw Country Lake Dr Comps

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272 Nw Country Lake Dr, Lake City, FL 32055 is a single family home of 2,458 sqft. HomeUnion INVESTimateĀ® for 272 Nw Country Lake Dr includes a Price Estimate of $285,092 and a Rent Estimate of $2,082. This single family home has 4 bedrooms,3 bathrooms, and was built in 1998. This property has an estimated 15 year annualized Yield of 8.76% and Total Return of 19.08%. The estimated 1 year forecast in home value for 272 Nw Country Lake Dr is 3.9%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , COLUMBIA County , or the 32055 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 32024