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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

275 E Hoffman St Lake Alfred, FL 33850

3 Beds 1 Baths 960 sqft Built 1962
Last updated:  Jan 23, 2020

INVESTimate

$107,062

$93.2K - $121K

Price Est.

$1,082

986 - $1.2K

Rent Est.

$115,937  ( +8.29%)   1 YR EST. FORECAST
  
  
  

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275 E Hoffman St PROPERTY INFO

FACTS
  • Built In 1962
  • Price/Sqft : $111.52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 960 sqft
  • Baths : 1 Full

275 E Hoffman St 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

Dixie Manor

  • 90

    POPULATION
  • 37

    HOUSEHOLDS
  • 57.4%

    WHITE COLLAR

Neighborhood : Dixie Manor

HOUSEHOLDS
37
POPULATION

90

55.9%Renters
44.1%Home Owners
LABOR FORCE

 

57.4%White Collar
42.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 51% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,082 per month.

MY RENT : $1,082 MEDIAN RENT : $1,051

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 8.2%
$900-999 30.6%
$1,000-1,499 61.2%
>=$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 $1,082 would therefore be considered affordable for annual household incomes greater than $43,280 (12 months x 3.333 x $1,082).

Rent % Affordability
Above $500 64.9%
Above $700 49.2%
Above $1,100 36.2%
Above $1,500 21.6%
Above $1,900 13.2%
HOUSEHOLD INCOME RANGE

Approximately 11 of households in this neighborhood have a total annual income of $43,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,082 per month.

MINIMUM INCOME RANGE : $43,280

Income % Distribution
<$20K 35.1%
$20K-$35K 18.9%
$35K-$60K 24.3%
$60K-$100K 16.2%
>=$100K 5.4%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.0%
5-9 mins 3.0%
10-14 mins 9.1%
15-19 mins 9.1%
20-29 mins 27.3%
30-44 mins 27.3%
45-59 mins 12.1%
>60 mins 9.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 51% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,082 per month.

MY RENT : $1,082 MEDIAN RENT : $1,051

Rent % Distribution
$500-699 0.0%
$700-899 8.2%
$900-999 30.6%
$1,000-1,499 61.2%
>=$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 $1,082 would therefore be considered affordable for annual household incomes greater than $43,280 (12 months x 3.333 x $1,082).

Rent % Affordability
Above $500 64.9%
Above $700 49.2%
Above $1,100 36.2%
Above $1,500 21.6%
Above $1,900 13.2%
HOUSEHOLD INCOME RANGE

Approximately 11 of households in this neighborhood have a total annual income of $43,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,082 per month.

MINIMUM INCOME RANGE : $43,280

Income % Distribution
<$20K 35.1%
$20K-$35K 18.9%
$35K-$60K 24.3%
$60K-$100K 16.2%
>=$100K 5.4%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.0%
5-9 mins 3.0%
10-14 mins 9.1%
15-19 mins 9.1%
20-29 mins 27.3%
30-44 mins 27.3%
45-59 mins 12.1%
>60 mins 9.1%

Dixie Manor Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 12.9%
Construction 12.9%
Financial Industries 9.7%
Health Care & Social Assistance 12.9%
Retail & Wholesale Trader 12.9%
Transportation 12.9%
Other 25.8%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 34% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 24.4%
15-19 1.1%
20-24 8.9%
25-44 28.9%
45-65 17.8%
66+ 18.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.5%
Healthcare 14.3%
Management, Business, & Financial 19.0%
Natural Resources Maintenance 9.5%
Production & Transportation 19.0%
Sales & Office 14.3%
Other 14.3%
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 8.8%
High School 30.9%
Masters Degree 5.9%
Some College 33.8%
Some High School 7.4%
Other 13.2%

275 E Hoffman St Comps

Sorry, we do not have sufficient data available.

275 E Hoffman St, Lake Alfred, FL 33850 is a single family home of 960 sqft. HomeUnion INVESTimateĀ® for 275 E Hoffman St includes a Price Estimate of $107,062 and a Rent Estimate of $1,082. This single family home has 3 bedrooms,1 bathrooms, and was built in 1962. This property has an estimated 15 year annualized Yield of 12.13% and Total Return of 28.12%. The estimated 1 year forecast in home value for 275 E Hoffman St 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

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