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3016 Bay Villas Dr
OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
3016 Bay Villas Dr PROPERTY INFO
FACTS
- Built In 1989
- Price/Sqft : $391.01
CONSTRUCTION
- Beds : 5
- Floor Size : 3,996 sqft
- Baths : 3 Full 1 Half
3016 Bay Villas Dr SCHOOLS
Financial Details
See Financial Details
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Sandestin
Neighborhood : Sandestin
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 98% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,256 per month.
MY RENT : $3,256 MEDIAN RENT : $1,979
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 $3,256 would therefore be considered affordable for annual household incomes greater than $130,240 (12 months x 3.333 x $3,256).
HOUSEHOLD INCOME RANGE
Approximately 206 of households in this neighborhood have a total annual income of $130,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,256 per month.
MINIMUM INCOME RANGE : $130,240
COMMUTE TIME DISTRIBUTION
45% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.
Sandestin Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 15.4% |
Construction | 14.9% |
Educational Services | 9.1% |
Health Care & Social Assistance | 11.4% |
Professional & Scientific Tech Services | 11.3% |
Retail & Wholesale Trader | 14.9% |
Other | 23.0% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 17% is 24 or younger and 29% is 65 or older.
Age | % Distribution |
---|---|
<15 | 13.7% |
15-19 | 2.4% |
20-24 | 1.4% |
25-44 | 24.7% |
45-65 | 28.4% |
66+ | 29.4% |
OCCUPATION
Occupation | % Distribution |
---|---|
Clean | 4.4% |
Construction | 8.0% |
Healthcare | 6.3% |
Legal | 6.8% |
Management, Business, & Financial | 29.9% |
Sales & Office | 28.1% |
Other | 16.5% |
HIGHEST EDUCATION LEVEL
25% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 9.2% |
High School | 12.5% |
Masters Degree | 8.9% |
Some College | 23.9% |
Some High School | 4.7% |
Other | 40.8% |
3016 Bay Villas Dr Comps
3016 Bay Villas Dr, Miramar Beach, FL 32550 is a single family home of 3,996 sqft. HomeUnion INVESTimate® for 3016 Bay Villas Dr includes a Price Estimate of $1,562,479 and a Rent Estimate of $3,256. This single family home has 5 bedrooms,4 bathrooms, and was built in 1989. This property has an estimated 15 year annualized Yield of 2.50% and Total Return of 5.94%. The estimated 1 year forecast in home value for 3016 Bay Villas Dr is 5.58%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL, WALTON County, or the 32550 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2