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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

3040 Edification Dr Cottondale, FL 32431

3 Beds 2 Baths 3,400 sqft Built 1987
Last updated:  Jan 23, 2020

INVESTimate

$129,564

$124K - $135K

Price Est.

$1,160

$1.0K - $1.3K

Rent Est.

$131,546  ( +1.53%)   1 YR EST. FORECAST
  
  
  

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3040 Edification Dr PROPERTY INFO

FACTS
  • Built In 1987
  • Price/Sqft : $38.11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,400 sqft
  • Baths : 2 Full

3040 Edification Dr 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 10% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,160 per month.

MY RENT : $1,160 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 $1,160 would therefore be considered affordable for annual household incomes greater than $46,400 (12 months x 3.333 x $1,160).

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 609 of households in this neighborhood have a total annual income of $46,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,160 per month.

MINIMUM INCOME RANGE : $46,400

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 10% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,160 per month.

MY RENT : $1,160 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 $1,160 would therefore be considered affordable for annual household incomes greater than $46,400 (12 months x 3.333 x $1,160).

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 609 of households in this neighborhood have a total annual income of $46,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,160 per month.

MINIMUM INCOME RANGE : $46,400

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%

3040 Edification Dr Comps

Sorry, we do not have sufficient data available.

3040 Edification Dr, Cottondale, FL 32431 is a single family home of 3,400 sqft. HomeUnion INVESTimateĀ® for 3040 Edification Dr includes a Price Estimate of $129,564 and a Rent Estimate of $1,160. This single family home has 3 bedrooms,2 bathrooms, and was built in 1987. This property has an estimated 15 year annualized Yield of 10.74% and Total Return of 12.56%. The estimated 1 year forecast in home value for 3040 Edification Dr is 1.53%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , JACKSON County , or the 32431 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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