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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

306 Sw Sunset Way Lake City, FL 32024

3 Beds 2 Baths 1,296 sqft Built 1994
Last updated:  Dec 26, 2019

INVESTimate

$60,894

$59.4K - $62.4K

Price Est.

$1,345

$1.2K - $1.5K

Rent Est.

$64,134  ( +5.32%)   1 YR EST. FORECAST
  
  
  

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306 Sw Sunset Way PROPERTY INFO

FACTS
  • Built In 1994
  • Price/Sqft : $46.99
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,296 sqft
  • Baths : 2 Full

306 Sw Sunset Way SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WESTSIDE ELEMENTARY SCHOOL Primary Regular 706 46 9
LAKE CITY MIDDLE SCHOOL Middle Regular 1,099 57 7
LAKE CITY MIDDLE SCHOOL High Regular 1,099 57 7

WESTSIDE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 46
9
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

  • 19,830

    POPULATION
  • 7,207

    HOUSEHOLDS
  • 59.4%

    WHITE COLLAR

Neighborhood : LAKE CITY

HOUSEHOLDS
7,207
POPULATION

19,830

17.0%Renters
83.0%Home Owners
LABOR FORCE

 

59.4%White Collar
40.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 49% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,345 per month.

MY RENT : $1,345 MEDIAN RENT : $1,420

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 73.2%
>=$1,500 26.8%
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 $1,345 would therefore be considered affordable for annual household incomes greater than $53,800 (12 months x 3.333 x $1,345).

Rent % Affordability
Above $500 81.5%
Above $700 72.0%
Above $1,100 56.0%
Above $1,500 42.5%
Above $1,900 28.7%
HOUSEHOLD INCOME RANGE

Approximately 3,236 of households in this neighborhood have a total annual income of $53,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,345 per month.

MINIMUM INCOME RANGE : $53,800

Income % Distribution
<$20K 18.5%
$20K-$35K 15.5%
$35K-$60K 23.6%
$60K-$100K 24.3%
>=$100K 18.2%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 5.8%
10-14 mins 13.2%
15-19 mins 21.5%
20-29 mins 26.2%
30-44 mins 12.9%
45-59 mins 10.6%
>60 mins 8.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 49% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,345 per month.

MY RENT : $1,345 MEDIAN RENT : $1,420

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 73.2%
>=$1,500 26.8%
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 $1,345 would therefore be considered affordable for annual household incomes greater than $53,800 (12 months x 3.333 x $1,345).

Rent % Affordability
Above $500 81.5%
Above $700 72.0%
Above $1,100 56.0%
Above $1,500 42.5%
Above $1,900 28.7%
HOUSEHOLD INCOME RANGE

Approximately 3,236 of households in this neighborhood have a total annual income of $53,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,345 per month.

MINIMUM INCOME RANGE : $53,800

Income % Distribution
<$20K 18.5%
$20K-$35K 15.5%
$35K-$60K 23.6%
$60K-$100K 24.3%
>=$100K 18.2%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 5.8%
10-14 mins 13.2%
15-19 mins 21.5%
20-29 mins 26.2%
30-44 mins 12.9%
45-59 mins 10.6%
>60 mins 8.8%

LAKE CITY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.8%
Construction 9.6%
Health Care & Social Assistance 12.8%
Public Administration 10.1%
Retail & Wholesale Trader 16.4%
Transportation 7.6%
Other 35.7%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 32% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 19.5%
15-19 6.3%
20-24 5.9%
25-44 21.7%
45-65 28.4%
66+ 18.2%
OCCUPATION

Occupation % Distribution
Healthcare 10.5%
Management, Business, & Financial 14.6%
Natural Resources Maintenance 14.2%
Production & Transportation 9.6%
Protect 5.2%
Sales & Office 25.5%
Other 20.4%
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 10.6%
High School 37.9%
Masters Degree 3.5%
Some College 22.7%
Some High School 10.7%
Other 14.6%

306 Sw Sunset Way Comps

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306 Sw Sunset Way, Lake City, FL 32024 is a single family home of 1,296 sqft. HomeUnion INVESTimateĀ® for 306 Sw Sunset Way includes a Price Estimate of $60,894 and a Rent Estimate of $1,345. This single family home has 3 bedrooms,2 bathrooms, and was built in 1994. This property has an estimated 15 year annualized Yield of 26.51% and Total Return of 42.03%. The estimated 1 year forecast in home value for 306 Sw Sunset Way is 5.32%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , COLUMBIA County , or the 32024 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 32025
  2. 32055