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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

3080 Springfield Ln Village Of Palm Springs, FL 33461

0 Beds 1 Baths 1,734 sqft Built 1967
Last updated:  Dec 26, 2019

INVESTimate

$279,064

$270K - $288K

Price Est.

$1,667

$1.6K - $1.8K

Rent Est.

$308,477  ( +10.54%)   1 YR EST. FORECAST
  
  
  

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3080 Springfield Ln PROPERTY INFO

FACTS
  • Built In 1967
  • Price/Sqft : $160.94
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,734 sqft
  • Baths : 1 Full

3080 Springfield Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HIGHLAND ELEMENTARY SCHOOL Primary Regular 896 68 3
LAKE WORTH MIDDLE SCHOOL Middle Magnet 935 57 4
LAKE WORTH COMMUNITY HIGH SCHOOL High Magnet 2,114 129 3

HIGHLAND ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 68
3
GreatSchools Rating

LAKE WORTH MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 935
  • # of teachers: 57
4
GreatSchools Rating

LAKE WORTH COMMUNITY HIGH SCHOOL

  • Education Level: High
  • # of students: 2,114
  • # of teachers: 129
3
GreatSchools Rating
 

Financial Details

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Neighborhood

Mango Heights

  • 167

    POPULATION
  • 44

    HOUSEHOLDS
  • 44.4%

    WHITE COLLAR

Neighborhood : Mango Heights

HOUSEHOLDS
44
POPULATION

167

76.7%Renters
23.3%Home Owners
LABOR FORCE

 

44.4%White Collar
55.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 75% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,667 per month.

MY RENT : $1,667 MEDIAN RENT : $1,596

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 25.0%
>=$1,500 75.0%
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 $1,667 would therefore be considered affordable for annual household incomes greater than $66,680 (12 months x 3.333 x $1,667).

Rent % Affordability
Above $500 73.3%
Above $700 55.1%
Above $1,100 35.6%
Above $1,500 24.4%
Above $1,900 4.3%
HOUSEHOLD INCOME RANGE

Approximately 4 of households in this neighborhood have a total annual income of $66,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,667 per month.

MINIMUM INCOME RANGE : $66,680

Income % Distribution
<$20K 26.7%
$20K-$35K 33.3%
$35K-$60K 15.6%
$60K-$100K 24.4%
>=$100K -0.0%
COMMUTE TIME DISTRIBUTION

77% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 2.2%
10-14 mins 7.7%
15-19 mins 23.1%
20-29 mins 28.6%
30-44 mins 25.3%
45-59 mins 11.0%
>60 mins 2.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 75% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,667 per month.

MY RENT : $1,667 MEDIAN RENT : $1,596

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 25.0%
>=$1,500 75.0%
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 $1,667 would therefore be considered affordable for annual household incomes greater than $66,680 (12 months x 3.333 x $1,667).

Rent % Affordability
Above $500 73.3%
Above $700 55.1%
Above $1,100 35.6%
Above $1,500 24.4%
Above $1,900 4.3%
HOUSEHOLD INCOME RANGE

Approximately 4 of households in this neighborhood have a total annual income of $66,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,667 per month.

MINIMUM INCOME RANGE : $66,680

Income % Distribution
<$20K 26.7%
$20K-$35K 33.3%
$35K-$60K 15.6%
$60K-$100K 24.4%
>=$100K -0.0%
COMMUTE TIME DISTRIBUTION

77% of the working population has a commute time of 15 to 44 minutes, 10% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 2.2%
10-14 mins 7.7%
15-19 mins 23.1%
20-29 mins 28.6%
30-44 mins 25.3%
45-59 mins 11.0%
>60 mins 2.2%

Mango Heights Demographics

INDUSTRY

Industry % Distribution
Administrative Support 4.7%
Arts & Entertainment 14.0%
Construction 12.8%
Health Care & Social Assistance 17.4%
Professional & Scientific Tech Services 3.5%
Retail & Wholesale Trader 26.7%
Other 20.9%
AGE DISTRIBUTION

60% of the population is between the ages of 25 and 64, 39% is 24 or younger and 1% is 65 or older.

Age % Distribution
<15 23.4%
15-19 3.6%
20-24 12.0%
25-44 33.5%
45-65 26.9%
66+ 0.6%
OCCUPATION

Occupation % Distribution
Clean 13.0%
Education 15.9%
Management, Business, & Financial 13.0%
Natural Resources Maintenance 17.4%
PCare 2.9%
Sales & Office 30.4%
Other 7.2%
HIGHEST EDUCATION LEVEL

10% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.2%
High School 33.6%
Masters Degree 0.9%
Some College 19.1%
Some High School 26.4%
Other 11.8%

3080 Springfield Ln Comps

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3080 Springfield Ln, Village Of Palm Springs, FL 33461 is a single family home of 1,734 sqft. HomeUnion INVESTimate¬ģ for 3080 Springfield Ln includes a Price Estimate of $279,064 and a Rent Estimate of $1,667. This single family home has 0 bedrooms,1 bathrooms, and was built in 1967. This property has an estimated 15 year annualized Yield of 7.17% and Total Return of 27.12%. The estimated 1 year forecast in home value for 3080 Springfield Ln is 10.54%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , PALM BEACH County , or the 33461 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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