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3286 Sw County Road 242 PROPERTY INFO
FACTS
- Built In 1961
- Price/Sqft : $122.47
CONSTRUCTION
- Beds : 3
- Floor Size : 920 sqft
- Baths : 1 Full
3286 Sw County Road 242 SCHOOLS
Financial Details
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LAKE CITY
Neighborhood : LAKE CITY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 56% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,301 per month.
MY RENT : $1,301 MEDIAN RENT : $1,420
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 $1,301 would therefore be considered affordable for annual household incomes greater than $52,040 (12 months x 3.333 x $1,301).
HOUSEHOLD INCOME RANGE
Approximately 3,286 of households in this neighborhood have a total annual income of $52,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,301 per month.
MINIMUM INCOME RANGE : $52,040
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.
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% |
3286 Sw County Road 242 Comps
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3286 Sw County Road 242, Lake City, FL 32024 is a single family home of 920 sqft. HomeUnion INVESTimateĀ® for 3286 Sw County Road 242 includes a Price Estimate of $112,676 and a Rent Estimate of $1,301. This single family home has 3 bedrooms,1 bathrooms, and was built in 1961. This property has an estimated 15 year annualized Yield of 13.86% and Total Return of 29.65%. The estimated 1 year forecast in home value for 3286 Sw County Road 242 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
