3612 Coconut Rd PROPERTY INFO
FACTS
- Built In 1962
- Price/Sqft : $160.78
CONSTRUCTION
- Beds : 0
- Floor Size : 1,796 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
3612 Coconut Rd, Lake Worth, FL 33461 is a single family home of 1,796 sqft. HomeUnion estimate for 3612 Coconut Rd includes a Price Estimate of $288,765 and a Rent Estimate of $1,591. This single family home has 0 bedrooms, 2 bathrooms, and was built in 1962. This property has an estimated 15 year annualized Yield of 6.61% and Total Return of 27.64%. The estimated 1 year forecast in home value for 3612 Coconut Rd is 10.54%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
3612 Coconut Rd SCHOOLS
Financial Details
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Sunshine Acres
Neighborhood : Sunshine Acres
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 71% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,591 per month.
MY RENT : $1,591 MEDIAN RENT : $1,611
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 $1,591 would therefore be considered affordable for annual household incomes greater than $63,640 (12 months x 3.333 x $1,591).
HOUSEHOLD INCOME RANGE
Approximately 2 of households in this neighborhood have a total annual income of $63,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,591 per month.
MINIMUM INCOME RANGE : $63,640
COMMUTE TIME DISTRIBUTION
68% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.
Sunshine Acres Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Administrative Support | 9.8% |
Construction | 26.8% |
Health Care & Social Assistance | 12.2% |
Manufacturing | 4.9% |
Real Estate | 7.3% |
Retail & Wholesale Trader | 24.4% |
Other | 14.6% |
AGE DISTRIBUTION
55% of the population is between the ages of 25 and 64, 39% is 24 or younger and 6% is 65 or older.
Age | % Distribution |
---|---|
<15 | 28.0% |
15-19 | 6.0% |
20-24 | 5.0% |
25-44 | 32.0% |
45-65 | 23.0% |
66+ | 6.0% |
OCCUPATION
Occupation | % Distribution |
---|---|
Clean | 14.3% |
Healthcare | 14.3% |
Management, Business, & Financial | 7.1% |
Natural Resources Maintenance | 14.3% |
Production & Transportation | 21.4% |
Sales & Office | 28.6% |
Other | 0.0% |
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 | 7.1% |
High School | 28.6% |
Professional | 1.8% |
Some College | 17.9% |
Some High School | 42.9% |
Other | 1.8% |
3612 Coconut Rd Comps
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