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363 Se Montrose Ave PROPERTY INFO
FACTS
- Built In 1950
- Price/Sqft : $74.51
CONSTRUCTION
- Beds : 3
- Floor Size : 800 sqft
- Baths : 1 Full
363 Se Montrose Ave SCHOOLS
Financial Details
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LAKE CITY
Neighborhood : LAKE CITY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $872 per month.
MY RENT : $872 MEDIAN RENT : $1,176
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 $872 would therefore be considered affordable for annual household incomes greater than $34,880 (12 months x 3.333 x $872).
HOUSEHOLD INCOME RANGE
Approximately 16,836 of households in this neighborhood have a total annual income of $34,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $872 per month.
MINIMUM INCOME RANGE : $34,880
COMMUTE TIME DISTRIBUTION
47% of the working population has a commute time of 15 to 44 minutes, 40% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.
LAKE CITY Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 8.8% |
| Health Care & Social Assistance | 20.8% |
| Manufacturing | 7.8% |
| Public Administration | 9.4% |
| Retail & Wholesale Trader | 16.9% |
| Transportation | 7.3% |
| Other | 29.0% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 33% is 24 or younger and 16% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 16.0% |
| 15-19 | 7.8% |
| 20-24 | 9.5% |
| 25-44 | 25.9% |
| 45-65 | 24.5% |
| 66+ | 16.3% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 15.6% |
| Management, Business, & Financial | 10.5% |
| Natural Resources Maintenance | 12.4% |
| Production & Transportation | 12.9% |
| Protect | 5.6% |
| Sales & Office | 23.0% |
| Other | 20.0% |
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 | 8.9% |
| High School | 34.4% |
| Masters Degree | 4.1% |
| Some College | 25.7% |
| Some High School | 15.7% |
| Other | 11.3% |
363 Se Montrose Ave Comps
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363 Se Montrose Ave, Lake City, FL 32025 is a single family home of 800 sqft. HomeUnion INVESTimateĀ® for 363 Se Montrose Ave includes a Price Estimate of $59,606 and a Rent Estimate of $872. This single family home has 3 bedrooms,1 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 17.56% and Total Return of 28.98%. The estimated 1 year forecast in home value for 363 Se Montrose Ave is 6.28%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , COLUMBIA County , or the 32025 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
