Financial Details3686 Davis Rd PROPERTY INFO
FACTS
- Built In 2008
- Price/Sqft : $192.12
CONSTRUCTION
- Beds : 3
- Floor Size : 1,509 sqft
- Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
3686 Davis Rd, Palm Springs, FL 33461 is a single family home of 1,509 sqft. HomeUnion estimate for 3686 Davis Rd includes a Price Estimate of $289,911 and a Rent Estimate of $1,963. This single family home has 3 bedrooms, 3 bathrooms, and was built in 2008. This property has an estimated 15 year annualized Yield of 8.13% and Total Return of 35.11%. The estimated 1 year forecast in home value for 3686 Davis Rd is 12.06%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
3686 Davis Rd SCHOOLS
Financial Details
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Palm Springs Village
Neighborhood : Palm Springs Village
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,963 per month.
MY RENT : $1,963 MEDIAN RENT : $1,721
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 $1,963 would therefore be considered affordable for annual household incomes greater than $78,520 (12 months x 3.333 x $1,963).
HOUSEHOLD INCOME RANGE
Approximately 879 of households in this neighborhood have a total annual income of $78,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,963 per month.
MINIMUM INCOME RANGE : $78,520
COMMUTE TIME DISTRIBUTION
70% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.
Palm Springs Village Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 7.1% |
| Arts & Entertainment | 11.2% |
| Construction | 11.6% |
| Health Care & Social Assistance | 11.9% |
| Manufacturing | 4.3% |
| Retail & Wholesale Trader | 21.0% |
| Other | 33.0% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 36% is 24 or younger and 11% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 22.1% |
| 15-19 | 4.9% |
| 20-24 | 8.9% |
| 25-44 | 29.1% |
| 45-65 | 23.5% |
| 66+ | 11.5% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 10.9% |
| Healthcare | 6.7% |
| Management, Business, & Financial | 8.7% |
| Natural Resources Maintenance | 15.2% |
| Production & Transportation | 13.1% |
| Sales & Office | 25.2% |
| Other | 20.2% |
HIGHEST EDUCATION LEVEL
12% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 7.6% |
| High School | 32.6% |
| Masters Degree | 3.4% |
| Some College | 20.5% |
| Some High School | 24.7% |
| Other | 11.1% |
3686 Davis Rd Comps
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