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This page contains information about each property aggregated from public data sources, 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.

3808 Mercurio Dr Palm Springs, FL 33461

3 Beds 2 Baths 1,895 sqft Built 2000
Last updated:  Dec 26, 2019

INVESTimate

$312,948

$302K - $324K

Price Est.

$2,099

$2.0K - $2.2K

Rent Est.

$345,933  ( +10.54%)   1 YR EST. FORECAST

3808 Mercurio Dr PROPERTY INFO

FACTS
  • Built In 2000
  • Price/Sqft : $165.14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,895 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
3808 Mercurio Dr, Palm Springs, FL 33461 is a single family home of 1,895 sqft. HomeUnion estimate for 3808 Mercurio Dr includes a Price Estimate of $312,948 and a Rent Estimate of $2,099. This single family home has 3 bedrooms, 2 bathrooms, and was built in 2000. This property has an estimated 15 year annualized Yield of 8.05% and Total Return of 29.93%. The estimated 1 year forecast in home value for 3808 Mercurio Dr is 10.54%.
  
  
  

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3808 Mercurio Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PALM SPRINGS ELEMENTARY SCHOOL Primary Regular 878 64 3
L.C. SWAIN MIDDLE SCHOOL Middle Regular 1,067 68 4
JOHN I. LEONARD HIGH SCHOOL High Magnet 2,499 135 4

PALM SPRINGS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 878
  • # of teachers: 64
3
GreatSchools Rating

L.C. SWAIN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,067
  • # of teachers: 68
4
GreatSchools Rating

JOHN I. LEONARD HIGH SCHOOL

  • Education Level: High
  • # of students: 2,499
  • # of teachers: 135
4
GreatSchools Rating
 

Financial Details

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Neighborhood

Sunshine Acres

  • 100

    POPULATION
  • 30

    HOUSEHOLDS
  • 41.4%

    WHITE COLLAR

Neighborhood : Sunshine Acres

HOUSEHOLDS
30
POPULATION

100

71.4%Renters
28.6%Home Owners
LABOR FORCE

 

41.4%White Collar
58.6%Blue Collar
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 $2,099 per month.

MY RENT : $2,099 MEDIAN RENT : $1,611

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 28.6%
>=$1,500 71.4%
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 $2,099 would therefore be considered affordable for annual household incomes greater than $83,960 (12 months x 3.333 x $2,099).

Rent % Affordability
Above $500 71.0%
Above $700 59.4%
Above $1,100 31.0%
Above $1,500 19.4%
Above $1,900 12.4%
HOUSEHOLD INCOME RANGE

Approximately 1 of households in this neighborhood have a total annual income of $83,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,099 per month.

MINIMUM INCOME RANGE : $83,960

Income % Distribution
<$20K 29.0%
$20K-$35K 25.8%
$35K-$60K 25.8%
$60K-$100K 19.4%
>=$100K 0.0%
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.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 2.4%
10-14 mins 14.6%
15-19 mins 14.6%
20-29 mins 17.1%
30-44 mins 36.6%
45-59 mins 2.4%
>60 mins 12.2%
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 $2,099 per month.

MY RENT : $2,099 MEDIAN RENT : $1,611

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 28.6%
>=$1,500 71.4%
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 $2,099 would therefore be considered affordable for annual household incomes greater than $83,960 (12 months x 3.333 x $2,099).

Rent % Affordability
Above $500 71.0%
Above $700 59.4%
Above $1,100 31.0%
Above $1,500 19.4%
Above $1,900 12.4%
HOUSEHOLD INCOME RANGE

Approximately 1 of households in this neighborhood have a total annual income of $83,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,099 per month.

MINIMUM INCOME RANGE : $83,960

Income % Distribution
<$20K 29.0%
$20K-$35K 25.8%
$35K-$60K 25.8%
$60K-$100K 19.4%
>=$100K 0.0%
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.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 2.4%
10-14 mins 14.6%
15-19 mins 14.6%
20-29 mins 17.1%
30-44 mins 36.6%
45-59 mins 2.4%
>60 mins 12.2%

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%

3808 Mercurio Dr Comps

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