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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.

3812 Redditt Rd Orlando, FL 32822

5 Beds 3 Baths 3,547 sqft Built 1996
Last updated:  Nov 28, 2019

INVESTimate

$287,000

$278K - $296K

Price Est.

$2,009

$1.9K - $2.1K

Rent Est.

$316,618  ( +10.32%)   1 YR EST. FORECAST

3812 Redditt Rd PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $80.91
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,547 sqft
  • Baths : 3 Full
PROPERTY DESCRIPTION
3812 Redditt Rd, Orlando, FL 32822 is a single family home of 3,547 sqft. HomeUnion estimate for 3812 Redditt Rd includes a Price Estimate of $287,000 and a Rent Estimate of $2,009. This single family home has 5 bedrooms, 3 bathrooms, and was built in 1996. This property has an estimated 15 year annualized Yield of 8.40% and Total Return of 29.37%. The estimated 1 year forecast in home value for 3812 Redditt Rd is 10.32%.
  
  
  

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3812 Redditt Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MICHAEL MCCOY ELEMENTARY SCHOOL Primary Regular 641 44 3
LIBERTY MIDDLE SCHOOL Middle Regular 1,108 67 4
COLONIAL HIGH SCHOOL High Magnet 3,282 151 4

MICHAEL MCCOY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 44
3
GreatSchools Rating

LIBERTY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,108
  • # of teachers: 67
4
GreatSchools Rating

COLONIAL HIGH SCHOOL

  • Education Level: High
  • # of students: 3,282
  • # of teachers: 151
4
GreatSchools Rating
 

Financial Details

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Neighborhood

ORLANDO

  • 59,025

    POPULATION
  • 22,333

    HOUSEHOLDS
  • 52.0%

    WHITE COLLAR

Neighborhood : ORLANDO

HOUSEHOLDS
22,333
POPULATION

59,025

57.3%Renters
42.7%Home Owners
LABOR FORCE

 

52.0%White Collar
48.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 16% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,009 per month.

MY RENT : $2,009 MEDIAN RENT : $1,267

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 8.4%
$900-999 5.7%
$1,000-1,499 69.6%
>=$1,500 16.2%
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 $2,009 would therefore be considered affordable for annual household incomes greater than $80,360 (12 months x 3.333 x $2,009).

Rent % Affordability
Above $500 75.9%
Above $700 63.2%
Above $1,100 40.8%
Above $1,500 24.7%
Above $1,900 14.7%
HOUSEHOLD INCOME RANGE

Approximately 2,437 of households in this neighborhood have a total annual income of $80,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,009 per month.

MINIMUM INCOME RANGE : $80,360

Income % Distribution
<$20K 24.1%
$20K-$35K 22.9%
$35K-$60K 28.3%
$60K-$100K 17.2%
>=$100K 7.5%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 13% 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 0.7%
5-9 mins 3.2%
10-14 mins 9.3%
15-19 mins 15.1%
20-29 mins 28.6%
30-44 mins 28.6%
45-59 mins 8.8%
>60 mins 5.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 16% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,009 per month.

MY RENT : $2,009 MEDIAN RENT : $1,267

Rent % Distribution
$500-699 0.0%
$700-899 8.4%
$900-999 5.7%
$1,000-1,499 69.6%
>=$1,500 16.2%
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 $2,009 would therefore be considered affordable for annual household incomes greater than $80,360 (12 months x 3.333 x $2,009).

Rent % Affordability
Above $500 75.9%
Above $700 63.2%
Above $1,100 40.8%
Above $1,500 24.7%
Above $1,900 14.7%
HOUSEHOLD INCOME RANGE

Approximately 2,437 of households in this neighborhood have a total annual income of $80,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,009 per month.

MINIMUM INCOME RANGE : $80,360

Income % Distribution
<$20K 24.1%
$20K-$35K 22.9%
$35K-$60K 28.3%
$60K-$100K 17.2%
>=$100K 7.5%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 13% 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 0.7%
5-9 mins 3.2%
10-14 mins 9.3%
15-19 mins 15.1%
20-29 mins 28.6%
30-44 mins 28.6%
45-59 mins 8.8%
>60 mins 5.8%

ORLANDO Demographics

INDUSTRY

Industry % Distribution
Administrative Support 9.2%
Arts & Entertainment 17.3%
Construction 6.5%
Health Care & Social Assistance 10.5%
Retail & Wholesale Trader 17.8%
Transportation 9.4%
Other 29.3%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 33% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 18.9%
15-19 6.5%
20-24 7.9%
25-44 32.5%
45-65 22.9%
66+ 11.2%
OCCUPATION

Occupation % Distribution
Education 6.7%
Healthcare 7.1%
Management, Business, & Financial 10.0%
Natural Resources Maintenance 9.0%
Production & Transportation 14.2%
Sales & Office 29.2%
Other 23.7%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.5%
High School 30.9%
Masters Degree 4.0%
Some College 20.5%
Some High School 16.9%
Other 16.2%

3812 Redditt Rd Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , ORANGE County , or the 32822 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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