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This page contains aggregated information about each property, 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 about INVESTimate

3814 Riedel Ave Palm Springs, FL 33461

0 Beds 3 Baths 1,880 sqft Built 1949
Last updated:  Dec 26, 2019

INVESTimate

$259,888

$252K - $268K

Price Est.

$1,627

$1.5K - $1.7K

Rent Est.

$287,280  ( +10.54%)   1 YR EST. FORECAST
  
  
  

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3814 Riedel Ave PROPERTY INFO

FACTS
  • Built In 1949
  • Price/Sqft : $138.24
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,880 sqft
  • Baths : 3 Full

3814 Riedel Ave 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

Lake Echo

  • 216

    POPULATION
  • 65

    HOUSEHOLDS
  • 41.0%

    WHITE COLLAR

Neighborhood : Lake Echo

HOUSEHOLDS
65
POPULATION

216

42.4%Renters
57.6%Home Owners
LABOR FORCE

 

41.0%White Collar
59.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 39% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,627 per month.

MY RENT : $1,627 MEDIAN RENT : $1,460

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 60.8%
>=$1,500 39.2%
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 $1,627 would therefore be considered affordable for annual household incomes greater than $65,080 (12 months x 3.333 x $1,627).

Rent % Affordability
Above $500 84.6%
Above $700 74.8%
Above $1,100 44.3%
Above $1,500 26.2%
Above $1,900 21.0%
HOUSEHOLD INCOME RANGE

Approximately 9 of households in this neighborhood have a total annual income of $65,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,627 per month.

MINIMUM INCOME RANGE : $65,080

Income % Distribution
<$20K 15.4%
$20K-$35K 20.0%
$35K-$60K 38.5%
$60K-$100K 18.5%
>=$100K 7.7%
COMMUTE TIME DISTRIBUTION

76% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.7%
5-9 mins 8.4%
10-14 mins 11.2%
15-19 mins 15.0%
20-29 mins 31.8%
30-44 mins 29.0%
45-59 mins 0.0%
>60 mins 0.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 39% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,627 per month.

MY RENT : $1,627 MEDIAN RENT : $1,460

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 60.8%
>=$1,500 39.2%
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 $1,627 would therefore be considered affordable for annual household incomes greater than $65,080 (12 months x 3.333 x $1,627).

Rent % Affordability
Above $500 84.6%
Above $700 74.8%
Above $1,100 44.3%
Above $1,500 26.2%
Above $1,900 21.0%
HOUSEHOLD INCOME RANGE

Approximately 9 of households in this neighborhood have a total annual income of $65,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,627 per month.

MINIMUM INCOME RANGE : $65,080

Income % Distribution
<$20K 15.4%
$20K-$35K 20.0%
$35K-$60K 38.5%
$60K-$100K 18.5%
>=$100K 7.7%
COMMUTE TIME DISTRIBUTION

76% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.7%
5-9 mins 8.4%
10-14 mins 11.2%
15-19 mins 15.0%
20-29 mins 31.8%
30-44 mins 29.0%
45-59 mins 0.0%
>60 mins 0.9%

Lake Echo Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 14.5%
Construction 8.2%
Educational Services 10.9%
Health Care & Social Assistance 7.3%
Manufacturing 9.1%
Retail & Wholesale Trader 17.3%
Other 32.7%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 38% is 24 or younger and 4% is 65 or older.

Age % Distribution
<15 22.2%
15-19 8.8%
20-24 7.4%
25-44 42.6%
45-65 14.8%
66+ 4.2%
OCCUPATION

Occupation % Distribution
Clean 7.7%
Healthcare 7.7%
Management, Business, & Financial 9.0%
Natural Resources Maintenance 12.8%
Production & Transportation 23.1%
Sales & Office 32.1%
Other 7.7%
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 9.5%
High School 32.8%
Masters Degree 5.1%
Some College 19.7%
Some High School 24.1%
Other 8.8%

3814 Riedel Ave Comps

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3814 Riedel Ave, Palm Springs, FL 33461 is a single family home of 1,880 sqft. HomeUnion INVESTimateĀ® for 3814 Riedel Ave includes a Price Estimate of $259,888 and a Rent Estimate of $1,627. This single family home has 0 bedrooms,3 bathrooms, and was built in 1949. This property has an estimated 15 year annualized Yield of 7.51% and Total Return of 29.29%. The estimated 1 year forecast in home value for 3814 Riedel Ave is 10.54%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , PALM BEACH County , or the 33461 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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