1. < Shore Dr

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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

383 Shore Dr Miramar Beach, FL 32550

4 Beds 2 Baths 2,110 sqft Built 1993
Last updated:  Jun 30, 2018

INVESTimate

$335,930

$324K - $348K

Price Est.

$2,004

$1.9K - $2.1K

Rent Est.

$100,521

Investment Est.

$354,675  ( +5.58%)   1 YR EST. FORECAST

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383 Shore Dr PROPERTY INFO

FACTS
  • Built In 1993
  • Price/Sqft : $159.21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,110 sqft
  • Baths : 2 Full

383 Shore Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
EMERALD COAST MIDDLE SCHOOL Primary Regular 525 32 NA
EMERALD COAST MIDDLE SCHOOL Middle Regular 525 32 NA
SOUTH WALTON HIGH SCHOOL High Regular 628 34 NA

EMERALD COAST MIDDLE SCHOOL

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 32
-1
GreatSchools Rating

EMERALD COAST MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 525
  • # of teachers: 32
-1
GreatSchools Rating

SOUTH WALTON HIGH SCHOOL

  • Education Level: High
  • # of students: 628
  • # of teachers: 34
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

MIRAMAR BEACH

  • 8,204

    POPULATION

  • 3,831

    HOUSEHOLDS

  • 75.0%

    WHITE COLLAR

Neighborhood : MIRAMAR BEACH

HOUSEHOLDS
3,831
POPULATION

8,204

26.1%Renters
73.9%Home Owners
LABOR FORCE

 

75.0%White Collar
25.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,004 per month.

MY RENT : $2,004 MEDIAN RENT : $1,925

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.3%
>=$1,500 98.6%
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 $2,004 would therefore be considered affordable for annual household incomes greater than $80,160 (12 months x 3.333 x $2,004).

Rent % Affordability
Above $500 89.7%
Above $700 84.0%
Above $1,100 68.1%
Above $1,500 53.4%
Above $1,900 44.5%
HOUSEHOLD INCOME RANGE

Approximately 1,500 of households in this neighborhood have a total annual income of $80,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,004 per month.

MINIMUM INCOME RANGE : $80,160

Income % Distribution
<$20K 10.3%
$20K-$35K 12.5%
$35K-$60K 23.9%
$60K-$100K 17.8%
>=$100K 35.6%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.4%
5-9 mins 15.9%
10-14 mins 16.1%
15-19 mins 16.9%
20-29 mins 18.4%
30-44 mins 16.9%
45-59 mins 4.8%
>60 mins 4.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,004 per month.

MY RENT : $2,004 MEDIAN RENT : $1,925

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.3%
>=$1,500 98.6%
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 $2,004 would therefore be considered affordable for annual household incomes greater than $80,160 (12 months x 3.333 x $2,004).

Rent % Affordability
Above $500 89.7%
Above $700 84.0%
Above $1,100 68.1%
Above $1,500 53.4%
Above $1,900 44.5%
HOUSEHOLD INCOME RANGE

Approximately 1,500 of households in this neighborhood have a total annual income of $80,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,004 per month.

MINIMUM INCOME RANGE : $80,160

Income % Distribution
<$20K 10.3%
$20K-$35K 12.5%
$35K-$60K 23.9%
$60K-$100K 17.8%
>=$100K 35.6%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.4%
5-9 mins 15.9%
10-14 mins 16.1%
15-19 mins 16.9%
20-29 mins 18.4%
30-44 mins 16.9%
45-59 mins 4.8%
>60 mins 4.7%
MIRAMAR BEACH Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 18.7%
Health Care & Social Assistance 8.0%
Professional & Scientific Tech Services 10.0%
Real Estate 11.3%
Retail & Wholesale Trader 12.3%
Transportation 6.1%
Other 33.6%
OCCUPATION

           

Occupation % Distribution
Construction 5.8%
Education 9.0%
Management, Business, & Financial 32.8%
Natural Resources Maintenance 5.4%
Production & Transportation 5.0%
Sales & Office 23.0%
Other 18.9%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 13.0%
15-19 2.2%
20-24 4.1%
25-44 21.0%
45-65 29.6%
66+ 30.0%
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 11.6%
Doctorate 3.3%
High School 13.3%
Masters Degree 10.2%
Some College 24.4%
Other 37.2%

MIRAMAR BEACH Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 18.7%
Health Care & Social Assistance 8.0%
Professional & Scientific Tech Services 10.0%
Real Estate 11.3%
Retail & Wholesale Trader 12.3%
Transportation 6.1%
Other 33.6%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 19% is 24 or younger and 30% is 65 or older.

Age % Distribution
<15 13.0%
15-19 2.2%
20-24 4.1%
25-44 21.0%
45-65 29.6%
66+ 30.0%
OCCUPATION

Occupation % Distribution
Construction 5.8%
Education 9.0%
Management, Business, & Financial 32.8%
Natural Resources Maintenance 5.4%
Production & Transportation 5.0%
Sales & Office 23.0%
Other 18.9%
HIGHEST EDUCATION LEVEL

27% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.6%
Doctorate 3.3%
High School 13.3%
Masters Degree 10.2%
Some College 24.4%
Other 37.2%

383 Shore Dr Comps

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383 Shore Dr, Miramar Beach, FL 32550 is a single family home of 2,110 sqft. HomeUnion INVESTimate® for 383 Shore Dr includes a Price Estimate of $335,930 and a Rent Estimate of $2,004. This single family home has 4 bedrooms,2 bathrooms, and was built in 1993. This property has an estimated 15 year annualized Yield of 7.16% and Total Return of 18.48%. The estimated 1 year forecast in home value for 383 Shore Dr is 5.58%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL, WALTON County, or the 32550 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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