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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

3830 Lakewood Rd Village Of Palm Springs, FL 33461

0 Beds 1 Baths 1,134 sqft Built 1949
Last updated:  Dec 26, 2019

INVESTimate

$210,247

$204K - $217K

Price Est.

$1,280

$1.2K - $1.4K

Rent Est.

$232,407  ( +10.54%)   1 YR EST. FORECAST
  
  
  

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3830 Lakewood Rd PROPERTY INFO

FACTS
  • Built In 1949
  • Price/Sqft : $185.40
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,134 sqft
  • Baths : 1 Full

3830 Lakewood Rd 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

Lakewood Gardens South

  • 1,174

    POPULATION
  • 387

    HOUSEHOLDS
  • 41.4%

    WHITE COLLAR

Neighborhood : Lakewood Gardens South

HOUSEHOLDS
387
POPULATION

1,174

70.9%Renters
29.1%Home Owners
LABOR FORCE

 

41.4%White Collar
58.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 64% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,280 per month.

MY RENT : $1,280 MEDIAN RENT : $1,341

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 65.0%
>=$1,500 35.0%
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 $1,280 would therefore be considered affordable for annual household incomes greater than $51,200 (12 months x 3.333 x $1,280).

Rent % Affordability
Above $500 64.5%
Above $700 53.4%
Above $1,100 28.7%
Above $1,500 18.1%
Above $1,900 11.7%
HOUSEHOLD INCOME RANGE

Approximately 83 of households in this neighborhood have a total annual income of $51,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,280 per month.

MINIMUM INCOME RANGE : $51,200

Income % Distribution
<$20K 35.5%
$20K-$35K 22.8%
$35K-$60K 23.6%
$60K-$100K 16.8%
>=$100K 1.3%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 1.8%
10-14 mins 16.1%
15-19 mins 14.8%
20-29 mins 16.9%
30-44 mins 36.8%
45-59 mins 2.2%
>60 mins 11.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 64% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,280 per month.

MY RENT : $1,280 MEDIAN RENT : $1,341

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 65.0%
>=$1,500 35.0%
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 $1,280 would therefore be considered affordable for annual household incomes greater than $51,200 (12 months x 3.333 x $1,280).

Rent % Affordability
Above $500 64.5%
Above $700 53.4%
Above $1,100 28.7%
Above $1,500 18.1%
Above $1,900 11.7%
HOUSEHOLD INCOME RANGE

Approximately 83 of households in this neighborhood have a total annual income of $51,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,280 per month.

MINIMUM INCOME RANGE : $51,200

Income % Distribution
<$20K 35.5%
$20K-$35K 22.8%
$35K-$60K 23.6%
$60K-$100K 16.8%
>=$100K 1.3%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 1.8%
10-14 mins 16.1%
15-19 mins 14.8%
20-29 mins 16.9%
30-44 mins 36.8%
45-59 mins 2.2%
>60 mins 11.4%

Lakewood Gardens South Demographics

INDUSTRY

Industry % Distribution
Administrative Support 10.5%
Construction 25.0%
Health Care & Social Assistance 10.9%
Manufacturing 5.6%
Real Estate 8.0%
Retail & Wholesale Trader 24.7%
Other 15.3%
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 27.3%
15-19 6.4%
20-24 5.5%
25-44 32.3%
45-65 22.7%
66+ 5.8%
OCCUPATION

Occupation % Distribution
Clean 11.2%
Healthcare 17.2%
Management, Business, & Financial 10.1%
Natural Resources Maintenance 12.4%
Production & Transportation 18.3%
Sales & Office 27.8%
Other 3.0%
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 28.2%
Professional 1.8%
Some College 18.1%
Some High School 42.5%
Other 2.3%

3830 Lakewood Rd Comps

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3830 Lakewood Rd, Village Of Palm Springs, FL 33461 is a single family home of 1,134 sqft. HomeUnion INVESTimateĀ® for 3830 Lakewood Rd includes a Price Estimate of $210,247 and a Rent Estimate of $1,280. This single family home has 0 bedrooms,1 bathrooms, and was built in 1949. This property has an estimated 15 year annualized Yield of 7.31% and Total Return of 26.97%. The estimated 1 year forecast in home value for 3830 Lakewood Rd 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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