INVESTimate
$81,520
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3858 Lakewood Rd PROPERTY INFO
FACTS
- Built In 1938
- Price/Sqft : $297.22
CONSTRUCTION
- Beds : 0
- Floor Size : 889 sqft
- Baths : 2 Full
3858 Lakewood Rd SCHOOLS
Financial Details
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Lakewood Gardens South
Neighborhood : Lakewood Gardens South
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 66% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,265 per month.
MY RENT : $1,265 MEDIAN RENT : $1,341
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 $1,265 would therefore be considered affordable for annual household incomes greater than $50,600 (12 months x 3.333 x $1,265).
HOUSEHOLD INCOME RANGE
Approximately 84 of households in this neighborhood have a total annual income of $50,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,265 per month.
MINIMUM INCOME RANGE : $50,600
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.
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% |
3858 Lakewood Rd Comps
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3858 Lakewood Rd, Lake Worth, FL 33461 is a single family home of 889 sqft. HomeUnion INVESTimateĀ® for 3858 Lakewood Rd includes a Price Estimate of $264,225 and a Rent Estimate of $1,265. This single family home has 0 bedrooms,2 bathrooms, and was built in 1938. This property has an estimated 15 year annualized Yield of 5.75% and Total Return of 24.01%. The estimated 1 year forecast in home value for 3858 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
