1. < Mulberry Sw Dr

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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.

388 Sw Mulberry Dr Lake City, FL 32024

4 Beds 3 Baths 3,020 sqft Built 2015
Last updated:  Dec 26, 2019

INVESTimate

$316,479

$308K - $325K

Price Est.

$1,819

$1.5K - $2.1K

Rent Est.

$95,367

Investment Est.

$333,316  ( +5.32%)   1 YR EST. FORECAST

388 Sw Mulberry Dr PROPERTY INFO

FACTS
  • Built In 2015
  • Price/Sqft : $104.79
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,020 sqft
  • Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
388 Sw Mulberry Dr, Lake City, FL 32024 is a single family home of 3,020 sqft. HomeUnion estimate for 388 Sw Mulberry Dr includes a Price Estimate of $316,479 and a Rent Estimate of $1,819. This single family home has 4 bedrooms, 3 bathrooms, and was built in 2015. This property has an estimated 15 year annualized Yield of 6.90% and Total Return of 17.42%. The estimated 1 year forecast in home value for 388 Sw Mulberry Dr is 5.32%.

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388 Sw Mulberry Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WESTSIDE ELEMENTARY SCHOOL Primary Regular 706 46 9
LAKE CITY MIDDLE SCHOOL Middle Regular 1,099 57 7
COLUMBIA HIGH SCHOOL High Regular 1,731 105 4

WESTSIDE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 46
9
GreatSchools Rating

LAKE CITY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,099
  • # of teachers: 57
7
GreatSchools Rating

COLUMBIA HIGH SCHOOL

  • Education Level: High
  • # of students: 1,731
  • # of teachers: 105
4
GreatSchools Rating
 

Financial Details

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Neighborhood

LAKE CITY

  • 19,630

    POPULATION

  • 6,779

    HOUSEHOLDS

  • 57.3%

    WHITE COLLAR

Neighborhood : LAKE CITY

HOUSEHOLDS
6,779
POPULATION

19,630

17.4%Renters
82.6%Home Owners
LABOR FORCE

 

57.3%White Collar
42.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,819 per month.

MY RENT : $1,819 MEDIAN RENT : $1,423

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 71.5%
>=$1,500 28.5%
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 $1,819 would therefore be considered affordable for annual household incomes greater than $72,760 (12 months x 3.333 x $1,819).

Rent % Affordability
Above $500 81.8%
Above $700 70.9%
Above $1,100 54.1%
Above $1,500 40.8%
Above $1,900 27.3%
HOUSEHOLD INCOME RANGE

Approximately 1,579 of households in this neighborhood have a total annual income of $72,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,819 per month.

MINIMUM INCOME RANGE : $72,760

Income % Distribution
<$20K 18.2%
$20K-$35K 17.9%
$35K-$60K 23.1%
$60K-$100K 24.0%
>=$100K 16.8%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 6.4%
10-14 mins 14.0%
15-19 mins 22.8%
20-29 mins 25.6%
30-44 mins 14.4%
45-59 mins 9.0%
>60 mins 6.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,819 per month.

MY RENT : $1,819 MEDIAN RENT : $1,423

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 71.5%
>=$1,500 28.5%
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 $1,819 would therefore be considered affordable for annual household incomes greater than $72,760 (12 months x 3.333 x $1,819).

Rent % Affordability
Above $500 81.8%
Above $700 70.9%
Above $1,100 54.1%
Above $1,500 40.8%
Above $1,900 27.3%
HOUSEHOLD INCOME RANGE

Approximately 1,579 of households in this neighborhood have a total annual income of $72,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,819 per month.

MINIMUM INCOME RANGE : $72,760

Income % Distribution
<$20K 18.2%
$20K-$35K 17.9%
$35K-$60K 23.1%
$60K-$100K 24.0%
>=$100K 16.8%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 6.4%
10-14 mins 14.0%
15-19 mins 22.8%
20-29 mins 25.6%
30-44 mins 14.4%
45-59 mins 9.0%
>60 mins 6.9%
LAKE CITY Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 7.2%
Construction 8.5%
Health Care & Social Assistance 15.2%
Public Administration 11.3%
Retail & Wholesale Trader 17.9%
Transportation 7.2%
Other 32.8%
OCCUPATION

           

Occupation % Distribution
Healthcare 9.8%
Management, Business, & Financial 13.0%
Natural Resources Maintenance 14.3%
Production & Transportation 10.9%
Protect 5.6%
Sales & Office 26.8%
Other 19.5%
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 20.5%
15-19 6.7%
20-24 5.9%
25-44 22.1%
45-65 27.7%
66+ 17.1%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level % Distribution
Associates Degree 11.0%
High School 38.8%
Masters Degree 4.0%
Some College 22.6%
Some High School 11.8%
Other 11.9%

LAKE CITY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.2%
Construction 8.5%
Health Care & Social Assistance 15.2%
Public Administration 11.3%
Retail & Wholesale Trader 17.9%
Transportation 7.2%
Other 32.8%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 33% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 20.5%
15-19 6.7%
20-24 5.9%
25-44 22.1%
45-65 27.7%
66+ 17.1%
OCCUPATION

Occupation % Distribution
Healthcare 9.8%
Management, Business, & Financial 13.0%
Natural Resources Maintenance 14.3%
Production & Transportation 10.9%
Protect 5.6%
Sales & Office 26.8%
Other 19.5%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.0%
High School 38.8%
Masters Degree 4.0%
Some College 22.6%
Some High School 11.8%
Other 11.9%

388 Sw Mulberry Dr 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 , COLUMBIA County , or the 32024 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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