INVESTimate
$79,983
Financial Details39 Andros Rd PROPERTY INFO
FACTS
- Built In 1966
- Price/Sqft : $162.84
CONSTRUCTION
- Beds : 4
- Floor Size : 1,587 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
39 Andros Rd, Palm Springs, FL 33461 is a single family home of 1,587 sqft. HomeUnion estimate for 39 Andros Rd includes a Price Estimate of $258,425 and a Rent Estimate of $1,875. This single family home has 4 bedrooms, 2 bathrooms, and was built in 1966. This property has an estimated 15 year annualized Yield of 8.71% and Total Return of 34.66%. The estimated 1 year forecast in home value for 39 Andros Rd is 12.06%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
39 Andros Rd SCHOOLS
Financial Details
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Palm Springs Village
Neighborhood : Palm Springs Village
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,875 per month.
MY RENT : $1,875 MEDIAN RENT : $1,721
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 $1,875 would therefore be considered affordable for annual household incomes greater than $75,000 (12 months x 3.333 x $1,875).
HOUSEHOLD INCOME RANGE
Approximately 927 of households in this neighborhood have a total annual income of $75,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,875 per month.
MINIMUM INCOME RANGE : $75,000
COMMUTE TIME DISTRIBUTION
70% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.
Palm Springs Village Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 7.1% |
| Arts & Entertainment | 11.2% |
| Construction | 11.6% |
| Health Care & Social Assistance | 11.9% |
| Manufacturing | 4.3% |
| Retail & Wholesale Trader | 21.0% |
| Other | 33.0% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 36% is 24 or younger and 11% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 22.1% |
| 15-19 | 4.9% |
| 20-24 | 8.9% |
| 25-44 | 29.1% |
| 45-65 | 23.5% |
| 66+ | 11.5% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 10.9% |
| Healthcare | 6.7% |
| Management, Business, & Financial | 8.7% |
| Natural Resources Maintenance | 15.2% |
| Production & Transportation | 13.1% |
| Sales & Office | 25.2% |
| Other | 20.2% |
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 | 7.6% |
| High School | 32.6% |
| Masters Degree | 3.4% |
| Some College | 20.5% |
| Some High School | 24.7% |
| Other | 11.1% |
39 Andros Rd Comps
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