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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.

39 Tortuga Rd Palm Springs, FL 33461

3 Beds 2 Baths 1,503 sqft Built 1959
Last updated:  Dec 26, 2019

INVESTimate

$233,418

$226K - $241K

Price Est.

$1,787

$1.7K - $1.9K

Rent Est.

$261,568  ( +12.06%)   1 YR EST. FORECAST

39 Tortuga Rd PROPERTY INFO

FACTS
  • Built In 1959
  • Price/Sqft : $155.30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,503 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
39 Tortuga Rd, Palm Springs, FL 33461 is a single family home of 1,503 sqft. HomeUnion estimate for 39 Tortuga Rd includes a Price Estimate of $233,418 and a Rent Estimate of $1,787. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1959. This property has an estimated 15 year annualized Yield of 9.19% and Total Return of 35.15%. The estimated 1 year forecast in home value for 39 Tortuga Rd is 12.06%.
  
  
  

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39 Tortuga 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

Palm Springs Village

  • 24,035

    POPULATION
  • 8,247

    HOUSEHOLDS
  • 43.9%

    WHITE COLLAR

Neighborhood : Palm Springs Village

HOUSEHOLDS
8,247
POPULATION

24,035

48.4%Renters
51.6%Home Owners
LABOR FORCE

 

43.9%White Collar
56.1%Blue Collar
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 $1,787 per month.

MY RENT : $1,787 MEDIAN RENT : $1,721

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 27.5%
>=$1,500 72.5%
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 $1,787 would therefore be considered affordable for annual household incomes greater than $71,480 (12 months x 3.333 x $1,787).

Rent % Affordability
Above $500 72.3%
Above $700 60.4%
Above $1,100 37.3%
Above $1,500 23.5%
Above $1,900 15.9%
HOUSEHOLD INCOME RANGE

Approximately 974 of households in this neighborhood have a total annual income of $71,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,787 per month.

MINIMUM INCOME RANGE : $71,480

Income % Distribution
<$20K 27.7%
$20K-$35K 22.7%
$35K-$60K 26.1%
$60K-$100K 16.4%
>=$100K 7.1%
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.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 6.2%
10-14 mins 10.5%
15-19 mins 16.6%
20-29 mins 27.8%
30-44 mins 26.1%
45-59 mins 5.9%
>60 mins 5.4%
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 $1,787 per month.

MY RENT : $1,787 MEDIAN RENT : $1,721

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 27.5%
>=$1,500 72.5%
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 $1,787 would therefore be considered affordable for annual household incomes greater than $71,480 (12 months x 3.333 x $1,787).

Rent % Affordability
Above $500 72.3%
Above $700 60.4%
Above $1,100 37.3%
Above $1,500 23.5%
Above $1,900 15.9%
HOUSEHOLD INCOME RANGE

Approximately 974 of households in this neighborhood have a total annual income of $71,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,787 per month.

MINIMUM INCOME RANGE : $71,480

Income % Distribution
<$20K 27.7%
$20K-$35K 22.7%
$35K-$60K 26.1%
$60K-$100K 16.4%
>=$100K 7.1%
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.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 6.2%
10-14 mins 10.5%
15-19 mins 16.6%
20-29 mins 27.8%
30-44 mins 26.1%
45-59 mins 5.9%
>60 mins 5.4%

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 Tortuga Rd Comps

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