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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.

3905 Sw County Road 18a Lake Butler, FL 32054

5 Beds 3 Baths 952 sqft Built 1971
Last updated:  Jan 23, 2020

INVESTimate

$157,342

$149K - $166K

Price Est.

$1,408

$1.2K - $1.6K

Rent Est.

$169,646  ( +7.82%)   1 YR EST. FORECAST

3905 Sw County Road 18a PROPERTY INFO

FACTS
  • Built In 1971
  • Price/Sqft : $165.28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 952 sqft
  • Baths : 3 Full
PROPERTY DESCRIPTION
3905 Sw County Road 18a, Lake Butler, FL 32054 is a single family home of 952 sqft. HomeUnion estimate for 3905 Sw County Road 18a includes a Price Estimate of $157,342 and a Rent Estimate of $1,408. This single family home has 5 bedrooms, 3 bathrooms, and was built in 1971. This property has an estimated 15 year annualized Yield of 10.74% and Total Return of 28.00%. The estimated 1 year forecast in home value for 3905 Sw County Road 18a is 7.82%.
  
  
  

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3905 Sw County Road 18a SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LAKE BUTLER ELEMENTARY SCHOOL Primary Regular 886 73 8
UNION COUNTY HIGH SCHOOL High Regular 617 46 7

LAKE BUTLER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 886
  • # of teachers: 73
8
GreatSchools Rating

UNION COUNTY HIGH SCHOOL

  • Education Level: High
  • # of students: 617
  • # of teachers: 46
7
GreatSchools Rating
 

Financial Details

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Neighborhood

LAKE BUTLER

  • 12,288

    POPULATION
  • 3,549

    HOUSEHOLDS
  • 43.4%

    WHITE COLLAR

Neighborhood : LAKE BUTLER

HOUSEHOLDS
3,549
POPULATION

12,288

31.8%Renters
68.2%Home Owners
LABOR FORCE

 

43.4%White Collar
56.6%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 $1,408 per month.

MY RENT : $1,408 MEDIAN RENT : $1,239

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 5.9%
$900-999 12.0%
$1,000-1,499 64.4%
>=$1,500 17.6%
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 $1,408 would therefore be considered affordable for annual household incomes greater than $56,320 (12 months x 3.333 x $1,408).

Rent % Affordability
Above $500 73.5%
Above $700 65.1%
Above $1,100 42.5%
Above $1,500 28.4%
Above $1,900 21.1%
HOUSEHOLD INCOME RANGE

Approximately 1,061 of households in this neighborhood have a total annual income of $56,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,408 per month.

MINIMUM INCOME RANGE : $56,320

Income % Distribution
<$20K 26.5%
$20K-$35K 21.4%
$35K-$60K 23.7%
$60K-$100K 20.0%
>=$100K 8.4%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 18.2%
10-14 mins 12.3%
15-19 mins 11.2%
20-29 mins 17.5%
30-44 mins 20.7%
45-59 mins 8.8%
>60 mins 6.4%
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 $1,408 per month.

MY RENT : $1,408 MEDIAN RENT : $1,239

Rent % Distribution
$500-699 0.0%
$700-899 5.9%
$900-999 12.0%
$1,000-1,499 64.4%
>=$1,500 17.6%
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 $1,408 would therefore be considered affordable for annual household incomes greater than $56,320 (12 months x 3.333 x $1,408).

Rent % Affordability
Above $500 73.5%
Above $700 65.1%
Above $1,100 42.5%
Above $1,500 28.4%
Above $1,900 21.1%
HOUSEHOLD INCOME RANGE

Approximately 1,061 of households in this neighborhood have a total annual income of $56,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,408 per month.

MINIMUM INCOME RANGE : $56,320

Income % Distribution
<$20K 26.5%
$20K-$35K 21.4%
$35K-$60K 23.7%
$60K-$100K 20.0%
>=$100K 8.4%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 18.2%
10-14 mins 12.3%
15-19 mins 11.2%
20-29 mins 17.5%
30-44 mins 20.7%
45-59 mins 8.8%
>60 mins 6.4%

LAKE BUTLER Demographics

INDUSTRY

Industry % Distribution
Educational Services 7.2%
Health Care & Social Assistance 12.9%
Manufacturing 6.0%
Public Administration 17.6%
Retail & Wholesale Trader 14.7%
Transportation 7.9%
Other 33.6%
AGE DISTRIBUTION

58% of the population is between the ages of 25 and 64, 30% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 18.0%
15-19 5.8%
20-24 6.1%
25-44 30.9%
45-65 27.5%
66+ 11.8%
OCCUPATION

Occupation % Distribution
Healthcare 10.9%
Management, Business, & Financial 11.0%
Natural Resources Maintenance 11.0%
Production & Transportation 18.8%
Protect 14.3%
Sales & Office 20.4%
Other 13.7%
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 7.0%
High School 40.5%
Masters Degree 1.8%
Some College 20.0%
Some High School 24.5%
Other 6.3%

3905 Sw County Road 18a 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 , UNION County , or the 32054 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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