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This page contains aggregated information about each property, 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 about INVESTimate

397 Chamberlain Dr Lake Alfred, FL 33850

3 Beds 3 Baths 1,408 sqft Built 1970
Last updated:  Jan 23, 2020

INVESTimate

$184,621

$161K - $209K

Price Est.

$1,357

$1.2K - $1.5K

Rent Est.

$199,926  ( +8.29%)   1 YR EST. FORECAST
  
  
  

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397 Chamberlain Dr PROPERTY INFO

FACTS
  • Built In 1970
  • Price/Sqft : $131.12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,408 sqft
  • Baths : 3 Full

397 Chamberlain Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WALTER CALDWELL ELEMENTARY SCHOOL Primary Regular 621 41 3
JERE L. STAMBAUGH MIDDLE SCHOOL Middle Regular 879 54 3
AUBURNDALE SENIOR HIGH SCHOOL High Regular 1,475 91 4

WALTER CALDWELL ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 621
  • # of teachers: 41
3
GreatSchools Rating

JERE L. STAMBAUGH MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 879
  • # of teachers: 54
3
GreatSchools Rating

AUBURNDALE SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 1,475
  • # of teachers: 91
4
GreatSchools Rating
 

Financial Details

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Neighborhood

Mariana Shores

  • 28

    POPULATION
  • 11

    HOUSEHOLDS
  • 37.7%

    WHITE COLLAR

Neighborhood : Mariana Shores

HOUSEHOLDS
11
POPULATION

28

20.0%Renters
80.0%Home Owners
LABOR FORCE

 

37.7%White Collar
62.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,357 per month.

MY RENT : $1,357 MEDIAN RENT : $1,210

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 6.7%
$900-999 6.7%
$1,000-1,499 73.3%
>=$1,500 13.3%
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 $1,357 would therefore be considered affordable for annual household incomes greater than $54,280 (12 months x 3.333 x $1,357).

Rent % Affordability
Above $500 63.6%
Above $700 47.3%
Above $1,100 27.3%
Above $1,500 9.1%
Above $1,900 8.7%
HOUSEHOLD INCOME RANGE

Approximately 1 of households in this neighborhood have a total annual income of $54,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,357 per month.

MINIMUM INCOME RANGE : $54,280

Income % Distribution
<$20K 36.4%
$20K-$35K 36.4%
$35K-$60K 18.2%
$60K-$100K 9.1%
>=$100K -0.0%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 11% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.0%
10-14 mins 11.1%
15-19 mins 0.0%
20-29 mins 44.4%
30-44 mins 22.2%
45-59 mins 22.2%
>60 mins 0.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,357 per month.

MY RENT : $1,357 MEDIAN RENT : $1,210

Rent % Distribution
$500-699 0.0%
$700-899 6.7%
$900-999 6.7%
$1,000-1,499 73.3%
>=$1,500 13.3%
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 $1,357 would therefore be considered affordable for annual household incomes greater than $54,280 (12 months x 3.333 x $1,357).

Rent % Affordability
Above $500 63.6%
Above $700 47.3%
Above $1,100 27.3%
Above $1,500 9.1%
Above $1,900 8.7%
HOUSEHOLD INCOME RANGE

Approximately 1 of households in this neighborhood have a total annual income of $54,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,357 per month.

MINIMUM INCOME RANGE : $54,280

Income % Distribution
<$20K 36.4%
$20K-$35K 36.4%
$35K-$60K 18.2%
$60K-$100K 9.1%
>=$100K -0.0%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 11% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.0%
10-14 mins 11.1%
15-19 mins 0.0%
20-29 mins 44.4%
30-44 mins 22.2%
45-59 mins 22.2%
>60 mins 0.0%

Mariana Shores Demographics

INDUSTRY

Industry % Distribution
Administrative Support 37.5%
Arts & Entertainment 12.5%
Educational Services 12.5%
Manufacturing 12.5%
Public Administration 12.5%
Transportation 0.0%
Other 12.5%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 18% is 24 or younger and 36% is 65 or older.

Age % Distribution
<15 0.0%
15-19 3.6%
20-24 14.3%
25-44 14.3%
45-65 32.1%
66+ 35.7%
OCCUPATION

Occupation % Distribution
Natural Resources Maintenance 16.7%
PCare 0.0%
Production & Transportation 33.3%
Protect 0.0%
Sales & Office 33.3%
Social 16.7%
Other -0.0%
HIGHEST EDUCATION LEVEL

5% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.8%
High School 47.6%
Professional 0.0%
Some College 14.3%
Some High School 23.8%
Other 9.5%

397 Chamberlain Dr Comps

Sorry, we do not have sufficient data available.

397 Chamberlain Dr, Lake Alfred, FL 33850 is a single family home of 1,408 sqft. HomeUnion INVESTimateĀ® for 397 Chamberlain Dr includes a Price Estimate of $184,621 and a Rent Estimate of $1,357. This single family home has 3 bedrooms,3 bathrooms, and was built in 1970. This property has an estimated 15 year annualized Yield of 8.82% and Total Return of 22.87%. The estimated 1 year forecast in home value for 397 Chamberlain Dr is 8.29%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , POLK County , or the 33850 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 33881
  2. 33880
  3. 33823
  4. 33844