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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

417 New Mexico Dr Mexico Beach, FL 32456

2 Beds 3 Baths 1,652 sqft Built 2012
Last updated:  Nov 28, 2019

INVESTimate

$528,181

$502K - $554K

Price Est.

$1,925

$1.6K - $2.2K

Rent Est.

$583,429  ( +10.46%)   1 YR EST. FORECAST
  
  
  

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417 New Mexico Dr PROPERTY INFO

FACTS
  • Built In 2012
  • Price/Sqft : $319.72
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,652 sqft
  • Baths : 2 Full 1 Half

417 New Mexico Dr SCHOOLS

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Financial Details

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Neighborhood

Mexico Beach

  • 772

    POPULATION
  • 382

    HOUSEHOLDS
  • 61.3%

    WHITE COLLAR

Neighborhood : Mexico Beach

HOUSEHOLDS
382
POPULATION

772

37.6%Renters
62.4%Home Owners
LABOR FORCE

 

61.3%White Collar
38.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,925 per month.

MY RENT : $1,925 MEDIAN RENT : $1,737

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.2%
$900-999 0.2%
$1,000-1,499 25.1%
>=$1,500 74.4%
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 $1,925 would therefore be considered affordable for annual household incomes greater than $77,000 (12 months x 3.333 x $1,925).

Rent % Affordability
Above $500 86.5%
Above $700 78.3%
Above $1,100 59.7%
Above $1,500 44.3%
Above $1,900 31.2%
HOUSEHOLD INCOME RANGE

Approximately 108 of households in this neighborhood have a total annual income of $77,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,925 per month.

MINIMUM INCOME RANGE : $77,000

Income % Distribution
<$20K 13.5%
$20K-$35K 14.1%
$35K-$60K 28.1%
$60K-$100K 21.1%
>=$100K 23.2%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.5%
5-9 mins 6.1%
10-14 mins 2.9%
15-19 mins 19.4%
20-29 mins 30.5%
30-44 mins 15.8%
45-59 mins 6.1%
>60 mins 11.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,925 per month.

MY RENT : $1,925 MEDIAN RENT : $1,737

Rent % Distribution
$500-699 0.0%
$700-899 0.2%
$900-999 0.2%
$1,000-1,499 25.1%
>=$1,500 74.4%
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 $1,925 would therefore be considered affordable for annual household incomes greater than $77,000 (12 months x 3.333 x $1,925).

Rent % Affordability
Above $500 86.5%
Above $700 78.3%
Above $1,100 59.7%
Above $1,500 44.3%
Above $1,900 31.2%
HOUSEHOLD INCOME RANGE

Approximately 108 of households in this neighborhood have a total annual income of $77,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,925 per month.

MINIMUM INCOME RANGE : $77,000

Income % Distribution
<$20K 13.5%
$20K-$35K 14.1%
$35K-$60K 28.1%
$60K-$100K 21.1%
>=$100K 23.2%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.5%
5-9 mins 6.1%
10-14 mins 2.9%
15-19 mins 19.4%
20-29 mins 30.5%
30-44 mins 15.8%
45-59 mins 6.1%
>60 mins 11.8%

Mexico Beach Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.8%
Arts & Entertainment 7.4%
Construction 7.4%
Educational Services 8.9%
Health Care & Social Assistance 21.0%
Retail & Wholesale Trader 14.8%
Other 32.7%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 13% is 24 or younger and 31% is 65 or older.

Age % Distribution
<15 5.6%
15-19 2.2%
20-24 5.7%
25-44 22.2%
45-65 33.5%
66+ 30.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.1%
Healthcare 28.0%
Management, Business, & Financial 18.6%
Natural Resources Maintenance 13.0%
Production & Transportation 3.7%
Sales & Office 18.6%
Other 9.9%
HIGHEST EDUCATION LEVEL

30% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.8%
High School 22.2%
Masters Degree 12.6%
Some College 21.2%
Some High School 7.7%
Other 24.5%

417 New Mexico Dr Comps

Sorry, we do not have sufficient data available.

417 New Mexico Dr, Mexico Beach, FL 32456 is a single family home of 1,652 sqft. HomeUnion INVESTimateĀ® for 417 New Mexico Dr includes a Price Estimate of $528,181 and a Rent Estimate of $1,925. This single family home has 2 bedrooms,3 bathrooms, and was built in 2012. This property has an estimated 15 year annualized Yield of 4.37% and Total Return of 24.04%. The estimated 1 year forecast in home value for 417 New Mexico Dr is 10.46%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , BAY County , or the 32456 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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