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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

424 Spring Ave Anna Maria, FL 34216

3 Beds 2 Baths 1,280 sqft Built 1995
Last updated:  Nov 28, 2019

INVESTimate

$567,202

$529K - $605K

Price Est.

$2,965

$2.5K - $3.4K

Rent Est.

$612,975  ( +8.07%)   1 YR EST. FORECAST
  
  
  

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424 Spring Ave PROPERTY INFO

FACTS
  • Built In 1995
  • Price/Sqft : $443.13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,280 sqft
  • Baths : 2 Full

424 Spring Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ANNA MARIA ELEMENTARY SCHOOL Primary Regular 286 20 9
KING MIDDLE SCHOOL Middle Regular 1,140 66 5
MANATEE HIGH SCHOOL High Regular 2,283 103 6

ANNA MARIA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 286
  • # of teachers: 20
9
GreatSchools Rating

KING MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,140
  • # of teachers: 66
5
GreatSchools Rating

MANATEE HIGH SCHOOL

  • Education Level: High
  • # of students: 2,283
  • # of teachers: 103
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Anna Maria

  • 996

    POPULATION
  • 521

    HOUSEHOLDS
  • 73.7%

    WHITE COLLAR

Neighborhood : Anna Maria

HOUSEHOLDS
521
POPULATION

996

15.1%Renters
84.9%Home Owners
LABOR FORCE

 

73.7%White Collar
26.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,965 per month.

MY RENT : $2,965 MEDIAN RENT : $3,088

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $2,965 would therefore be considered affordable for annual household incomes greater than $118,600 (12 months x 3.333 x $2,965).

Rent % Affordability
Above $500 75.3%
Above $700 61.4%
Above $1,100 50.2%
Above $1,500 46.0%
Above $1,900 27.4%
HOUSEHOLD INCOME RANGE

Approximately 52 of households in this neighborhood have a total annual income of $118,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,965 per month.

MINIMUM INCOME RANGE : $118,600

Income % Distribution
<$20K 24.7%
$20K-$35K 17.2%
$35K-$60K 12.1%
$60K-$100K 27.0%
>=$100K 19.0%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 21.1%
10-14 mins 10.5%
15-19 mins 5.1%
20-29 mins 25.2%
30-44 mins 25.2%
45-59 mins 0.3%
>60 mins 11.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,965 per month.

MY RENT : $2,965 MEDIAN RENT : $3,088

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $2,965 would therefore be considered affordable for annual household incomes greater than $118,600 (12 months x 3.333 x $2,965).

Rent % Affordability
Above $500 75.3%
Above $700 61.4%
Above $1,100 50.2%
Above $1,500 46.0%
Above $1,900 27.4%
HOUSEHOLD INCOME RANGE

Approximately 52 of households in this neighborhood have a total annual income of $118,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,965 per month.

MINIMUM INCOME RANGE : $118,600

Income % Distribution
<$20K 24.7%
$20K-$35K 17.2%
$35K-$60K 12.1%
$60K-$100K 27.0%
>=$100K 19.0%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 21.1%
10-14 mins 10.5%
15-19 mins 5.1%
20-29 mins 25.2%
30-44 mins 25.2%
45-59 mins 0.3%
>60 mins 11.6%

Anna Maria Demographics

INDUSTRY

Industry % Distribution
Construction 12.4%
Health Care & Social Assistance 10.6%
Professional & Scientific Tech Services 17.1%
Real Estate 10.6%
Retail & Wholesale Trader 8.8%
Transportation 7.4%
Other 33.2%
AGE DISTRIBUTION

39% of the population is between the ages of 25 and 64, 14% is 24 or younger and 48% is 65 or older.

Age % Distribution
<15 4.1%
15-19 3.6%
20-24 6.1%
25-44 4.8%
45-65 33.7%
66+ 47.6%
OCCUPATION

Occupation % Distribution
Clean 6.5%
Computer Engineering 8.9%
Management, Business, & Financial 25.4%
Natural Resources Maintenance 8.1%
Production & Transportation 8.1%
Sales & Office 29.4%
Other 13.7%
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 9.0%
Doctorate 3.7%
High School 27.5%
Masters Degree 14.5%
Some College 16.4%
Other 28.9%

424 Spring Ave Comps

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424 Spring Ave, Anna Maria, FL 34216 is a single family home of 1,280 sqft. HomeUnion INVESTimateĀ® for 424 Spring Ave includes a Price Estimate of $567,202 and a Rent Estimate of $2,965. This single family home has 3 bedrooms,2 bathrooms, and was built in 1995. This property has an estimated 15 year annualized Yield of 6.27% and Total Return of 20.07%. The estimated 1 year forecast in home value for 424 Spring Ave is 8.07%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , MANATEE County , or the 34216 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 34217