Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

427 Connecticut Ave Lake Helen, FL 32744

3 Beds 1 Baths 984 sqft Built 1978
Last updated:  Jan 23, 2020

INVESTimate

$149,663

$142K - $157K

Price Est.

$1,143

$1.0K - $1.2K

Rent Est.

$165,587  ( +10.64%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,795 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 4211 Brookhead Trail Houston, TX
    • 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1980 ∙ 1units 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1980 ∙ 1units
    AVAILABLE
    • 14.02% GROSS YIELD
    • $7,950 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $119,000
    • $37,285
    • $1,390
  • 533 NARROW BROOK DRIVE Indianapolis, IN
    • 4 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007 ∙ 1units 4 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007 ∙ 1units
    AVAILABLE
    • 13.93% GROSS YIELD
    • $8,115 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $102,500
    • $32,912
    • $1,190

427 Connecticut Ave PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $152.10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 984 sqft
  • Baths : 1 Full

427 Connecticut Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
VOLUSIA PINES ELEMENTARY SCHOOL Primary Regular 624 49 4
DELAND MIDDLE SCHOOL Middle Regular 1,094 67 5
DELAND HIGH SCHOOL High Magnet 2,474 136 7

VOLUSIA PINES ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 49
4
GreatSchools Rating

DELAND MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,094
  • # of teachers: 67
5
GreatSchools Rating

DELAND HIGH SCHOOL

  • Education Level: High
  • # of students: 2,474
  • # of teachers: 136
7
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

Blakewood

  • 130

    POPULATION
  • 57

    HOUSEHOLDS
  • 56.0%

    WHITE COLLAR

Neighborhood : Blakewood

HOUSEHOLDS
57
POPULATION

130

18.5%Renters
81.5%Home Owners
LABOR FORCE

 

56.0%White Collar
44.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 70% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,143 per month.

MY RENT : $1,143 MEDIAN RENT : $1,205

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 6.0%
$1,000-1,499 83.6%
>=$1,500 10.4%
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 $1,143 would therefore be considered affordable for annual household incomes greater than $45,720 (12 months x 3.333 x $1,143).

Rent % Affordability
Above $500 82.5%
Above $700 69.1%
Above $1,100 52.6%
Above $1,500 38.6%
Above $1,900 25.8%
HOUSEHOLD INCOME RANGE

Approximately 25 of households in this neighborhood have a total annual income of $45,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,143 per month.

MINIMUM INCOME RANGE : $45,720

Income % Distribution
<$20K 17.5%
$20K-$35K 21.1%
$35K-$60K 22.8%
$60K-$100K 26.3%
>=$100K 12.3%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 30% 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 4.9%
10-14 mins 23.0%
15-19 mins 23.0%
20-29 mins 18.0%
30-44 mins 18.0%
45-59 mins 6.6%
>60 mins 4.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 70% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,143 per month.

MY RENT : $1,143 MEDIAN RENT : $1,205

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 6.0%
$1,000-1,499 83.6%
>=$1,500 10.4%
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 $1,143 would therefore be considered affordable for annual household incomes greater than $45,720 (12 months x 3.333 x $1,143).

Rent % Affordability
Above $500 82.5%
Above $700 69.1%
Above $1,100 52.6%
Above $1,500 38.6%
Above $1,900 25.8%
HOUSEHOLD INCOME RANGE

Approximately 25 of households in this neighborhood have a total annual income of $45,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,143 per month.

MINIMUM INCOME RANGE : $45,720

Income % Distribution
<$20K 17.5%
$20K-$35K 21.1%
$35K-$60K 22.8%
$60K-$100K 26.3%
>=$100K 12.3%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 30% 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 4.9%
10-14 mins 23.0%
15-19 mins 23.0%
20-29 mins 18.0%
30-44 mins 18.0%
45-59 mins 6.6%
>60 mins 4.9%

Blakewood Demographics

INDUSTRY

Industry % Distribution
Administrative Support 9.5%
Arts & Entertainment 7.9%
Construction 12.7%
Educational Services 9.5%
Health Care & Social Assistance 7.9%
Retail & Wholesale Trader 19.0%
Other 33.3%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 24% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 13.8%
15-19 5.4%
20-24 4.6%
25-44 21.5%
45-65 37.7%
66+ 16.9%
OCCUPATION

Occupation % Distribution
Clean 8.1%
Healthcare 5.4%
Management, Business, & Financial 18.9%
Natural Resources Maintenance 18.9%
Production & Transportation 8.1%
Sales & Office 27.0%
Other 13.5%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.6%
High School 36.5%
Masters Degree 4.8%
Some College 25.0%
Some High School 13.5%
Other 9.6%

427 Connecticut Ave Comps

Sorry, we do not have sufficient data available.

427 Connecticut Ave, Lake Helen, FL 32744 is a single family home of 984 sqft. HomeUnion INVESTimateĀ® for 427 Connecticut Ave includes a Price Estimate of $149,663 and a Rent Estimate of $1,143. This single family home has 3 bedrooms,1 bathrooms, and was built in 1978. This property has an estimated 15 year annualized Yield of 9.16% and Total Return of 27.02%. The estimated 1 year forecast in home value for 427 Connecticut Ave is 10.64%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , VOLUSIA County , or the 32744 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available

Nearest zipcodes within 2 miles

  1. 32724
  2. 32725