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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

4308 123rd St W Cortez, FL 34215

2 Beds 1 Baths 760 sqft Built 1972
Last updated:  Nov 28, 2019

INVESTimate

$596,531

$557K - $636K

Price Est.

$1,772

$1.5K - $2.0K

Rent Est.

$650,338  ( +9.02%)   1 YR EST. FORECAST
  
  
  

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4308 123rd St W PROPERTY INFO

FACTS
  • Built In 1972
  • Price/Sqft : $784.91
CONSTRUCTION
  • Beds : 2
  • Floor Size : 760 sqft
  • Baths : 1 Full

4308 123rd St W SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SEA BREEZE ELEMENTARY SCHOOL Primary Regular 601 43 5
SUGG MIDDLE SCHOOL Middle Regular 792 44 3
BAYSHORE HIGH SCHOOL High Regular 1,528 80 3

SEA BREEZE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 601
  • # of teachers: 43
5
GreatSchools Rating

SUGG MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 792
  • # of teachers: 44
3
GreatSchools Rating

BAYSHORE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,528
  • # of teachers: 80
3
GreatSchools Rating
 

Financial Details

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Neighborhood

Cortez

  • 3,865

    POPULATION
  • 1,980

    HOUSEHOLDS
  • 70.3%

    WHITE COLLAR

Neighborhood : Cortez

HOUSEHOLDS
1,980
POPULATION

3,865

24.5%Renters
75.5%Home Owners
LABOR FORCE

 

70.3%White Collar
29.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,772 per month.

MY RENT : $1,772 MEDIAN RENT : $2,172

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 3.3%
>=$1,500 96.7%
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 $1,772 would therefore be considered affordable for annual household incomes greater than $70,880 (12 months x 3.333 x $1,772).

Rent % Affordability
Above $500 85.0%
Above $700 73.8%
Above $1,100 59.4%
Above $1,500 41.7%
Above $1,900 27.6%
HOUSEHOLD INCOME RANGE

Approximately 493 of households in this neighborhood have a total annual income of $70,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,772 per month.

MINIMUM INCOME RANGE : $70,880

Income % Distribution
<$20K 15.0%
$20K-$35K 18.8%
$35K-$60K 24.5%
$60K-$100K 23.8%
>=$100K 18.0%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 40% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 11.2%
10-14 mins 27.0%
15-19 mins 14.6%
20-29 mins 23.3%
30-44 mins 12.9%
45-59 mins 2.7%
>60 mins 6.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,772 per month.

MY RENT : $1,772 MEDIAN RENT : $2,172

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 3.3%
>=$1,500 96.7%
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 $1,772 would therefore be considered affordable for annual household incomes greater than $70,880 (12 months x 3.333 x $1,772).

Rent % Affordability
Above $500 85.0%
Above $700 73.8%
Above $1,100 59.4%
Above $1,500 41.7%
Above $1,900 27.6%
HOUSEHOLD INCOME RANGE

Approximately 493 of households in this neighborhood have a total annual income of $70,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,772 per month.

MINIMUM INCOME RANGE : $70,880

Income % Distribution
<$20K 15.0%
$20K-$35K 18.8%
$35K-$60K 24.5%
$60K-$100K 23.8%
>=$100K 18.0%
COMMUTE TIME DISTRIBUTION

51% of the working population has a commute time of 15 to 44 minutes, 40% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 11.2%
10-14 mins 27.0%
15-19 mins 14.6%
20-29 mins 23.3%
30-44 mins 12.9%
45-59 mins 2.7%
>60 mins 6.8%

Cortez Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 16.2%
Educational Services 11.3%
Health Care & Social Assistance 18.1%
Manufacturing 7.1%
Real Estate 5.7%
Retail & Wholesale Trader 12.4%
Other 29.2%
AGE DISTRIBUTION

40% of the population is between the ages of 25 and 64, 15% is 24 or younger and 45% is 65 or older.

Age % Distribution
<15 6.0%
15-19 4.5%
20-24 4.7%
25-44 10.3%
45-65 29.4%
66+ 45.0%
OCCUPATION

Occupation % Distribution
Education 12.1%
Healthcare 15.3%
Management, Business, & Financial 26.3%
Production & Transportation 12.6%
Sales & Office 12.7%
Social 4.6%
Other 16.5%
HIGHEST EDUCATION LEVEL

28% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.4%
High School 25.4%
Masters Degree 16.0%
Some College 22.1%
Some High School 6.4%
Other 20.7%

4308 123rd St W Comps

Sorry, we do not have sufficient data available.

4308 123rd St W, Cortez, FL 34215 is a single family home of 760 sqft. HomeUnion INVESTimateĀ® for 4308 123rd St W includes a Price Estimate of $596,531 and a Rent Estimate of $1,772. This single family home has 2 bedrooms,1 bathrooms, and was built in 1972. This property has an estimated 15 year annualized Yield of 3.56% and Total Return of 18.50%. The estimated 1 year forecast in home value for 4308 123rd St W is 9.02%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , MANATEE County , or the 34215 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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