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This page contains information about each property aggregated from public data sources, 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.

4322 Royal Banyan Way C Lake Worth, FL 33461

2 Beds 1 Baths 1,014 sqft Built 1983
Last updated:  Dec 26, 2019

INVESTimate

$107,374

$104K - $111K

Price Est.

$1,175

$1.1K - $1.2K

Rent Est.

$118,691  ( +10.54%)   1 YR EST. FORECAST

4322 Royal Banyan Way C PROPERTY INFO

FACTS
  • Built In 1983
  • Price/Sqft : $105.89
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,014 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
4322 Royal Banyan Way C, Lake Worth, FL 33461 is a single family home of 1,014 sqft. HomeUnion estimate for 4322 Royal Banyan Way C includes a Price Estimate of $107,374 and a Rent Estimate of $1,175. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1983. This property has an estimated 15 year annualized Yield of 13.13% and Total Return of 39.79%. The estimated 1 year forecast in home value for 4322 Royal Banyan Way C is 10.54%.
  
  
  

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4322 Royal Banyan Way C SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
DIAMOND VIEW ELEMENTARY SCHOOL Primary Regular 1,078 74 5
TRADEWINDS MIDDLE SCHOOL Middle Magnet 1,214 73 5
LAKE WORTH COMMUNITY HIGH SCHOOL High Magnet 2,114 129 3

DIAMOND VIEW ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 1,078
  • # of teachers: 74
5
GreatSchools Rating

TRADEWINDS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,214
  • # of teachers: 73
5
GreatSchools Rating

LAKE WORTH COMMUNITY HIGH SCHOOL

  • Education Level: High
  • # of students: 2,114
  • # of teachers: 129
3
GreatSchools Rating
 

Financial Details

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Neighborhood

Ixora Park

  • 434

    POPULATION
  • 125

    HOUSEHOLDS
  • 43.1%

    WHITE COLLAR

Neighborhood : Ixora Park

HOUSEHOLDS
125
POPULATION

434

66.7%Renters
33.3%Home Owners
LABOR FORCE

 

43.1%White Collar
56.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 90% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,175 per month.

MY RENT : $1,175 MEDIAN RENT : $1,545

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 29.9%
>=$1,500 70.1%
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 $1,175 would therefore be considered affordable for annual household incomes greater than $47,000 (12 months x 3.333 x $1,175).

Rent % Affordability
Above $500 71.7%
Above $700 56.2%
Above $1,100 29.1%
Above $1,500 19.7%
Above $1,900 8.6%
HOUSEHOLD INCOME RANGE

Approximately 30 of households in this neighborhood have a total annual income of $47,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,175 per month.

MINIMUM INCOME RANGE : $47,000

Income % Distribution
<$20K 28.3%
$20K-$35K 35.4%
$35K-$60K 16.5%
$60K-$100K 11.8%
>=$100K 7.9%
COMMUTE TIME DISTRIBUTION

74% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 5.7%
10-14 mins 11.3%
15-19 mins 11.3%
20-29 mins 39.2%
30-44 mins 23.7%
45-59 mins 3.1%
>60 mins 4.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 90% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,175 per month.

MY RENT : $1,175 MEDIAN RENT : $1,545

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 29.9%
>=$1,500 70.1%
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 $1,175 would therefore be considered affordable for annual household incomes greater than $47,000 (12 months x 3.333 x $1,175).

Rent % Affordability
Above $500 71.7%
Above $700 56.2%
Above $1,100 29.1%
Above $1,500 19.7%
Above $1,900 8.6%
HOUSEHOLD INCOME RANGE

Approximately 30 of households in this neighborhood have a total annual income of $47,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,175 per month.

MINIMUM INCOME RANGE : $47,000

Income % Distribution
<$20K 28.3%
$20K-$35K 35.4%
$35K-$60K 16.5%
$60K-$100K 11.8%
>=$100K 7.9%
COMMUTE TIME DISTRIBUTION

74% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 5.7%
10-14 mins 11.3%
15-19 mins 11.3%
20-29 mins 39.2%
30-44 mins 23.7%
45-59 mins 3.1%
>60 mins 4.1%

Ixora Park Demographics

INDUSTRY

Industry % Distribution
Administrative Support 14.4%
Arts & Entertainment 11.9%
Construction 18.6%
Health Care & Social Assistance 13.9%
Real Estate 2.6%
Retail & Wholesale Trader 22.7%
Other 16.0%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 46% is 24 or younger and 3% is 65 or older.

Age % Distribution
<15 35.9%
15-19 5.5%
20-24 4.8%
25-44 36.9%
45-65 13.6%
66+ 3.2%
OCCUPATION

Occupation % Distribution
Clean 9.8%
Education 8.3%
Management, Business, & Financial 6.8%
Natural Resources Maintenance 26.3%
Production & Transportation 6.0%
Sales & Office 31.6%
Other 11.3%
HIGHEST EDUCATION LEVEL

4% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 3.8%
High School 35.3%
Masters Degree 0.4%
Some College 19.3%
Some High School 33.2%
Other 8.0%

4322 Royal Banyan Way C Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , PALM BEACH County , or the 33461 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

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