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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

470 N Volusia Ave Lake Helen, FL 32744

2 Beds 2 Baths 950 sqft Built 1963
Last updated:  Jan 23, 2020

INVESTimate

$177,665

$169K - $186K

Price Est.

$1,263

$1.1K - $1.4K

Rent Est.

$196,569  ( +10.64%)   1 YR EST. FORECAST
  
  
  

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470 N Volusia Ave PROPERTY INFO

FACTS
  • Built In 1963
  • Price/Sqft : $187.02
CONSTRUCTION
  • Beds : 2
  • Floor Size : 950 sqft
  • Baths : 2 Full

470 N Volusia 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

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Neighborhood

Palm Villa

  • 47

    POPULATION
  • 20

    HOUSEHOLDS
  • 56.0%

    WHITE COLLAR

Neighborhood : Palm Villa

HOUSEHOLDS
20
POPULATION

47

19.0%Renters
81.0%Home Owners
LABOR FORCE

 

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

Approximately 54% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,263 per month.

MY RENT : $1,263 MEDIAN RENT : $1,262

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 86.7%
>=$1,500 13.3%
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 $1,263 would therefore be considered affordable for annual household incomes greater than $50,520 (12 months x 3.333 x $1,263).

Rent % Affordability
Above $500 84.2%
Above $700 72.6%
Above $1,100 54.7%
Above $1,500 42.1%
Above $1,900 25.7%
HOUSEHOLD INCOME RANGE

Approximately 9 of households in this neighborhood have a total annual income of $50,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,263 per month.

MINIMUM INCOME RANGE : $50,520

Income % Distribution
<$20K 15.8%
$20K-$35K 21.1%
$35K-$60K 21.1%
$60K-$100K 31.6%
>=$100K 10.5%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 29% 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 0.0%
5-9 mins 4.8%
10-14 mins 23.8%
15-19 mins 23.8%
20-29 mins 19.0%
30-44 mins 19.0%
45-59 mins 4.8%
>60 mins 4.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 54% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,263 per month.

MY RENT : $1,263 MEDIAN RENT : $1,262

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 86.7%
>=$1,500 13.3%
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 $1,263 would therefore be considered affordable for annual household incomes greater than $50,520 (12 months x 3.333 x $1,263).

Rent % Affordability
Above $500 84.2%
Above $700 72.6%
Above $1,100 54.7%
Above $1,500 42.1%
Above $1,900 25.7%
HOUSEHOLD INCOME RANGE

Approximately 9 of households in this neighborhood have a total annual income of $50,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,263 per month.

MINIMUM INCOME RANGE : $50,520

Income % Distribution
<$20K 15.8%
$20K-$35K 21.1%
$35K-$60K 21.1%
$60K-$100K 31.6%
>=$100K 10.5%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 29% 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 0.0%
5-9 mins 4.8%
10-14 mins 23.8%
15-19 mins 23.8%
20-29 mins 19.0%
30-44 mins 19.0%
45-59 mins 4.8%
>60 mins 4.8%

Palm Villa Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.7%
Construction 13.0%
Educational Services 8.7%
Health Care & Social Assistance 8.7%
Professional & Scientific Tech Services 8.7%
Retail & Wholesale Trader 17.4%
Other 34.8%
AGE DISTRIBUTION

60% of the population is between the ages of 25 and 64, 23% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 12.8%
15-19 6.4%
20-24 4.3%
25-44 21.3%
45-65 38.3%
66+ 17.0%
OCCUPATION

Occupation % Distribution
Education 6.7%
Healthcare 6.7%
Management, Business, & Financial 13.3%
Natural Resources Maintenance 20.0%
Production & Transportation 6.7%
Sales & Office 26.7%
Other 20.0%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.3%
High School 35.9%
Masters Degree 5.1%
Some College 25.6%
Some High School 15.4%
Other 7.7%

470 N Volusia Ave Comps

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470 N Volusia Ave, Lake Helen, FL 32744 is a single family home of 950 sqft. HomeUnion INVESTimateĀ® for 470 N Volusia Ave includes a Price Estimate of $177,665 and a Rent Estimate of $1,263. This single family home has 2 bedrooms,2 bathrooms, and was built in 1963. This property has an estimated 15 year annualized Yield of 8.53% and Total Return of 25.50%. The estimated 1 year forecast in home value for 470 N Volusia 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

Nearest zipcodes within 2 miles

  1. 32724