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

4807 N Lakewood Dr Callaway, FL 32404

4 Beds 3 Baths 2,074 sqft Built 1961
Last updated:  Nov 28, 2019

INVESTimate

$221,781

$214K - $230K

Price Est.

$1,305

$1.2K - $1.4K

Rent Est.

$234,245  ( +5.62%)   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

4807 N Lakewood Dr PROPERTY INFO

FACTS
  • Built In 1961
  • Price/Sqft : $106.93
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,074 sqft
  • Baths : 2 Full 1 Half

4807 N Lakewood Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MERRIAM CHERRY STREET ELEMENTARY SCHOOL Primary Regular 458 30 3
EVERITT MIDDLE SCHOOL Middle Regular 845 46 3
RUTHERFORD HIGH SCHOOL High Regular 1,301 69 5

MERRIAM CHERRY STREET ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 30
3
GreatSchools Rating

EVERITT MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 845
  • # of teachers: 46
3
GreatSchools Rating

RUTHERFORD HIGH SCHOOL

  • Education Level: High
  • # of students: 1,301
  • # of teachers: 69
5
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

Lakewood

  • 461

    POPULATION
  • 221

    HOUSEHOLDS
  • 59.5%

    WHITE COLLAR

Neighborhood : Lakewood

HOUSEHOLDS
221
POPULATION

461

41.2%Renters
58.8%Home Owners
LABOR FORCE

 

59.5%White Collar
40.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 42% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,305 per month.

MY RENT : $1,305 MEDIAN RENT : $1,274

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 12.1%
$900-999 6.7%
$1,000-1,499 64.8%
>=$1,500 16.4%
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 $1,305 would therefore be considered affordable for annual household incomes greater than $52,200 (12 months x 3.333 x $1,305).

Rent % Affordability
Above $500 77.9%
Above $700 55.1%
Above $1,100 40.7%
Above $1,500 24.3%
Above $1,900 9.4%
HOUSEHOLD INCOME RANGE

Approximately 61 of households in this neighborhood have a total annual income of $52,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,305 per month.

MINIMUM INCOME RANGE : $52,200

Income % Distribution
<$20K 22.1%
$20K-$35K 29.3%
$35K-$60K 24.3%
$60K-$100K 17.6%
>=$100K 6.8%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 16.5%
10-14 mins 15.0%
15-19 mins 24.5%
20-29 mins 18.5%
30-44 mins 20.0%
45-59 mins 0.5%
>60 mins 5.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 42% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,305 per month.

MY RENT : $1,305 MEDIAN RENT : $1,274

Rent % Distribution
$500-699 0.0%
$700-899 12.1%
$900-999 6.7%
$1,000-1,499 64.8%
>=$1,500 16.4%
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 $1,305 would therefore be considered affordable for annual household incomes greater than $52,200 (12 months x 3.333 x $1,305).

Rent % Affordability
Above $500 77.9%
Above $700 55.1%
Above $1,100 40.7%
Above $1,500 24.3%
Above $1,900 9.4%
HOUSEHOLD INCOME RANGE

Approximately 61 of households in this neighborhood have a total annual income of $52,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,305 per month.

MINIMUM INCOME RANGE : $52,200

Income % Distribution
<$20K 22.1%
$20K-$35K 29.3%
$35K-$60K 24.3%
$60K-$100K 17.6%
>=$100K 6.8%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 16.5%
10-14 mins 15.0%
15-19 mins 24.5%
20-29 mins 18.5%
30-44 mins 20.0%
45-59 mins 0.5%
>60 mins 5.0%

Lakewood Demographics

INDUSTRY

Industry % Distribution
Administrative Support 8.9%
Arts & Entertainment 8.3%
Financial Industries 8.3%
Health Care & Social Assistance 8.9%
Retail & Wholesale Trader 13.9%
Transportation 18.9%
Other 32.8%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 29% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 13.9%
15-19 5.0%
20-24 10.0%
25-44 24.1%
45-65 31.0%
66+ 16.1%
OCCUPATION

Occupation % Distribution
Adesm 6.7%
Healthcare 6.7%
Management, Business, & Financial 14.2%
Natural Resources Maintenance 16.7%
Production & Transportation 16.7%
Sales & Office 34.2%
Other 5.0%
HIGHEST EDUCATION LEVEL

6% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.0%
High School 41.3%
Masters Degree 1.2%
Some College 28.6%
Some High School 15.6%
Other 8.3%

4807 N Lakewood Dr Comps

Sorry, we do not have sufficient data available.

4807 N Lakewood Dr, Callaway, FL 32404 is a single family home of 2,074 sqft. HomeUnion INVESTimateĀ® for 4807 N Lakewood Dr includes a Price Estimate of $221,781 and a Rent Estimate of $1,305. This single family home has 4 bedrooms,3 bathrooms, and was built in 1961. This property has an estimated 15 year annualized Yield of 7.06% and Total Return of 19.35%. The estimated 1 year forecast in home value for 4807 N Lakewood Dr is 5.62%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , BAY County , or the 32404 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 32401