490 Sw Vista Ter PROPERTY INFO
FACTS
- Built In 1965
- Price/Sqft : $68.94
CONSTRUCTION
- Beds : 5
- Floor Size : 1,322 sqft
- Baths : 3 Full 1 Half
PROPERTY DESCRIPTION
490 Sw Vista Ter, Lake City, FL 32024 is a single family home of 1,322 sqft. HomeUnion estimate for 490 Sw Vista Ter includes a Price Estimate of $91,133 and a Rent Estimate of $1,357. This single family home has 5 bedrooms, 4 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 17.87% and Total Return of 34.62%. The estimated 1 year forecast in home value for 490 Sw Vista Ter is 5.32%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
490 Sw Vista Ter SCHOOLS
Financial Details
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LAKE CITY
Neighborhood : LAKE CITY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 49% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,357 per month.
MY RENT : $1,357 MEDIAN RENT : $1,423
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 $1,357 would therefore be considered affordable for annual household incomes greater than $54,280 (12 months x 3.333 x $1,357).
HOUSEHOLD INCOME RANGE
Approximately 2,913 of households in this neighborhood have a total annual income of $54,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,357 per month.
MINIMUM INCOME RANGE : $54,280
COMMUTE TIME DISTRIBUTION
63% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.
LAKE CITY Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 7.2% |
Construction | 8.5% |
Health Care & Social Assistance | 15.2% |
Public Administration | 11.3% |
Retail & Wholesale Trader | 17.9% |
Transportation | 7.2% |
Other | 32.8% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 33% is 24 or younger and 17% is 65 or older.
Age | % Distribution |
---|---|
<15 | 20.5% |
15-19 | 6.7% |
20-24 | 5.9% |
25-44 | 22.1% |
45-65 | 27.7% |
66+ | 17.1% |
OCCUPATION
Occupation | % Distribution |
---|---|
Healthcare | 9.8% |
Management, Business, & Financial | 13.0% |
Natural Resources Maintenance | 14.3% |
Production & Transportation | 10.9% |
Protect | 5.6% |
Sales & Office | 26.8% |
Other | 19.5% |
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 | 11.0% |
High School | 38.8% |
Masters Degree | 4.0% |
Some College | 22.6% |
Some High School | 11.8% |
Other | 11.9% |
490 Sw Vista Ter Comps
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