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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

501 Gulf Dr N 213 Bradenton Beach, FL 34217

2 Beds 2 Baths 1,128 sqft Built 1982
Last updated:  Jan 23, 2020

INVESTimate

$346,771

$307K - $387K

Price Est.

$2,144

$1.9K - $2.4K

Rent Est.

$368,479  ( +6.26%)   1 YR EST. FORECAST
  
  
  

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501 Gulf Dr N 213 PROPERTY INFO

FACTS
  • Built In 1982
  • Price/Sqft : $307.42
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,128 sqft
  • Baths : 2 Full

501 Gulf Dr N 213 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ANNA MARIA ELEMENTARY SCHOOL Primary Regular 286 20 9
KING MIDDLE SCHOOL Middle Regular 1,140 66 5
BAYSHORE HIGH SCHOOL High Regular 1,528 80 3

ANNA MARIA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 286
  • # of teachers: 20
9
GreatSchools Rating

KING MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,140
  • # of teachers: 66
5
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

Bradenton Beach

  • 628

    POPULATION
  • 368

    HOUSEHOLDS
  • 50.9%

    WHITE COLLAR

Neighborhood : Bradenton Beach

HOUSEHOLDS
368
POPULATION

628

31.2%Renters
68.8%Home Owners
LABOR FORCE

 

50.9%White Collar
49.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,144 per month.

MY RENT : $2,144 MEDIAN RENT : $2,434

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $2,144 would therefore be considered affordable for annual household incomes greater than $85,760 (12 months x 3.333 x $2,144).

Rent % Affordability
Above $500 73.2%
Above $700 59.6%
Above $1,100 36.6%
Above $1,500 27.1%
Above $1,900 19.5%
HOUSEHOLD INCOME RANGE

Approximately 52 of households in this neighborhood have a total annual income of $85,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,144 per month.

MINIMUM INCOME RANGE : $85,760

Income % Distribution
<$20K 26.8%
$20K-$35K 29.3%
$35K-$60K 16.8%
$60K-$100K 15.2%
>=$100K 11.9%
COMMUTE TIME DISTRIBUTION

35% of the working population has a commute time of 15 to 44 minutes, 54% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.1%
5-9 mins 37.7%
10-14 mins 9.0%
15-19 mins 14.6%
20-29 mins 9.4%
30-44 mins 11.3%
45-59 mins 6.1%
>60 mins 4.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,144 per month.

MY RENT : $2,144 MEDIAN RENT : $2,434

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $2,144 would therefore be considered affordable for annual household incomes greater than $85,760 (12 months x 3.333 x $2,144).

Rent % Affordability
Above $500 73.2%
Above $700 59.6%
Above $1,100 36.6%
Above $1,500 27.1%
Above $1,900 19.5%
HOUSEHOLD INCOME RANGE

Approximately 52 of households in this neighborhood have a total annual income of $85,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,144 per month.

MINIMUM INCOME RANGE : $85,760

Income % Distribution
<$20K 26.8%
$20K-$35K 29.3%
$35K-$60K 16.8%
$60K-$100K 15.2%
>=$100K 11.9%
COMMUTE TIME DISTRIBUTION

35% of the working population has a commute time of 15 to 44 minutes, 54% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.1%
5-9 mins 37.7%
10-14 mins 9.0%
15-19 mins 14.6%
20-29 mins 9.4%
30-44 mins 11.3%
45-59 mins 6.1%
>60 mins 4.7%

Bradenton Beach Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 7.5%
Arts & Entertainment 30.0%
Health Care & Social Assistance 7.0%
Professional & Scientific Tech Services 7.0%
Public Administration 7.9%
Retail & Wholesale Trader 14.1%
Other 26.4%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 9% is 24 or younger and 45% is 65 or older.

Age % Distribution
<15 7.3%
15-19 0.8%
20-24 1.3%
25-44 19.6%
45-65 26.3%
66+ 44.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.0%
Education 30.9%
Healthcare 6.0%
Management, Business, & Financial 13.4%
Natural Resources Maintenance 12.8%
Sales & Office 12.1%
Other 18.8%
HIGHEST EDUCATION LEVEL

26% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.6%
High School 29.1%
Masters Degree 9.1%
Some College 16.6%
Some High School 9.3%
Other 24.3%

501 Gulf Dr N 213 Comps

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501 Gulf Dr N 213, Bradenton Beach, FL 34217 is a single family home of 1,128 sqft. HomeUnion INVESTimateĀ® for 501 Gulf Dr N 213 includes a Price Estimate of $346,771 and a Rent Estimate of $2,144. This single family home has 2 bedrooms,2 bathrooms, and was built in 1982. This property has an estimated 15 year annualized Yield of 7.42% and Total Return of 22.18%. The estimated 1 year forecast in home value for 501 Gulf Dr N 213 is 6.26%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , MANATEE County , or the 34217 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 34215
  2. 34210
  3. 34209
  4. 34228