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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

503 Cathey Ln Mexico Beach, FL 32456

2 Beds 2 Baths 924 sqft Built 1988
Last updated:  Nov 28, 2019

INVESTimate

$143,199

$137K - $149K

Price Est.

$1,090

909 - $1.3K

Rent Est.

$153,481  ( +7.18%)   1 YR EST. FORECAST
  
  
  

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503 Cathey Ln PROPERTY INFO

FACTS
  • Built In 1988
  • Price/Sqft : $154.98
CONSTRUCTION
  • Beds : 2
  • Floor Size : 924 sqft
  • Baths : 2 Full

503 Cathey Ln SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

PORT SAINT JOE

  • 9,055

    POPULATION
  • 3,692

    HOUSEHOLDS
  • 53.0%

    WHITE COLLAR

Neighborhood : PORT SAINT JOE

HOUSEHOLDS
3,692
POPULATION

9,055

27.4%Renters
72.6%Home Owners
LABOR FORCE

 

53.0%White Collar
47.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,090 per month.

MY RENT : $1,090 MEDIAN RENT : $1,602

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.7%
$900-999 5.3%
$1,000-1,499 34.8%
>=$1,500 58.1%
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 $1,090 would therefore be considered affordable for annual household incomes greater than $43,600 (12 months x 3.333 x $1,090).

Rent % Affordability
Above $500 87.2%
Above $700 76.0%
Above $1,100 55.9%
Above $1,500 43.4%
Above $1,900 31.5%
HOUSEHOLD INCOME RANGE

Approximately 1,806 of households in this neighborhood have a total annual income of $43,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,090 per month.

MINIMUM INCOME RANGE : $43,600

Income % Distribution
<$20K 12.8%
$20K-$35K 23.4%
$35K-$60K 20.4%
$60K-$100K 25.1%
>=$100K 18.3%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 43% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.4%
5-9 mins 18.8%
10-14 mins 14.5%
15-19 mins 17.0%
20-29 mins 16.7%
30-44 mins 7.9%
45-59 mins 10.5%
>60 mins 5.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,090 per month.

MY RENT : $1,090 MEDIAN RENT : $1,602

Rent % Distribution
$500-699 0.0%
$700-899 1.7%
$900-999 5.3%
$1,000-1,499 34.8%
>=$1,500 58.1%
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 $1,090 would therefore be considered affordable for annual household incomes greater than $43,600 (12 months x 3.333 x $1,090).

Rent % Affordability
Above $500 87.2%
Above $700 76.0%
Above $1,100 55.9%
Above $1,500 43.4%
Above $1,900 31.5%
HOUSEHOLD INCOME RANGE

Approximately 1,806 of households in this neighborhood have a total annual income of $43,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,090 per month.

MINIMUM INCOME RANGE : $43,600

Income % Distribution
<$20K 12.8%
$20K-$35K 23.4%
$35K-$60K 20.4%
$60K-$100K 25.1%
>=$100K 18.3%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 43% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.4%
5-9 mins 18.8%
10-14 mins 14.5%
15-19 mins 17.0%
20-29 mins 16.7%
30-44 mins 7.9%
45-59 mins 10.5%
>60 mins 5.2%

PORT SAINT JOE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.5%
Construction 9.3%
Health Care & Social Assistance 11.8%
Professional & Scientific Tech Services 7.0%
Public Administration 9.5%
Retail & Wholesale Trader 12.2%
Other 38.8%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 23% is 24 or younger and 25% is 65 or older.

Age % Distribution
<15 14.0%
15-19 5.1%
20-24 4.0%
25-44 23.5%
45-65 28.5%
66+ 24.9%
OCCUPATION

Occupation % Distribution
Management, Business, & Financial 15.4%
Natural Resources Maintenance 11.3%
PCare 7.5%
Production & Transportation 12.6%
Protect 8.6%
Sales & Office 19.4%
Other 25.2%
HIGHEST EDUCATION LEVEL

24% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.4%
High School 29.3%
Masters Degree 7.6%
Some College 22.5%
Some High School 7.5%
Other 21.8%

503 Cathey Ln Comps

Sorry, we do not have sufficient data available.

503 Cathey Ln, Mexico Beach, FL 32456 is a single family home of 924 sqft. HomeUnion INVESTimateĀ® for 503 Cathey Ln includes a Price Estimate of $143,199 and a Rent Estimate of $1,090. This single family home has 2 bedrooms,2 bathrooms, and was built in 1988. This property has an estimated 15 year annualized Yield of 9.13% and Total Return of 24.78%. The estimated 1 year forecast in home value for 503 Cathey Ln is 7.18%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , BAY County , or the 32456 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

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