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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

510 S Rochelle Ave Lake Alfred, FL 33850

3 Beds 2 Baths 924 sqft Built 1960
Last updated:  Jan 23, 2020

INVESTimate

$115,924

$101K - $131K

Price Est.

$1,111

$1.0K - $1.2K

Rent Est.

$125,534  ( +8.29%)   1 YR EST. FORECAST
  
  
  

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510 S Rochelle Ave PROPERTY INFO

FACTS
  • Built In 1960
  • Price/Sqft : $125.46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 924 sqft
  • Baths : 2 Full

510 S Rochelle Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LAKE ALFRED ELEMENTARY SCHOOL Primary Regular 527 36 5
JERE L. STAMBAUGH MIDDLE SCHOOL Middle Regular 879 54 3
AUBURNDALE SENIOR HIGH SCHOOL High Regular 1,475 91 4

LAKE ALFRED ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 527
  • # of teachers: 36
5
GreatSchools Rating

JERE L. STAMBAUGH MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 879
  • # of teachers: 54
3
GreatSchools Rating

AUBURNDALE SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 1,475
  • # of teachers: 91
4
GreatSchools Rating
 

Financial Details

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Neighborhood

Lake Alfred

  • 5,779

    POPULATION
  • 2,159

    HOUSEHOLDS
  • 52.7%

    WHITE COLLAR

Neighborhood : Lake Alfred

HOUSEHOLDS
2,159
POPULATION

5,779

38.0%Renters
62.0%Home Owners
LABOR FORCE

 

52.7%White Collar
47.3%Blue Collar
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 $1,111 per month.

MY RENT : $1,111 MEDIAN RENT : $1,037

Rent % Distribution LEVEL
$500-699 0.6%
$700-899 10.4%
$900-999 29.6%
$1,000-1,499 48.1%
>=$1,500 11.3%
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 $1,111 would therefore be considered affordable for annual household incomes greater than $44,440 (12 months x 3.333 x $1,111).

Rent % Affordability
Above $500 75.5%
Above $700 59.9%
Above $1,100 41.1%
Above $1,500 24.4%
Above $1,900 16.4%
HOUSEHOLD INCOME RANGE

Approximately 676 of households in this neighborhood have a total annual income of $44,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,111 per month.

MINIMUM INCOME RANGE : $44,440

Income % Distribution
<$20K 24.5%
$20K-$35K 24.6%
$35K-$60K 26.5%
$60K-$100K 16.9%
>=$100K 7.6%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.5%
5-9 mins 4.0%
10-14 mins 9.6%
15-19 mins 15.6%
20-29 mins 22.0%
30-44 mins 25.5%
45-59 mins 11.4%
>60 mins 8.4%
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 $1,111 per month.

MY RENT : $1,111 MEDIAN RENT : $1,037

Rent % Distribution
$500-699 0.6%
$700-899 10.4%
$900-999 29.6%
$1,000-1,499 48.1%
>=$1,500 11.3%
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 $1,111 would therefore be considered affordable for annual household incomes greater than $44,440 (12 months x 3.333 x $1,111).

Rent % Affordability
Above $500 75.5%
Above $700 59.9%
Above $1,100 41.1%
Above $1,500 24.4%
Above $1,900 16.4%
HOUSEHOLD INCOME RANGE

Approximately 676 of households in this neighborhood have a total annual income of $44,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,111 per month.

MINIMUM INCOME RANGE : $44,440

Income % Distribution
<$20K 24.5%
$20K-$35K 24.6%
$35K-$60K 26.5%
$60K-$100K 16.9%
>=$100K 7.6%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.5%
5-9 mins 4.0%
10-14 mins 9.6%
15-19 mins 15.6%
20-29 mins 22.0%
30-44 mins 25.5%
45-59 mins 11.4%
>60 mins 8.4%

Lake Alfred Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.9%
Arts & Entertainment 19.1%
Construction 9.5%
Health Care & Social Assistance 13.9%
Retail & Wholesale Trader 14.9%
Transportation 7.0%
Other 28.7%
AGE DISTRIBUTION

42% of the population is between the ages of 25 and 64, 33% is 24 or younger and 25% is 65 or older.

Age % Distribution
<15 23.7%
15-19 2.0%
20-24 7.5%
25-44 21.9%
45-65 20.2%
66+ 24.7%
OCCUPATION

Occupation % Distribution
Education 7.3%
Healthcare 9.9%
Management, Business, & Financial 14.4%
Natural Resources Maintenance 11.6%
Production & Transportation 17.0%
Sales & Office 20.2%
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 8.7%
High School 36.2%
Masters Degree 5.6%
Some College 28.2%
Some High School 7.9%
Other 13.5%

510 S Rochelle Ave Comps

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510 S Rochelle Ave, Lake Alfred, FL 33850 is a single family home of 924 sqft. HomeUnion INVESTimateĀ® for 510 S Rochelle Ave includes a Price Estimate of $115,924 and a Rent Estimate of $1,111. This single family home has 3 bedrooms,2 bathrooms, and was built in 1960. This property has an estimated 15 year annualized Yield of 11.50% and Total Return of 28.44%. The estimated 1 year forecast in home value for 510 S Rochelle Ave is 8.29%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , POLK County , or the 33850 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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