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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

513 Oakhurst Way Lake Alfred, FL 33850

3 Beds 2 Baths 1,440 sqft Built 2008
Last updated:  Jan 23, 2020

INVESTimate

$206,798

$188K - $226K

Price Est.

$1,328

$1.2K - $1.4K

Rent Est.

$223,942  ( +8.29%)   1 YR EST. FORECAST
  
  
  

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513 Oakhurst Way PROPERTY INFO

FACTS
  • Built In 2008
  • Price/Sqft : $143.61
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,440 sqft
  • Baths : 2 Full

513 Oakhurst Way 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

Magnolia Ridge

  • 63

    POPULATION
  • 18

    HOUSEHOLDS
  • 61.5%

    WHITE COLLAR

Neighborhood : Magnolia Ridge

HOUSEHOLDS
18
POPULATION

63

18.8%Renters
81.2%Home Owners
LABOR FORCE

 

61.5%White Collar
38.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,328 per month.

MY RENT : $1,328 MEDIAN RENT : $1,378

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 85.7%
>=$1,500 14.3%
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 $1,328 would therefore be considered affordable for annual household incomes greater than $53,120 (12 months x 3.333 x $1,328).

Rent % Affordability
Above $500 83.3%
Above $700 73.3%
Above $1,100 45.6%
Above $1,500 27.8%
Above $1,900 16.2%
HOUSEHOLD INCOME RANGE

Approximately 5 of households in this neighborhood have a total annual income of $53,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,328 per month.

MINIMUM INCOME RANGE : $53,120

Income % Distribution
<$20K 16.7%
$20K-$35K 33.3%
$35K-$60K 22.2%
$60K-$100K 22.2%
>=$100K 5.6%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.1%
5-9 mins 4.5%
10-14 mins 0.0%
15-19 mins 18.2%
20-29 mins 9.1%
30-44 mins 36.4%
45-59 mins 13.6%
>60 mins 9.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,328 per month.

MY RENT : $1,328 MEDIAN RENT : $1,378

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 85.7%
>=$1,500 14.3%
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 $1,328 would therefore be considered affordable for annual household incomes greater than $53,120 (12 months x 3.333 x $1,328).

Rent % Affordability
Above $500 83.3%
Above $700 73.3%
Above $1,100 45.6%
Above $1,500 27.8%
Above $1,900 16.2%
HOUSEHOLD INCOME RANGE

Approximately 5 of households in this neighborhood have a total annual income of $53,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,328 per month.

MINIMUM INCOME RANGE : $53,120

Income % Distribution
<$20K 16.7%
$20K-$35K 33.3%
$35K-$60K 22.2%
$60K-$100K 22.2%
>=$100K 5.6%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.1%
5-9 mins 4.5%
10-14 mins 0.0%
15-19 mins 18.2%
20-29 mins 9.1%
30-44 mins 36.4%
45-59 mins 13.6%
>60 mins 9.1%

Magnolia Ridge Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 18.5%
Educational Services 7.4%
Health Care & Social Assistance 18.5%
Manufacturing 7.4%
Retail & Wholesale Trader 25.9%
Transportation 7.4%
Other 14.8%
AGE DISTRIBUTION

33% of the population is between the ages of 25 and 64, 32% is 24 or younger and 35% is 65 or older.

Age % Distribution
<15 23.8%
15-19 1.6%
20-24 6.3%
25-44 15.9%
45-65 17.5%
66+ 34.9%
OCCUPATION

Occupation % Distribution
Healthcare 7.1%
Management, Business, & Financial 7.1%
Natural Resources Maintenance 14.3%
Production & Transportation 21.4%
Sales & Office 21.4%
Social 7.1%
Other 21.4%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.1%
High School 30.3%
Masters Degree 6.1%
Some College 36.4%
Some High School 3.0%
Other 12.1%

513 Oakhurst Way Comps

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513 Oakhurst Way, Lake Alfred, FL 33850 is a single family home of 1,440 sqft. HomeUnion INVESTimateĀ® for 513 Oakhurst Way includes a Price Estimate of $206,798 and a Rent Estimate of $1,328. This single family home has 3 bedrooms,2 bathrooms, and was built in 2008. This property has an estimated 15 year annualized Yield of 7.71% and Total Return of 22.85%. The estimated 1 year forecast in home value for 513 Oakhurst Way 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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