Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

5231 Sw County Road 241 Lake Butler, FL 32054

3 Beds 2 Baths 1,456 sqft Built 1996
Last updated:  Jan 23, 2020

INVESTimate

$226,315

$214K - $239K

Price Est.

$1,422

$1.2K - $1.7K

Rent Est.

$244,013  ( +7.82%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1808 ASHBOROUGH WAY SE Marietta, GA
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973
    AVAILABLE fmls
    • 15.60% GROSS YIELD
    • $5,557 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,300
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1339 HOLBECH LANE Channelview, TX
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units
    AVAILABLE
    • 14.73% GROSS YIELD
    • $7,387 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $34,900
    • $1,350

5231 Sw County Road 241 PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $155.44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,456 sqft
  • Baths : 2 Full

5231 Sw County Road 241 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LAKE BUTLER ELEMENTARY SCHOOL Primary Regular 886 73 8
LAKE BUTLER MIDDLE SCHOOL Middle Regular 727 46 7
UNION COUNTY HIGH SCHOOL High Regular 617 46 7

LAKE BUTLER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 886
  • # of teachers: 73
8
GreatSchools Rating

LAKE BUTLER MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 727
  • # of teachers: 46
7
GreatSchools Rating

UNION COUNTY HIGH SCHOOL

  • Education Level: High
  • # of students: 617
  • # of teachers: 46
7
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

LAKE BUTLER

  • 12,266

    POPULATION
  • 3,600

    HOUSEHOLDS
  • 41.5%

    WHITE COLLAR

Neighborhood : LAKE BUTLER

HOUSEHOLDS
3,600
POPULATION

12,266

32.5%Renters
67.5%Home Owners
LABOR FORCE

 

41.5%White Collar
58.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,422 per month.

MY RENT : $1,422 MEDIAN RENT : $1,249

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 6.2%
$900-999 10.9%
$1,000-1,499 64.7%
>=$1,500 18.1%
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 $1,422 would therefore be considered affordable for annual household incomes greater than $56,880 (12 months x 3.333 x $1,422).

Rent % Affordability
Above $500 73.9%
Above $700 66.6%
Above $1,100 45.2%
Above $1,500 30.2%
Above $1,900 20.6%
HOUSEHOLD INCOME RANGE

Approximately 1,128 of households in this neighborhood have a total annual income of $56,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,422 per month.

MINIMUM INCOME RANGE : $56,880

Income % Distribution
<$20K 26.1%
$20K-$35K 21.2%
$35K-$60K 22.5%
$60K-$100K 22.6%
>=$100K 7.6%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.7%
5-9 mins 18.5%
10-14 mins 13.1%
15-19 mins 10.1%
20-29 mins 16.9%
30-44 mins 21.6%
45-59 mins 8.0%
>60 mins 5.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,422 per month.

MY RENT : $1,422 MEDIAN RENT : $1,249

Rent % Distribution
$500-699 0.0%
$700-899 6.2%
$900-999 10.9%
$1,000-1,499 64.7%
>=$1,500 18.1%
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 $1,422 would therefore be considered affordable for annual household incomes greater than $56,880 (12 months x 3.333 x $1,422).

Rent % Affordability
Above $500 73.9%
Above $700 66.6%
Above $1,100 45.2%
Above $1,500 30.2%
Above $1,900 20.6%
HOUSEHOLD INCOME RANGE

Approximately 1,128 of households in this neighborhood have a total annual income of $56,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,422 per month.

MINIMUM INCOME RANGE : $56,880

Income % Distribution
<$20K 26.1%
$20K-$35K 21.2%
$35K-$60K 22.5%
$60K-$100K 22.6%
>=$100K 7.6%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.7%
5-9 mins 18.5%
10-14 mins 13.1%
15-19 mins 10.1%
20-29 mins 16.9%
30-44 mins 21.6%
45-59 mins 8.0%
>60 mins 5.1%

LAKE BUTLER Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.9%
Educational Services 6.9%
Health Care & Social Assistance 14.2%
Public Administration 15.3%
Retail & Wholesale Trader 12.4%
Transportation 8.3%
Other 36.0%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 28% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 17.2%
15-19 5.6%
20-24 5.6%
25-44 32.1%
45-65 26.5%
66+ 13.0%
OCCUPATION

Occupation % Distribution
Healthcare 11.7%
Management, Business, & Financial 13.8%
Natural Resources Maintenance 10.9%
Production & Transportation 20.5%
Protect 13.4%
Sales & Office 17.7%
Other 12.1%
HIGHEST EDUCATION LEVEL

9% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.3%
High School 38.6%
Masters Degree 1.6%
Some College 22.0%
Some High School 23.5%
Other 7.1%

5231 Sw County Road 241 Comps

Sorry, we do not have sufficient data available.

5231 Sw County Road 241, Lake Butler, FL 32054 is a single family home of 1,456 sqft. HomeUnion INVESTimateĀ® for 5231 Sw County Road 241 includes a Price Estimate of $226,315 and a Rent Estimate of $1,422. This single family home has 3 bedrooms,2 bathrooms, and was built in 1996. This property has an estimated 15 year annualized Yield of 7.54% and Total Return of 22.11%. The estimated 1 year forecast in home value for 5231 Sw County Road 241 is 7.82%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , UNION County , or the 32054 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Similar Investment Properties By Bed/Bath within 2 miles

  1. 5159 Sw County Road 241
  2. 6935 Sw 57th Un
  3. 7490 W County Road 18
  4. 5095 Sw 47th Loop

Nearest zipcodes within 2 miles

  1. 32615
  2. 32025