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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

5359 New Jersey Ave De Leon Springs, FL 32130

3 Beds 2 Baths 1,827 sqft Built 1974
Last updated:  Jan 23, 2020

INVESTimate

$261,733

$235K - $289K

Price Est.

$1,863

$1.7K - $2.0K

Rent Est.

$284,425  ( +8.67%)   1 YR EST. FORECAST
  
  
  

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5359 New Jersey Ave PROPERTY INFO

FACTS
  • Built In 1974
  • Price/Sqft : $143.26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,827 sqft
  • Baths : 2 Full

5359 New Jersey Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MCINNIS ELEMENTARY SCHOOL Primary Regular 395 36 4

MCINNIS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 395
  • # of teachers: 36
4
GreatSchools Rating
 

Financial Details

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Neighborhood

DE LEON SPRINGS

  • 5,599

    POPULATION
  • 1,927

    HOUSEHOLDS
  • 52.8%

    WHITE COLLAR

Neighborhood : DE LEON SPRINGS

HOUSEHOLDS
1,927
POPULATION

5,599

21.2%Renters
78.8%Home Owners
LABOR FORCE

 

52.8%White Collar
47.2%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 $1,863 per month.

MY RENT : $1,863 MEDIAN RENT : $1,443

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.3%
$900-999 3.4%
$1,000-1,499 52.0%
>=$1,500 44.3%
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 $1,863 would therefore be considered affordable for annual household incomes greater than $74,520 (12 months x 3.333 x $1,863).

Rent % Affordability
Above $500 82.3%
Above $700 73.0%
Above $1,100 56.0%
Above $1,500 35.8%
Above $1,900 19.0%
HOUSEHOLD INCOME RANGE

Approximately 332 of households in this neighborhood have a total annual income of $74,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,863 per month.

MINIMUM INCOME RANGE : $74,520

Income % Distribution
<$20K 17.7%
$20K-$35K 18.6%
$35K-$60K 27.9%
$60K-$100K 25.0%
>=$100K 10.8%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.2%
5-9 mins 2.8%
10-14 mins 9.2%
15-19 mins 25.3%
20-29 mins 21.8%
30-44 mins 17.5%
45-59 mins 9.2%
>60 mins 13.0%
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 $1,863 per month.

MY RENT : $1,863 MEDIAN RENT : $1,443

Rent % Distribution
$500-699 0.0%
$700-899 0.3%
$900-999 3.4%
$1,000-1,499 52.0%
>=$1,500 44.3%
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 $1,863 would therefore be considered affordable for annual household incomes greater than $74,520 (12 months x 3.333 x $1,863).

Rent % Affordability
Above $500 82.3%
Above $700 73.0%
Above $1,100 56.0%
Above $1,500 35.8%
Above $1,900 19.0%
HOUSEHOLD INCOME RANGE

Approximately 332 of households in this neighborhood have a total annual income of $74,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,863 per month.

MINIMUM INCOME RANGE : $74,520

Income % Distribution
<$20K 17.7%
$20K-$35K 18.6%
$35K-$60K 27.9%
$60K-$100K 25.0%
>=$100K 10.8%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.2%
5-9 mins 2.8%
10-14 mins 9.2%
15-19 mins 25.3%
20-29 mins 21.8%
30-44 mins 17.5%
45-59 mins 9.2%
>60 mins 13.0%

DE LEON SPRINGS Demographics

INDUSTRY

Industry % Distribution
Administrative Support 10.3%
Construction 15.5%
Educational Services 11.0%
Health Care & Social Assistance 11.6%
Manufacturing 8.6%
Retail & Wholesale Trader 12.9%
Other 30.0%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 30% is 24 or younger and 23% is 65 or older.

Age % Distribution
<15 18.8%
15-19 6.3%
20-24 5.0%
25-44 21.6%
45-65 25.0%
66+ 23.3%
OCCUPATION

Occupation % Distribution
Clean 10.5%
Construction 9.3%
Healthcare 9.4%
Management, Business, & Financial 9.9%
Natural Resources Maintenance 21.0%
Sales & Office 19.3%
Other 20.7%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.2%
High School 31.3%
Masters Degree 4.8%
Some College 21.5%
Some High School 22.0%
Other 11.3%

5359 New Jersey Ave Comps

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5359 New Jersey Ave, De Leon Springs, FL 32130 is a single family home of 1,827 sqft. HomeUnion INVESTimateĀ® for 5359 New Jersey Ave includes a Price Estimate of $261,733 and a Rent Estimate of $1,863. This single family home has 3 bedrooms,2 bathrooms, and was built in 1974. This property has an estimated 15 year annualized Yield of 8.54% and Total Return of 26.11%. The estimated 1 year forecast in home value for 5359 New Jersey Ave is 8.67%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , VOLUSIA County , or the 32130 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 32724
  2. 32720