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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

5422 Merritt Brown Rd Callaway, FL 32404

3 Beds 2 Baths 1,212 sqft Built 2002
Last updated:  Nov 28, 2019

INVESTimate

$194,066

$183K - $205K

Price Est.

$1,183

$1.1K - $1.2K

Rent Est.

$206,176  ( +6.24%)   1 YR EST. FORECAST
  
  
  

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5422 Merritt Brown Rd PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $160.12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,212 sqft
  • Baths : 2 Full

5422 Merritt Brown Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
TOMMY SMITH ELEMENTARY SCHOOL Primary Regular 752 49 5
MERRITT BROWN MIDDLE SCHOOL Middle Regular 763 46 5
BAY HIGH SCHOOL High Regular 1,313 69 5

TOMMY SMITH ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 752
  • # of teachers: 49
5
GreatSchools Rating

MERRITT BROWN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 763
  • # of teachers: 46
5
GreatSchools Rating

BAY HIGH SCHOOL

  • Education Level: High
  • # of students: 1,313
  • # of teachers: 69
5
GreatSchools Rating
 

Financial Details

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Neighborhood

Cherokee Heights

  • 517

    POPULATION
  • 158

    HOUSEHOLDS
  • 56.4%

    WHITE COLLAR

Neighborhood : Cherokee Heights

HOUSEHOLDS
158
POPULATION

517

30.5%Renters
69.5%Home Owners
LABOR FORCE

 

56.4%White Collar
43.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,183 per month.

MY RENT : $1,183 MEDIAN RENT : $1,403

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.3%
$1,000-1,499 71.4%
>=$1,500 28.2%
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 $1,183 would therefore be considered affordable for annual household incomes greater than $47,320 (12 months x 3.333 x $1,183).

Rent % Affordability
Above $500 91.8%
Above $700 82.1%
Above $1,100 69.6%
Above $1,500 57.9%
Above $1,900 35.2%
HOUSEHOLD INCOME RANGE

Approximately 98 of households in this neighborhood have a total annual income of $47,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,183 per month.

MINIMUM INCOME RANGE : $47,320

Income % Distribution
<$20K 8.2%
$20K-$35K 15.7%
$35K-$60K 18.2%
$60K-$100K 37.1%
>=$100K 20.8%
COMMUTE TIME DISTRIBUTION

85% of the working population has a commute time of 15 to 44 minutes, 7% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.0%
10-14 mins 6.7%
15-19 mins 13.5%
20-29 mins 43.5%
30-44 mins 28.5%
45-59 mins 4.1%
>60 mins 3.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,183 per month.

MY RENT : $1,183 MEDIAN RENT : $1,403

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.3%
$1,000-1,499 71.4%
>=$1,500 28.2%
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 $1,183 would therefore be considered affordable for annual household incomes greater than $47,320 (12 months x 3.333 x $1,183).

Rent % Affordability
Above $500 91.8%
Above $700 82.1%
Above $1,100 69.6%
Above $1,500 57.9%
Above $1,900 35.2%
HOUSEHOLD INCOME RANGE

Approximately 98 of households in this neighborhood have a total annual income of $47,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,183 per month.

MINIMUM INCOME RANGE : $47,320

Income % Distribution
<$20K 8.2%
$20K-$35K 15.7%
$35K-$60K 18.2%
$60K-$100K 37.1%
>=$100K 20.8%
COMMUTE TIME DISTRIBUTION

85% of the working population has a commute time of 15 to 44 minutes, 7% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.0%
10-14 mins 6.7%
15-19 mins 13.5%
20-29 mins 43.5%
30-44 mins 28.5%
45-59 mins 4.1%
>60 mins 3.6%

Cherokee Heights Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 15.9%
Educational Services 13.0%
Health Care & Social Assistance 13.5%
Manufacturing 7.7%
Public Administration 7.7%
Retail & Wholesale Trader 9.6%
Other 32.7%
AGE DISTRIBUTION

58% of the population is between the ages of 25 and 64, 35% is 24 or younger and 7% is 65 or older.

Age % Distribution
<15 18.8%
15-19 5.6%
20-24 10.3%
25-44 32.7%
45-65 25.7%
66+ 7.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.1%
Education 8.7%
Healthcare 10.6%
Management, Business, & Financial 10.6%
Natural Resources Maintenance 13.0%
Sales & Office 23.6%
Other 25.5%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.7%
High School 27.4%
Masters Degree 4.2%
Some College 24.1%
Some High School 13.0%
Other 19.5%

5422 Merritt Brown Rd Comps

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5422 Merritt Brown Rd, Callaway, FL 32404 is a single family home of 1,212 sqft. HomeUnion INVESTimateĀ® for 5422 Merritt Brown Rd includes a Price Estimate of $194,066 and a Rent Estimate of $1,183. This single family home has 3 bedrooms,2 bathrooms, and was built in 2002. This property has an estimated 15 year annualized Yield of 7.32% and Total Return of 21.18%. The estimated 1 year forecast in home value for 5422 Merritt Brown Rd is 6.24%.

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