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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

550 E Rainero St Lake Alfred, FL 33850

3 Beds 1 Baths 1,966 sqft Built 1972
Last updated:  Jan 23, 2020

INVESTimate

$215,873

$196K - $236K

Price Est.

$1,581

$1.4K - $1.7K

Rent Est.

$233,769  ( +8.29%)   1 YR EST. FORECAST
  
  
  

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550 E Rainero St PROPERTY INFO

FACTS
  • Built In 1972
  • Price/Sqft : $109.80
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,966 sqft
  • Baths : 1 Full

550 E Rainero St 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

Todhunter Estates

  • 183

    POPULATION
  • 68

    HOUSEHOLDS
  • 57.4%

    WHITE COLLAR

Neighborhood : Todhunter Estates

HOUSEHOLDS
68
POPULATION

183

55.2%Renters
44.8%Home Owners
LABOR FORCE

 

57.4%White Collar
42.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 8% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,581 per month.

MY RENT : $1,581 MEDIAN RENT : $1,242

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 2.2%
$1,000-1,499 90.0%
>=$1,500 7.8%
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 $1,581 would therefore be considered affordable for annual household incomes greater than $63,240 (12 months x 3.333 x $1,581).

Rent % Affordability
Above $500 65.7%
Above $700 47.7%
Above $1,100 36.6%
Above $1,500 24.3%
Above $1,900 16.7%
HOUSEHOLD INCOME RANGE

Approximately 9 of households in this neighborhood have a total annual income of $63,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,581 per month.

MINIMUM INCOME RANGE : $63,240

Income % Distribution
<$20K 34.3%
$20K-$35K 22.9%
$35K-$60K 18.6%
$60K-$100K 18.6%
>=$100K 5.7%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 18% 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 3.1%
5-9 mins 4.6%
10-14 mins 10.8%
15-19 mins 7.7%
20-29 mins 27.7%
30-44 mins 23.1%
45-59 mins 12.3%
>60 mins 10.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 8% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,581 per month.

MY RENT : $1,581 MEDIAN RENT : $1,242

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 2.2%
$1,000-1,499 90.0%
>=$1,500 7.8%
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 $1,581 would therefore be considered affordable for annual household incomes greater than $63,240 (12 months x 3.333 x $1,581).

Rent % Affordability
Above $500 65.7%
Above $700 47.7%
Above $1,100 36.6%
Above $1,500 24.3%
Above $1,900 16.7%
HOUSEHOLD INCOME RANGE

Approximately 9 of households in this neighborhood have a total annual income of $63,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,581 per month.

MINIMUM INCOME RANGE : $63,240

Income % Distribution
<$20K 34.3%
$20K-$35K 22.9%
$35K-$60K 18.6%
$60K-$100K 18.6%
>=$100K 5.7%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 18% 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 3.1%
5-9 mins 4.6%
10-14 mins 10.8%
15-19 mins 7.7%
20-29 mins 27.7%
30-44 mins 23.1%
45-59 mins 12.3%
>60 mins 10.8%

Todhunter Estates Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 13.8%
Construction 13.8%
Financial Industries 9.2%
Health Care & Social Assistance 12.3%
Retail & Wholesale Trader 12.3%
Transportation 13.8%
Other 24.6%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 35% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 24.0%
15-19 1.6%
20-24 9.3%
25-44 29.0%
45-65 17.5%
66+ 18.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.1%
Healthcare 11.4%
Management, Business, & Financial 18.2%
Natural Resources Maintenance 9.1%
Production & Transportation 20.5%
Sales & Office 13.6%
Other 18.2%
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 8.5%
High School 31.0%
Masters Degree 5.4%
Some College 33.3%
Some High School 7.8%
Other 14.0%

550 E Rainero St Comps

Sorry, we do not have sufficient data available.

550 E Rainero St, Lake Alfred, FL 33850 is a single family home of 1,966 sqft. HomeUnion INVESTimateĀ® for 550 E Rainero St includes a Price Estimate of $215,873 and a Rent Estimate of $1,581. This single family home has 3 bedrooms,1 bathrooms, and was built in 1972. This property has an estimated 15 year annualized Yield of 8.79% and Total Return of 27.32%. The estimated 1 year forecast in home value for 550 E Rainero St 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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