Sell Your Property

Easily Access a network of motivated buyers
This page contains information about each property aggregated from public data sources, 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.

...MORE

This page contains information about each property aggregated from public data sources, 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.

5550 New Jersey Ave De Leon Springs, FL 32130

3 Beds 2 Baths 1,582 sqft Built 1990
Last updated:  Jan 23, 2020

INVESTimate

$257,141

$231K - $284K

Price Est.

$1,651

$1.5K - $1.8K

Rent Est.

$279,435  ( +8.67%)   1 YR EST. FORECAST

5550 New Jersey Ave PROPERTY INFO

FACTS
  • Built In 1990
  • Price/Sqft : $162.54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,582 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
5550 New Jersey Ave, De Leon Springs, FL 32130 is a single family home of 1,582 sqft. HomeUnion estimate for 5550 New Jersey Ave includes a Price Estimate of $257,141 and a Rent Estimate of $1,651. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1990. This property has an estimated 15 year annualized Yield of 7.70% and Total Return of 26.16%. The estimated 1 year forecast in home value for 5550 New Jersey Ave is 8.67%.
  
  
  

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

  • 3301 HENDERSON MILL ROAD Atlanta, GA
    • 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units
    AVAILABLE fmls
    • 13.98% GROSS YIELD
    • $7,359 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $169,900
    • $50,774
    • $1,980
  • 6830 AGUA CALIENTES San Antonio, TX
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1979 ∙ 1units 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 1979 ∙ 1units
    AVAILABLE
    • 12.80% GROSS YIELD
    • $6,808 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $120,000
    • $37,550
    • $1,280
  • 1147 W ROSEWOOD AVE San Antonio, TX
    • 2 beds 2 baths ∙ 1,006 Sqft ∙ Built 1920 ∙ 2units 2 beds 2 baths ∙ 1,006 Sqft ∙ Built 1920 ∙ 2units
    AVAILABLE
    • 12.70% GROSS YIELD
    • $11,492 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $189,023
    • $61,591
    • $2,000
  • 3622 MIDDLEFIELD ROAD Dallas, TX
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2001 ∙ 1units 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2001 ∙ 1units
    AVAILABLE
    • 12.43% GROSS YIELD
    • $8,343 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $139,000
    • $42,585
    • $1,440

5550 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

See Financial Details

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

Already have an account?
Neighborhood

Spring Garden City

  • 236

    POPULATION
  • 70

    HOUSEHOLDS
  • 50.3%

    WHITE COLLAR

Neighborhood : Spring Garden City

HOUSEHOLDS
70
POPULATION

236

14.5%Renters
85.5%Home Owners
LABOR FORCE

 

50.3%White Collar
49.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 77% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,651 per month.

MY RENT : $1,651 MEDIAN RENT : $1,766

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 23.3%
>=$1,500 76.7%
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 $1,651 would therefore be considered affordable for annual household incomes greater than $66,040 (12 months x 3.333 x $1,651).

Rent % Affordability
Above $500 88.2%
Above $700 74.1%
Above $1,100 47.9%
Above $1,500 25.0%
Above $1,900 15.9%
HOUSEHOLD INCOME RANGE

Approximately 10 of households in this neighborhood have a total annual income of $66,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,651 per month.

MINIMUM INCOME RANGE : $66,040

Income % Distribution
<$20K 11.8%
$20K-$35K 27.9%
$35K-$60K 35.3%
$60K-$100K 16.2%
>=$100K 8.8%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.6%
5-9 mins 2.6%
10-14 mins 10.3%
15-19 mins 25.6%
20-29 mins 29.5%
30-44 mins 15.4%
45-59 mins 7.7%
>60 mins 6.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 77% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,651 per month.

MY RENT : $1,651 MEDIAN RENT : $1,766

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 23.3%
>=$1,500 76.7%
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 $1,651 would therefore be considered affordable for annual household incomes greater than $66,040 (12 months x 3.333 x $1,651).

Rent % Affordability
Above $500 88.2%
Above $700 74.1%
Above $1,100 47.9%
Above $1,500 25.0%
Above $1,900 15.9%
HOUSEHOLD INCOME RANGE

Approximately 10 of households in this neighborhood have a total annual income of $66,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,651 per month.

MINIMUM INCOME RANGE : $66,040

Income % Distribution
<$20K 11.8%
$20K-$35K 27.9%
$35K-$60K 35.3%
$60K-$100K 16.2%
>=$100K 8.8%
COMMUTE TIME DISTRIBUTION

71% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.6%
5-9 mins 2.6%
10-14 mins 10.3%
15-19 mins 25.6%
20-29 mins 29.5%
30-44 mins 15.4%
45-59 mins 7.7%
>60 mins 6.4%

Spring Garden City Demographics

INDUSTRY

Industry % Distribution
Administrative Support 21.8%
Arts & Entertainment 6.9%
Educational Services 8.0%
Health Care & Social Assistance 9.2%
Manufacturing 9.2%
Retail & Wholesale Trader 13.8%
Other 31.0%
AGE DISTRIBUTION

43% of the population is between the ages of 25 and 64, 28% is 24 or younger and 29% is 65 or older.

Age % Distribution
<15 14.8%
15-19 6.8%
20-24 6.4%
25-44 20.3%
45-65 22.5%
66+ 29.2%
OCCUPATION

Occupation % Distribution
Clean 20.0%
Computer Engineering 8.3%
Management, Business, & Financial 15.0%
Natural Resources Maintenance 6.7%
Production & Transportation 11.7%
Sales & Office 13.3%
Other 25.0%
HIGHEST EDUCATION LEVEL

10% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.6%
High School 40.7%
Masters Degree 3.7%
Some College 19.1%
Some High School 16.7%
Other 14.2%

5550 New Jersey Ave Comps

Sorry, we do not have sufficient data available.

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