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.

57 1st St Mexico Beach, FL 32456

1 Beds 2 Baths 1,008 sqft Built 1970
Last updated:  Nov 28, 2019

INVESTimate

$316,816

$301K - $333K

Price Est.

$1,065

888 - $1.2K

Rent Est.

$349,955  ( +10.46%)   1 YR EST. FORECAST

57 1st St PROPERTY INFO

FACTS
  • Built In 1970
  • Price/Sqft : $314.30
CONSTRUCTION
  • Beds : 1
  • Floor Size : 1,008 sqft
  • Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
57 1st St, Mexico Beach, FL 32456 is a single family home of 1,008 sqft. HomeUnion estimate for 57 1st St includes a Price Estimate of $316,816 and a Rent Estimate of $1,065. This single family home has 1 bedrooms, 2 bathrooms, and was built in 1970. This property has an estimated 15 year annualized Yield of 4.03% and Total Return of 23.64%. The estimated 1 year forecast in home value for 57 1st St is 10.46%.
  
  
  

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
    • $170,000
    • $50,800
    • $1,980
  • 526 PRINCE OF WALES Stone Mountain, GA
    • 2 beds 2 baths ∙ 1,092 Sqft ∙ Built 1983 ∙ 1units 2 beds 2 baths ∙ 1,092 Sqft ∙ Built 1983 ∙ 1units
    AVAILABLE fmls
    • 12.96% GROSS YIELD
    • $7,630 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,080
  • 2032 GLENRIDGE DRIVE Indianapolis, IN
    • 4 beds 1 baths ∙ 1,820 Sqft ∙ Built 1949 ∙ 1units 4 beds 1 baths ∙ 1,820 Sqft ∙ Built 1949 ∙ 1units
    AVAILABLE
    • 12.40% GROSS YIELD
    • $5,248 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $90,000
    • $29,600
    • $930
  • 707 VICKSBURG PLACE Sandy Springs, GA
    • 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1982 ∙ 1units 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1982 ∙ 1units
    AVAILABLE fmls
    • 12.21% GROSS YIELD
    • $9,520 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $170,000
    • $50,800
    • $1,730

57 1st St SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

See Financial Details

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

Already have an account?
Neighborhood

Mexico Beach

  • 772

    POPULATION
  • 382

    HOUSEHOLDS
  • 61.3%

    WHITE COLLAR

Neighborhood : Mexico Beach

HOUSEHOLDS
382
POPULATION

772

37.6%Renters
62.4%Home Owners
LABOR FORCE

 

61.3%White Collar
38.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 96% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,065 per month.

MY RENT : $1,065 MEDIAN RENT : $1,733

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.1%
$900-999 0.2%
$1,000-1,499 25.6%
>=$1,500 74.0%
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 $1,065 would therefore be considered affordable for annual household incomes greater than $42,600 (12 months x 3.333 x $1,065).

Rent % Affordability
Above $500 86.5%
Above $700 78.3%
Above $1,100 59.7%
Above $1,500 44.3%
Above $1,900 31.2%
HOUSEHOLD INCOME RANGE

Approximately 201 of households in this neighborhood have a total annual income of $42,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,065 per month.

MINIMUM INCOME RANGE : $42,600

Income % Distribution
<$20K 13.5%
$20K-$35K 14.1%
$35K-$60K 28.1%
$60K-$100K 21.1%
>=$100K 23.2%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.5%
5-9 mins 6.1%
10-14 mins 2.9%
15-19 mins 19.4%
20-29 mins 30.5%
30-44 mins 15.8%
45-59 mins 6.1%
>60 mins 11.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 96% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,065 per month.

MY RENT : $1,065 MEDIAN RENT : $1,733

Rent % Distribution
$500-699 0.0%
$700-899 0.1%
$900-999 0.2%
$1,000-1,499 25.6%
>=$1,500 74.0%
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 $1,065 would therefore be considered affordable for annual household incomes greater than $42,600 (12 months x 3.333 x $1,065).

Rent % Affordability
Above $500 86.5%
Above $700 78.3%
Above $1,100 59.7%
Above $1,500 44.3%
Above $1,900 31.2%
HOUSEHOLD INCOME RANGE

Approximately 201 of households in this neighborhood have a total annual income of $42,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,065 per month.

MINIMUM INCOME RANGE : $42,600

Income % Distribution
<$20K 13.5%
$20K-$35K 14.1%
$35K-$60K 28.1%
$60K-$100K 21.1%
>=$100K 23.2%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.5%
5-9 mins 6.1%
10-14 mins 2.9%
15-19 mins 19.4%
20-29 mins 30.5%
30-44 mins 15.8%
45-59 mins 6.1%
>60 mins 11.8%

Mexico Beach Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.8%
Arts & Entertainment 7.4%
Construction 7.4%
Educational Services 8.9%
Health Care & Social Assistance 21.0%
Retail & Wholesale Trader 14.8%
Other 32.7%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 13% is 24 or younger and 31% is 65 or older.

Age % Distribution
<15 5.6%
15-19 2.2%
20-24 5.7%
25-44 22.2%
45-65 33.5%
66+ 30.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.1%
Healthcare 28.0%
Management, Business, & Financial 18.6%
Natural Resources Maintenance 13.0%
Production & Transportation 3.7%
Sales & Office 18.6%
Other 9.9%
HIGHEST EDUCATION LEVEL

30% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.8%
High School 22.2%
Masters Degree 12.6%
Some College 21.2%
Some High School 7.7%
Other 24.5%

57 1st St 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 , BAY County , or the 32456 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available

Nearest zipcodes within 2 miles

  1. 32401
  2. 32410
  3. 32312