INVESTimate
$65,430
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579 Se 17th St PROPERTY INFO
FACTS
- Built In 1950
- Price/Sqft : $141.33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,440 sqft
- Baths : 2 Full
579 Se 17th St SCHOOLS
Financial Details
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MELROSE
Neighborhood : MELROSE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 22% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,602 per month.
MY RENT : $1,602 MEDIAN RENT : $1,232
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 $1,602 would therefore be considered affordable for annual household incomes greater than $64,080 (12 months x 3.333 x $1,602).
HOUSEHOLD INCOME RANGE
Approximately 666 of households in this neighborhood have a total annual income of $64,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,602 per month.
MINIMUM INCOME RANGE : $64,080
COMMUTE TIME DISTRIBUTION
52% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.
MELROSE Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 7.2% |
Construction | 7.2% |
Educational Services | 7.4% |
Health Care & Social Assistance | 18.2% |
Public Administration | 7.5% |
Retail & Wholesale Trader | 15.8% |
Other | 36.8% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 24% is 24 or younger and 25% is 65 or older.
Age | % Distribution |
---|---|
<15 | 10.2% |
15-19 | 5.7% |
20-24 | 7.8% |
25-44 | 16.6% |
45-65 | 35.1% |
66+ | 24.6% |
OCCUPATION
Occupation | % Distribution |
---|---|
Clean | 8.1% |
Healthcare | 11.0% |
Management, Business, & Financial | 17.7% |
Natural Resources Maintenance | 8.1% |
Production & Transportation | 8.3% |
Sales & Office | 21.1% |
Other | 25.7% |
HIGHEST EDUCATION LEVEL
21% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 11.6% |
High School | 33.1% |
Masters Degree | 4.9% |
Some College | 23.5% |
Some High School | 12.7% |
Other | 14.1% |
579 Se 17th St Comps
579 Se 17th St, Melrose, FL 32666 is a single family home of 1,440 sqft. HomeUnion INVESTimate® for 579 Se 17th St includes a Price Estimate of $203,509 and a Rent Estimate of $1,602. This single family home has 3 bedrooms,2 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 9.45% and Total Return of 15.33%. The estimated 1 year forecast in home value for 579 Se 17th St is 2.5%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL, BRADFORD County, or the 32666 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2