Financials
INVESTimate
$74,559
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579 Se 31st Way PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $120.30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,978 sqft
- Baths : 2 Full
579 Se 31st Way SCHOOLS
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Financial Details
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MELROSE
Neighborhood : MELROSE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 53% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,238 per month.
MY RENT : $1,238 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 $1,238 would therefore be considered affordable for annual household incomes greater than $49,520 (12 months x 3.333 x $1,238).
HOUSEHOLD INCOME RANGE
Approximately 1,135 of households in this neighborhood have a total annual income of $49,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,238 per month.
MINIMUM INCOME RANGE : $49,520
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 31st Way Comps
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579 Se 31st Way, Melrose, FL 32666 is a single family home of 1,978 sqft. HomeUnion INVESTimateĀ® for 579 Se 31st Way includes a Price Estimate of $237,959 and a Rent Estimate of $1,238. This single family home has 3 bedrooms,2 bathrooms, and was built in 2006. This property has an estimated 15 year annualized Yield of 6.24% and Total Return of 17.77%. The estimated 1 year forecast in home value for 579 Se 31st Way is 6.43%.
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
