INVESTimate
$67,662
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The following properties with Estimated Highest Gross Yields are available in other markets.
579 Se 31st Way PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $107.14
CONSTRUCTION
- Beds : 3
- Floor Size : 1,978 sqft
- Baths : 2 Full
579 Se 31st Way SCHOOLS
Financial Details
See Financial Details
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MELROSE
Neighborhood : MELROSE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 28% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,446 per month.
MY RENT : $1,446 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 $1,446 would therefore be considered affordable for annual household incomes greater than $57,840 (12 months x 3.333 x $1,446).
HOUSEHOLD INCOME RANGE
Approximately 1,044 of households in this neighborhood have a total annual income of $57,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,446 per month.
MINIMUM INCOME RANGE : $57,840
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
579 Se 31st Way, Melrose, FL 32666 is a single family home of 1,978 sqft. HomeUnion INVESTimate® for 579 Se 31st Way includes a Price Estimate of $211,932 and a Rent Estimate of $1,446. This single family home has 3 bedrooms,2 bathrooms, and was built in 2006. This property has an estimated 15 year annualized Yield of 8.19% and Total Return of 11.01%. The estimated 1 year forecast in home value for 579 Se 31st Way 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