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This page contains aggregated information about each property, 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 about INVESTimate

5852 Gasparilla Rd M9 Boca Grande, FL 33921

1 Beds 1 Baths 686 sqft Built 1981
Last updated:  Dec 26, 2019

INVESTimate

$1,032,770

$878K - $1.19M

Price Est.

$2,229

$1.8K - $2.6K

Rent Est.

$1,111,364  ( +7.61%)   1 YR EST. FORECAST
  
  
  

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5852 Gasparilla Rd M9 PROPERTY INFO

FACTS
  • Built In 1981
  • Price/Sqft : $1,505.50
CONSTRUCTION
  • Beds : 1
  • Floor Size : 686 sqft
  • Baths : 1 Full

5852 Gasparilla Rd M9 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MYAKKA RIVER ELEMENTARY SCHOOL Primary Regular 622 40 8

MYAKKA RIVER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 622
  • # of teachers: 40
8
GreatSchools Rating
 

Financial Details

See Financial Details

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Neighborhood

BOCA GRANDE

  • 1,047

    POPULATION
  • 400

    HOUSEHOLDS
  • 73.6%

    WHITE COLLAR

Neighborhood : BOCA GRANDE

HOUSEHOLDS
400
POPULATION

1,047

9.5%Renters
90.5%Home Owners
LABOR FORCE

 

73.6%White Collar
26.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,229 per month.

MY RENT : $2,229 MEDIAN RENT : $3,792

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $2,229 would therefore be considered affordable for annual household incomes greater than $89,160 (12 months x 3.333 x $2,229).

Rent % Affordability
Above $500 93.5%
Above $700 82.6%
Above $1,100 67.6%
Above $1,500 56.7%
Above $1,900 49.2%
HOUSEHOLD INCOME RANGE

Approximately 159 of households in this neighborhood have a total annual income of $89,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,229 per month.

MINIMUM INCOME RANGE : $89,160

Income % Distribution
<$20K 6.5%
$20K-$35K 18.4%
$35K-$60K 18.4%
$60K-$100K 18.6%
>=$100K 38.0%
COMMUTE TIME DISTRIBUTION

27% of the working population has a commute time of 15 to 44 minutes, 64% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.0%
5-9 mins 29.2%
10-14 mins 27.1%
15-19 mins 14.5%
20-29 mins 9.8%
30-44 mins 2.8%
45-59 mins 1.5%
>60 mins 7.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,229 per month.

MY RENT : $2,229 MEDIAN RENT : $3,792

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $2,229 would therefore be considered affordable for annual household incomes greater than $89,160 (12 months x 3.333 x $2,229).

Rent % Affordability
Above $500 93.5%
Above $700 82.6%
Above $1,100 67.6%
Above $1,500 56.7%
Above $1,900 49.2%
HOUSEHOLD INCOME RANGE

Approximately 159 of households in this neighborhood have a total annual income of $89,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,229 per month.

MINIMUM INCOME RANGE : $89,160

Income % Distribution
<$20K 6.5%
$20K-$35K 18.4%
$35K-$60K 18.4%
$60K-$100K 18.6%
>=$100K 38.0%
COMMUTE TIME DISTRIBUTION

27% of the working population has a commute time of 15 to 44 minutes, 64% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.0%
5-9 mins 29.2%
10-14 mins 27.1%
15-19 mins 14.5%
20-29 mins 9.8%
30-44 mins 2.8%
45-59 mins 1.5%
>60 mins 7.1%

BOCA GRANDE Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 15.6%
Arts & Entertainment 25.2%
Health Care & Social Assistance 5.7%
Information 6.7%
Retail & Wholesale Trader 18.0%
Transportation 6.2%
Other 22.7%
AGE DISTRIBUTION

43% of the population is between the ages of 25 and 64, 13% is 24 or younger and 43% is 65 or older.

Age % Distribution
<15 2.6%
15-19 6.9%
20-24 3.7%
25-44 25.8%
45-65 17.6%
66+ 43.5%
OCCUPATION

Occupation % Distribution
Healthcare 7.7%
Management, Business, & Financial 26.6%
Natural Resources Maintenance 17.5%
Production & Transportation 10.6%
Sales & Office 33.2%
Social 4.0%
Other 0.4%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.6%
High School 9.3%
Masters Degree 4.1%
Some College 29.4%
Some High School 5.9%
Other 37.7%

5852 Gasparilla Rd M9 Comps

Sorry, we do not have sufficient data available.

5852 Gasparilla Rd M9, Boca Grande, FL 33921 is a single family home of 686 sqft. HomeUnion INVESTimateĀ® for 5852 Gasparilla Rd M9 includes a Price Estimate of $1,032,770 and a Rent Estimate of $2,229. This single family home has 1 bedrooms,1 bathrooms, and was built in 1981. This property has an estimated 15 year annualized Yield of 2.59% and Total Return of 14.78%. The estimated 1 year forecast in home value for 5852 Gasparilla Rd M9 is 7.61%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , CHARLOTTE County , or the 33921 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 33946