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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

605 Hillside Cir Lake Alfred, FL 33850

3 Beds 2 Baths 1,536 sqft Built 1977
Last updated:  Jan 23, 2020

INVESTimate

$187,333

$170K - $205K

Price Est.

$1,274

$1.2K - $1.4K

Rent Est.

$202,863  ( +8.29%)   1 YR EST. FORECAST
  
  
  

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605 Hillside Cir PROPERTY INFO

FACTS
  • Built In 1977
  • Price/Sqft : $121.96
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,536 sqft
  • Baths : 2 Full

605 Hillside Cir SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LAKE ALFRED ELEMENTARY SCHOOL Primary Regular 527 36 5
JERE L. STAMBAUGH MIDDLE SCHOOL Middle Regular 879 54 3
AUBURNDALE SENIOR HIGH SCHOOL High Regular 1,475 91 4

LAKE ALFRED ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 527
  • # of teachers: 36
5
GreatSchools Rating

JERE L. STAMBAUGH MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 879
  • # of teachers: 54
3
GreatSchools Rating

AUBURNDALE SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 1,475
  • # of teachers: 91
4
GreatSchools Rating
 

Financial Details

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Neighborhood

Hillside

  • 75

    POPULATION
  • 28

    HOUSEHOLDS
  • 57.4%

    WHITE COLLAR

Neighborhood : Hillside

HOUSEHOLDS
28
POPULATION

75

53.8%Renters
46.2%Home Owners
LABOR FORCE

 

57.4%White Collar
42.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 45% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,274 per month.

MY RENT : $1,274 MEDIAN RENT : $1,318

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 100.0%
>=$1,500 0.0%
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 $1,274 would therefore be considered affordable for annual household incomes greater than $50,960 (12 months x 3.333 x $1,274).

Rent % Affordability
Above $500 60.9%
Above $700 40.0%
Above $1,100 30.4%
Above $1,500 17.4%
Above $1,900 12.7%
HOUSEHOLD INCOME RANGE

Approximately 5 of households in this neighborhood have a total annual income of $50,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,274 per month.

MINIMUM INCOME RANGE : $50,960

Income % Distribution
<$20K 39.1%
$20K-$35K 26.1%
$35K-$60K 17.4%
$60K-$100K 13.0%
>=$100K 4.3%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 3.8%
10-14 mins 11.5%
15-19 mins 7.7%
20-29 mins 26.9%
30-44 mins 26.9%
45-59 mins 11.5%
>60 mins 7.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 45% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,274 per month.

MY RENT : $1,274 MEDIAN RENT : $1,318

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 100.0%
>=$1,500 0.0%
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 $1,274 would therefore be considered affordable for annual household incomes greater than $50,960 (12 months x 3.333 x $1,274).

Rent % Affordability
Above $500 60.9%
Above $700 40.0%
Above $1,100 30.4%
Above $1,500 17.4%
Above $1,900 12.7%
HOUSEHOLD INCOME RANGE

Approximately 5 of households in this neighborhood have a total annual income of $50,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,274 per month.

MINIMUM INCOME RANGE : $50,960

Income % Distribution
<$20K 39.1%
$20K-$35K 26.1%
$35K-$60K 17.4%
$60K-$100K 13.0%
>=$100K 4.3%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 3.8%
10-14 mins 11.5%
15-19 mins 7.7%
20-29 mins 26.9%
30-44 mins 26.9%
45-59 mins 11.5%
>60 mins 7.7%

Hillside Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 15.4%
Construction 11.5%
Health Care & Social Assistance 11.5%
Professional & Scientific Tech Services 7.7%
Retail & Wholesale Trader 11.5%
Transportation 15.4%
Other 26.9%
AGE DISTRIBUTION

45% of the population is between the ages of 25 and 64, 36% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 25.3%
15-19 1.3%
20-24 9.3%
25-44 28.0%
45-65 17.3%
66+ 18.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 11.1%
Healthcare 11.1%
Management, Business, & Financial 16.7%
Natural Resources Maintenance 11.1%
Production & Transportation 22.2%
Sales & Office 11.1%
Other 16.7%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.0%
High School 30.0%
Masters Degree 6.0%
Some College 34.0%
Some High School 8.0%
Other 14.0%

605 Hillside Cir Comps

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605 Hillside Cir, Lake Alfred, FL 33850 is a single family home of 1,536 sqft. HomeUnion INVESTimateĀ® for 605 Hillside Cir includes a Price Estimate of $187,333 and a Rent Estimate of $1,274. This single family home has 3 bedrooms,2 bathrooms, and was built in 1977. This property has an estimated 15 year annualized Yield of 8.16% and Total Return of 24.11%. The estimated 1 year forecast in home value for 605 Hillside Cir is 8.29%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , POLK County , or the 33850 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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