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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

6050 Hoffner Ave Orlando, FL 32822

5 Beds 3 Baths 1,124 sqft Built 1940
Last updated:  Nov 28, 2019

INVESTimate

$280,974

$272K - $289K

Price Est.

$1,405

$1.3K - $1.5K

Rent Est.

$309,971  ( +10.32%)   1 YR EST. FORECAST
  
  
  

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6050 Hoffner Ave PROPERTY INFO

FACTS
  • Built In 1940
  • Price/Sqft : $249.98
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,124 sqft
  • Baths : 3 Full

6050 Hoffner Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CORNERSTONE CHARTER ACADEMY K-8 Primary Charter 746 40 NA
CORNERSTONE CHARTER ACADEMY K-8 Middle Charter 746 40 NA
CORNERSTONE CHARTER ACADEMY HIGH SCHOOL High Charter 216 17 NA

CORNERSTONE CHARTER ACADEMY K-8

  • Education Level: Primary
  • # of students: 746
  • # of teachers: 40
-1
GreatSchools Rating

CORNERSTONE CHARTER ACADEMY K-8

  • Education Level: Middle
  • # of students: 746
  • # of teachers: 40
-1
GreatSchools Rating

CORNERSTONE CHARTER ACADEMY HIGH SCHOOL

  • Education Level: High
  • # of students: 216
  • # of teachers: 17
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

ORLANDO

  • 61,019

    POPULATION
  • 22,720

    HOUSEHOLDS
  • 52.2%

    WHITE COLLAR

Neighborhood : ORLANDO

HOUSEHOLDS
22,720
POPULATION

61,019

57.6%Renters
42.4%Home Owners
LABOR FORCE

 

52.2%White Collar
47.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,405 per month.

MY RENT : $1,405 MEDIAN RENT : $1,267

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 8.4%
$900-999 5.7%
$1,000-1,499 69.6%
>=$1,500 16.2%
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 $1,405 would therefore be considered affordable for annual household incomes greater than $56,200 (12 months x 3.333 x $1,405).

Rent % Affordability
Above $500 77.6%
Above $700 65.0%
Above $1,100 42.9%
Above $1,500 27.1%
Above $1,900 17.6%
HOUSEHOLD INCOME RANGE

Approximately 6,563 of households in this neighborhood have a total annual income of $56,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,405 per month.

MINIMUM INCOME RANGE : $56,200

Income % Distribution
<$20K 22.4%
$20K-$35K 23.0%
$35K-$60K 27.4%
$60K-$100K 18.0%
>=$100K 9.2%
COMMUTE TIME DISTRIBUTION

73% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 3.1%
10-14 mins 9.0%
15-19 mins 14.4%
20-29 mins 28.7%
30-44 mins 29.4%
45-59 mins 8.2%
>60 mins 5.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,405 per month.

MY RENT : $1,405 MEDIAN RENT : $1,267

Rent % Distribution
$500-699 0.0%
$700-899 8.4%
$900-999 5.7%
$1,000-1,499 69.6%
>=$1,500 16.2%
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 $1,405 would therefore be considered affordable for annual household incomes greater than $56,200 (12 months x 3.333 x $1,405).

Rent % Affordability
Above $500 77.6%
Above $700 65.0%
Above $1,100 42.9%
Above $1,500 27.1%
Above $1,900 17.6%
HOUSEHOLD INCOME RANGE

Approximately 6,563 of households in this neighborhood have a total annual income of $56,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,405 per month.

MINIMUM INCOME RANGE : $56,200

Income % Distribution
<$20K 22.4%
$20K-$35K 23.0%
$35K-$60K 27.4%
$60K-$100K 18.0%
>=$100K 9.2%
COMMUTE TIME DISTRIBUTION

73% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 3.1%
10-14 mins 9.0%
15-19 mins 14.4%
20-29 mins 28.7%
30-44 mins 29.4%
45-59 mins 8.2%
>60 mins 5.7%

ORLANDO Demographics

INDUSTRY

Industry % Distribution
Administrative Support 8.6%
Arts & Entertainment 16.7%
Construction 6.3%
Health Care & Social Assistance 11.0%
Retail & Wholesale Trader 17.6%
Transportation 9.2%
Other 30.5%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 33% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 19.4%
15-19 5.7%
20-24 7.7%
25-44 32.7%
45-65 23.0%
66+ 11.6%
OCCUPATION

Occupation % Distribution
Education 6.5%
Healthcare 7.7%
Management, Business, & Financial 10.0%
Natural Resources Maintenance 10.3%
Production & Transportation 13.9%
Sales & Office 28.6%
Other 22.9%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.2%
High School 30.6%
Masters Degree 4.1%
Some College 20.0%
Some High School 15.6%
Other 17.6%

6050 Hoffner Ave Comps

Sorry, we do not have sufficient data available.

6050 Hoffner Ave, Orlando, FL 32822 is a single family home of 1,124 sqft. HomeUnion INVESTimateĀ® for 6050 Hoffner Ave includes a Price Estimate of $280,974 and a Rent Estimate of $1,405. This single family home has 5 bedrooms,3 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 6.00% and Total Return of 26.60%. The estimated 1 year forecast in home value for 6050 Hoffner Ave is 10.32%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , ORANGE County , or the 32822 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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