Financial Details606 Georgia Ave PROPERTY INFO
FACTS
- Built In 1970
- Price/Sqft : $171.23
CONSTRUCTION
- Beds : 2
- Floor Size : 684 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
606 Georgia Ave, Mexico Beach, FL 32456 is a single family home of 684 sqft. HomeUnion estimate for 606 Georgia Ave includes a Price Estimate of $117,121 and a Rent Estimate of $1,031. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1970. This property has an estimated 15 year annualized Yield of 10.56% and Total Return of 33.23%. The estimated 1 year forecast in home value for 606 Georgia Ave is 10.46%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
606 Georgia Ave SCHOOLS
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Financial Details
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Mexico Beach
Neighborhood : Mexico Beach
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 98% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,031 per month.
MY RENT : $1,031 MEDIAN RENT : $1,733
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 $1,031 would therefore be considered affordable for annual household incomes greater than $41,240 (12 months x 3.333 x $1,031).
HOUSEHOLD INCOME RANGE
Approximately 204 of households in this neighborhood have a total annual income of $41,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,031 per month.
MINIMUM INCOME RANGE : $41,240
COMMUTE TIME DISTRIBUTION
66% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.
Mexico Beach Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 7.8% |
| Arts & Entertainment | 7.4% |
| Construction | 7.4% |
| Educational Services | 8.9% |
| Health Care & Social Assistance | 21.0% |
| Retail & Wholesale Trader | 14.8% |
| Other | 32.7% |
AGE DISTRIBUTION
56% of the population is between the ages of 25 and 64, 13% is 24 or younger and 31% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 5.6% |
| 15-19 | 2.2% |
| 20-24 | 5.7% |
| 25-44 | 22.2% |
| 45-65 | 33.5% |
| 66+ | 30.8% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 8.1% |
| Healthcare | 28.0% |
| Management, Business, & Financial | 18.6% |
| Natural Resources Maintenance | 13.0% |
| Production & Transportation | 3.7% |
| Sales & Office | 18.6% |
| Other | 9.9% |
HIGHEST EDUCATION LEVEL
30% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 11.8% |
| High School | 22.2% |
| Masters Degree | 12.6% |
| Some College | 21.2% |
| Some High School | 7.7% |
| Other | 24.5% |
606 Georgia Ave Comps
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