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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

610 N Summit Ave Lake Helen, FL 32744

4 Beds 2 Baths 1,788 sqft Built 1997
Last updated:  Jan 23, 2020

INVESTimate

$255,661

$243K - $268K

Price Est.

$1,651

$1.5K - $1.8K

Rent Est.

$282,863  ( +10.64%)   1 YR EST. FORECAST
  
  
  

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610 N Summit Ave PROPERTY INFO

FACTS
  • Built In 1997
  • Price/Sqft : $142.99
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,788 sqft
  • Baths : 2 Full

610 N Summit Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
VOLUSIA PINES ELEMENTARY SCHOOL Primary Regular 624 49 4
DELAND MIDDLE SCHOOL Middle Regular 1,094 67 5
DELAND HIGH SCHOOL High Magnet 2,474 136 7

VOLUSIA PINES ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 49
4
GreatSchools Rating

DELAND MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,094
  • # of teachers: 67
5
GreatSchools Rating

DELAND HIGH SCHOOL

  • Education Level: High
  • # of students: 2,474
  • # of teachers: 136
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Summit Pines

  • 82

    POPULATION
  • 27

    HOUSEHOLDS
  • 56.0%

    WHITE COLLAR

Neighborhood : Summit Pines

HOUSEHOLDS
27
POPULATION

82

19.2%Renters
80.8%Home Owners
LABOR FORCE

 

56.0%White Collar
44.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 13% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,651 per month.

MY RENT : $1,651 MEDIAN RENT : $1,224

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 87.2%
>=$1,500 12.8%
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 $1,651 would therefore be considered affordable for annual household incomes greater than $66,040 (12 months x 3.333 x $1,651).

Rent % Affordability
Above $500 84.6%
Above $700 68.5%
Above $1,100 55.4%
Above $1,500 42.3%
Above $1,900 30.2%
HOUSEHOLD INCOME RANGE

Approximately 6 of households in this neighborhood have a total annual income of $66,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,651 per month.

MINIMUM INCOME RANGE : $66,040

Income % Distribution
<$20K 15.4%
$20K-$35K 23.1%
$35K-$60K 19.2%
$60K-$100K 26.9%
>=$100K 15.4%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 31% 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 0.0%
5-9 mins 5.7%
10-14 mins 25.7%
15-19 mins 22.9%
20-29 mins 17.1%
30-44 mins 20.0%
45-59 mins 5.7%
>60 mins 2.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 13% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,651 per month.

MY RENT : $1,651 MEDIAN RENT : $1,224

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 87.2%
>=$1,500 12.8%
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 $1,651 would therefore be considered affordable for annual household incomes greater than $66,040 (12 months x 3.333 x $1,651).

Rent % Affordability
Above $500 84.6%
Above $700 68.5%
Above $1,100 55.4%
Above $1,500 42.3%
Above $1,900 30.2%
HOUSEHOLD INCOME RANGE

Approximately 6 of households in this neighborhood have a total annual income of $66,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,651 per month.

MINIMUM INCOME RANGE : $66,040

Income % Distribution
<$20K 15.4%
$20K-$35K 23.1%
$35K-$60K 19.2%
$60K-$100K 26.9%
>=$100K 15.4%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 31% 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 0.0%
5-9 mins 5.7%
10-14 mins 25.7%
15-19 mins 22.9%
20-29 mins 17.1%
30-44 mins 20.0%
45-59 mins 5.7%
>60 mins 2.9%

Summit Pines Demographics

INDUSTRY

Industry % Distribution
Administrative Support 10.5%
Construction 13.2%
Educational Services 7.9%
Health Care & Social Assistance 7.9%
Professional & Scientific Tech Services 7.9%
Retail & Wholesale Trader 18.4%
Other 34.2%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 24% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 13.4%
15-19 6.1%
20-24 4.9%
25-44 22.0%
45-65 36.6%
66+ 17.1%
OCCUPATION

Occupation % Distribution
Clean 8.7%
Healthcare 4.3%
Management, Business, & Financial 17.4%
Natural Resources Maintenance 21.7%
Production & Transportation 8.7%
Sales & Office 26.1%
Other 13.0%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.0%
High School 36.7%
Masters Degree 5.0%
Some College 25.0%
Some High School 15.0%
Other 8.3%

610 N Summit Ave Comps

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610 N Summit Ave, Lake Helen, FL 32744 is a single family home of 1,788 sqft. HomeUnion INVESTimateĀ® for 610 N Summit Ave includes a Price Estimate of $255,661 and a Rent Estimate of $1,651. This single family home has 4 bedrooms,2 bathrooms, and was built in 1997. This property has an estimated 15 year annualized Yield of 7.75% and Total Return of 25.86%. The estimated 1 year forecast in home value for 610 N Summit Ave is 10.64%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , VOLUSIA County , or the 32744 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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