Financial Details627 Caribbean Dr E PROPERTY INFO
FACTS
- Built In 0
- Price/Sqft : $404.69
CONSTRUCTION
- Beds : 0
- Floor Size : 1,360 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
627 Caribbean Dr E, Summerland Key, FL 33042 is a single family home of 1,360 sqft. HomeUnion estimate for 627 Caribbean Dr E includes a Price Estimate of $550,376 and a Rent Estimate of $2,893. This single family home has 0 bedrooms, 0 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 6.31% and Total Return of 20.45%. The estimated 1 year forecast in home value for 627 Caribbean Dr E is 5.31%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
627 Caribbean Dr E SCHOOLS
Financial Details
See Financial Details
To review the detailed projections for this property, sign up for a FREE account
SUMMERLAND KEY
Neighborhood : SUMMERLAND KEY
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 $2,893 per month.
MY RENT : $2,893 MEDIAN RENT : $3,800
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 $2,893 would therefore be considered affordable for annual household incomes greater than $115,720 (12 months x 3.333 x $2,893).
HOUSEHOLD INCOME RANGE
Approximately 598 of households in this neighborhood have a total annual income of $115,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,893 per month.
MINIMUM INCOME RANGE : $115,720
COMMUTE TIME DISTRIBUTION
57% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.
SUMMERLAND KEY Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 16.5% |
| Construction | 9.8% |
| Health Care & Social Assistance | 9.1% |
| Public Administration | 10.9% |
| Retail & Wholesale Trader | 12.7% |
| Transportation | 7.6% |
| Other | 33.4% |
AGE DISTRIBUTION
57% of the population is between the ages of 25 and 64, 16% is 24 or younger and 26% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 10.0% |
| 15-19 | 2.4% |
| 20-24 | 3.9% |
| 25-44 | 23.6% |
| 45-65 | 33.9% |
| 66+ | 26.3% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 5.1% |
| Healthcare | 7.8% |
| Management, Business, & Financial | 20.6% |
| Natural Resources Maintenance | 15.2% |
| Production & Transportation | 7.8% |
| Sales & Office | 20.1% |
| Other | 23.4% |
HIGHEST EDUCATION LEVEL
21% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 7.8% |
| High School | 25.1% |
| Masters Degree | 8.1% |
| Some College | 22.7% |
| Some High School | 5.0% |
| Other | 31.4% |
627 Caribbean Dr E Comps
Sorry, we do not have sufficient data available.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , MONROE County , or the 33042 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
