Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

6298 Michele Rd Macclenny, FL 32063

0 Beds 3 Baths 2,238 sqft Built 1991
Last updated:  Jan 23, 2020

INVESTimate

$279,009

$253K - $305K

Price Est.

$1,595

$1.3K - $1.9K

Rent Est.

$294,829  ( +5.67%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL PARKWAY #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 ∙ 1units 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 ∙ 1units
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1312 CAMELOT DRIVE Atlanta, GA
    • 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1970 ∙ 1units 4 beds 3 baths ∙ 2,110 Sqft ∙ Built 1970 ∙ 1units
    AVAILABLE fmls
    • 15.34% GROSS YIELD
    • $8,581 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $115,000
    • $36,225
    • $1,470
  • 2753 WHITEWATER COURT Austell, GA
    • 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1973 ∙ 1units 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1973 ∙ 1units
    AVAILABLE fmls
    • 13.53% GROSS YIELD
    • $7,498 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $34,900
    • $1,240
  • 2472 SICKLE ROAD Indianapolis, IN
    • 3 beds 1 baths ∙ 1,073 Sqft ∙ Built 1959 ∙ 1units 3 beds 1 baths ∙ 1,073 Sqft ∙ Built 1959 ∙ 1units
    AVAILABLE
    • 13.38% GROSS YIELD
    • $6,362 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $87,000
    • $28,805
    • $970

6298 Michele Rd PROPERTY INFO

FACTS
  • Built In 1991
  • Price/Sqft : $124.67
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,238 sqft
  • Baths : 2 Full 1 Half

6298 Michele Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
J FRANKLYN KELLER INTERMEDIATE SCHOOL Primary Regular 780 44 NA
BAKER COUNTY MIDDLE SCHOOL Middle Regular 1,124 71 NA
BAKER COUNTY HIGH SCHOOL High Regular 1,299 78 NA

J FRANKLYN KELLER INTERMEDIATE SCHOOL

  • Education Level: Primary
  • # of students: 780
  • # of teachers: 44
-1
GreatSchools Rating

BAKER COUNTY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,124
  • # of teachers: 71
-1
GreatSchools Rating

BAKER COUNTY HIGH SCHOOL

  • Education Level: High
  • # of students: 1,299
  • # of teachers: 78
-1
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

MACCLENNY

  • 13,766

    POPULATION
  • 4,410

    HOUSEHOLDS
  • 54.2%

    WHITE COLLAR

Neighborhood : MACCLENNY

HOUSEHOLDS
4,410
POPULATION

13,766

25.0%Renters
75.0%Home Owners
LABOR FORCE

 

54.2%White Collar
45.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,595 per month.

MY RENT : $1,595 MEDIAN RENT : $1,300

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 8.2%
$900-999 9.1%
$1,000-1,499 55.7%
>=$1,500 27.0%
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 $1,595 would therefore be considered affordable for annual household incomes greater than $63,800 (12 months x 3.333 x $1,595).

Rent % Affordability
Above $500 85.4%
Above $700 74.3%
Above $1,100 61.4%
Above $1,500 52.8%
Above $1,900 37.0%
HOUSEHOLD INCOME RANGE

Approximately 1,518 of households in this neighborhood have a total annual income of $63,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,595 per month.

MINIMUM INCOME RANGE : $63,800

Income % Distribution
<$20K 14.6%
$20K-$35K 18.4%
$35K-$60K 14.2%
$60K-$100K 28.8%
>=$100K 24.0%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.7%
5-9 mins 22.8%
10-14 mins 6.6%
15-19 mins 7.3%
20-29 mins 13.3%
30-44 mins 23.1%
45-59 mins 17.6%
>60 mins 6.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,595 per month.

MY RENT : $1,595 MEDIAN RENT : $1,300

Rent % Distribution
$500-699 0.0%
$700-899 8.2%
$900-999 9.1%
$1,000-1,499 55.7%
>=$1,500 27.0%
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 $1,595 would therefore be considered affordable for annual household incomes greater than $63,800 (12 months x 3.333 x $1,595).

Rent % Affordability
Above $500 85.4%
Above $700 74.3%
Above $1,100 61.4%
Above $1,500 52.8%
Above $1,900 37.0%
HOUSEHOLD INCOME RANGE

Approximately 1,518 of households in this neighborhood have a total annual income of $63,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,595 per month.

MINIMUM INCOME RANGE : $63,800

Income % Distribution
<$20K 14.6%
$20K-$35K 18.4%
$35K-$60K 14.2%
$60K-$100K 28.8%
>=$100K 24.0%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.7%
5-9 mins 22.8%
10-14 mins 6.6%
15-19 mins 7.3%
20-29 mins 13.3%
30-44 mins 23.1%
45-59 mins 17.6%
>60 mins 6.7%

MACCLENNY Demographics

INDUSTRY

Industry % Distribution
Construction 7.9%
Educational Services 7.7%
Health Care & Social Assistance 17.1%
Public Administration 13.1%
Retail & Wholesale Trader 16.6%
Transportation 9.8%
Other 27.7%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 31% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 19.5%
15-19 5.9%
20-24 6.0%
25-44 24.6%
45-65 28.3%
66+ 15.7%
OCCUPATION

Occupation % Distribution
Healthcare 13.5%
Management, Business, & Financial 10.6%
Natural Resources Maintenance 12.3%
Production & Transportation 13.5%
Protect 8.7%
Sales & Office 25.7%
Other 15.6%
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 9.3%
High School 35.8%
Masters Degree 3.7%
Some College 25.2%
Some High School 14.1%
Other 11.9%

6298 Michele Rd Comps

Sorry, we do not have sufficient data available.

6298 Michele Rd, Macclenny, FL 32063 is a single family home of 2,238 sqft. HomeUnion INVESTimateĀ® for 6298 Michele Rd includes a Price Estimate of $279,009 and a Rent Estimate of $1,595. This single family home has 0 bedrooms,3 bathrooms, and was built in 1991. This property has an estimated 15 year annualized Yield of 6.86% and Total Return of 19.33%. The estimated 1 year forecast in home value for 6298 Michele Rd is 5.67%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , BAKER County , or the 32063 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available

Nearest zipcodes within 2 miles

  1. 32040