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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

634 Colonial Dr Callaway, FL 32404

3 Beds 2 Baths 1,372 sqft Built 1975
Last updated:  Nov 28, 2019

INVESTimate

$277,923

$263K - $293K

Price Est.

$1,300

$1.2K - $1.4K

Rent Est.

$293,542  ( +5.62%)   1 YR EST. FORECAST
  
  
  

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634 Colonial Dr PROPERTY INFO

FACTS
  • Built In 1975
  • Price/Sqft : $202.57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,372 sqft
  • Baths : 2 Full

634 Colonial Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CALLAWAY ELEMENTARY SCHOOL Primary Regular 583 38 3
EVERITT MIDDLE SCHOOL Middle Regular 845 46 3
RUTHERFORD HIGH SCHOOL High Regular 1,301 69 5

CALLAWAY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 38
3
GreatSchools Rating

EVERITT MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 845
  • # of teachers: 46
3
GreatSchools Rating

RUTHERFORD HIGH SCHOOL

  • Education Level: High
  • # of students: 1,301
  • # of teachers: 69
5
GreatSchools Rating
 

Financial Details

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Neighborhood

Xanadu

  • 184

    POPULATION
  • 61

    HOUSEHOLDS
  • 89.3%

    WHITE COLLAR

Neighborhood : Xanadu

HOUSEHOLDS
61
POPULATION

184

3.4%Renters
96.6%Home Owners
LABOR FORCE

 

89.3%White Collar
10.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 57% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,300 per month.

MY RENT : $1,300 MEDIAN RENT : $1,361

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 71.6%
>=$1,500 28.4%
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 $1,300 would therefore be considered affordable for annual household incomes greater than $52,000 (12 months x 3.333 x $1,300).

Rent % Affordability
Above $500 96.8%
Above $700 93.5%
Above $1,100 90.3%
Above $1,500 83.9%
Above $1,900 71.5%
HOUSEHOLD INCOME RANGE

Approximately 53 of households in this neighborhood have a total annual income of $52,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,300 per month.

MINIMUM INCOME RANGE : $52,000

Income % Distribution
<$20K 3.2%
$20K-$35K 3.2%
$35K-$60K 9.7%
$60K-$100K 38.7%
>=$100K 45.2%
COMMUTE TIME DISTRIBUTION

77% of the working population has a commute time of 15 to 44 minutes, 14% 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 4.5%
10-14 mins 9.9%
15-19 mins 23.4%
20-29 mins 22.5%
30-44 mins 30.6%
45-59 mins 2.7%
>60 mins 6.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 57% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,300 per month.

MY RENT : $1,300 MEDIAN RENT : $1,361

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 71.6%
>=$1,500 28.4%
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 $1,300 would therefore be considered affordable for annual household incomes greater than $52,000 (12 months x 3.333 x $1,300).

Rent % Affordability
Above $500 96.8%
Above $700 93.5%
Above $1,100 90.3%
Above $1,500 83.9%
Above $1,900 71.5%
HOUSEHOLD INCOME RANGE

Approximately 53 of households in this neighborhood have a total annual income of $52,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,300 per month.

MINIMUM INCOME RANGE : $52,000

Income % Distribution
<$20K 3.2%
$20K-$35K 3.2%
$35K-$60K 9.7%
$60K-$100K 38.7%
>=$100K 45.2%
COMMUTE TIME DISTRIBUTION

77% of the working population has a commute time of 15 to 44 minutes, 14% 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 4.5%
10-14 mins 9.9%
15-19 mins 23.4%
20-29 mins 22.5%
30-44 mins 30.6%
45-59 mins 2.7%
>60 mins 6.3%

Xanadu Demographics

INDUSTRY

Industry % Distribution
Educational Services 6.4%
Financial Industries 20.0%
Health Care & Social Assistance 8.2%
Manufacturing 6.4%
Public Administration 23.6%
Retail & Wholesale Trader 14.5%
Other 20.9%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 23% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 6.0%
15-19 7.6%
20-24 9.2%
25-44 10.3%
45-65 48.9%
66+ 17.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.8%
Healthcare 6.8%
Management, Business, & Financial 56.2%
Natural Resources Maintenance 5.5%
Production & Transportation 2.7%
Sales & Office 19.2%
Other 2.7%
HIGHEST EDUCATION LEVEL

37% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.3%
High School 13.3%
Masters Degree 21.3%
Some College 29.3%
Some High School 8.7%
Other 16.0%

634 Colonial Dr Comps

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634 Colonial Dr, Callaway, FL 32404 is a single family home of 1,372 sqft. HomeUnion INVESTimateĀ® for 634 Colonial Dr includes a Price Estimate of $277,923 and a Rent Estimate of $1,300. This single family home has 3 bedrooms,2 bathrooms, and was built in 1975. This property has an estimated 15 year annualized Yield of 5.61% and Total Return of 15.98%. The estimated 1 year forecast in home value for 634 Colonial Dr is 5.62%.

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