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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

6419 Joe Cotton Trl Tallahassee, FL 32309

3 Beds 2 Baths 1,682 sqft Built 1987
Last updated:  Jan 23, 2020

INVESTimate

$243,987

$235K - $253K

Price Est.

$1,498

$1.4K - $1.6K

Rent Est.

$253,746  ( +4%)   1 YR EST. FORECAST
  
  
  

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6419 Joe Cotton Trl PROPERTY INFO

FACTS
  • Built In 1987
  • Price/Sqft : $145.06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,682 sqft
  • Baths : 2 Full

6419 Joe Cotton Trl SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
DESOTO TRAIL ELEMENTARY SCHOOL Primary Regular 638 41 10
MONTFORD MIDDLE SCHOOL Middle Regular 1,126 58 9
CHILES HIGH SCHOOL High Regular 1,972 90 9

DESOTO TRAIL ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 41
10
GreatSchools Rating

MONTFORD MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,126
  • # of teachers: 58
9
GreatSchools Rating

CHILES HIGH SCHOOL

  • Education Level: High
  • # of students: 1,972
  • # of teachers: 90
9
GreatSchools Rating
 

Financial Details

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Neighborhood

Killearn Acres

  • 3,509

    POPULATION
  • 1,360

    HOUSEHOLDS
  • 82.1%

    WHITE COLLAR

Neighborhood : Killearn Acres

HOUSEHOLDS
1,360
POPULATION

3,509

15.0%Renters
85.0%Home Owners
LABOR FORCE

 

82.1%White Collar
17.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 33% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,498 per month.

MY RENT : $1,498 MEDIAN RENT : $1,441

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.5%
$900-999 0.3%
$1,000-1,499 66.3%
>=$1,500 32.8%
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 $1,498 would therefore be considered affordable for annual household incomes greater than $59,920 (12 months x 3.333 x $1,498).

Rent % Affordability
Above $500 98.5%
Above $700 96.9%
Above $1,100 81.5%
Above $1,500 68.8%
Above $1,900 57.5%
HOUSEHOLD INCOME RANGE

Approximately 937 of households in this neighborhood have a total annual income of $59,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,498 per month.

MINIMUM INCOME RANGE : $59,920

Income % Distribution
<$20K 1.5%
$20K-$35K 5.2%
$35K-$60K 24.4%
$60K-$100K 23.1%
>=$100K 45.7%
COMMUTE TIME DISTRIBUTION

76% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 2% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 7.7%
10-14 mins 12.7%
15-19 mins 15.9%
20-29 mins 24.4%
30-44 mins 36.0%
45-59 mins 1.1%
>60 mins 0.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 33% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,498 per month.

MY RENT : $1,498 MEDIAN RENT : $1,441

Rent % Distribution
$500-699 0.0%
$700-899 0.5%
$900-999 0.3%
$1,000-1,499 66.3%
>=$1,500 32.8%
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 $1,498 would therefore be considered affordable for annual household incomes greater than $59,920 (12 months x 3.333 x $1,498).

Rent % Affordability
Above $500 98.5%
Above $700 96.9%
Above $1,100 81.5%
Above $1,500 68.8%
Above $1,900 57.5%
HOUSEHOLD INCOME RANGE

Approximately 937 of households in this neighborhood have a total annual income of $59,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,498 per month.

MINIMUM INCOME RANGE : $59,920

Income % Distribution
<$20K 1.5%
$20K-$35K 5.2%
$35K-$60K 24.4%
$60K-$100K 23.1%
>=$100K 45.7%
COMMUTE TIME DISTRIBUTION

76% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 2% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 7.7%
10-14 mins 12.7%
15-19 mins 15.9%
20-29 mins 24.4%
30-44 mins 36.0%
45-59 mins 1.1%
>60 mins 0.7%

Killearn Acres Demographics

INDUSTRY

Industry % Distribution
Educational Services 13.1%
Financial Industries 6.0%
Health Care & Social Assistance 10.5%
Professional & Scientific Tech Services 10.4%
Public Administration 20.5%
Retail & Wholesale Trader 10.5%
Other 29.0%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 30% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 19.5%
15-19 6.7%
20-24 3.5%
25-44 23.5%
45-65 33.5%
66+ 13.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 16.9%
Construction 4.8%
Healthcare 6.4%
Management, Business, & Financial 28.5%
Production & Transportation 4.6%
Sales & Office 20.9%
Other 17.9%
HIGHEST EDUCATION LEVEL

32% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.4%
High School 12.6%
Masters Degree 12.3%
Professional 4.1%
Some College 23.1%
Other 35.5%

6419 Joe Cotton Trl Comps

Sorry, we do not have sufficient data available.

6419 Joe Cotton Trl, Tallahassee, FL 32309 is a single family home of 1,682 sqft. HomeUnion INVESTimateĀ® for 6419 Joe Cotton Trl includes a Price Estimate of $243,987 and a Rent Estimate of $1,498. This single family home has 3 bedrooms,2 bathrooms, and was built in 1987. This property has an estimated 15 year annualized Yield of 7.37% and Total Return of 16.48%. The estimated 1 year forecast in home value for 6419 Joe Cotton Trl is 4%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , LEON County , or the 32309 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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