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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

645 Cassadaga Rd Lake Helen, FL 32744

2 Beds 1 Baths 784 sqft Built 1959
Last updated:  Jan 23, 2020

INVESTimate

$189,023

$180K - $198K

Price Est.

$1,072

975 - $1.2K

Rent Est.

$209,135  ( +10.64%)   1 YR EST. FORECAST
  
  
  

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645 Cassadaga Rd PROPERTY INFO

FACTS
  • Built In 1959
  • Price/Sqft : $241.10
CONSTRUCTION
  • Beds : 2
  • Floor Size : 784 sqft
  • Baths : 1 Full

645 Cassadaga Rd 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

LAKE HELEN

  • 3,486

    POPULATION
  • 1,467

    HOUSEHOLDS
  • 61.2%

    WHITE COLLAR

Neighborhood : LAKE HELEN

HOUSEHOLDS
1,467
POPULATION

3,486

17.7%Renters
82.3%Home Owners
LABOR FORCE

 

61.2%White Collar
38.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,072 per month.

MY RENT : $1,072 MEDIAN RENT : $1,338

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 2.6%
$1,000-1,499 62.5%
>=$1,500 34.9%
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 $1,072 would therefore be considered affordable for annual household incomes greater than $42,880 (12 months x 3.333 x $1,072).

Rent % Affordability
Above $500 80.4%
Above $700 66.7%
Above $1,100 50.5%
Above $1,500 35.3%
Above $1,900 24.8%
HOUSEHOLD INCOME RANGE

Approximately 618 of households in this neighborhood have a total annual income of $42,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,072 per month.

MINIMUM INCOME RANGE : $42,880

Income % Distribution
<$20K 19.6%
$20K-$35K 21.5%
$35K-$60K 23.6%
$60K-$100K 21.1%
>=$100K 14.2%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.3%
5-9 mins 6.8%
10-14 mins 15.4%
15-19 mins 14.0%
20-29 mins 25.8%
30-44 mins 21.0%
45-59 mins 3.8%
>60 mins 12.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,072 per month.

MY RENT : $1,072 MEDIAN RENT : $1,338

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 2.6%
$1,000-1,499 62.5%
>=$1,500 34.9%
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 $1,072 would therefore be considered affordable for annual household incomes greater than $42,880 (12 months x 3.333 x $1,072).

Rent % Affordability
Above $500 80.4%
Above $700 66.7%
Above $1,100 50.5%
Above $1,500 35.3%
Above $1,900 24.8%
HOUSEHOLD INCOME RANGE

Approximately 618 of households in this neighborhood have a total annual income of $42,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,072 per month.

MINIMUM INCOME RANGE : $42,880

Income % Distribution
<$20K 19.6%
$20K-$35K 21.5%
$35K-$60K 23.6%
$60K-$100K 21.1%
>=$100K 14.2%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.3%
5-9 mins 6.8%
10-14 mins 15.4%
15-19 mins 14.0%
20-29 mins 25.8%
30-44 mins 21.0%
45-59 mins 3.8%
>60 mins 12.9%

LAKE HELEN Demographics

INDUSTRY

Industry % Distribution
Administrative Support 8.4%
Construction 11.0%
Educational Services 10.0%
Health Care & Social Assistance 11.5%
Manufacturing 7.7%
Retail & Wholesale Trader 12.0%
Other 39.5%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 23% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 12.8%
15-19 5.0%
20-24 5.1%
25-44 20.4%
45-65 34.5%
66+ 22.2%
OCCUPATION

Occupation % Distribution
Clean 4.9%
Healthcare 9.1%
Management, Business, & Financial 18.3%
Natural Resources Maintenance 13.1%
Production & Transportation 10.5%
Sales & Office 22.9%
Other 21.1%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.1%
High School 36.9%
Masters Degree 3.2%
Some College 22.3%
Some High School 11.0%
Other 15.5%

645 Cassadaga Rd Comps

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645 Cassadaga Rd, Lake Helen, FL 32744 is a single family home of 784 sqft. HomeUnion INVESTimateĀ® for 645 Cassadaga Rd includes a Price Estimate of $189,023 and a Rent Estimate of $1,072. This single family home has 2 bedrooms,1 bathrooms, and was built in 1959. This property has an estimated 15 year annualized Yield of 6.81% and Total Return of 24.79%. The estimated 1 year forecast in home value for 645 Cassadaga Rd 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

Nearest zipcodes within 2 miles

  1. 32725
  2. 32724
  3. 32738