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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

670 Island Way 503 Clearwater Beach, FL 33767

0 Beds 0 Baths 2,106 sqft Built 1997
Last updated:  Jan 23, 2020

INVESTimate

$813,226

$761K - $866K

Price Est.

$2,271

$2.0K - $2.6K

Rent Est.

$839,900  ( +3.28%)   1 YR EST. FORECAST
  
  
  

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670 Island Way 503 PROPERTY INFO

FACTS
  • Built In 1997
  • Price/Sqft : $386.15
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,106 sqft
  • Baths : 0 Full

670 Island Way 503 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SANDY LANE ELEMENTARY SCHOOL Primary Regular 413 35 2
DUNEDIN HIGHLAND MIDDLE SCHOOL Middle Magnet 1,220 76 6
CLEARWATER HIGH SCHOOL High Regular 1,984 119 3

SANDY LANE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 413
  • # of teachers: 35
2
GreatSchools Rating

DUNEDIN HIGHLAND MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,220
  • # of teachers: 76
6
GreatSchools Rating

CLEARWATER HIGH SCHOOL

  • Education Level: High
  • # of students: 1,984
  • # of teachers: 119
3
GreatSchools Rating
 

Financial Details

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Neighborhood

Island Estate

  • 2,706

    POPULATION
  • 1,373

    HOUSEHOLDS
  • 90.4%

    WHITE COLLAR

Neighborhood : Island Estate

HOUSEHOLDS
1,373
POPULATION

2,706

20.4%Renters
79.6%Home Owners
LABOR FORCE

 

90.4%White Collar
9.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 96% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,271 per month.

MY RENT : $2,271 MEDIAN RENT : $2,077

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 3.7%
>=$1,500 96.3%
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 $2,271 would therefore be considered affordable for annual household incomes greater than $90,840 (12 months x 3.333 x $2,271).

Rent % Affordability
Above $500 88.5%
Above $700 82.4%
Above $1,100 67.1%
Above $1,500 55.7%
Above $1,900 46.1%
HOUSEHOLD INCOME RANGE

Approximately 478 of households in this neighborhood have a total annual income of $90,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,271 per month.

MINIMUM INCOME RANGE : $90,840

Income % Distribution
<$20K 11.5%
$20K-$35K 12.3%
$35K-$60K 20.5%
$60K-$100K 23.1%
>=$100K 32.6%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.4%
5-9 mins 14.7%
10-14 mins 16.3%
15-19 mins 10.3%
20-29 mins 20.3%
30-44 mins 26.9%
45-59 mins 5.5%
>60 mins 2.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 96% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,271 per month.

MY RENT : $2,271 MEDIAN RENT : $2,077

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 3.7%
>=$1,500 96.3%
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 $2,271 would therefore be considered affordable for annual household incomes greater than $90,840 (12 months x 3.333 x $2,271).

Rent % Affordability
Above $500 88.5%
Above $700 82.4%
Above $1,100 67.1%
Above $1,500 55.7%
Above $1,900 46.1%
HOUSEHOLD INCOME RANGE

Approximately 478 of households in this neighborhood have a total annual income of $90,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,271 per month.

MINIMUM INCOME RANGE : $90,840

Income % Distribution
<$20K 11.5%
$20K-$35K 12.3%
$35K-$60K 20.5%
$60K-$100K 23.1%
>=$100K 32.6%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.4%
5-9 mins 14.7%
10-14 mins 16.3%
15-19 mins 10.3%
20-29 mins 20.3%
30-44 mins 26.9%
45-59 mins 5.5%
>60 mins 2.6%

Island Estate Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.1%
Health Care & Social Assistance 11.2%
Information 7.0%
Manufacturing 9.2%
Professional & Scientific Tech Services 13.3%
Retail & Wholesale Trader 22.6%
Other 29.6%
AGE DISTRIBUTION

40% of the population is between the ages of 25 and 64, 14% is 24 or younger and 46% is 65 or older.

Age % Distribution
<15 6.7%
15-19 4.0%
20-24 3.4%
25-44 8.8%
45-65 31.1%
66+ 46.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.7%
Healthcare 5.7%
Legal 4.3%
Management, Business, & Financial 41.9%
Production & Transportation 4.0%
Sales & Office 33.7%
Other 2.8%
HIGHEST EDUCATION LEVEL

24% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.9%
High School 30.8%
Masters Degree 10.7%
Professional 4.9%
Some College 16.5%
Other 30.3%

670 Island Way 503 Comps

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670 Island Way 503, Clearwater Beach, FL 33767 is a single family home of 2,106 sqft. HomeUnion INVESTimateĀ® for 670 Island Way 503 includes a Price Estimate of $813,226 and a Rent Estimate of $2,271. This single family home has 0 bedrooms,0 bathrooms, and was built in 1997. This property has an estimated 15 year annualized Yield of 3.35% and Total Return of 7.39%. The estimated 1 year forecast in home value for 670 Island Way 503 is 3.28%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , PINELLAS County , or the 33767 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 33756
  2. 33755
  3. 34698