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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

6716 John Pitts Rd Callaway, FL 32404

3 Beds 2 Baths 1,152 sqft Built 1996
Last updated:  Nov 28, 2019

INVESTimate

$103,526

$97.8K - $109K

Price Est.

$1,002

947 - $1.1K

Rent Est.

$109,344  ( +5.62%)   1 YR EST. FORECAST
  
  
  

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6716 John Pitts Rd PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $89.87
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,152 sqft
  • Baths : 2 Full

6716 John Pitts Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
TOMMY SMITH ELEMENTARY SCHOOL Primary Regular 752 49 5
MERRITT BROWN MIDDLE SCHOOL Middle Regular 763 46 5
RUTHERFORD HIGH SCHOOL High Regular 1,301 69 5

TOMMY SMITH ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 752
  • # of teachers: 49
5
GreatSchools Rating

MERRITT BROWN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 763
  • # of teachers: 46
5
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

PANAMA CITY

  • 39,453

    POPULATION
  • 13,928

    HOUSEHOLDS
  • 51.5%

    WHITE COLLAR

Neighborhood : PANAMA CITY

HOUSEHOLDS
13,928
POPULATION

39,453

33.5%Renters
66.5%Home Owners
LABOR FORCE

 

51.5%White Collar
48.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,002 per month.

MY RENT : $1,002 MEDIAN RENT : $1,245

Rent % Distribution LEVEL
$500-699 0.6%
$700-899 11.5%
$900-999 9.6%
$1,000-1,499 57.7%
>=$1,500 20.6%
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 $1,002 would therefore be considered affordable for annual household incomes greater than $40,080 (12 months x 3.333 x $1,002).

Rent % Affordability
Above $500 84.9%
Above $700 75.7%
Above $1,100 55.8%
Above $1,500 41.0%
Above $1,900 27.3%
HOUSEHOLD INCOME RANGE

Approximately 6,949 of households in this neighborhood have a total annual income of $40,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,002 per month.

MINIMUM INCOME RANGE : $40,080

Income % Distribution
<$20K 15.1%
$20K-$35K 17.2%
$35K-$60K 26.7%
$60K-$100K 25.3%
>=$100K 15.7%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 6.9%
10-14 mins 8.7%
15-19 mins 19.1%
20-29 mins 27.3%
30-44 mins 25.9%
45-59 mins 5.1%
>60 mins 5.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,002 per month.

MY RENT : $1,002 MEDIAN RENT : $1,245

Rent % Distribution
$500-699 0.6%
$700-899 11.5%
$900-999 9.6%
$1,000-1,499 57.7%
>=$1,500 20.6%
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 $1,002 would therefore be considered affordable for annual household incomes greater than $40,080 (12 months x 3.333 x $1,002).

Rent % Affordability
Above $500 84.9%
Above $700 75.7%
Above $1,100 55.8%
Above $1,500 41.0%
Above $1,900 27.3%
HOUSEHOLD INCOME RANGE

Approximately 6,949 of households in this neighborhood have a total annual income of $40,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,002 per month.

MINIMUM INCOME RANGE : $40,080

Income % Distribution
<$20K 15.1%
$20K-$35K 17.2%
$35K-$60K 26.7%
$60K-$100K 25.3%
>=$100K 15.7%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 6.9%
10-14 mins 8.7%
15-19 mins 19.1%
20-29 mins 27.3%
30-44 mins 25.9%
45-59 mins 5.1%
>60 mins 5.5%

PANAMA CITY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 15.3%
Educational Services 7.9%
Health Care & Social Assistance 11.5%
Manufacturing 8.9%
Public Administration 7.7%
Retail & Wholesale Trader 15.9%
Other 32.8%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 31% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 17.8%
15-19 6.4%
20-24 7.0%
25-44 26.3%
45-65 28.0%
66+ 14.5%
OCCUPATION

Occupation % Distribution
Clean 5.2%
Healthcare 9.4%
Management, Business, & Financial 12.0%
Natural Resources Maintenance 14.5%
Production & Transportation 14.7%
Sales & Office 21.1%
Other 23.1%
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 10.8%
High School 34.7%
Masters Degree 4.3%
Some College 29.0%
Some High School 12.2%
Other 9.1%

6716 John Pitts Rd Comps

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6716 John Pitts Rd, Callaway, FL 32404 is a single family home of 1,152 sqft. HomeUnion INVESTimateĀ® for 6716 John Pitts Rd includes a Price Estimate of $103,526 and a Rent Estimate of $1,002. This single family home has 3 bedrooms,2 bathrooms, and was built in 1996. This property has an estimated 15 year annualized Yield of 11.61% and Total Return of 25.03%. The estimated 1 year forecast in home value for 6716 John Pitts Rd is 5.62%.

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