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This page contains information about each property aggregated from public data sources, 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.

7209 Simran Ln Duck Key, FL 33050

2 Beds 3 Baths 1,760 sqft Built 2003
Last updated:  Dec 26, 2019

INVESTimate

$1,017,774

$957K - $1.08M

Price Est.

$5,006

$4.2K - $5.8K

Rent Est.

$1,093,293  ( +7.42%)   1 YR EST. FORECAST

7209 Simran Ln PROPERTY INFO

FACTS
  • Built In 2003
  • Price/Sqft : $578.28
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,760 sqft
  • Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
7209 Simran Ln, Duck Key, FL 33050 is a single family home of 1,760 sqft. HomeUnion estimate for 7209 Simran Ln includes a Price Estimate of $1,017,774 and a Rent Estimate of $5,006. This single family home has 2 bedrooms, 3 bathrooms, and was built in 2003. This property has an estimated 15 year annualized Yield of 5.90% and Total Return of 24.30%. The estimated 1 year forecast in home value for 7209 Simran Ln is 7.42%.
  
  
  

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7209 Simran Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
STANLEY SWITLIK ELEMENTARY SCHOOL Primary Regular 517 37 7

STANLEY SWITLIK ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 517
  • # of teachers: 37
7
GreatSchools Rating
 

Financial Details

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Neighborhood

MARATHON

  • 9,748

    POPULATION
  • 3,689

    HOUSEHOLDS
  • 53.8%

    WHITE COLLAR

Neighborhood : MARATHON

HOUSEHOLDS
3,689
POPULATION

9,748

40.4%Renters
59.6%Home Owners
LABOR FORCE

 

53.8%White Collar
46.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $5,006 per month.

MY RENT : $5,006 MEDIAN RENT : $3,481

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $5,006 would therefore be considered affordable for annual household incomes greater than $200,240 (12 months x 3.333 x $5,006).

Rent % Affordability
Above $500 80.0%
Above $700 71.0%
Above $1,100 57.6%
Above $1,500 46.7%
Above $1,900 33.9%
HOUSEHOLD INCOME RANGE

Approximately 182 of households in this neighborhood have a total annual income of $200,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $5,006 per month.

MINIMUM INCOME RANGE : $200,240

Income % Distribution
<$20K 20.0%
$20K-$35K 16.0%
$35K-$60K 17.4%
$60K-$100K 21.9%
>=$100K 24.7%
COMMUTE TIME DISTRIBUTION

24% of the working population has a commute time of 15 to 44 minutes, 73% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.8%
5-9 mins 33.0%
10-14 mins 30.6%
15-19 mins 15.4%
20-29 mins 5.0%
30-44 mins 3.7%
45-59 mins 0.3%
>60 mins 2.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $5,006 per month.

MY RENT : $5,006 MEDIAN RENT : $3,481

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $5,006 would therefore be considered affordable for annual household incomes greater than $200,240 (12 months x 3.333 x $5,006).

Rent % Affordability
Above $500 80.0%
Above $700 71.0%
Above $1,100 57.6%
Above $1,500 46.7%
Above $1,900 33.9%
HOUSEHOLD INCOME RANGE

Approximately 182 of households in this neighborhood have a total annual income of $200,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $5,006 per month.

MINIMUM INCOME RANGE : $200,240

Income % Distribution
<$20K 20.0%
$20K-$35K 16.0%
$35K-$60K 17.4%
$60K-$100K 21.9%
>=$100K 24.7%
COMMUTE TIME DISTRIBUTION

24% of the working population has a commute time of 15 to 44 minutes, 73% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.8%
5-9 mins 33.0%
10-14 mins 30.6%
15-19 mins 15.4%
20-29 mins 5.0%
30-44 mins 3.7%
45-59 mins 0.3%
>60 mins 2.2%

MARATHON Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 5.2%
Arts & Entertainment 24.3%
Construction 8.6%
Health Care & Social Assistance 8.7%
Real Estate 6.0%
Retail & Wholesale Trader 16.1%
Other 31.2%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 26% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 12.3%
15-19 5.8%
20-24 7.6%
25-44 25.3%
45-65 28.1%
66+ 20.8%
OCCUPATION

Occupation % Distribution
Clean 7.2%
Healthcare 6.9%
Management, Business, & Financial 18.2%
Natural Resources Maintenance 16.0%
Production & Transportation 10.7%
Sales & Office 25.4%
Other 15.5%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.2%
High School 31.5%
Masters Degree 5.6%
Some College 23.8%
Some High School 8.4%
Other 21.5%

7209 Simran Ln Comps

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