INVESTimate
$281,210
Financial Details7209 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%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
7209 Simran Ln SCHOOLS
Financial Details
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MARATHON
Neighborhood : MARATHON
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
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).
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
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.
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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