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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.

7217 Simran Ln Duck Key, FL 33050

2 Beds 3 Baths 1,960 sqft Built 2003
Last updated:  Dec 26, 2019

INVESTimate

$735,996

$692K - $780K

Price Est.

$5,329

$4.4K - $6.3K

Rent Est.

$206,539

Investment Est.

$790,607  ( +7.42%)   1 YR EST. FORECAST

7217 Simran Ln PROPERTY INFO

FACTS
  • Built In 2003
  • Price/Sqft : $375.51
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,960 sqft
  • Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
7217 Simran Ln, Duck Key, FL 33050 is a single family home of 1,960 sqft. HomeUnion estimate for 7217 Simran Ln includes a Price Estimate of $735,996 and a Rent Estimate of $5,329. This single family home has 2 bedrooms, 3 bathrooms, and was built in 2003. This property has an estimated 15 year annualized Yield of 8.69% and Total Return of 31.96%. The estimated 1 year forecast in home value for 7217 Simran Ln is 7.42%.

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7217 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

  • 10,140

    POPULATION

  • 4,135

    HOUSEHOLDS

  • 53.9%

    WHITE COLLAR

Neighborhood : MARATHON

HOUSEHOLDS
4,135
POPULATION

10,140

40.8%Renters
59.2%Home Owners
LABOR FORCE

 

53.9%White Collar
46.1%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 $5,329 per month.

MY RENT : $5,329 MEDIAN RENT : $3,476

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 $5,329 would therefore be considered affordable for annual household incomes greater than $213,160 (12 months x 3.333 x $5,329).

Rent % Affordability
Above $500 81.9%
Above $700 73.9%
Above $1,100 59.5%
Above $1,500 48.5%
Above $1,900 37.2%
HOUSEHOLD INCOME RANGE

Approximately 157 of households in this neighborhood have a total annual income of $213,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $5,329 per month.

MINIMUM INCOME RANGE : $213,160

Income % Distribution
<$20K 18.1%
$20K-$35K 13.8%
$35K-$60K 19.7%
$60K-$100K 22.7%
>=$100K 25.8%
COMMUTE TIME DISTRIBUTION

23% of the working population has a commute time of 15 to 44 minutes, 73% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.3%
5-9 mins 32.6%
10-14 mins 31.2%
15-19 mins 13.7%
20-29 mins 6.1%
30-44 mins 3.2%
45-59 mins 0.3%
>60 mins 3.6%
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 $5,329 per month.

MY RENT : $5,329 MEDIAN RENT : $3,476

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 $5,329 would therefore be considered affordable for annual household incomes greater than $213,160 (12 months x 3.333 x $5,329).

Rent % Affordability
Above $500 81.9%
Above $700 73.9%
Above $1,100 59.5%
Above $1,500 48.5%
Above $1,900 37.2%
HOUSEHOLD INCOME RANGE

Approximately 157 of households in this neighborhood have a total annual income of $213,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $5,329 per month.

MINIMUM INCOME RANGE : $213,160

Income % Distribution
<$20K 18.1%
$20K-$35K 13.8%
$35K-$60K 19.7%
$60K-$100K 22.7%
>=$100K 25.8%
COMMUTE TIME DISTRIBUTION

23% of the working population has a commute time of 15 to 44 minutes, 73% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 9.3%
5-9 mins 32.6%
10-14 mins 31.2%
15-19 mins 13.7%
20-29 mins 6.1%
30-44 mins 3.2%
45-59 mins 0.3%
>60 mins 3.6%
MARATHON Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 20.6%
Construction 7.4%
Health Care & Social Assistance 9.9%
Professional & Scientific Tech Services 5.5%
Real Estate 6.5%
Retail & Wholesale Trader 16.5%
Other 33.7%
OCCUPATION

           

Occupation % Distribution
Clean 8.4%
Healthcare 7.5%
Management, Business, & Financial 16.3%
Natural Resources Maintenance 14.9%
Production & Transportation 9.4%
Sales & Office 26.7%
Other 16.8%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 12.8%
15-19 6.0%
20-24 6.5%
25-44 23.3%
45-65 29.2%
66+ 22.2%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level % Distribution
Associates Degree 8.3%
High School 30.7%
Masters Degree 6.6%
Some College 22.4%
Some High School 8.8%
Other 23.3%

MARATHON Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 20.6%
Construction 7.4%
Health Care & Social Assistance 9.9%
Professional & Scientific Tech Services 5.5%
Real Estate 6.5%
Retail & Wholesale Trader 16.5%
Other 33.7%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 25% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 12.8%
15-19 6.0%
20-24 6.5%
25-44 23.3%
45-65 29.2%
66+ 22.2%
OCCUPATION

Occupation % Distribution
Clean 8.4%
Healthcare 7.5%
Management, Business, & Financial 16.3%
Natural Resources Maintenance 14.9%
Production & Transportation 9.4%
Sales & Office 26.7%
Other 16.8%
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 8.3%
High School 30.7%
Masters Degree 6.6%
Some College 22.4%
Some High School 8.8%
Other 23.3%

7217 Simran Ln Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , MONROE County , or the 33050 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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