1. < Casting Lake Rd

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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.

78 Casting Lake Rd Miramar Beach, FL 32550

5 Beds 2 Baths 3,399 sqft Built 1972
Last updated:  Dec 26, 2019

INVESTimate

$821,655

$756K - $887K

Price Est.

$3,331

$3.1K - $3.6K

Rent Est.

$229,239

Investment Est.

$862,327  ( +4.95%)   1 YR EST. FORECAST

78 Casting Lake Rd PROPERTY INFO

FACTS
  • Built In 1972
  • Price/Sqft : $241.73
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,399 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
78 Casting Lake Rd, Miramar Beach, FL 32550 is a single family home of 3,399 sqft. HomeUnion estimate for 78 Casting Lake Rd includes a Price Estimate of $821,655 and a Rent Estimate of $3,331. This single family home has 5 bedrooms, 2 bathrooms, and was built in 1972. This property has an estimated 15 year annualized Yield of 4.86% and Total Return of 16.30%. The estimated 1 year forecast in home value for 78 Casting Lake Rd is 4.95%.

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78 Casting Lake Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BAY SCHOOL Primary Unknown NA
SOUTH WALTON HIGH SCHOOL High Regular 628 34 NA

BAY SCHOOL

  • Education Level: Primary
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

SOUTH WALTON HIGH SCHOOL

  • Education Level: High
  • # of students: 628
  • # of teachers: 34
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

MIRAMAR BEACH

  • 7,435

    POPULATION

  • 3,471

    HOUSEHOLDS

  • 76.1%

    WHITE COLLAR

Neighborhood : MIRAMAR BEACH

HOUSEHOLDS
3,471
POPULATION

7,435

25.5%Renters
74.5%Home Owners
LABOR FORCE

 

76.1%White Collar
23.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,331 per month.

MY RENT : $3,331 MEDIAN RENT : $1,925

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.3%
>=$1,500 98.6%
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 $3,331 would therefore be considered affordable for annual household incomes greater than $133,240 (12 months x 3.333 x $3,331).

Rent % Affordability
Above $500 89.3%
Above $700 82.1%
Above $1,100 64.9%
Above $1,500 50.4%
Above $1,900 40.7%
HOUSEHOLD INCOME RANGE

Approximately 541 of households in this neighborhood have a total annual income of $133,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,331 per month.

MINIMUM INCOME RANGE : $133,240

Income % Distribution
<$20K 10.7%
$20K-$35K 14.1%
$35K-$60K 24.8%
$60K-$100K 17.0%
>=$100K 33.4%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 37% 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 2.9%
5-9 mins 13.7%
10-14 mins 20.2%
15-19 mins 20.2%
20-29 mins 20.1%
30-44 mins 14.8%
45-59 mins 2.9%
>60 mins 5.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,331 per month.

MY RENT : $3,331 MEDIAN RENT : $1,925

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.3%
>=$1,500 98.6%
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 $3,331 would therefore be considered affordable for annual household incomes greater than $133,240 (12 months x 3.333 x $3,331).

Rent % Affordability
Above $500 89.3%
Above $700 82.1%
Above $1,100 64.9%
Above $1,500 50.4%
Above $1,900 40.7%
HOUSEHOLD INCOME RANGE

Approximately 541 of households in this neighborhood have a total annual income of $133,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,331 per month.

MINIMUM INCOME RANGE : $133,240

Income % Distribution
<$20K 10.7%
$20K-$35K 14.1%
$35K-$60K 24.8%
$60K-$100K 17.0%
>=$100K 33.4%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 37% 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 2.9%
5-9 mins 13.7%
10-14 mins 20.2%
15-19 mins 20.2%
20-29 mins 20.1%
30-44 mins 14.8%
45-59 mins 2.9%
>60 mins 5.3%
MIRAMAR BEACH Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 17.9%
Educational Services 5.8%
Health Care & Social Assistance 6.4%
Professional & Scientific Tech Services 10.5%
Real Estate 12.0%
Retail & Wholesale Trader 14.6%
Other 32.7%
OCCUPATION

           

Occupation % Distribution
Construction 5.6%
Education 5.2%
Management, Business, & Financial 32.6%
Natural Resources Maintenance 5.0%
Production & Transportation 5.6%
Sales & Office 25.2%
Other 20.8%
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 11.7%
15-19 1.9%
20-24 4.5%
25-44 22.1%
45-65 29.0%
66+ 30.8%
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 10.8%
High School 13.3%
Masters Degree 8.9%
Some College 24.9%
Some High School 4.9%
Other 37.2%

MIRAMAR BEACH Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 17.9%
Educational Services 5.8%
Health Care & Social Assistance 6.4%
Professional & Scientific Tech Services 10.5%
Real Estate 12.0%
Retail & Wholesale Trader 14.6%
Other 32.7%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 18% is 24 or younger and 31% is 65 or older.

Age % Distribution
<15 11.7%
15-19 1.9%
20-24 4.5%
25-44 22.1%
45-65 29.0%
66+ 30.8%
OCCUPATION

Occupation % Distribution
Construction 5.6%
Education 5.2%
Management, Business, & Financial 32.6%
Natural Resources Maintenance 5.0%
Production & Transportation 5.6%
Sales & Office 25.2%
Other 20.8%
HIGHEST EDUCATION LEVEL

25% 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 13.3%
Masters Degree 8.9%
Some College 24.9%
Some High School 4.9%
Other 37.2%

78 Casting Lake Rd 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 , WALTON County , or the 32550 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

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