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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

795 E Midway Ave Lake Alfred, FL 33850

2 Beds 1 Baths 864 sqft Built 1961
Last updated:  Jan 23, 2020

INVESTimate

$81,994

$74.5K - $89.5K

Price Est.

$872

795 - 949

Rent Est.

$88,791  ( +8.29%)   1 YR EST. FORECAST
  
  
  

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795 E Midway Ave PROPERTY INFO

FACTS
  • Built In 1961
  • Price/Sqft : $94.90
CONSTRUCTION
  • Beds : 2
  • Floor Size : 864 sqft
  • Baths : 1 Full

795 E Midway Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LAKE ALFRED ELEMENTARY SCHOOL Primary Regular 527 36 5
JERE L. STAMBAUGH MIDDLE SCHOOL Middle Regular 879 54 3
AUBURNDALE SENIOR HIGH SCHOOL High Regular 1,475 91 4

LAKE ALFRED ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 527
  • # of teachers: 36
5
GreatSchools Rating

JERE L. STAMBAUGH MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 879
  • # of teachers: 54
3
GreatSchools Rating

AUBURNDALE SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 1,475
  • # of teachers: 91
4
GreatSchools Rating
 

Financial Details

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Neighborhood

Highland

  • 326

    POPULATION
  • 96

    HOUSEHOLDS
  • 61.5%

    WHITE COLLAR

Neighborhood : Highland

HOUSEHOLDS
96
POPULATION

326

21.4%Renters
78.6%Home Owners
LABOR FORCE

 

61.5%White Collar
38.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 71% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $872 per month.

MY RENT : $872 MEDIAN RENT : $929

Rent % Distribution LEVEL
$500-699 3.0%
$700-899 29.7%
$900-999 29.7%
$1,000-1,499 37.6%
>=$1,500 0.0%
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 $872 would therefore be considered affordable for annual household incomes greater than $34,880 (12 months x 3.333 x $872).

Rent % Affordability
Above $500 87.6%
Above $700 75.7%
Above $1,100 46.0%
Above $1,500 25.8%
Above $1,900 16.1%
HOUSEHOLD INCOME RANGE

Approximately 341 of households in this neighborhood have a total annual income of $34,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $872 per month.

MINIMUM INCOME RANGE : $34,880

Income % Distribution
<$20K 12.4%
$20K-$35K 33.0%
$35K-$60K 28.9%
$60K-$100K 18.6%
>=$100K 7.2%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.0%
5-9 mins 4.3%
10-14 mins 2.6%
15-19 mins 18.3%
20-29 mins 8.7%
30-44 mins 37.4%
45-59 mins 11.3%
>60 mins 10.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 71% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $872 per month.

MY RENT : $872 MEDIAN RENT : $929

Rent % Distribution
$500-699 3.0%
$700-899 29.7%
$900-999 29.7%
$1,000-1,499 37.6%
>=$1,500 0.0%
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 $872 would therefore be considered affordable for annual household incomes greater than $34,880 (12 months x 3.333 x $872).

Rent % Affordability
Above $500 87.6%
Above $700 75.7%
Above $1,100 46.0%
Above $1,500 25.8%
Above $1,900 16.1%
HOUSEHOLD INCOME RANGE

Approximately 341 of households in this neighborhood have a total annual income of $34,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $872 per month.

MINIMUM INCOME RANGE : $34,880

Income % Distribution
<$20K 12.4%
$20K-$35K 33.0%
$35K-$60K 28.9%
$60K-$100K 18.6%
>=$100K 7.2%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.0%
5-9 mins 4.3%
10-14 mins 2.6%
15-19 mins 18.3%
20-29 mins 8.7%
30-44 mins 37.4%
45-59 mins 11.3%
>60 mins 10.4%

Highland Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 19.3%
Educational Services 6.7%
Health Care & Social Assistance 20.0%
Manufacturing 8.1%
Retail & Wholesale Trader 26.7%
Transportation 6.7%
Other 12.6%
AGE DISTRIBUTION

32% of the population is between the ages of 25 and 64, 32% is 24 or younger and 36% is 65 or older.

Age % Distribution
<15 23.6%
15-19 1.2%
20-24 7.1%
25-44 15.6%
45-65 16.6%
66+ 35.9%
OCCUPATION

Occupation % Distribution
Healthcare 10.1%
Management, Business, & Financial 8.9%
Natural Resources Maintenance 13.9%
Production & Transportation 17.7%
Sales & Office 21.5%
Social 8.9%
Other 19.0%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.7%
Doctorate 4.2%
High School 30.7%
Masters Degree 5.4%
Some College 34.9%
Other 12.0%

795 E Midway Ave Comps

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795 E Midway Ave, Lake Alfred, FL 33850 is a single family home of 864 sqft. HomeUnion INVESTimateĀ® for 795 E Midway Ave includes a Price Estimate of $81,994 and a Rent Estimate of $872. This single family home has 2 bedrooms,1 bathrooms, and was built in 1961. This property has an estimated 15 year annualized Yield of 12.76% and Total Return of 30.84%. The estimated 1 year forecast in home value for 795 E Midway Ave is 8.29%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , POLK County , or the 33850 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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