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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

800 James Way Lake Alfred, FL 33850

5 Beds 3 Baths 3,482 sqft Built 2006
Last updated:  Jan 23, 2020

INVESTimate

$264,055

$230K - $298K

Price Est.

$1,749

$1.6K - $1.9K

Rent Est.

$285,945  ( +8.29%)   1 YR EST. FORECAST
  
  
  

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800 James Way PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $75.83
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,482 sqft
  • Baths : 3 Full

800 James Way 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

The Lakes

  • 207

    POPULATION
  • 71

    HOUSEHOLDS
  • 57.4%

    WHITE COLLAR

Neighborhood : The Lakes

HOUSEHOLDS
71
POPULATION

207

55.4%Renters
44.6%Home Owners
LABOR FORCE

 

57.4%White Collar
42.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,749 per month.

MY RENT : $1,749 MEDIAN RENT : $1,418

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 12.8%
$900-999 0.0%
$1,000-1,499 57.8%
>=$1,500 29.4%
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 $1,749 would therefore be considered affordable for annual household incomes greater than $69,960 (12 months x 3.333 x $1,749).

Rent % Affordability
Above $500 64.8%
Above $700 47.0%
Above $1,100 36.1%
Above $1,500 23.9%
Above $1,900 16.5%
HOUSEHOLD INCOME RANGE

Approximately 8 of households in this neighborhood have a total annual income of $69,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,749 per month.

MINIMUM INCOME RANGE : $69,960

Income % Distribution
<$20K 35.2%
$20K-$35K 22.5%
$35K-$60K 18.3%
$60K-$100K 18.3%
>=$100K 5.6%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.1%
5-9 mins 4.6%
10-14 mins 10.8%
15-19 mins 7.7%
20-29 mins 27.7%
30-44 mins 23.1%
45-59 mins 12.3%
>60 mins 10.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,749 per month.

MY RENT : $1,749 MEDIAN RENT : $1,418

Rent % Distribution
$500-699 0.0%
$700-899 12.8%
$900-999 0.0%
$1,000-1,499 57.8%
>=$1,500 29.4%
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 $1,749 would therefore be considered affordable for annual household incomes greater than $69,960 (12 months x 3.333 x $1,749).

Rent % Affordability
Above $500 64.8%
Above $700 47.0%
Above $1,100 36.1%
Above $1,500 23.9%
Above $1,900 16.5%
HOUSEHOLD INCOME RANGE

Approximately 8 of households in this neighborhood have a total annual income of $69,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,749 per month.

MINIMUM INCOME RANGE : $69,960

Income % Distribution
<$20K 35.2%
$20K-$35K 22.5%
$35K-$60K 18.3%
$60K-$100K 18.3%
>=$100K 5.6%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.1%
5-9 mins 4.6%
10-14 mins 10.8%
15-19 mins 7.7%
20-29 mins 27.7%
30-44 mins 23.1%
45-59 mins 12.3%
>60 mins 10.8%

The Lakes Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 13.5%
Construction 13.5%
Financial Industries 9.5%
Health Care & Social Assistance 12.2%
Retail & Wholesale Trader 12.2%
Transportation 13.5%
Other 25.7%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 35% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 24.6%
15-19 1.4%
20-24 9.2%
25-44 29.0%
45-65 17.4%
66+ 18.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.2%
Healthcare 12.2%
Management, Business, & Financial 18.4%
Natural Resources Maintenance 10.2%
Production & Transportation 20.4%
Sales & Office 14.3%
Other 16.3%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.5%
High School 31.0%
Masters Degree 5.4%
Some College 33.3%
Some High School 7.8%
Other 14.0%

800 James Way Comps

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800 James Way, Lake Alfred, FL 33850 is a single family home of 3,482 sqft. HomeUnion INVESTimateĀ® for 800 James Way includes a Price Estimate of $264,055 and a Rent Estimate of $1,749. This single family home has 5 bedrooms,3 bathrooms, and was built in 2006. This property has an estimated 15 year annualized Yield of 7.95% and Total Return of 22.47%. The estimated 1 year forecast in home value for 800 James Way 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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