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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.

8278 Sw Reese St Arcadia, FL 34269

3 Beds 3 Baths 1,773 sqft Built 1973
Last updated:  Dec 26, 2019

INVESTimate

$228,228

$211K - $245K

Price Est.

$1,587

$1.3K - $1.9K

Rent Est.

$247,376  ( +8.39%)   1 YR EST. FORECAST

8278 Sw Reese St PROPERTY INFO

FACTS
  • Built In 1973
  • Price/Sqft : $128.72
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,773 sqft
  • Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
8278 Sw Reese St, Arcadia, FL 34269 is a single family home of 1,773 sqft. HomeUnion estimate for 8278 Sw Reese St includes a Price Estimate of $228,228 and a Rent Estimate of $1,587. This single family home has 3 bedrooms, 3 bathrooms, and was built in 1973. This property has an estimated 15 year annualized Yield of 8.34% and Total Return of 25.46%. The estimated 1 year forecast in home value for 8278 Sw Reese St is 8.39%.
  
  
  

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8278 Sw Reese St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
NOCATEE ELEMENTARY SCHOOL Primary Regular 540 40 NA
DESOTO MIDDLE SCHOOL Middle Regular 997 65 NA
DESOTO COUNTY HIGH SCHOOL High Regular 1,106 67 NA

NOCATEE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 40
-1
GreatSchools Rating

DESOTO MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 997
  • # of teachers: 65
-1
GreatSchools Rating

DESOTO COUNTY HIGH SCHOOL

  • Education Level: High
  • # of students: 1,106
  • # of teachers: 67
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

ARCADIA

  • 4,434

    POPULATION
  • 2,139

    HOUSEHOLDS
  • 37.8%

    WHITE COLLAR

Neighborhood : ARCADIA

HOUSEHOLDS
2,139
POPULATION

4,434

13.8%Renters
86.2%Home Owners
LABOR FORCE

 

37.8%White Collar
62.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 54% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,587 per month.

MY RENT : $1,587 MEDIAN RENT : $1,533

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 46.3%
>=$1,500 53.7%
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 $1,587 would therefore be considered affordable for annual household incomes greater than $63,480 (12 months x 3.333 x $1,587).

Rent % Affordability
Above $500 80.1%
Above $700 67.8%
Above $1,100 41.4%
Above $1,500 26.5%
Above $1,900 16.9%
HOUSEHOLD INCOME RANGE

Approximately 359 of households in this neighborhood have a total annual income of $63,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,587 per month.

MINIMUM INCOME RANGE : $63,480

Income % Distribution
<$20K 19.9%
$20K-$35K 23.0%
$35K-$60K 30.6%
$60K-$100K 15.3%
>=$100K 11.2%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 3.2%
10-14 mins 17.4%
15-19 mins 17.6%
20-29 mins 31.6%
30-44 mins 14.4%
45-59 mins 5.1%
>60 mins 6.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 54% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,587 per month.

MY RENT : $1,587 MEDIAN RENT : $1,533

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 46.3%
>=$1,500 53.7%
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 $1,587 would therefore be considered affordable for annual household incomes greater than $63,480 (12 months x 3.333 x $1,587).

Rent % Affordability
Above $500 80.1%
Above $700 67.8%
Above $1,100 41.4%
Above $1,500 26.5%
Above $1,900 16.9%
HOUSEHOLD INCOME RANGE

Approximately 359 of households in this neighborhood have a total annual income of $63,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,587 per month.

MINIMUM INCOME RANGE : $63,480

Income % Distribution
<$20K 19.9%
$20K-$35K 23.0%
$35K-$60K 30.6%
$60K-$100K 15.3%
>=$100K 11.2%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 3.2%
10-14 mins 17.4%
15-19 mins 17.6%
20-29 mins 31.6%
30-44 mins 14.4%
45-59 mins 5.1%
>60 mins 6.9%

ARCADIA Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.6%
Construction 10.9%
Health Care & Social Assistance 10.4%
Manufacturing 7.1%
Retail & Wholesale Trader 16.0%
Transportation 10.7%
Other 36.2%
AGE DISTRIBUTION

40% of the population is between the ages of 25 and 64, 14% is 24 or younger and 45% is 65 or older.

Age % Distribution
<15 5.8%
15-19 3.9%
20-24 4.6%
25-44 13.4%
45-65 26.8%
66+ 45.4%
OCCUPATION

Occupation % Distribution
Clean 8.8%
Education 4.1%
Management, Business, & Financial 4.3%
Natural Resources Maintenance 28.1%
Production & Transportation 7.8%
Sales & Office 32.2%
Other 14.6%
HIGHEST EDUCATION LEVEL

10% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.0%
High School 41.4%
Masters Degree 3.4%
Some College 20.7%
Some High School 13.9%
Other 14.6%

8278 Sw Reese St Comps

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