Financial Details8538 Sw Riviera Dr PROPERTY INFO
FACTS
- Built In 1990
- Price/Sqft : $227.38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,931 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
8538 Sw Riviera Dr, Arcadia, FL 34269 is a single family home of 1,931 sqft. HomeUnion estimate for 8538 Sw Riviera Dr includes a Price Estimate of $439,075 and a Rent Estimate of $2,114. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1990. This property has an estimated 15 year annualized Yield of 5.78% and Total Return of 21.77%. The estimated 1 year forecast in home value for 8538 Sw Riviera Dr is 8.39%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
8538 Sw Riviera Dr SCHOOLS
Financial Details
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ARCADIA
Neighborhood : ARCADIA
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 $2,114 per month.
MY RENT : $2,114 MEDIAN RENT : $1,533
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 $2,114 would therefore be considered affordable for annual household incomes greater than $84,560 (12 months x 3.333 x $2,114).
HOUSEHOLD INCOME RANGE
Approximately 290 of households in this neighborhood have a total annual income of $84,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,114 per month.
MINIMUM INCOME RANGE : $84,560
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.
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% |
8538 Sw Riviera Dr Comps
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