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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

8868 Thomas Ranch Ln Tampa, FL 33626

3 Beds 3 Baths 3,044 sqft Built 1993
Last updated:  Apr 30, 2018

INVESTimate

$495,920

$422K - $570K

Price Est.

$2,683

$2.5K - $2.9K

Rent Est.

$542,586  ( +9.41%)   1 YR EST. FORECAST

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8868 Thomas Ranch Ln PROPERTY INFO

FACTS
  • Built In 1993
  • Price/Sqft : $162.92
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,044 sqft
  • Baths : 2 Full 1 Half

8868 Thomas Ranch Ln SCHOOLS

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Financial Details

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Neighborhood

Westchase

  • 19,997

    POPULATION
  • 7,628

    HOUSEHOLDS
  • 87.7%

    WHITE COLLAR

Neighborhood : Westchase

HOUSEHOLDS
7,628
POPULATION

19,997

42.4%Renters
57.6%Home Owners
LABOR FORCE

 

87.7%White Collar
12.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 65% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,683 per month.

MY RENT : $2,683 MEDIAN RENT : $1,761

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 35.4%
>=$1,500 64.6%
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 $2,683 would therefore be considered affordable for annual household incomes greater than $107,320 (12 months x 3.333 x $2,683).

Rent % Affordability
Above $500 94.4%
Above $700 88.5%
Above $1,100 79.0%
Above $1,500 69.9%
Above $1,900 59.1%
HOUSEHOLD INCOME RANGE

Approximately 1,924 of households in this neighborhood have a total annual income of $107,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,683 per month.

MINIMUM INCOME RANGE : $107,320

Income % Distribution
<$20K 5.6%
$20K-$35K 10.5%
$35K-$60K 14.0%
$60K-$100K 25.7%
>=$100K 44.2%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 11% 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 1.6%
5-9 mins 4.2%
10-14 mins 4.9%
15-19 mins 10.0%
20-29 mins 21.7%
30-44 mins 36.0%
45-59 mins 13.5%
>60 mins 8.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 65% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,683 per month.

MY RENT : $2,683 MEDIAN RENT : $1,761

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 35.4%
>=$1,500 64.6%
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 $2,683 would therefore be considered affordable for annual household incomes greater than $107,320 (12 months x 3.333 x $2,683).

Rent % Affordability
Above $500 94.4%
Above $700 88.5%
Above $1,100 79.0%
Above $1,500 69.9%
Above $1,900 59.1%
HOUSEHOLD INCOME RANGE

Approximately 1,924 of households in this neighborhood have a total annual income of $107,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,683 per month.

MINIMUM INCOME RANGE : $107,320

Income % Distribution
<$20K 5.6%
$20K-$35K 10.5%
$35K-$60K 14.0%
$60K-$100K 25.7%
>=$100K 44.2%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 11% 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 1.6%
5-9 mins 4.2%
10-14 mins 4.9%
15-19 mins 10.0%
20-29 mins 21.7%
30-44 mins 36.0%
45-59 mins 13.5%
>60 mins 8.2%

Westchase Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.3%
Financial Industries 11.2%
Health Care & Social Assistance 17.3%
Manufacturing 6.0%
Professional & Scientific Tech Services 16.0%
Retail & Wholesale Trader 14.4%
Other 28.8%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 32% is 24 or younger and 9% is 65 or older.

Age % Distribution
<15 23.8%
15-19 4.1%
20-24 4.0%
25-44 34.0%
45-65 24.7%
66+ 9.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 13.0%
Construction 3.3%
Healthcare 11.4%
Management, Business, & Financial 33.3%
PCare 2.5%
Sales & Office 24.6%
Other 11.8%
HIGHEST EDUCATION LEVEL

30% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.0%
High School 13.9%
Masters Degree 16.5%
Professional 4.2%
Some College 18.9%
Other 39.4%

8868 Thomas Ranch Ln Comps

Sorry, we do not have sufficient data available.

8868 Thomas Ranch Ln, Tampa, FL 33626 is a single family home of 3,044 sqft. HomeUnion INVESTimate® for 8868 Thomas Ranch Ln includes a Price Estimate of $495,920 and a Rent Estimate of $2,683. This single family home has 3 bedrooms,3 bathrooms, and was built in 1993. This property has an estimated 15 year annualized Yield of 6.49% and Total Return of 22.55%. The estimated 1 year forecast in home value for 8868 Thomas Ranch Ln is 9.41%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL, HILLSBOROUGH County, or the 33626 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2