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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

8935 Promise Dr Tampa, FL 33626

3 Beds 2 Baths 2,135 sqft Built 2016
Last updated:  Jan 23, 2020

INVESTimate

$565,109

$547K - $583K

Price Est.

$2,242

$2.1K - $2.4K

Rent Est.

$565,957  ( +0.15%)   1 YR EST. FORECAST
  
  
  

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8935 Promise Dr PROPERTY INFO

FACTS
  • Built In 2016
  • Price/Sqft : $264.69
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,135 sqft
  • Baths : 2 Full

8935 Promise Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WESTCHASE ELEMENTARY SCHOOL Primary Regular 1,013 74 10
DAVIDSEN MIDDLE SCHOOL Middle Regular 1,138 62 7
SICKLES HIGH SCHOOL High Regular 1,974 102 7

WESTCHASE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 1,013
  • # of teachers: 74
10
GreatSchools Rating

DAVIDSEN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,138
  • # of teachers: 62
7
GreatSchools Rating

SICKLES HIGH SCHOOL

  • Education Level: High
  • # of students: 1,974
  • # of teachers: 102
7
GreatSchools Rating
 

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 64% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,242 per month.

MY RENT : $2,242 MEDIAN RENT : $1,763

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 35.8%
>=$1,500 64.2%
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 $2,242 would therefore be considered affordable for annual household incomes greater than $89,680 (12 months x 3.333 x $2,242).

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 3,574 of households in this neighborhood have a total annual income of $89,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,242 per month.

MINIMUM INCOME RANGE : $89,680

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 64% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,242 per month.

MY RENT : $2,242 MEDIAN RENT : $1,763

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 35.8%
>=$1,500 64.2%
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 $2,242 would therefore be considered affordable for annual household incomes greater than $89,680 (12 months x 3.333 x $2,242).

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 3,574 of households in this neighborhood have a total annual income of $89,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,242 per month.

MINIMUM INCOME RANGE : $89,680

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%

8935 Promise Dr Comps

Sorry, we do not have sufficient data available.

8935 Promise Dr, Tampa, FL 33626 is a single family home of 2,135 sqft. HomeUnion INVESTimateĀ® for 8935 Promise Dr includes a Price Estimate of $565,109 and a Rent Estimate of $2,242. This single family home has 3 bedrooms,2 bathrooms, and was built in 2016. This property has an estimated 15 year annualized Yield of 4.76% and Total Return of 10.80%. The estimated 1 year forecast in home value for 8935 Promise Dr is 0.15%.

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

Nearest zipcodes within 2 miles

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