Financial Details9836 Sw Lettuce Lake Ave PROPERTY INFO
FACTS
- Built In 1979
- Price/Sqft : $204.75
CONSTRUCTION
- Beds : 2
- Floor Size : 1,464 sqft
- Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
9836 Sw Lettuce Lake Ave, Arcadia, FL 34269 is a single family home of 1,464 sqft. HomeUnion estimate for 9836 Sw Lettuce Lake Ave includes a Price Estimate of $299,754 and a Rent Estimate of $1,420. This single family home has 2 bedrooms, 2 bathrooms, and was built in 1979. This property has an estimated 15 year annualized Yield of 5.68% and Total Return of 21.51%. The estimated 1 year forecast in home value for 9836 Sw Lettuce Lake Ave is 8.39%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
9836 Sw Lettuce Lake Ave SCHOOLS
Financial Details
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ARCADIA
Neighborhood : ARCADIA
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 61% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,420 per month.
MY RENT : $1,420 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 $1,420 would therefore be considered affordable for annual household incomes greater than $56,800 (12 months x 3.333 x $1,420).
HOUSEHOLD INCOME RANGE
Approximately 602 of households in this neighborhood have a total annual income of $56,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,420 per month.
MINIMUM INCOME RANGE : $56,800
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% |
9836 Sw Lettuce Lake Ave Comps
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