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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.

Mill Rd Cottondale, FL 32431

3 Beds 2 Baths 1,216 sqft Built 1998
Last updated:  Jan 23, 2020

INVESTimate

$55,383

$52.6K - $58.2K

Price Est.

$722

633 - 811

Rent Est.

$26,176

Investment Est.

$56,230  ( +1.53%)   1 YR EST. FORECAST

Mill Rd PROPERTY INFO

FACTS
  • Built In 1998
  • Price/Sqft : $45.55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,216 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
Mill Rd, Cottondale, FL 32431 is a single family home of 1,216 sqft. HomeUnion estimate for Mill Rd includes a Price Estimate of $55,383 and a Rent Estimate of $722. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1998. This property has an estimated 15 year annualized Yield of 15.64% and Total Return of 20.51%. The estimated 1 year forecast in home value for Mill Rd is 1.53%.

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Mill Rd SCHOOLS

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Financial Details

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Neighborhood

COTTONDALE

  • 4,265

    POPULATION

  • 1,755

    HOUSEHOLDS

  • 51.3%

    WHITE COLLAR

Neighborhood : COTTONDALE

HOUSEHOLDS
1,755
POPULATION

4,265

25.0%Renters
75.0%Home Owners
LABOR FORCE

 

51.3%White Collar
48.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 60% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $722 per month.

MY RENT : $722 MEDIAN RENT : $731

Rent % Distribution LEVEL
$500-699 35.6%
$700-899 39.4%
$900-999 9.7%
$1,000-1,499 15.3%
>=$1,500 0.0%
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 $722 would therefore be considered affordable for annual household incomes greater than $28,880 (12 months x 3.333 x $722).

Rent % Affordability
Above $500 75.5%
Above $700 63.7%
Above $1,100 44.5%
Above $1,500 29.0%
Above $1,900 18.6%
HOUSEHOLD INCOME RANGE

Approximately 4,358 of households in this neighborhood have a total annual income of $28,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $722 per month.

MINIMUM INCOME RANGE : $28,880

Income % Distribution
<$20K 24.5%
$20K-$35K 21.2%
$35K-$60K 25.4%
$60K-$100K 18.4%
>=$100K 10.5%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 4.3%
10-14 mins 15.7%
15-19 mins 18.8%
20-29 mins 20.4%
30-44 mins 23.9%
45-59 mins 6.8%
>60 mins 8.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 60% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $722 per month.

MY RENT : $722 MEDIAN RENT : $731

Rent % Distribution
$500-699 35.6%
$700-899 39.4%
$900-999 9.7%
$1,000-1,499 15.3%
>=$1,500 0.0%
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 $722 would therefore be considered affordable for annual household incomes greater than $28,880 (12 months x 3.333 x $722).

Rent % Affordability
Above $500 75.5%
Above $700 63.7%
Above $1,100 44.5%
Above $1,500 29.0%
Above $1,900 18.6%
HOUSEHOLD INCOME RANGE

Approximately 4,358 of households in this neighborhood have a total annual income of $28,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $722 per month.

MINIMUM INCOME RANGE : $28,880

Income % Distribution
<$20K 24.5%
$20K-$35K 21.2%
$35K-$60K 25.4%
$60K-$100K 18.4%
>=$100K 10.5%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 4.3%
10-14 mins 15.7%
15-19 mins 18.8%
20-29 mins 20.4%
30-44 mins 23.9%
45-59 mins 6.8%
>60 mins 8.3%
COTTONDALE Demographics
INDUSTRY

           

Industry % Distribution
Construction 9.9%
Educational Services 8.3%
Health Care & Social Assistance 17.6%
Public Administration 8.8%
Retail & Wholesale Trader 19.1%
Transportation 8.3%
Other 28.0%
OCCUPATION

           

Occupation % Distribution
Healthcare 9.5%
Management, Business, & Financial 10.8%
Natural Resources Maintenance 13.7%
Production & Transportation 12.2%
Protect 5.5%
Sales & Office 31.1%
Other 17.1%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 18.5%
15-19 4.5%
20-24 5.0%
25-44 23.2%
45-65 27.3%
66+ 21.5%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level % Distribution
Associates Degree 5.7%
High School 43.4%
Masters Degree 2.4%
Some College 22.9%
Some High School 19.2%
Other 6.5%

COTTONDALE Demographics

INDUSTRY

Industry % Distribution
Construction 9.9%
Educational Services 8.3%
Health Care & Social Assistance 17.6%
Public Administration 8.8%
Retail & Wholesale Trader 19.1%
Transportation 8.3%
Other 28.0%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 28% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 18.5%
15-19 4.5%
20-24 5.0%
25-44 23.2%
45-65 27.3%
66+ 21.5%
OCCUPATION

Occupation % Distribution
Healthcare 9.5%
Management, Business, & Financial 10.8%
Natural Resources Maintenance 13.7%
Production & Transportation 12.2%
Protect 5.5%
Sales & Office 31.1%
Other 17.1%
HIGHEST EDUCATION LEVEL

9% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.7%
High School 43.4%
Masters Degree 2.4%
Some College 22.9%
Some High School 19.2%
Other 6.5%

Mill Rd Comps

Sorry, we do not have sufficient data available.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , JACKSON County , or the 32431 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

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