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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

1117 Sand Rd Newbern, AL 36765

0 Beds 0 Baths 984 sqft Built 1992
Last updated:  May 30, 2018

INVESTimate

$45,902

$41.1K - $50.7K

Price Est.

$538

474 - 602

Rent Est.

$46,687  ( +1.71%)   1 YR EST. FORECAST
  
  
  

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1117 Sand Rd PROPERTY INFO

FACTS
  • Built In 1992
  • Price/Sqft : $46.65
CONSTRUCTION
  • Beds : 0
  • Floor Size : 984 sqft
  • Baths : 0 Full

1117 Sand Rd SCHOOLS

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Financial Details

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Neighborhood

NEWBERN

  • 1,105

    POPULATION
  • 433

    HOUSEHOLDS
  • 40.0%

    WHITE COLLAR

Neighborhood : NEWBERN

HOUSEHOLDS
433
POPULATION

1,105

10.8%Renters
89.2%Home Owners
LABOR FORCE

 

40.0%White Collar
60.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $632 per month.

MY RENT : $632 MEDIAN RENT : $757

Rent % Distribution LEVEL
$500-699 20.2%
$700-899 67.4%
$900-999 7.9%
$1,000-1,499 4.5%
>=$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 $632 would therefore be considered affordable for annual household incomes greater than $25,280 (12 months x 3.333 x $632).

Rent % Affordability
Above $500 52.3%
Above $700 38.7%
Above $1,100 17.7%
Above $1,500 13.2%
Above $1,900 6.9%
HOUSEHOLD INCOME RANGE

Approximately 1,186 of households in this neighborhood have a total annual income of $25,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $632 per month.

MINIMUM INCOME RANGE : $25,280

Income % Distribution
<$20K 47.7%
$20K-$35K 26.9%
$35K-$60K 12.3%
$60K-$100K 6.7%
>=$100K 6.5%
COMMUTE TIME DISTRIBUTION

39% of the working population has a commute time of 15 to 44 minutes, 48% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.2%
5-9 mins 15.9%
10-14 mins 27.7%
15-19 mins 9.5%
20-29 mins 22.3%
30-44 mins 6.8%
45-59 mins 5.3%
>60 mins 8.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $632 per month.

MY RENT : $632 MEDIAN RENT : $757

Rent % Distribution
$500-699 20.2%
$700-899 67.4%
$900-999 7.9%
$1,000-1,499 4.5%
>=$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 $632 would therefore be considered affordable for annual household incomes greater than $25,280 (12 months x 3.333 x $632).

Rent % Affordability
Above $500 52.3%
Above $700 38.7%
Above $1,100 17.7%
Above $1,500 13.2%
Above $1,900 6.9%
HOUSEHOLD INCOME RANGE

Approximately 1,186 of households in this neighborhood have a total annual income of $25,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $632 per month.

MINIMUM INCOME RANGE : $25,280

Income % Distribution
<$20K 47.7%
$20K-$35K 26.9%
$35K-$60K 12.3%
$60K-$100K 6.7%
>=$100K 6.5%
COMMUTE TIME DISTRIBUTION

39% of the working population has a commute time of 15 to 44 minutes, 48% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.2%
5-9 mins 15.9%
10-14 mins 27.7%
15-19 mins 9.5%
20-29 mins 22.3%
30-44 mins 6.8%
45-59 mins 5.3%
>60 mins 8.3%

NEWBERN Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 12.5%
Construction 8.1%
Educational Services 12.9%
Health Care & Social Assistance 14.3%
Manufacturing 16.2%
Retail & Wholesale Trader 19.9%
Other 16.2%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 30% is 24 or younger and 25% is 65 or older.

Age % Distribution
<15 22.4%
15-19 6.0%
20-24 1.2%
25-44 15.6%
45-65 30.0%
66+ 25.0%
OCCUPATION

Occupation % Distribution
Education 5.1%
Healthcare 11.5%
Management, Business, & Financial 14.1%
Natural Resources Maintenance 5.8%
Production & Transportation 42.9%
Sales & Office 12.2%
Other 8.3%
HIGHEST EDUCATION LEVEL

2% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 1.4%
High School 58.0%
Masters Degree 0.8%
Some College 10.2%
Some High School 26.0%
Other 3.7%

1117 Sand Rd Comps

Sorry, we do not have sufficient data available.

1117 Sand Rd, Newbern, AL 36765 is a single family home of 984 sqft. HomeUnion INVESTimateĀ® for 1117 Sand Rd includes a Price Estimate of $45,902 and a Rent Estimate of $538. This single family home has 0 bedrooms,0 bathrooms, and was built in 1992. This property has an estimated 15 year annualized Yield of 14.06% and Total Return of 10.76%. The estimated 1 year forecast in home value for 1117 Sand Rd is 1.71%.

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