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1306 River Paradise Ln PROPERTY INFO
FACTS
- Built In 0
- Price/Sqft : $59.13
CONSTRUCTION
- Beds : 0
- Floor Size : 980 sqft
- Baths : 0 Full
1306 River Paradise Ln SCHOOLS
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Financial Details
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LOWNDESBORO
Neighborhood : LOWNDESBORO
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 90% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $633 per month.
MY RENT : $633 MEDIAN RENT : $850
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 $633 would therefore be considered affordable for annual household incomes greater than $25,320 (12 months x 3.333 x $633).
HOUSEHOLD INCOME RANGE
Approximately 846 of households in this neighborhood have a total annual income of $25,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $633 per month.
MINIMUM INCOME RANGE : $25,320
COMMUTE TIME DISTRIBUTION
71% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.
LOWNDESBORO Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Financial Industries | 10.8% |
| Health Care & Social Assistance | 11.3% |
| Manufacturing | 14.5% |
| Public Administration | 6.0% |
| Retail & Wholesale Trader | 17.3% |
| Transportation | 9.2% |
| Other | 30.9% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 27% is 24 or younger and 21% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 13.9% |
| 15-19 | 7.7% |
| 20-24 | 5.6% |
| 25-44 | 12.3% |
| 45-65 | 39.9% |
| 66+ | 20.6% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 10.8% |
| Legal | 3.0% |
| Management, Business, & Financial | 13.8% |
| Natural Resources Maintenance | 13.0% |
| Production & Transportation | 18.5% |
| Sales & Office | 28.5% |
| Other | 12.4% |
HIGHEST EDUCATION LEVEL
14% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.2% |
| High School | 26.4% |
| Masters Degree | 3.4% |
| Some College | 29.1% |
| Some High School | 15.2% |
| Other | 16.8% |
1306 River Paradise Ln Comps
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1306 River Paradise Ln, Lowndesboro, AL 36752 is a single family home of 980 sqft. HomeUnion INVESTimateĀ® for 1306 River Paradise Ln includes a Price Estimate of $57,952 and a Rent Estimate of $603. This single family home has 0 bedrooms,0 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 12.49% and Total Return of 19.85%. The estimated 1 year forecast in home value for 1306 River Paradise Ln is 1.83%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , LOWNDES County , or the 36752 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
