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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

1306 River Paradise Ln Lowndesboro, AL 36752

0 Beds 0 Baths 980 sqft Built 0
Last updated:  Jul 30, 2018

INVESTimate

$57,952

$51.9K - $64.0K

Price Est.

$603

531 - 675

Rent Est.

$59,013  ( +1.83%)   1 YR EST. FORECAST
  
  
  

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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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Neighborhood

LOWNDESBORO

  • 1,158

    POPULATION
  • 515

    HOUSEHOLDS
  • 54.4%

    WHITE COLLAR

Neighborhood : LOWNDESBORO

HOUSEHOLDS
515
POPULATION

1,158

14.2%Renters
85.8%Home Owners
LABOR FORCE

 

54.4%White Collar
45.6%Blue Collar
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

Rent % Distribution LEVEL
$500-699 15.3%
$700-899 43.2%
$900-999 19.8%
$1,000-1,499 21.6%
>=$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 $633 would therefore be considered affordable for annual household incomes greater than $25,320 (12 months x 3.333 x $633).

Rent % Affordability
Above $500 74.1%
Above $700 68.8%
Above $1,100 48.8%
Above $1,500 38.3%
Above $1,900 25.7%
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

Income % Distribution
<$20K 25.9%
$20K-$35K 10.8%
$35K-$60K 25.0%
$60K-$100K 23.2%
>=$100K 15.1%
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.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 2.7%
10-14 mins 3.9%
15-19 mins 3.0%
20-29 mins 16.7%
30-44 mins 51.0%
45-59 mins 11.1%
>60 mins 9.4%
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

Rent % Distribution
$500-699 15.3%
$700-899 43.2%
$900-999 19.8%
$1,000-1,499 21.6%
>=$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 $633 would therefore be considered affordable for annual household incomes greater than $25,320 (12 months x 3.333 x $633).

Rent % Affordability
Above $500 74.1%
Above $700 68.8%
Above $1,100 48.8%
Above $1,500 38.3%
Above $1,900 25.7%
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

Income % Distribution
<$20K 25.9%
$20K-$35K 10.8%
$35K-$60K 25.0%
$60K-$100K 23.2%
>=$100K 15.1%
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.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 2.7%
10-14 mins 3.9%
15-19 mins 3.0%
20-29 mins 16.7%
30-44 mins 51.0%
45-59 mins 11.1%
>60 mins 9.4%

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 19.10%. 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

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