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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

1491 Meriwether Trl Lapine, AL 36046

0 Beds 1 Baths 900 sqft Built 1920
Last updated:  Jul 30, 2018

INVESTimate

$73,238

$68.0K - $78.4K

Price Est.

$553

517 - 589

Rent Est.

$75,032  ( +2.45%)   1 YR EST. FORECAST
  
  
  

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1491 Meriwether Trl PROPERTY INFO

FACTS
  • Built In 1920
  • Price/Sqft : $81.38
CONSTRUCTION
  • Beds : 0
  • Floor Size : 900 sqft
  • Baths : 1 Full

1491 Meriwether Trl SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
DUNBAR-RAMER SCHOOL Primary Regular 168 19 2
CARVER HIGH SCHOOL Middle Regular 1,320 64 NA
CARVER HIGH SCHOOL High Regular 1,320 64 NA

DUNBAR-RAMER SCHOOL

  • Education Level: Primary
  • # of students: 168
  • # of teachers: 19
2
GreatSchools Rating

CARVER HIGH SCHOOL

  • Education Level: Middle
  • # of students: 1,320
  • # of teachers: 64
-1
GreatSchools Rating

CARVER HIGH SCHOOL

  • Education Level: High
  • # of students: 1,320
  • # of teachers: 64
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

LAPINE

  • 1,487

    POPULATION
  • 561

    HOUSEHOLDS
  • 59.2%

    WHITE COLLAR

Neighborhood : LAPINE

HOUSEHOLDS
561
POPULATION

1,487

16.2%Renters
83.8%Home Owners
LABOR FORCE

 

59.2%White Collar
40.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $526 per month.

MY RENT : $526 MEDIAN RENT : $626

Rent % Distribution LEVEL
$400-699 62.0%
$700-899 24.1%
$900-999 7.3%
$1,000-1,499 6.1%
>=$1,500 0.5%
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 $526 would therefore be considered affordable for annual household incomes greater than $21,040 (12 months x 3.333 x $526).

Rent % Affordability
Above $500 79.6%
Above $700 71.2%
Above $1,100 53.5%
Above $1,500 39.1%
Above $1,900 26.9%
HOUSEHOLD INCOME RANGE

Approximately 1,162 of households in this neighborhood have a total annual income of $21,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $526 per month.

MINIMUM INCOME RANGE : $21,040

Income % Distribution
<$20K 20.4%
$20K-$35K 15.1%
$35K-$60K 25.4%
$60K-$100K 26.8%
>=$100K 12.3%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.5%
5-9 mins 3.4%
10-14 mins 8.2%
15-19 mins 4.4%
20-29 mins 9.2%
30-44 mins 42.8%
45-59 mins 18.2%
>60 mins 11.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $526 per month.

MY RENT : $526 MEDIAN RENT : $626

Rent % Distribution
$400-699 62.0%
$700-899 24.1%
$900-999 7.3%
$1,000-1,499 6.1%
>=$1,500 0.5%
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 $526 would therefore be considered affordable for annual household incomes greater than $21,040 (12 months x 3.333 x $526).

Rent % Affordability
Above $500 79.6%
Above $700 71.2%
Above $1,100 53.5%
Above $1,500 39.1%
Above $1,900 26.9%
HOUSEHOLD INCOME RANGE

Approximately 1,162 of households in this neighborhood have a total annual income of $21,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $526 per month.

MINIMUM INCOME RANGE : $21,040

Income % Distribution
<$20K 20.4%
$20K-$35K 15.1%
$35K-$60K 25.4%
$60K-$100K 26.8%
>=$100K 12.3%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.5%
5-9 mins 3.4%
10-14 mins 8.2%
15-19 mins 4.4%
20-29 mins 9.2%
30-44 mins 42.8%
45-59 mins 18.2%
>60 mins 11.3%

LAPINE Demographics

INDUSTRY

Industry % Distribution
Construction 12.9%
Educational Services 8.6%
Manufacturing 12.4%
Public Administration 7.8%
Retail & Wholesale Trader 16.3%
Transportation 6.5%
Other 35.5%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 28% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 17.1%
15-19 6.9%
20-24 4.0%
25-44 22.7%
45-65 29.0%
66+ 20.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.9%
Construction 5.5%
Management, Business, & Financial 13.8%
Natural Resources Maintenance 15.5%
Production & Transportation 16.0%
Sales & Office 29.5%
Other 13.8%
HIGHEST EDUCATION LEVEL

13% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.0%
High School 34.7%
Masters Degree 3.6%
Some College 17.4%
Some High School 23.4%
Other 14.0%

1491 Meriwether Trl Comps

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1491 Meriwether Trl, Lapine, AL 36046 is a single family home of 900 sqft. HomeUnion INVESTimateĀ® for 1491 Meriwether Trl includes a Price Estimate of $73,238 and a Rent Estimate of $553. This single family home has 0 bedrooms,1 bathrooms, and was built in 1920. This property has an estimated 15 year annualized Yield of 9.06% and Total Return of 14.93%. The estimated 1 year forecast in home value for 1491 Meriwether Trl is 2.45%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , MONTGOMERY County , or the 36046 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2