Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

1505 Sequoia Dr Elba, AL 36323

0 Beds 0 Baths 1,947 sqft Built 2012
Last updated:  May 30, 2018

INVESTimate

$140,066

$131K - $149K

Price Est.

$870

784 - 956

Rent Est.

$139,016  ( -0.75%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 3349 JAPONICA RD N JACKSONVILLE, FL
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955
    AVAILABLE
    • 14.68% GROSS YIELD
    • $6,334 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $85,000
    • $28,275
    • $1,040
  • 1424 BRETON RD JACKSONVILLE, FL
    • 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1950
    AVAILABLE
    • 14.27% GROSS YIELD
    • $5,871 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $79,900
    • $26,924
    • $950

1505 Sequoia Dr PROPERTY INFO

FACTS
  • Built In 2012
  • Price/Sqft : $71.94
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,947 sqft
  • Baths : 0 Full

1505 Sequoia Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ELBA ELEMENTARY SCHOOL Primary Regular 396 28 6
ELBA ELEMENTARY SCHOOL Middle Regular 396 28 6
ELBA HIGH SCHOOL High Regular 353 20 3

ELBA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 396
  • # of teachers: 28
6
GreatSchools Rating

ELBA ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 396
  • # of teachers: 28
6
GreatSchools Rating

ELBA HIGH SCHOOL

  • Education Level: High
  • # of students: 353
  • # of teachers: 20
3
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

ELBA

  • 7,961

    POPULATION
  • 2,978

    HOUSEHOLDS
  • 47.5%

    WHITE COLLAR

Neighborhood : ELBA

HOUSEHOLDS
2,978
POPULATION

7,961

32.2%Renters
67.8%Home Owners
LABOR FORCE

 

47.5%White Collar
52.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 22% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $989 per month.

MY RENT : $989 MEDIAN RENT : $743

Rent % Distribution LEVEL
$400-699 35.7%
$700-899 33.4%
$900-999 10.0%
$1,000-1,499 18.0%
>=$1,500 3.0%
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 $989 would therefore be considered affordable for annual household incomes greater than $39,560 (12 months x 3.333 x $989).

Rent % Affordability
Above $500 74.9%
Above $700 63.4%
Above $1,100 45.0%
Above $1,500 30.3%
Above $1,900 20.4%
HOUSEHOLD INCOME RANGE

Approximately 1,155 of households in this neighborhood have a total annual income of $39,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $989 per month.

MINIMUM INCOME RANGE : $39,560

Income % Distribution
<$20K 25.1%
$20K-$35K 20.0%
$35K-$60K 24.6%
$60K-$100K 19.2%
>=$100K 11.2%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 34% 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 6.9%
5-9 mins 17.6%
10-14 mins 9.6%
15-19 mins 13.9%
20-29 mins 17.7%
30-44 mins 20.4%
45-59 mins 6.8%
>60 mins 7.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 22% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $989 per month.

MY RENT : $989 MEDIAN RENT : $743

Rent % Distribution
$400-699 35.7%
$700-899 33.4%
$900-999 10.0%
$1,000-1,499 18.0%
>=$1,500 3.0%
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 $989 would therefore be considered affordable for annual household incomes greater than $39,560 (12 months x 3.333 x $989).

Rent % Affordability
Above $500 74.9%
Above $700 63.4%
Above $1,100 45.0%
Above $1,500 30.3%
Above $1,900 20.4%
HOUSEHOLD INCOME RANGE

Approximately 1,155 of households in this neighborhood have a total annual income of $39,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $989 per month.

MINIMUM INCOME RANGE : $39,560

Income % Distribution
<$20K 25.1%
$20K-$35K 20.0%
$35K-$60K 24.6%
$60K-$100K 19.2%
>=$100K 11.2%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 34% 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 6.9%
5-9 mins 17.6%
10-14 mins 9.6%
15-19 mins 13.9%
20-29 mins 17.7%
30-44 mins 20.4%
45-59 mins 6.8%
>60 mins 7.0%

ELBA Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 6.3%
Arts & Entertainment 6.8%
Educational Services 8.8%
Health Care & Social Assistance 7.8%
Manufacturing 18.9%
Retail & Wholesale Trader 16.3%
Other 35.0%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 31% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 16.8%
15-19 6.2%
20-24 8.3%
25-44 20.0%
45-65 30.4%
66+ 18.2%
OCCUPATION

Occupation % Distribution
Clean 7.0%
Healthcare 5.6%
Management, Business, & Financial 12.2%
Natural Resources Maintenance 16.0%
Production & Transportation 24.2%
Sales & Office 18.8%
Other 16.3%
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 9.3%
High School 32.3%
Masters Degree 3.0%
Some College 22.3%
Some High School 23.5%
Other 9.6%

1505 Sequoia Dr Comps

Sorry, we do not have sufficient data available.

1505 Sequoia Dr, Elba, AL 36323 is a single family home of 1,947 sqft. HomeUnion INVESTimateĀ® for 1505 Sequoia Dr includes a Price Estimate of $140,066 and a Rent Estimate of $870. This single family home has 0 bedrooms,0 bathrooms, and was built in 2012. This property has an estimated 15 year annualized Yield of 7.45% and Total Return of 9.72%. The estimated 1 year forecast in home value for 1505 Sequoia Dr is -0.75%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , COFFEE County , or the 36323 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2