1. < 1st W Ave

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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

1506 W 1st Ave Ga Florala, AL 36442

0 Beds 0 Baths 1,592 sqft Built 1955
Last updated:  Oct 30, 2017

INVESTimate

$104,594

$90.8K - $118K

Price Est.

$801

705 - 897

Rent Est.

$39,217

Investment Est.

$100,138  ( -4.26%)   1 YR EST. FORECAST

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1506 W 1st Ave Ga PROPERTY INFO

FACTS
  • Built In 1955
  • Price/Sqft : $65.70
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,592 sqft
  • Baths : 0 Full

1506 W 1st Ave Ga SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ANDALUSIA ELEMENTARY SCHOOL Primary Regular 828 51 6
ANDALUSIA MIDDLE SCHOOL Middle Regular 404 28 7
ANDALUSIA MIDDLE SCHOOL High Regular 404 28 7

ANDALUSIA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 828
  • # of teachers: 51
6
GreatSchools Rating

ANDALUSIA MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 404
  • # of teachers: 28
7
GreatSchools Rating

ANDALUSIA MIDDLE SCHOOL

  • Education Level: High
  • # of students: 404
  • # of teachers: 28
7
GreatSchools Rating
 

Financial Details

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Neighborhood

FLORALA

  • 3,391

    POPULATION

  • 1,469

    HOUSEHOLDS

  • 47.0%

    WHITE COLLAR

Neighborhood : FLORALA

HOUSEHOLDS
1,469
POPULATION

3,391

25.1%Renters
74.9%Home Owners
LABOR FORCE

 

47.0%White Collar
53.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 30% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $792 per month.

MY RENT : $792 MEDIAN RENT : $696

Rent % Distribution LEVEL
$400-699 51.1%
$700-899 41.1%
$900-999 6.9%
$1,000-1,499 0.9%
>=$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 $792 would therefore be considered affordable for annual household incomes greater than $31,680 (12 months x 3.333 x $792).

Rent % Affordability
Above $500 66.3%
Above $700 56.7%
Above $1,100 38.5%
Above $1,500 23.4%
Above $1,900 16.4%
HOUSEHOLD INCOME RANGE

Approximately 3,199 of households in this neighborhood have a total annual income of $31,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $792 per month.

MINIMUM INCOME RANGE : $31,680

Income % Distribution
<$20K 33.7%
$20K-$35K 18.7%
$35K-$60K 24.2%
$60K-$100K 15.5%
>=$100K 7.9%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.8%
5-9 mins 13.3%
10-14 mins 11.5%
15-19 mins 6.7%
20-29 mins 10.8%
30-44 mins 24.3%
45-59 mins 13.3%
>60 mins 15.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 30% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $792 per month.

MY RENT : $792 MEDIAN RENT : $696

Rent % Distribution
$400-699 51.1%
$700-899 41.1%
$900-999 6.9%
$1,000-1,499 0.9%
>=$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 $792 would therefore be considered affordable for annual household incomes greater than $31,680 (12 months x 3.333 x $792).

Rent % Affordability
Above $500 66.3%
Above $700 56.7%
Above $1,100 38.5%
Above $1,500 23.4%
Above $1,900 16.4%
HOUSEHOLD INCOME RANGE

Approximately 3,199 of households in this neighborhood have a total annual income of $31,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $792 per month.

MINIMUM INCOME RANGE : $31,680

Income % Distribution
<$20K 33.7%
$20K-$35K 18.7%
$35K-$60K 24.2%
$60K-$100K 15.5%
>=$100K 7.9%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.8%
5-9 mins 13.3%
10-14 mins 11.5%
15-19 mins 6.7%
20-29 mins 10.8%
30-44 mins 24.3%
45-59 mins 13.3%
>60 mins 15.3%
FLORALA Demographics
INDUSTRY

           

Industry % Distribution
Administrative Support 6.5%
Construction 13.5%
Health Care & Social Assistance 11.3%
Manufacturing 18.1%
Public Administration 6.3%
Retail & Wholesale Trader 14.0%
Other 30.3%
OCCUPATION

           

Occupation % Distribution
Clean 4.5%
Healthcare 9.4%
Management, Business, & Financial 11.8%
Natural Resources Maintenance 20.1%
Production & Transportation 15.6%
Sales & Office 28.7%
Other 10.0%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 15.3%
15-19 2.9%
20-24 4.5%
25-44 20.6%
45-65 28.8%
66+ 27.7%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorā??s degree or higher.

Education Level % Distribution
Associates Degree 8.7%
High School 42.9%
Masters Degree 2.1%
Some College 22.2%
Some High School 17.5%
Other 6.6%

FLORALA Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.5%
Construction 13.5%
Health Care & Social Assistance 11.3%
Manufacturing 18.1%
Public Administration 6.3%
Retail & Wholesale Trader 14.0%
Other 30.3%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 23% is 24 or younger and 28% is 65 or older.

Age % Distribution
<15 15.3%
15-19 2.9%
20-24 4.5%
25-44 20.6%
45-65 28.8%
66+ 27.7%
OCCUPATION

Occupation % Distribution
Clean 4.5%
Healthcare 9.4%
Management, Business, & Financial 11.8%
Natural Resources Maintenance 20.1%
Production & Transportation 15.6%
Sales & Office 28.7%
Other 10.0%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.7%
High School 42.9%
Masters Degree 2.1%
Some College 22.2%
Some High School 17.5%
Other 6.6%

1506 W 1st Ave Ga Comps

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1506 W 1st Ave Ga, Florala, AL 36442 is a single family home of 1,592 sqft. HomeUnion INVESTimateĀ® for 1506 W 1st Ave Ga includes a Price Estimate of $104,594 and a Rent Estimate of $801. This single family home has 0 bedrooms,0 bathrooms, and was built in 1955. This property has an estimated 15 year annualized Yield of 9.19% and Total Return of 10.65%. The estimated 1 year forecast in home value for 1506 W 1st Ave Ga is -4.26%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , COVINGTON County , or the 36442 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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