INVESTimate
$39,217
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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
Financial Details
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FLORALA
Neighborhood : FLORALA
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
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).
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
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.
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
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