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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

1563 Cobb Rd Munford, AL 36268

0 Beds 0 Baths 972 sqft Built 1996
Last updated:  Jul 30, 2018

INVESTimate

$85,902

$76.9K - $94.9K

Price Est.

$585

515 - 655

Rent Est.

$87,380  ( +1.72%)   1 YR EST. FORECAST
  
  
  

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1563 Cobb Rd PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $88.38
CONSTRUCTION
  • Beds : 0
  • Floor Size : 972 sqft
  • Baths : 0 Full

1563 Cobb Rd SCHOOLS

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Financial Details

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Neighborhood

MUNFORD

  • 5,299

    POPULATION
  • 2,187

    HOUSEHOLDS
  • 52.1%

    WHITE COLLAR

Neighborhood : MUNFORD

HOUSEHOLDS
2,187
POPULATION

5,299

21.8%Renters
78.2%Home Owners
LABOR FORCE

 

52.1%White Collar
47.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $604 per month.

MY RENT : $604 MEDIAN RENT : $730

Rent % Distribution LEVEL
$500-699 41.9%
$700-899 33.4%
$900-999 16.5%
$1,000-1,499 7.7%
>=$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 $604 would therefore be considered affordable for annual household incomes greater than $24,160 (12 months x 3.333 x $604).

Rent % Affordability
Above $500 76.9%
Above $700 67.9%
Above $1,100 49.8%
Above $1,500 35.8%
Above $1,900 27.0%
HOUSEHOLD INCOME RANGE

Approximately 4,423 of households in this neighborhood have a total annual income of $24,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $604 per month.

MINIMUM INCOME RANGE : $24,160

Income % Distribution
<$20K 23.1%
$20K-$35K 15.1%
$35K-$60K 26.0%
$60K-$100K 20.6%
>=$100K 15.2%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.6%
5-9 mins 6.5%
10-14 mins 9.8%
15-19 mins 24.7%
20-29 mins 30.0%
30-44 mins 11.2%
45-59 mins 3.5%
>60 mins 9.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $604 per month.

MY RENT : $604 MEDIAN RENT : $730

Rent % Distribution
$500-699 41.9%
$700-899 33.4%
$900-999 16.5%
$1,000-1,499 7.7%
>=$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 $604 would therefore be considered affordable for annual household incomes greater than $24,160 (12 months x 3.333 x $604).

Rent % Affordability
Above $500 76.9%
Above $700 67.9%
Above $1,100 49.8%
Above $1,500 35.8%
Above $1,900 27.0%
HOUSEHOLD INCOME RANGE

Approximately 4,423 of households in this neighborhood have a total annual income of $24,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $604 per month.

MINIMUM INCOME RANGE : $24,160

Income % Distribution
<$20K 23.1%
$20K-$35K 15.1%
$35K-$60K 26.0%
$60K-$100K 20.6%
>=$100K 15.2%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.6%
5-9 mins 6.5%
10-14 mins 9.8%
15-19 mins 24.7%
20-29 mins 30.0%
30-44 mins 11.2%
45-59 mins 3.5%
>60 mins 9.7%

MUNFORD Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.1%
Educational Services 7.6%
Health Care & Social Assistance 13.3%
Manufacturing 18.9%
Public Administration 7.5%
Retail & Wholesale Trader 15.6%
Other 27.9%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 29% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 20.2%
15-19 3.7%
20-24 5.4%
25-44 26.7%
45-65 28.7%
66+ 15.4%
OCCUPATION

Occupation % Distribution
Education 6.7%
Healthcare 9.8%
Management, Business, & Financial 11.1%
Natural Resources Maintenance 10.7%
Production & Transportation 24.1%
Sales & Office 18.4%
Other 19.2%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.7%
High School 29.9%
Masters Degree 4.4%
Some College 25.1%
Some High School 22.2%
Other 7.8%

1563 Cobb Rd Comps

Sorry, we do not have sufficient data available.

1563 Cobb Rd, Munford, AL 36268 is a single family home of 972 sqft. HomeUnion INVESTimateĀ® for 1563 Cobb Rd includes a Price Estimate of $85,902 and a Rent Estimate of $585. This single family home has 0 bedrooms,0 bathrooms, and was built in 1996. This property has an estimated 15 year annualized Yield of 8.17% and Total Return of 13.60%. The estimated 1 year forecast in home value for 1563 Cobb Rd is 1.72%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , TALLADEGA County , or the 36268 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2