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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

3690 Old 227 Rd Groveoak, AL 35975

0 Beds 0 Baths 1,576 sqft Built 1950
Last updated:  May 30, 2018

INVESTimate

$98,870

$87.0K - $111K

Price Est.

$644

567 - 721

Rent Est.

$98,870  ( 0%)   1 YR EST. FORECAST
  
  
  

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3690 Old 227 Rd PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $62.73
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,576 sqft
  • Baths : 0 Full

3690 Old 227 Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ASBURY ELEMENTARY SCHOOL Primary Unknown NA
ASBURY HIGH SCHOOL Middle Regular 424 30 NA
ASBURY HIGH SCHOOL High Regular 424 30 NA

ASBURY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

ASBURY HIGH SCHOOL

  • Education Level: Middle
  • # of students: 424
  • # of teachers: 30
-1
GreatSchools Rating

ASBURY HIGH SCHOOL

  • Education Level: High
  • # of students: 424
  • # of teachers: 30
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

GROVEOAK

  • 798

    POPULATION
  • 345

    HOUSEHOLDS
  • 52.9%

    WHITE COLLAR

Neighborhood : GROVEOAK

HOUSEHOLDS
345
POPULATION

798

24.9%Renters
75.1%Home Owners
LABOR FORCE

 

52.9%White Collar
47.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 60% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $630 per month.

MY RENT : $630 MEDIAN RENT : $671

Rent % Distribution LEVEL
$400-699 61.5%
$700-899 31.5%
$900-999 4.8%
$1,000-1,499 2.2%
>=$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 $630 would therefore be considered affordable for annual household incomes greater than $25,200 (12 months x 3.333 x $630).

Rent % Affordability
Above $500 82.0%
Above $700 66.2%
Above $1,100 48.2%
Above $1,500 21.7%
Above $1,900 16.4%
HOUSEHOLD INCOME RANGE

Approximately 921 of households in this neighborhood have a total annual income of $25,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $630 per month.

MINIMUM INCOME RANGE : $25,200

Income % Distribution
<$20K 18.0%
$20K-$35K 22.3%
$35K-$60K 38.0%
$60K-$100K 15.1%
>=$100K 6.7%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 7.4%
10-14 mins 30.5%
15-19 mins 6.3%
20-29 mins 21.1%
30-44 mins 14.2%
45-59 mins 9.4%
>60 mins 9.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 60% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $630 per month.

MY RENT : $630 MEDIAN RENT : $671

Rent % Distribution
$400-699 61.5%
$700-899 31.5%
$900-999 4.8%
$1,000-1,499 2.2%
>=$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 $630 would therefore be considered affordable for annual household incomes greater than $25,200 (12 months x 3.333 x $630).

Rent % Affordability
Above $500 82.0%
Above $700 66.2%
Above $1,100 48.2%
Above $1,500 21.7%
Above $1,900 16.4%
HOUSEHOLD INCOME RANGE

Approximately 921 of households in this neighborhood have a total annual income of $25,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $630 per month.

MINIMUM INCOME RANGE : $25,200

Income % Distribution
<$20K 18.0%
$20K-$35K 22.3%
$35K-$60K 38.0%
$60K-$100K 15.1%
>=$100K 6.7%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 7.4%
10-14 mins 30.5%
15-19 mins 6.3%
20-29 mins 21.1%
30-44 mins 14.2%
45-59 mins 9.4%
>60 mins 9.7%

GROVEOAK Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 16.2%
Arts & Entertainment 6.1%
Health Care & Social Assistance 11.9%
Manufacturing 23.5%
Retail & Wholesale Trader 18.0%
Transportation 9.4%
Other 14.9%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 31% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 10.8%
15-19 2.9%
20-24 17.4%
25-44 15.4%
45-65 34.5%
66+ 19.0%
OCCUPATION

Occupation % Distribution
Healthcare 14.7%
Management, Business, & Financial 22.7%
Natural Resources Maintenance 11.9%
Production & Transportation 32.4%
Protect 4.7%
Sales & Office 7.2%
Other 6.5%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.1%
High School 26.0%
Masters Degree 3.4%
Some College 24.8%
Some High School 27.6%
Other 7.0%

3690 Old 227 Rd Comps

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3690 Old 227 Rd, Groveoak, AL 35975 is a single family home of 1,576 sqft. HomeUnion INVESTimateĀ® for 3690 Old 227 Rd includes a Price Estimate of $98,870 and a Rent Estimate of $644. This single family home has 0 bedrooms,0 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 7.82% and Total Return of 11.62%. The estimated 1 year forecast in home value for 3690 Old 227 Rd is 0%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , MARSHALL County , or the 35975 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2