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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

4409 Mcelderry Rd Munford, AL 36268

0 Beds 1 Baths 1,708 sqft Built 2010
Last updated:  Jul 30, 2018

INVESTimate

$160,698

$144K - $177K

Price Est.

$867

764 - 970

Rent Est.

$163,462  ( +1.72%)   1 YR EST. FORECAST
  
  
  

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4409 Mcelderry Rd PROPERTY INFO

FACTS
  • Built In 2010
  • Price/Sqft : $94.09
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,708 sqft
  • Baths : 1 Full

4409 Mcelderry 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 36% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $833 per month.

MY RENT : $833 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 $833 would therefore be considered affordable for annual household incomes greater than $33,320 (12 months x 3.333 x $833).

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 4,337 of households in this neighborhood have a total annual income of $33,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $833 per month.

MINIMUM INCOME RANGE : $33,320

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 36% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $833 per month.

MY RENT : $833 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 $833 would therefore be considered affordable for annual household incomes greater than $33,320 (12 months x 3.333 x $833).

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 4,337 of households in this neighborhood have a total annual income of $33,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $833 per month.

MINIMUM INCOME RANGE : $33,320

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%

4409 Mcelderry Rd Comps

Sorry, we do not have sufficient data available.

4409 Mcelderry Rd, Munford, AL 36268 is a single family home of 1,708 sqft. HomeUnion INVESTimateĀ® for 4409 Mcelderry Rd includes a Price Estimate of $160,698 and a Rent Estimate of $867. This single family home has 0 bedrooms,1 bathrooms, and was built in 2010. This property has an estimated 15 year annualized Yield of 6.47% and Total Return of 12.02%. The estimated 1 year forecast in home value for 4409 Mcelderry 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