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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

446 County Road 510 Verbena, AL 36091

0 Beds 0 Baths 2,240 sqft Built 1997
Last updated:  Jun 30, 2018

INVESTimate

$151,885

$138K - $166K

Price Est.

$804

695 - 913

Rent Est.

$154,315  ( +1.6%)   1 YR EST. FORECAST
  
  
  

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446 County Road 510 PROPERTY INFO

FACTS
  • Built In 1997
  • Price/Sqft : $67.81
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,240 sqft
  • Baths : 0 Full

446 County Road 510 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CLANTON ELEMENTARY SCHOOL Primary Regular 793 64 NA
CHILTON COUNTY HIGH SCHOOL Middle Regular 761 43 NA
CHILTON COUNTY HIGH SCHOOL High Regular 761 43 NA

CLANTON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 64
-1
GreatSchools Rating

CHILTON COUNTY HIGH SCHOOL

  • Education Level: Middle
  • # of students: 761
  • # of teachers: 43
-1
GreatSchools Rating

CHILTON COUNTY HIGH SCHOOL

  • Education Level: High
  • # of students: 761
  • # of teachers: 43
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

VERBENA

  • 3,531

    POPULATION
  • 1,498

    HOUSEHOLDS
  • 48.3%

    WHITE COLLAR

Neighborhood : VERBENA

HOUSEHOLDS
1,498
POPULATION

3,531

25.1%Renters
74.9%Home Owners
LABOR FORCE

 

48.3%White Collar
51.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 35% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $869 per month.

MY RENT : $869 MEDIAN RENT : $784

Rent % Distribution LEVEL
$500-699 32.3%
$700-899 38.8%
$900-999 15.0%
$1,000-1,499 13.2%
>=$1,500 0.7%
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 $869 would therefore be considered affordable for annual household incomes greater than $34,760 (12 months x 3.333 x $869).

Rent % Affordability
Above $500 78.6%
Above $700 69.8%
Above $1,100 46.8%
Above $1,500 30.9%
Above $1,900 21.1%
HOUSEHOLD INCOME RANGE

Approximately 3,027 of households in this neighborhood have a total annual income of $34,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $869 per month.

MINIMUM INCOME RANGE : $34,760

Income % Distribution
<$20K 21.4%
$20K-$35K 15.4%
$35K-$60K 32.3%
$60K-$100K 19.2%
>=$100K 11.7%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 38% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 6.2%
10-14 mins 11.4%
15-19 mins 18.9%
20-29 mins 9.8%
30-44 mins 14.5%
45-59 mins 22.2%
>60 mins 15.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 35% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $869 per month.

MY RENT : $869 MEDIAN RENT : $784

Rent % Distribution
$500-699 32.3%
$700-899 38.8%
$900-999 15.0%
$1,000-1,499 13.2%
>=$1,500 0.7%
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 $869 would therefore be considered affordable for annual household incomes greater than $34,760 (12 months x 3.333 x $869).

Rent % Affordability
Above $500 78.6%
Above $700 69.8%
Above $1,100 46.8%
Above $1,500 30.9%
Above $1,900 21.1%
HOUSEHOLD INCOME RANGE

Approximately 3,027 of households in this neighborhood have a total annual income of $34,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $869 per month.

MINIMUM INCOME RANGE : $34,760

Income % Distribution
<$20K 21.4%
$20K-$35K 15.4%
$35K-$60K 32.3%
$60K-$100K 19.2%
>=$100K 11.7%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 38% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 6.2%
10-14 mins 11.4%
15-19 mins 18.9%
20-29 mins 9.8%
30-44 mins 14.5%
45-59 mins 22.2%
>60 mins 15.6%

VERBENA Demographics

INDUSTRY

Industry % Distribution
Construction 23.3%
Educational Services 8.4%
Manufacturing 11.0%
Professional & Scientific Tech Services 5.3%
Public Administration 5.3%
Retail & Wholesale Trader 18.2%
Other 28.4%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 26% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 16.5%
15-19 4.6%
20-24 5.0%
25-44 28.1%
45-65 28.7%
66+ 17.0%
OCCUPATION

Occupation % Distribution
Construction 4.9%
Healthcare 6.6%
Management, Business, & Financial 7.5%
Natural Resources Maintenance 25.4%
Production & Transportation 18.6%
Sales & Office 22.0%
Other 15.0%
HIGHEST EDUCATION LEVEL

10% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 3.6%
High School 51.2%
Masters Degree 4.7%
Some College 16.9%
Some High School 13.5%
Other 10.2%

446 County Road 510 Comps

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446 County Road 510, Verbena, AL 36091 is a single family home of 2,240 sqft. HomeUnion INVESTimateĀ® for 446 County Road 510 includes a Price Estimate of $151,885 and a Rent Estimate of $804. This single family home has 0 bedrooms,0 bathrooms, and was built in 1997. This property has an estimated 15 year annualized Yield of 6.35% and Total Return of 11.41%. The estimated 1 year forecast in home value for 446 County Road 510 is 1.6%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , CHILTON County , or the 36091 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2