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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

507 Lynn Cir Mount Olive, AL 35117

3 Beds 2 Baths 1,566 sqft Built 1968
Last updated:  Jun 30, 2018

INVESTimate

$164,512

$150K - $179K

Price Est.

$1,268

$1.2K - $1.4K

Rent Est.

$166,404  ( +1.15%)   1 YR EST. FORECAST
  
  
  

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507 Lynn Cir PROPERTY INFO

FACTS
  • Built In 1968
  • Price/Sqft : $105.05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,566 sqft
  • Baths : 2 Full

507 Lynn Cir SCHOOLS

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Financial Details

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Neighborhood

MOUNT OLIVE

  • 5,561

    POPULATION
  • 2,155

    HOUSEHOLDS
  • 68.3%

    WHITE COLLAR

Neighborhood : MOUNT OLIVE

HOUSEHOLDS
2,155
POPULATION

5,561

13.6%Renters
86.4%Home Owners
LABOR FORCE

 

68.3%White Collar
31.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 49% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,253 per month.

MY RENT : $1,253 MEDIAN RENT : $1,255

Rent % Distribution LEVEL
$500-699 0.2%
$700-899 12.0%
$900-999 10.6%
$1,000-1,499 55.8%
>=$1,500 21.4%
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 $1,253 would therefore be considered affordable for annual household incomes greater than $50,120 (12 months x 3.333 x $1,253).

Rent % Affordability
Above $500 84.0%
Above $700 78.5%
Above $1,100 66.9%
Above $1,500 53.5%
Above $1,900 41.9%
HOUSEHOLD INCOME RANGE

Approximately 1,224 of households in this neighborhood have a total annual income of $50,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,253 per month.

MINIMUM INCOME RANGE : $50,120

Income % Distribution
<$20K 16.0%
$20K-$35K 10.7%
$35K-$60K 19.8%
$60K-$100K 26.4%
>=$100K 27.1%
COMMUTE TIME DISTRIBUTION

74% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.4%
5-9 mins 4.3%
10-14 mins 11.7%
15-19 mins 11.8%
20-29 mins 29.9%
30-44 mins 32.1%
45-59 mins 5.8%
>60 mins 4.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 49% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,253 per month.

MY RENT : $1,253 MEDIAN RENT : $1,255

Rent % Distribution
$500-699 0.2%
$700-899 12.0%
$900-999 10.6%
$1,000-1,499 55.8%
>=$1,500 21.4%
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 $1,253 would therefore be considered affordable for annual household incomes greater than $50,120 (12 months x 3.333 x $1,253).

Rent % Affordability
Above $500 84.0%
Above $700 78.5%
Above $1,100 66.9%
Above $1,500 53.5%
Above $1,900 41.9%
HOUSEHOLD INCOME RANGE

Approximately 1,224 of households in this neighborhood have a total annual income of $50,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,253 per month.

MINIMUM INCOME RANGE : $50,120

Income % Distribution
<$20K 16.0%
$20K-$35K 10.7%
$35K-$60K 19.8%
$60K-$100K 26.4%
>=$100K 27.1%
COMMUTE TIME DISTRIBUTION

74% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.4%
5-9 mins 4.3%
10-14 mins 11.7%
15-19 mins 11.8%
20-29 mins 29.9%
30-44 mins 32.1%
45-59 mins 5.8%
>60 mins 4.1%

MOUNT OLIVE Demographics

INDUSTRY

Industry % Distribution
Construction 8.3%
Educational Services 8.0%
Health Care & Social Assistance 16.7%
Manufacturing 10.9%
Retail & Wholesale Trader 11.4%
Transportation 8.2%
Other 36.4%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 31% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 18.4%
15-19 6.4%
20-24 6.0%
25-44 23.1%
45-65 27.6%
66+ 18.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.8%
Healthcare 11.0%
Management, Business, & Financial 21.0%
Natural Resources Maintenance 13.9%
Production & Transportation 10.6%
Sales & Office 21.1%
Other 15.7%
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 7.8%
High School 32.6%
Masters Degree 7.1%
Some College 24.9%
Some High School 9.2%
Other 18.5%

507 Lynn Cir Comps

Sorry, we do not have sufficient data available.

507 Lynn Cir, Mount Olive, AL 35117 is a single family home of 1,566 sqft. HomeUnion INVESTimateĀ® for 507 Lynn Cir includes a Price Estimate of $164,512 and a Rent Estimate of $1,268. This single family home has 3 bedrooms,2 bathrooms, and was built in 1968. This property has an estimated 15 year annualized Yield of 9.25% and Total Return of 17.96%. The estimated 1 year forecast in home value for 507 Lynn Cir is 1.15%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , JEFFERSON County , or the 35117 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2