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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

70150 State Highway 59 Little River, AL 36550

3 Beds 0 Baths 1,426 sqft Built 1940
Last updated:  Jun 30, 2018

INVESTimate

$98,980

$91.1K - $107K

Price Est.

$946

853 - $1.0K

Rent Est.

$104,176  ( +5.25%)   1 YR EST. FORECAST
  
  
  

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70150 State Highway 59 PROPERTY INFO

FACTS
  • Built In 1940
  • Price/Sqft : $69.41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,426 sqft
  • Baths : 0 Full

70150 State Highway 59 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BAY MINETTE ELEMENTARY SCHOOL Primary Regular 541 42 5
BAY MINETTE INTERMEDIATE SCHOOL Middle Regular 373 23 5
BALDWIN COUNTY HIGH SCHOOL High Regular 1,144 60 4

BAY MINETTE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 541
  • # of teachers: 42
5
GreatSchools Rating

BAY MINETTE INTERMEDIATE SCHOOL

  • Education Level: Middle
  • # of students: 373
  • # of teachers: 23
5
GreatSchools Rating

BALDWIN COUNTY HIGH SCHOOL

  • Education Level: High
  • # of students: 1,144
  • # of teachers: 60
4
GreatSchools Rating
 

Financial Details

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Neighborhood

LITTLE RIVER

  • 203

    POPULATION
  • 81

    HOUSEHOLDS
  • 49.5%

    WHITE COLLAR

Neighborhood : LITTLE RIVER

HOUSEHOLDS
81
POPULATION

203

17.8%Renters
82.2%Home Owners
LABOR FORCE

 

49.5%White Collar
50.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 33% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $912 per month.

MY RENT : $912 MEDIAN RENT : $832

Rent % Distribution LEVEL
$500-699 16.1%
$700-899 49.4%
$900-999 14.9%
$1,000-1,499 19.5%
>=$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 $912 would therefore be considered affordable for annual household incomes greater than $36,480 (12 months x 3.333 x $912).

Rent % Affordability
Above $500 69.6%
Above $700 36.5%
Above $1,100 17.0%
Above $1,500 6.3%
Above $1,900 6.1%
HOUSEHOLD INCOME RANGE

Approximately 12 of households in this neighborhood have a total annual income of $36,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $912 per month.

MINIMUM INCOME RANGE : $36,480

Income % Distribution
<$20K 30.4%
$20K-$35K 39.2%
$35K-$60K 24.1%
$60K-$100K 5.1%
>=$100K 1.3%
COMMUTE TIME DISTRIBUTION

17% of the working population has a commute time of 15 to 44 minutes, 6% has a commute time of 14 minutes or less and 77% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.0%
10-14 mins 5.6%
15-19 mins 0.0%
20-29 mins 11.3%
30-44 mins 5.6%
45-59 mins 33.8%
>60 mins 43.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 33% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $912 per month.

MY RENT : $912 MEDIAN RENT : $832

Rent % Distribution
$500-699 16.1%
$700-899 49.4%
$900-999 14.9%
$1,000-1,499 19.5%
>=$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 $912 would therefore be considered affordable for annual household incomes greater than $36,480 (12 months x 3.333 x $912).

Rent % Affordability
Above $500 69.6%
Above $700 36.5%
Above $1,100 17.0%
Above $1,500 6.3%
Above $1,900 6.1%
HOUSEHOLD INCOME RANGE

Approximately 12 of households in this neighborhood have a total annual income of $36,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $912 per month.

MINIMUM INCOME RANGE : $36,480

Income % Distribution
<$20K 30.4%
$20K-$35K 39.2%
$35K-$60K 24.1%
$60K-$100K 5.1%
>=$100K 1.3%
COMMUTE TIME DISTRIBUTION

17% of the working population has a commute time of 15 to 44 minutes, 6% has a commute time of 14 minutes or less and 77% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.0%
10-14 mins 5.6%
15-19 mins 0.0%
20-29 mins 11.3%
30-44 mins 5.6%
45-59 mins 33.8%
>60 mins 43.7%

LITTLE RIVER Demographics

INDUSTRY

Industry % Distribution
Administrative Support 4.7%
Construction 6.2%
Health Care & Social Assistance 40.6%
Manufacturing 3.1%
Public Administration 3.1%
Retail & Wholesale Trader 32.8%
Other 9.4%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 33% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 3.4%
15-19 19.7%
20-24 9.4%
25-44 5.9%
45-65 49.8%
66+ 11.8%
OCCUPATION

Occupation % Distribution
Construction 5.9%
Healthcare 5.9%
Management, Business, & Financial 17.6%
Natural Resources Maintenance 11.8%
Production & Transportation 35.3%
Sales & Office 23.5%
Other 0.0%
HIGHEST EDUCATION LEVEL

29% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 25.5%
High School 20.3%
Masters Degree 3.3%
Some College 5.9%
Some High School 26.1%
Other 19.0%

70150 State Highway 59 Comps

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70150 State Highway 59, Little River, AL 36550 is a single family home of 1,426 sqft. HomeUnion INVESTimateĀ® for 70150 State Highway 59 includes a Price Estimate of $98,980 and a Rent Estimate of $946. This single family home has 3 bedrooms,0 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 11.47% and Total Return of 27.96%. The estimated 1 year forecast in home value for 70150 State Highway 59 is 5.25%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , BALDWIN County , or the 36550 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2