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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

7938 Highway 87 Elba, AL 36323

0 Beds 1 Baths 1,344 sqft Built 1972
Last updated:  May 30, 2018

INVESTimate

$86,001

$80.4K - $91.6K

Price Est.

$738

677 - 799

Rent Est.

$85,356  ( -0.75%)   1 YR EST. FORECAST
  
  
  

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7938 Highway 87 PROPERTY INFO

FACTS
  • Built In 1972
  • Price/Sqft : $63.99
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,344 sqft
  • Baths : 1 Full

7938 Highway 87 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
KINSTON HIGH SCHOOL Primary Regular 518 36 NA
KINSTON HIGH SCHOOL Middle Regular 518 36 NA
KINSTON HIGH SCHOOL High Regular 518 36 NA

KINSTON HIGH SCHOOL

  • Education Level: Primary
  • # of students: 518
  • # of teachers: 36
-1
GreatSchools Rating

KINSTON HIGH SCHOOL

  • Education Level: Middle
  • # of students: 518
  • # of teachers: 36
-1
GreatSchools Rating

KINSTON HIGH SCHOOL

  • Education Level: High
  • # of students: 518
  • # of teachers: 36
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

ELBA

  • 7,961

    POPULATION
  • 2,978

    HOUSEHOLDS
  • 47.5%

    WHITE COLLAR

Neighborhood : ELBA

HOUSEHOLDS
2,978
POPULATION

7,961

32.2%Renters
67.8%Home Owners
LABOR FORCE

 

47.5%White Collar
52.5%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 $724 per month.

MY RENT : $724 MEDIAN RENT : $743

Rent % Distribution LEVEL
$400-699 35.7%
$700-899 33.4%
$900-999 10.0%
$1,000-1,499 18.0%
>=$1,500 3.0%
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 $724 would therefore be considered affordable for annual household incomes greater than $28,960 (12 months x 3.333 x $724).

Rent % Affordability
Above $500 74.9%
Above $700 63.4%
Above $1,100 45.0%
Above $1,500 30.3%
Above $1,900 20.4%
HOUSEHOLD INCOME RANGE

Approximately 7,115 of households in this neighborhood have a total annual income of $28,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $724 per month.

MINIMUM INCOME RANGE : $28,960

Income % Distribution
<$20K 25.1%
$20K-$35K 20.0%
$35K-$60K 24.6%
$60K-$100K 19.2%
>=$100K 11.2%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.9%
5-9 mins 17.6%
10-14 mins 9.6%
15-19 mins 13.9%
20-29 mins 17.7%
30-44 mins 20.4%
45-59 mins 6.8%
>60 mins 7.0%
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 $724 per month.

MY RENT : $724 MEDIAN RENT : $743

Rent % Distribution
$400-699 35.7%
$700-899 33.4%
$900-999 10.0%
$1,000-1,499 18.0%
>=$1,500 3.0%
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 $724 would therefore be considered affordable for annual household incomes greater than $28,960 (12 months x 3.333 x $724).

Rent % Affordability
Above $500 74.9%
Above $700 63.4%
Above $1,100 45.0%
Above $1,500 30.3%
Above $1,900 20.4%
HOUSEHOLD INCOME RANGE

Approximately 7,115 of households in this neighborhood have a total annual income of $28,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $724 per month.

MINIMUM INCOME RANGE : $28,960

Income % Distribution
<$20K 25.1%
$20K-$35K 20.0%
$35K-$60K 24.6%
$60K-$100K 19.2%
>=$100K 11.2%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.9%
5-9 mins 17.6%
10-14 mins 9.6%
15-19 mins 13.9%
20-29 mins 17.7%
30-44 mins 20.4%
45-59 mins 6.8%
>60 mins 7.0%

ELBA Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 6.3%
Arts & Entertainment 6.8%
Educational Services 8.8%
Health Care & Social Assistance 7.8%
Manufacturing 18.9%
Retail & Wholesale Trader 16.3%
Other 35.0%
AGE DISTRIBUTION

50% 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 16.8%
15-19 6.2%
20-24 8.3%
25-44 20.0%
45-65 30.4%
66+ 18.2%
OCCUPATION

Occupation % Distribution
Clean 7.0%
Healthcare 5.6%
Management, Business, & Financial 12.2%
Natural Resources Maintenance 16.0%
Production & Transportation 24.2%
Sales & Office 18.8%
Other 16.3%
HIGHEST EDUCATION LEVEL

13% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.3%
High School 32.3%
Masters Degree 3.0%
Some College 22.3%
Some High School 23.5%
Other 9.6%

7938 Highway 87 Comps

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7938 Highway 87, Elba, AL 36323 is a single family home of 1,344 sqft. HomeUnion INVESTimateĀ® for 7938 Highway 87 includes a Price Estimate of $86,001 and a Rent Estimate of $738. This single family home has 0 bedrooms,1 bathrooms, and was built in 1972. This property has an estimated 15 year annualized Yield of 10.30% and Total Return of 15.21%. The estimated 1 year forecast in home value for 7938 Highway 87 is -0.75%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AL , COFFEE County , or the 36323 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2