Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

108 W 3rd Ave Nome, AK 99762

0 Beds 0 Baths 5,808 sqft Built 1979
Last updated:  Jan 23, 2020

INVESTimate

$918,824

$840K - $997K

Price Est.

$1,885

$1.6K - $2.2K

Rent Est.

$918,824  ( 0%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 3349 JAPONICA RD N JACKSONVILLE, FL
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955
    AVAILABLE
    • 14.68% GROSS YIELD
    • $6,334 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $85,000
    • $28,275
    • $1,040
  • 1424 BRETON RD JACKSONVILLE, FL
    • 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1950
    AVAILABLE
    • 14.27% GROSS YIELD
    • $5,871 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $79,900
    • $26,924
    • $950

108 W 3rd Ave PROPERTY INFO

FACTS
  • Built In 1979
  • Price/Sqft : $158.20
CONSTRUCTION
  • Beds : 0
  • Floor Size : 5,808 sqft
  • Baths : 0 Full

108 W 3rd Ave SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

NOME

  • 4,106

    POPULATION
  • 1,401

    HOUSEHOLDS
  • 64.4%

    WHITE COLLAR

Neighborhood : NOME

HOUSEHOLDS
1,401
POPULATION

4,106

48.7%Renters
51.3%Home Owners
LABOR FORCE

 

64.4%White Collar
35.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 21% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,885 per month.

MY RENT : $1,885 MEDIAN RENT : $1,377

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 78.6%
>=$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 $1,885 would therefore be considered affordable for annual household incomes greater than $75,400 (12 months x 3.333 x $1,885).

Rent % Affordability
Above $500 91.7%
Above $700 86.0%
Above $1,100 72.2%
Above $1,500 59.6%
Above $1,900 52.3%
HOUSEHOLD INCOME RANGE

Approximately 561 of households in this neighborhood have a total annual income of $75,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,885 per month.

MINIMUM INCOME RANGE : $75,400

Income % Distribution
<$20K 8.3%
$20K-$35K 12.1%
$35K-$60K 19.9%
$60K-$100K 26.0%
>=$100K 33.6%
COMMUTE TIME DISTRIBUTION

15% of the working population has a commute time of 15 to 44 minutes, 85% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 29.2%
5-9 mins 35.4%
10-14 mins 20.0%
15-19 mins 6.7%
20-29 mins 7.3%
30-44 mins 0.7%
45-59 mins 0.3%
>60 mins 0.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 21% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,885 per month.

MY RENT : $1,885 MEDIAN RENT : $1,377

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 78.6%
>=$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 $1,885 would therefore be considered affordable for annual household incomes greater than $75,400 (12 months x 3.333 x $1,885).

Rent % Affordability
Above $500 91.7%
Above $700 86.0%
Above $1,100 72.2%
Above $1,500 59.6%
Above $1,900 52.3%
HOUSEHOLD INCOME RANGE

Approximately 561 of households in this neighborhood have a total annual income of $75,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,885 per month.

MINIMUM INCOME RANGE : $75,400

Income % Distribution
<$20K 8.3%
$20K-$35K 12.1%
$35K-$60K 19.9%
$60K-$100K 26.0%
>=$100K 33.6%
COMMUTE TIME DISTRIBUTION

15% of the working population has a commute time of 15 to 44 minutes, 85% has a commute time of 14 minutes or less and 1% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 29.2%
5-9 mins 35.4%
10-14 mins 20.0%
15-19 mins 6.7%
20-29 mins 7.3%
30-44 mins 0.7%
45-59 mins 0.3%
>60 mins 0.4%

NOME Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 5.8%
Educational Services 10.4%
Health Care & Social Assistance 28.5%
Public Administration 14.9%
Retail & Wholesale Trader 9.1%
Transportation 9.3%
Other 21.9%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 39% is 24 or younger and 7% is 65 or older.

Age % Distribution
<15 25.1%
15-19 8.3%
20-24 6.0%
25-44 31.7%
45-65 21.5%
66+ 7.4%
OCCUPATION

Occupation % Distribution
Construction 6.3%
Healthcare 8.6%
Management, Business, & Financial 20.8%
Natural Resources Maintenance 8.6%
Protect 7.9%
Sales & Office 24.3%
Other 23.4%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.7%
High School 35.6%
Masters Degree 4.0%
Some College 29.7%
Some High School 7.7%
Other 18.3%

108 W 3rd Ave Comps

Sorry, we do not have sufficient data available.

108 W 3rd Ave, Nome, AK 99762 is a single family home of 5,808 sqft. HomeUnion INVESTimateĀ® for 108 W 3rd Ave includes a Price Estimate of $918,824 and a Rent Estimate of $1,885. This single family home has 0 bedrooms,0 bathrooms, and was built in 1979. This property has an estimated 15 year annualized Yield of 2.46% and Total Return of -0.29%. The estimated 1 year forecast in home value for 108 W 3rd Ave is 0%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AK , NOME County , or the 99762 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available

Similar Investment Properties By List Price within 2 miles

No Properties available

Nearest zipcodes within 2 miles

No Zipcodes available