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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

1641 Eastridge Dr 7-103 Anchorage, AK 99501

2 Beds 1 Baths 855 sqft Built 1983
Last updated:  May 30, 2018

INVESTimate

$162,037

$138K - $186K

Price Est.

$1,251

$1.1K - $1.4K

Rent Est.

$168,502  ( +3.99%)   1 YR EST. FORECAST
  
  
  

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1641 Eastridge Dr 7-103 PROPERTY INFO

FACTS
  • Built In 1983
  • Price/Sqft : $189.52
CONSTRUCTION
  • Beds : 2
  • Floor Size : 855 sqft
  • Baths : 1 Full

1641 Eastridge Dr 7-103 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
AIRPORT HEIGHTS ELEMENTARY SCHOOL Primary Regular 303 24 2
WENDLER MIDDLE SCHOOL Middle Regular 525 42 5
EAST HIGH SCHOOL High Regular 2,195 109 5

AIRPORT HEIGHTS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 303
  • # of teachers: 24
2
GreatSchools Rating

WENDLER MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 525
  • # of teachers: 42
5
GreatSchools Rating

EAST HIGH SCHOOL

  • Education Level: High
  • # of students: 2,195
  • # of teachers: 109
5
GreatSchools Rating
 

Financial Details

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Neighborhood

Eastridge

  • 697

    POPULATION
  • 343

    HOUSEHOLDS
  • 73.6%

    WHITE COLLAR

Neighborhood : Eastridge

HOUSEHOLDS
343
POPULATION

697

21.9%Renters
78.1%Home Owners
LABOR FORCE

 

73.6%White Collar
26.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,251 per month.

MY RENT : $1,251 MEDIAN RENT : $1,867

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 37.0%
>=$1,500 63.0%
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 $1,251 would therefore be considered affordable for annual household incomes greater than $50,040 (12 months x 3.333 x $1,251).

Rent % Affordability
Above $500 95.0%
Above $700 88.9%
Above $1,100 82.5%
Above $1,500 72.3%
Above $1,900 58.3%
HOUSEHOLD INCOME RANGE

Approximately 256 of households in this neighborhood have a total annual income of $50,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,251 per month.

MINIMUM INCOME RANGE : $50,040

Income % Distribution
<$20K 5.0%
$20K-$35K 9.3%
$35K-$60K 13.4%
$60K-$100K 28.6%
>=$100K 43.7%
COMMUTE TIME DISTRIBUTION

34% of the working population has a commute time of 15 to 44 minutes, 64% 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 6.4%
5-9 mins 2.9%
10-14 mins 55.1%
15-19 mins 15.6%
20-29 mins 16.4%
30-44 mins 2.1%
45-59 mins 1.5%
>60 mins 0.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,251 per month.

MY RENT : $1,251 MEDIAN RENT : $1,867

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 37.0%
>=$1,500 63.0%
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 $1,251 would therefore be considered affordable for annual household incomes greater than $50,040 (12 months x 3.333 x $1,251).

Rent % Affordability
Above $500 95.0%
Above $700 88.9%
Above $1,100 82.5%
Above $1,500 72.3%
Above $1,900 58.3%
HOUSEHOLD INCOME RANGE

Approximately 256 of households in this neighborhood have a total annual income of $50,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,251 per month.

MINIMUM INCOME RANGE : $50,040

Income % Distribution
<$20K 5.0%
$20K-$35K 9.3%
$35K-$60K 13.4%
$60K-$100K 28.6%
>=$100K 43.7%
COMMUTE TIME DISTRIBUTION

34% of the working population has a commute time of 15 to 44 minutes, 64% 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 6.4%
5-9 mins 2.9%
10-14 mins 55.1%
15-19 mins 15.6%
20-29 mins 16.4%
30-44 mins 2.1%
45-59 mins 1.5%
>60 mins 0.0%

Eastridge Demographics

INDUSTRY

Industry % Distribution
Health Care & Social Assistance 21.9%
Information 7.6%
Professional & Scientific Tech Services 12.3%
Public Administration 15.5%
Retail & Wholesale Trader 10.3%
Transportation 9.3%
Other 23.1%
AGE DISTRIBUTION

78% of the population is between the ages of 25 and 64, 13% is 24 or younger and 9% is 65 or older.

Age % Distribution
<15 8.3%
15-19 2.7%
20-24 1.6%
25-44 36.2%
45-65 41.9%
66+ 9.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.6%
Healthcare 12.8%
Management, Business, & Financial 15.5%
Natural Resources Maintenance 8.8%
Production & Transportation 11.0%
Sales & Office 20.9%
Other 21.4%
HIGHEST EDUCATION LEVEL

33% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.2%
Doctorate 8.6%
High School 8.1%
Masters Degree 11.7%
Some College 23.3%
Other 37.1%

1641 Eastridge Dr 7-103 Comps

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1641 Eastridge Dr 7-103, Anchorage, AK 99501 is a single family home of 855 sqft. HomeUnion INVESTimate® for 1641 Eastridge Dr 7-103 includes a Price Estimate of $162,037 and a Rent Estimate of $1,251. This single family home has 2 bedrooms,1 bathrooms, and was built in 1983. This property has an estimated 15 year annualized Yield of 9.26% and Total Return of 17.31%. The estimated 1 year forecast in home value for 1641 Eastridge Dr 7-103 is 3.99%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AK, ANCHORAGE County, or the 99501 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2