1. < Cook Inlet Loop

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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

268 Cook Inlet Loop 3b Anchorage, AK 99501

2 Beds 3 Baths 1,794 sqft Built 2007
Last updated:  May 30, 2018

INVESTimate

$324,572

$276K - $373K

Price Est.

$2,439

$2.2K - $2.7K

Rent Est.

$102,380

Investment Est.

$337,522  ( +3.99%)   1 YR EST. FORECAST

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268 Cook Inlet Loop 3b PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $180.92
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,794 sqft
  • Baths : 2 Full 1 Half

268 Cook Inlet Loop 3b SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
DENALI MONTESSORI SCHOOL Primary Alternative 421 26 7
DENALI MONTESSORI SCHOOL Middle Alternative 421 26 7
WEST HIGH SCHOOL High Regular 1,840 85 6

DENALI MONTESSORI SCHOOL

  • Education Level: Primary
  • # of students: 421
  • # of teachers: 26
7
GreatSchools Rating

DENALI MONTESSORI SCHOOL

  • Education Level: Middle
  • # of students: 421
  • # of teachers: 26
7
GreatSchools Rating

WEST HIGH SCHOOL

  • Education Level: High
  • # of students: 1,840
  • # of teachers: 85
6
GreatSchools Rating
 

Financial Details

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Neighborhood

South Anchorage

  • 3,702

    POPULATION

  • 1,966

    HOUSEHOLDS

  • 75.7%

    WHITE COLLAR

Neighborhood : South Anchorage

HOUSEHOLDS
1,966
POPULATION

3,702

48.1%Renters
51.9%Home Owners
LABOR FORCE

 

75.7%White Collar
24.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,439 per month.

MY RENT : $2,439 MEDIAN RENT : $2,120

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 13.1%
>=$1,500 86.9%
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 $2,439 would therefore be considered affordable for annual household incomes greater than $97,560 (12 months x 3.333 x $2,439).

Rent % Affordability
Above $500 92.2%
Above $700 87.7%
Above $1,100 78.3%
Above $1,500 71.2%
Above $1,900 57.1%
HOUSEHOLD INCOME RANGE

Approximately 854 of households in this neighborhood have a total annual income of $97,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,439 per month.

MINIMUM INCOME RANGE : $97,560

Income % Distribution
<$20K 7.8%
$20K-$35K 8.0%
$35K-$60K 13.1%
$60K-$100K 28.5%
>=$100K 42.7%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 50% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 20.9%
10-14 mins 27.8%
15-19 mins 29.1%
20-29 mins 13.4%
30-44 mins 3.5%
45-59 mins 1.1%
>60 mins 2.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,439 per month.

MY RENT : $2,439 MEDIAN RENT : $2,120

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 13.1%
>=$1,500 86.9%
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 $2,439 would therefore be considered affordable for annual household incomes greater than $97,560 (12 months x 3.333 x $2,439).

Rent % Affordability
Above $500 92.2%
Above $700 87.7%
Above $1,100 78.3%
Above $1,500 71.2%
Above $1,900 57.1%
HOUSEHOLD INCOME RANGE

Approximately 854 of households in this neighborhood have a total annual income of $97,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,439 per month.

MINIMUM INCOME RANGE : $97,560

Income % Distribution
<$20K 7.8%
$20K-$35K 8.0%
$35K-$60K 13.1%
$60K-$100K 28.5%
>=$100K 42.7%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 50% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 20.9%
10-14 mins 27.8%
15-19 mins 29.1%
20-29 mins 13.4%
30-44 mins 3.5%
45-59 mins 1.1%
>60 mins 2.7%
South Anchorage Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 7.2%
Educational Services 8.1%
Health Care & Social Assistance 19.4%
Professional & Scientific Tech Services 14.2%
Public Administration 6.4%
Retail & Wholesale Trader 10.9%
Other 34.0%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 12.3%
Healthcare 11.1%
Management, Business, & Financial 28.7%
Natural Resources Maintenance 7.4%
Production & Transportation 6.1%
Sales & Office 16.9%
Other 17.5%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 7.6%
15-19 2.6%
20-24 7.5%
25-44 29.4%
45-65 32.2%
66+ 20.7%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor?s degree or higher.

Education Level % Distribution
Associates Degree 5.1%
High School 12.6%
Masters Degree 13.0%
Professional 9.3%
Some College 22.4%
Other 37.6%

South Anchorage Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.2%
Educational Services 8.1%
Health Care & Social Assistance 19.4%
Professional & Scientific Tech Services 14.2%
Public Administration 6.4%
Retail & Wholesale Trader 10.9%
Other 34.0%
AGE DISTRIBUTION

62% of the population is between the ages of 25 and 64, 18% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 7.6%
15-19 2.6%
20-24 7.5%
25-44 29.4%
45-65 32.2%
66+ 20.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 12.3%
Healthcare 11.1%
Management, Business, & Financial 28.7%
Natural Resources Maintenance 7.4%
Production & Transportation 6.1%
Sales & Office 16.9%
Other 17.5%
HIGHEST EDUCATION LEVEL

30% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.1%
High School 12.6%
Masters Degree 13.0%
Professional 9.3%
Some College 22.4%
Other 37.6%

268 Cook Inlet Loop 3b Comps

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268 Cook Inlet Loop 3b, Anchorage, AK 99501 is a single family home of 1,794 sqft. HomeUnion INVESTimate® for 268 Cook Inlet Loop 3b includes a Price Estimate of $324,572 and a Rent Estimate of $2,439. This single family home has 2 bedrooms,3 bathrooms, and was built in 2007. This property has an estimated 15 year annualized Yield of 9.02% and Total Return of 17.57%. The estimated 1 year forecast in home value for 268 Cook Inlet Loop 3b 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

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