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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

308 E Cook Ave Anchorage, AK 99501

5 Beds 2 Baths 1,888 sqft Built 1964
Last updated:  Mar 30, 2018

INVESTimate

$400,772

$368K - $433K

Price Est.

$2,775

$2.4K - $3.1K

Rent Est.

$416,763  ( +3.99%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in markets where HomeUnion is currently offering investment properties.

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PROPERTY INFO

FACTS
  • Built In 1964
  • Price/Sqft : $212.27
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,888 sqft
  • Baths : 2 Full

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GOVERNMENT HILL ELEMENTARY SCHOOL Primary Regular 481 27 7
GOVERNMENT HILL ELEMENTARY SCHOOL Middle Regular 481 27 7
WEST HIGH SCHOOL High Regular 1,840 85 6

GOVERNMENT HILL ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 27
7
GreatSchools Rating

GOVERNMENT HILL ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 481
  • # of teachers: 27
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

Government Hill

  • 1,856

    POPULATION
  • 870

    HOUSEHOLDS
  • 55.7%

    WHITE COLLAR

Neighborhood : Government Hill

HOUSEHOLDS
870
POPULATION

1,856

80.1%Renters
19.9%Home Owners
LABOR FORCE

 

55.7%White Collar
44.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,775 per month.

MY RENT : $2,775 MEDIAN RENT : $2,172

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 8.5%
>=$1,500 91.5%
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 $2,775 would therefore be considered affordable for annual household incomes greater than $111,000 (12 months x 3.333 x $2,775).

Rent % Affordability
Above $500 82.0%
Above $700 75.2%
Above $1,100 57.2%
Above $1,500 39.5%
Above $1,900 32.4%
HOUSEHOLD INCOME RANGE

Approximately 106 of households in this neighborhood have a total annual income of $111,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,775 per month.

MINIMUM INCOME RANGE : $111,000

Income % Distribution
<$20K 18.0%
$20K-$35K 15.1%
$35K-$60K 27.4%
$60K-$100K 17.8%
>=$100K 21.8%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 11.8%
10-14 mins 15.5%
15-19 mins 32.5%
20-29 mins 28.8%
30-44 mins 5.8%
45-59 mins 1.1%
>60 mins 2.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,775 per month.

MY RENT : $2,775 MEDIAN RENT : $2,172

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 8.5%
>=$1,500 91.5%
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 $2,775 would therefore be considered affordable for annual household incomes greater than $111,000 (12 months x 3.333 x $2,775).

Rent % Affordability
Above $500 82.0%
Above $700 75.2%
Above $1,100 57.2%
Above $1,500 39.5%
Above $1,900 32.4%
HOUSEHOLD INCOME RANGE

Approximately 106 of households in this neighborhood have a total annual income of $111,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,775 per month.

MINIMUM INCOME RANGE : $111,000

Income % Distribution
<$20K 18.0%
$20K-$35K 15.1%
$35K-$60K 27.4%
$60K-$100K 17.8%
>=$100K 21.8%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 11.8%
10-14 mins 15.5%
15-19 mins 32.5%
20-29 mins 28.8%
30-44 mins 5.8%
45-59 mins 1.1%
>60 mins 2.0%

Demographics

INDUSTRY

Industry % Distribution
Administrative Support 10.5%
Arts & Entertainment 18.4%
Educational Services 7.7%
Health Care & Social Assistance 8.8%
Retail & Wholesale Trader 17.2%
Transportation 9.5%
Other 27.9%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 36% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 19.9%
15-19 4.7%
20-24 11.7%
25-44 26.5%
45-65 26.9%
66+ 10.3%
OCCUPATION

Occupation % Distribution
Adesm 5.8%
Education 7.9%
Management, Business, & Financial 12.5%
Natural Resources Maintenance 9.0%
Production & Transportation 10.5%
Sales & Office 27.5%
Other 26.9%
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 5.5%
High School 32.9%
Masters Degree 5.7%
Some College 24.2%
Some High School 10.7%
Other 21.0%

Comps

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