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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

38 Alford Rd Cottondale, FL 32431

5 Beds 4 Baths 924 sqft Built 1980
Last updated:  Dec 26, 2019

INVESTimate

$174,611

$166K - $183K

Price Est.

$731

640 - 822

Rent Est.

$177,283  ( +1.53%)   1 YR EST. FORECAST
  
  
  

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38 Alford Rd PROPERTY INFO

FACTS
  • Built In 1980
  • Price/Sqft : $188.97
CONSTRUCTION
  • Beds : 5
  • Floor Size : 924 sqft
  • Baths : 4 Full

38 Alford Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
KATE M. SMITH ELEMENTARY SCHOOL Primary Regular 832 57 6
CHIPLEY HIGH SCHOOL High Regular 569 30 6

KATE M. SMITH ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 832
  • # of teachers: 57
6
GreatSchools Rating

CHIPLEY HIGH SCHOOL

  • Education Level: High
  • # of students: 569
  • # of teachers: 30
6
GreatSchools Rating
 

Financial Details

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Neighborhood

COTTONDALE

  • 4,265

    POPULATION
  • 1,755

    HOUSEHOLDS
  • 51.3%

    WHITE COLLAR

Neighborhood : COTTONDALE

HOUSEHOLDS
1,755
POPULATION

4,265

25.0%Renters
75.0%Home Owners
LABOR FORCE

 

51.3%White Collar
48.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $731 per month.

MY RENT : $731 MEDIAN RENT : $731

Rent % Distribution LEVEL
$500-699 35.6%
$700-899 39.4%
$900-999 9.7%
$1,000-1,499 15.3%
>=$1,500 0.0%
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 $731 would therefore be considered affordable for annual household incomes greater than $29,240 (12 months x 3.333 x $731).

Rent % Affordability
Above $500 75.5%
Above $700 63.7%
Above $1,100 44.5%
Above $1,500 29.0%
Above $1,900 18.6%
HOUSEHOLD INCOME RANGE

Approximately 4,354 of households in this neighborhood have a total annual income of $29,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $731 per month.

MINIMUM INCOME RANGE : $29,240

Income % Distribution
<$20K 24.5%
$20K-$35K 21.2%
$35K-$60K 25.4%
$60K-$100K 18.4%
>=$100K 10.5%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 4.3%
10-14 mins 15.7%
15-19 mins 18.8%
20-29 mins 20.4%
30-44 mins 23.9%
45-59 mins 6.8%
>60 mins 8.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $731 per month.

MY RENT : $731 MEDIAN RENT : $731

Rent % Distribution
$500-699 35.6%
$700-899 39.4%
$900-999 9.7%
$1,000-1,499 15.3%
>=$1,500 0.0%
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 $731 would therefore be considered affordable for annual household incomes greater than $29,240 (12 months x 3.333 x $731).

Rent % Affordability
Above $500 75.5%
Above $700 63.7%
Above $1,100 44.5%
Above $1,500 29.0%
Above $1,900 18.6%
HOUSEHOLD INCOME RANGE

Approximately 4,354 of households in this neighborhood have a total annual income of $29,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $731 per month.

MINIMUM INCOME RANGE : $29,240

Income % Distribution
<$20K 24.5%
$20K-$35K 21.2%
$35K-$60K 25.4%
$60K-$100K 18.4%
>=$100K 10.5%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 4.3%
10-14 mins 15.7%
15-19 mins 18.8%
20-29 mins 20.4%
30-44 mins 23.9%
45-59 mins 6.8%
>60 mins 8.3%

COTTONDALE Demographics

INDUSTRY

Industry % Distribution
Construction 9.9%
Educational Services 8.3%
Health Care & Social Assistance 17.6%
Public Administration 8.8%
Retail & Wholesale Trader 19.1%
Transportation 8.3%
Other 28.0%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 28% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 18.5%
15-19 4.5%
20-24 5.0%
25-44 23.2%
45-65 27.3%
66+ 21.5%
OCCUPATION

Occupation % Distribution
Healthcare 9.5%
Management, Business, & Financial 10.8%
Natural Resources Maintenance 13.7%
Production & Transportation 12.2%
Protect 5.5%
Sales & Office 31.1%
Other 17.1%
HIGHEST EDUCATION LEVEL

9% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.7%
High School 43.4%
Masters Degree 2.4%
Some College 22.9%
Some High School 19.2%
Other 6.5%

38 Alford Rd Comps

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38 Alford Rd, Cottondale, FL 32431 is a single family home of 924 sqft. HomeUnion INVESTimateĀ® for 38 Alford Rd includes a Price Estimate of $174,611 and a Rent Estimate of $731. This single family home has 5 bedrooms,4 bathrooms, and was built in 1980. This property has an estimated 15 year annualized Yield of 5.02% and Total Return of 8.93%. The estimated 1 year forecast in home value for 38 Alford Rd is 1.53%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , WASHINGTON County , or the 32431 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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