REAL ESTATE INVESTMENT PROPERTIES IN HOMEUNION
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750 W 16th Ave 6 PROPERTY INFO
FACTS
- Built In 1977
- Price/Sqft : $191.63
CONSTRUCTION
- Beds : 2
- Floor Size : 1,400 sqft
- Baths : 2 Full 1 Half
750 W 16th Ave 6 SCHOOLS
Financial Details
See Financial Details
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South Anchorage
Neighborhood : South Anchorage
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 $2,181 per month.
MY RENT : $2,181 MEDIAN RENT : $2,120
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 $2,181 would therefore be considered affordable for annual household incomes greater than $87,240 (12 months x 3.333 x $2,181).
HOUSEHOLD INCOME RANGE
Approximately 912 of households in this neighborhood have a total annual income of $87,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,181 per month.
MINIMUM INCOME RANGE : $87,240
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.
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% |
750 W 16th Ave 6 Comps
750 W 16th Ave 6, Anchorage, AK 99501 is a single family home of 1,400 sqft. HomeUnion INVESTimate® for 750 W 16th Ave 6 includes a Price Estimate of $268,279 and a Rent Estimate of $2,181. This single family home has 2 bedrooms,3 bathrooms, and was built in 1977. This property has an estimated 15 year annualized Yield of 9.76% and Total Return of 19.24%. The estimated 1 year forecast in home value for 750 W 16th Ave 6 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