INVESTimate
$121,558
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842 Cedar St PROPERTY INFO
FACTS
- Built In 1964
- Price/Sqft : $143.98
CONSTRUCTION
- Beds : 6
- Floor Size : 2,730 sqft
- Baths : 3 Full
842 Cedar St SCHOOLS
Financial Details
See Financial Details
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Government Hill
Neighborhood : Government Hill
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 $3,025 per month.
MY RENT : $3,025 MEDIAN RENT : $2,172
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 $3,025 would therefore be considered affordable for annual household incomes greater than $121,000 (12 months x 3.333 x $3,025).
HOUSEHOLD INCOME RANGE
Approximately 98 of households in this neighborhood have a total annual income of $121,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,025 per month.
MINIMUM INCOME RANGE : $121,000
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.
Government Hill 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% |
842 Cedar St Comps
842 Cedar St, Anchorage, AK 99501 is a single family home of 2,730 sqft. HomeUnion INVESTimate® for 842 Cedar St includes a Price Estimate of $393,065 and a Rent Estimate of $3,025. This single family home has 6 bedrooms,3 bathrooms, and was built in 1964. This property has an estimated 15 year annualized Yield of 9.24% and Total Return of 18.51%. The estimated 1 year forecast in home value for 842 Cedar St 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