INVESTimate
$61,588
REAL ESTATE INVESTMENT PROPERTIES IN HOMEUNION
The following properties with Estimated Highest Gross Yields are available in markets where HomeUnion is currently offering investment properties.
904 E 9th Ave PROPERTY INFO
FACTS
- Built In 1950
- Price/Sqft : $175.38
CONSTRUCTION
- Beds : 2
- Floor Size : 1,020 sqft
- Baths : 2 Full
904 E 9th Ave SCHOOLS
Financial Details
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Fairview
Neighborhood : Fairview
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,626 per month.
MY RENT : $1,626 MEDIAN RENT : $1,579
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 $1,626 would therefore be considered affordable for annual household incomes greater than $65,040 (12 months x 3.333 x $1,626).
HOUSEHOLD INCOME RANGE
Approximately 663 of households in this neighborhood have a total annual income of $65,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,626 per month.
MINIMUM INCOME RANGE : $65,040
COMMUTE TIME DISTRIBUTION
53% of the working population has a commute time of 15 to 44 minutes, 43% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.
Fairview Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 10.4% |
Health Care & Social Assistance | 23.0% |
Professional & Scientific Tech Services | 6.7% |
Public Administration | 11.4% |
Retail & Wholesale Trader | 11.3% |
Transportation | 4.8% |
Other | 32.4% |
AGE DISTRIBUTION
57% of the population is between the ages of 25 and 64, 32% is 24 or younger and 11% is 65 or older.
Age | % Distribution |
---|---|
<15 | 17.0% |
15-19 | 6.0% |
20-24 | 8.5% |
25-44 | 31.3% |
45-65 | 25.8% |
66+ | 11.3% |
OCCUPATION
Occupation | % Distribution |
---|---|
Healthcare | 14.7% |
Management, Business, & Financial | 17.5% |
Natural Resources Maintenance | 7.4% |
PCare | 9.8% |
Production & Transportation | 8.1% |
Sales & Office | 19.2% |
Other | 23.2% |
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 | 8.5% |
High School | 28.4% |
Masters Degree | 3.7% |
Some College | 28.3% |
Some High School | 16.8% |
Other | 14.4% |
904 E 9th Ave Comps
904 E 9th Ave, Anchorage, AK 99501 is a single family home of 1,020 sqft. HomeUnion INVESTimate® for 904 E 9th Ave includes a Price Estimate of $178,886 and a Rent Estimate of $1,626. This single family home has 2 bedrooms,2 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 10.91% and Total Return of 19.76%. The estimated 1 year forecast in home value for 904 E 9th Ave 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