Financial Details101 Lake Rd PROPERTY INFO
FACTS
- Built In 1989
- Price/Sqft : $124.95
CONSTRUCTION
- Beds : 4
- Floor Size : 3,024 sqft
- Baths : 3 Full
PROPERTY DESCRIPTION
101 Lake Rd, Beech Mountain, NC 28604 is a single family home of 3,024 sqft. HomeUnion estimate for 101 Lake Rd includes a Price Estimate of $377,855 and a Rent Estimate of $2,071. This single family home has 4 bedrooms, 3 bathrooms, and was built in 1989. This property has an estimated 15 year annualized Yield of 6.58% and Total Return of 16.71%. The estimated 1 year forecast in home value for 101 Lake Rd is 1.84%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
101 Lake Rd SCHOOLS
Financial Details
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BANNER ELK
Neighborhood : BANNER ELK
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 31% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,071 per month.
MY RENT : $2,071 MEDIAN RENT : $1,197
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 $2,071 would therefore be considered affordable for annual household incomes greater than $82,840 (12 months x 3.333 x $2,071).
HOUSEHOLD INCOME RANGE
Approximately 738 of households in this neighborhood have a total annual income of $82,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,071 per month.
MINIMUM INCOME RANGE : $82,840
COMMUTE TIME DISTRIBUTION
57% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.
BANNER ELK Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 16.6% |
| Construction | 11.2% |
| Educational Services | 17.2% |
| Health Care & Social Assistance | 11.1% |
| Professional & Scientific Tech Services | 4.8% |
| Retail & Wholesale Trader | 14.2% |
| Other | 24.8% |
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 | 11.2% |
| 15-19 | 7.7% |
| 20-24 | 9.1% |
| 25-44 | 22.6% |
| 45-65 | 27.1% |
| 66+ | 22.2% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 6.6% |
| Healthcare | 12.0% |
| Management, Business, & Financial | 20.8% |
| Natural Resources Maintenance | 9.4% |
| Production & Transportation | 10.3% |
| Sales & Office | 19.8% |
| Other | 21.2% |
HIGHEST EDUCATION LEVEL
23% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.1% |
| High School | 18.4% |
| Masters Degree | 10.2% |
| Some College | 24.8% |
| Some High School | 10.8% |
| Other | 26.6% |
101 Lake Rd Comps
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