INVESTimate
$72,155
Financial Details102 Charles St PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $102.55
CONSTRUCTION
- Beds : 3
- Floor Size : 2,232 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
102 Charles St, Troy, NC 27371 is a single family home of 2,232 sqft. HomeUnion estimate for 102 Charles St includes a Price Estimate of $228,887 and a Rent Estimate of $1,300. This single family home has 3 bedrooms, 2 bathrooms, and was built in 2003. This property has an estimated 15 year annualized Yield of 6.82% and Total Return of 15.36%. The estimated 1 year forecast in home value for 102 Charles St is 1.46%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
102 Charles St SCHOOLS
Financial Details
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TROY
Neighborhood : TROY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 8% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,300 per month.
MY RENT : $1,300 MEDIAN RENT : $745
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 $1,300 would therefore be considered affordable for annual household incomes greater than $52,000 (12 months x 3.333 x $1,300).
HOUSEHOLD INCOME RANGE
Approximately 1,137 of households in this neighborhood have a total annual income of $52,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,300 per month.
MINIMUM INCOME RANGE : $52,000
COMMUTE TIME DISTRIBUTION
44% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.
TROY Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 9.4% |
| Educational Services | 13.0% |
| Health Care & Social Assistance | 11.1% |
| Manufacturing | 18.3% |
| Public Administration | 9.9% |
| Retail & Wholesale Trader | 10.7% |
| Other | 27.6% |
AGE DISTRIBUTION
55% of the population is between the ages of 25 and 64, 29% is 24 or younger and 17% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 19.5% |
| 15-19 | 4.4% |
| 20-24 | 4.6% |
| 25-44 | 27.0% |
| 45-65 | 27.7% |
| 66+ | 16.8% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 9.8% |
| Management, Business, & Financial | 9.9% |
| Natural Resources Maintenance | 14.3% |
| Production & Transportation | 20.6% |
| Protect | 8.1% |
| Sales & Office | 17.0% |
| Other | 20.3% |
HIGHEST EDUCATION LEVEL
14% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.7% |
| High School | 29.3% |
| Masters Degree | 3.1% |
| Some College | 28.1% |
| Some High School | 15.9% |
| Other | 13.8% |
102 Charles St Comps
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