INVESTimate
$29,495
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103 Dwight Dr PROPERTY INFO
FACTS
- Built In 1964
- Price/Sqft : $78.60
CONSTRUCTION
- Beds : 2
- Floor Size : 864 sqft
- Baths : 1 Full
103 Dwight Dr SCHOOLS
Financial Details
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Forest Ridge Community
Neighborhood : Forest Ridge Community
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $656 per month.
MY RENT : $656 MEDIAN RENT : $793
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 $656 would therefore be considered affordable for annual household incomes greater than $26,240 (12 months x 3.333 x $656).
HOUSEHOLD INCOME RANGE
Approximately 28 of households in this neighborhood have a total annual income of $26,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $656 per month.
MINIMUM INCOME RANGE : $26,240
COMMUTE TIME DISTRIBUTION
52% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.
Forest Ridge Community Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 23.8% |
| Health Care & Social Assistance | 9.5% |
| Manufacturing | 19.0% |
| Public Administration | 4.8% |
| Retail & Wholesale Trader | 14.3% |
| Transportation | 9.5% |
| Other | 19.0% |
AGE DISTRIBUTION
48% of the population is between the ages of 25 and 64, 34% is 24 or younger and 18% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 28.0% |
| 15-19 | 2.0% |
| 20-24 | 4.0% |
| 25-44 | 30.0% |
| 45-65 | 18.0% |
| 66+ | 18.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 7.7% |
| Healthcare | 7.7% |
| Natural Resources Maintenance | 7.7% |
| Production & Transportation | 30.8% |
| Sales & Office | 46.2% |
| Social | 0.0% |
| Other | 0.0% |
HIGHEST EDUCATION LEVEL
19% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 18.9% |
| High School | 45.9% |
| Professional | 0.0% |
| Some College | 21.6% |
| Some High School | 10.8% |
| Other | 2.7% |
103 Dwight Dr Comps
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103 Dwight Dr, Micro, NC 27555 is a single family home of 864 sqft. HomeUnion INVESTimateĀ® for 103 Dwight Dr includes a Price Estimate of $67,907 and a Rent Estimate of $656. This single family home has 2 bedrooms,1 bathrooms, and was built in 1964. This property has an estimated 15 year annualized Yield of 11.59% and Total Return of 21.92%. The estimated 1 year forecast in home value for 103 Dwight Dr is 4.39%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , JOHNSTON County , or the 27555 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
