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104 Carr Store Rd PROPERTY INFO
FACTS
- Built In 1941
- Price/Sqft : $146.56
CONSTRUCTION
- Beds : 2
- Floor Size : 1,102 sqft
- Baths : 1 Full
104 Carr Store Rd SCHOOLS
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Financial Details
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CEDAR GROVE
Neighborhood : CEDAR GROVE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $974 per month.
MY RENT : $974 MEDIAN RENT : $1,204
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 $974 would therefore be considered affordable for annual household incomes greater than $38,960 (12 months x 3.333 x $974).
HOUSEHOLD INCOME RANGE
Approximately 468 of households in this neighborhood have a total annual income of $38,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $974 per month.
MINIMUM INCOME RANGE : $38,960
COMMUTE TIME DISTRIBUTION
71% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.
CEDAR GROVE Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 8.9% |
| Educational Services | 16.3% |
| Health Care & Social Assistance | 14.4% |
| Manufacturing | 9.2% |
| Professional & Scientific Tech Services | 7.0% |
| Retail & Wholesale Trader | 14.0% |
| Other | 30.2% |
AGE DISTRIBUTION
51% of the population is between the ages of 25 and 64, 27% is 24 or younger and 23% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 14.0% |
| 15-19 | 6.6% |
| 20-24 | 6.0% |
| 25-44 | 18.6% |
| 45-65 | 32.0% |
| 66+ | 22.8% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 9.3% |
| Healthcare | 9.5% |
| Management, Business, & Financial | 17.2% |
| Natural Resources Maintenance | 14.9% |
| Production & Transportation | 12.4% |
| Sales & Office | 21.0% |
| Other | 15.6% |
HIGHEST EDUCATION LEVEL
21% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 11.7% |
| High School | 31.0% |
| Masters Degree | 6.9% |
| Some College | 16.4% |
| Some High School | 13.0% |
| Other | 21.0% |
104 Carr Store Rd Comps
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104 Carr Store Rd, Cedar Grove, NC 27231 is a single family home of 1,102 sqft. HomeUnion INVESTimateĀ® for 104 Carr Store Rd includes a Price Estimate of $161,505 and a Rent Estimate of $974. This single family home has 2 bedrooms,1 bathrooms, and was built in 1941. This property has an estimated 15 year annualized Yield of 7.24% and Total Return of 17.21%. The estimated 1 year forecast in home value for 104 Carr Store Rd is 2.6%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , ORANGE County , or the 27231 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
