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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

105 2nd St Micro, NC 27555

2 Beds 1 Baths 832 sqft Built 1965
Last updated:  Oct 23, 2019

INVESTimate

$93,918

$88.9K - $99.0K

Price Est.

$645

609 - 681

Rent Est.

$98,041  ( +4.39%)   1 YR EST. FORECAST
  
  
  

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105 2nd St PROPERTY INFO

FACTS
  • Built In 1965
  • Price/Sqft : $112.88
CONSTRUCTION
  • Beds : 2
  • Floor Size : 832 sqft
  • Baths : 1 Full

105 2nd St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MICRO ELEMENTARY SCHOOL Primary Unknown NA
NORTH JOHNSTON MIDDLE SCHOOL Middle Regular 637 38 6
NORTH JOHNSTON HIGH SCHOOL High Regular 716 50 5

MICRO ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

NORTH JOHNSTON MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 38
6
GreatSchools Rating

NORTH JOHNSTON HIGH SCHOOL

  • Education Level: High
  • # of students: 716
  • # of teachers: 50
5
GreatSchools Rating
 

Financial Details

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Neighborhood

Forest Ridge Community

  • 50

    POPULATION
  • 21

    HOUSEHOLDS
  • 50.1%

    WHITE COLLAR

Neighborhood : Forest Ridge Community

HOUSEHOLDS
21
POPULATION

50

42.9%Renters
57.1%Home Owners
LABOR FORCE

 

50.1%White Collar
49.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $645 per month.

MY RENT : $645 MEDIAN RENT : $793

Rent % Distribution LEVEL
$500-699 11.1%
$700-899 59.3%
$900-999 7.4%
$1,000-1,499 22.2%
>=$1,500 0.0%
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 $645 would therefore be considered affordable for annual household incomes greater than $25,800 (12 months x 3.333 x $645).

Rent % Affordability
Above $500 61.1%
Above $700 57.8%
Above $1,100 50.0%
Above $1,500 27.8%
Above $1,900 21.8%
HOUSEHOLD INCOME RANGE

Approximately 28 of households in this neighborhood have a total annual income of $25,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $645 per month.

MINIMUM INCOME RANGE : $25,800

Income % Distribution
<$20K 38.9%
$20K-$35K 11.1%
$35K-$60K 22.2%
$60K-$100K 16.7%
>=$100K 11.1%
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.

Time (mins) % Distribution
<5 mins 8.7%
5-9 mins 0.0%
10-14 mins 21.7%
15-19 mins 13.0%
20-29 mins 21.7%
30-44 mins 17.4%
45-59 mins 8.7%
>60 mins 8.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $645 per month.

MY RENT : $645 MEDIAN RENT : $793

Rent % Distribution
$500-699 11.1%
$700-899 59.3%
$900-999 7.4%
$1,000-1,499 22.2%
>=$1,500 0.0%
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 $645 would therefore be considered affordable for annual household incomes greater than $25,800 (12 months x 3.333 x $645).

Rent % Affordability
Above $500 61.1%
Above $700 57.8%
Above $1,100 50.0%
Above $1,500 27.8%
Above $1,900 21.8%
HOUSEHOLD INCOME RANGE

Approximately 28 of households in this neighborhood have a total annual income of $25,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $645 per month.

MINIMUM INCOME RANGE : $25,800

Income % Distribution
<$20K 38.9%
$20K-$35K 11.1%
$35K-$60K 22.2%
$60K-$100K 16.7%
>=$100K 11.1%
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.

Time (mins) % Distribution
<5 mins 8.7%
5-9 mins 0.0%
10-14 mins 21.7%
15-19 mins 13.0%
20-29 mins 21.7%
30-44 mins 17.4%
45-59 mins 8.7%
>60 mins 8.7%

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%

105 2nd St Comps

Sorry, we do not have sufficient data available.

105 2nd St, Micro, NC 27555 is a single family home of 832 sqft. HomeUnion INVESTimateĀ® for 105 2nd St includes a Price Estimate of $93,918 and a Rent Estimate of $645. This single family home has 2 bedrooms,1 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 8.24% and Total Return of 17.43%. The estimated 1 year forecast in home value for 105 2nd St 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

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