INVESTimate
$91,069
106 Glen Rd PROPERTY INFO
FACTS
- Built In 1968
- Price/Sqft : $87.36
CONSTRUCTION
- Beds : 2
- Floor Size : 3,437 sqft
- Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
106 Glen Rd, Troy, NC 27371 is a single family home of 3,437 sqft. HomeUnion estimate for 106 Glen Rd includes a Price Estimate of $300,259 and a Rent Estimate of $981. This single family home has 2 bedrooms, 2 bathrooms, and was built in 1968. This property has an estimated 15 year annualized Yield of 3.92% and Total Return of 7.59%. The estimated 1 year forecast in home value for 106 Glen Rd is 1.46%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
106 Glen Rd SCHOOLS
Financial Details
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TROY
Neighborhood : TROY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 16% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $981 per month.
MY RENT : $981 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 $981 would therefore be considered affordable for annual household incomes greater than $39,240 (12 months x 3.333 x $981).
HOUSEHOLD INCOME RANGE
Approximately 1,281 of households in this neighborhood have a total annual income of $39,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $981 per month.
MINIMUM INCOME RANGE : $39,240
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% |
106 Glen Rd Comps
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