Financial DetailsOTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
106 Laurel Ln PROPERTY INFO
FACTS
- Built In 2007
- Price/Sqft : $87.41
CONSTRUCTION
- Beds : 4
- Floor Size : 2,464 sqft
- Baths : 4 Full
106 Laurel Ln SCHOOLS
Financial Details
See Financial Details
To review the detailed projections for this property, sign up for a FREE account
BANNER ELK
Neighborhood : BANNER ELK
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 31% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,379 per month.
MY RENT : $2,379 MEDIAN RENT : $1,197
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 $2,379 would therefore be considered affordable for annual household incomes greater than $95,160 (12 months x 3.333 x $2,379).
HOUSEHOLD INCOME RANGE
Approximately 657 of households in this neighborhood have a total annual income of $95,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,379 per month.
MINIMUM INCOME RANGE : $95,160
COMMUTE TIME DISTRIBUTION
57% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.
BANNER ELK Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 16.6% |
| Construction | 11.2% |
| Educational Services | 17.2% |
| Health Care & Social Assistance | 11.1% |
| Professional & Scientific Tech Services | 4.8% |
| Retail & Wholesale Trader | 14.2% |
| Other | 24.8% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 28% is 24 or younger and 22% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 11.2% |
| 15-19 | 7.7% |
| 20-24 | 9.1% |
| 25-44 | 22.6% |
| 45-65 | 27.1% |
| 66+ | 22.2% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 6.6% |
| Healthcare | 12.0% |
| Management, Business, & Financial | 20.8% |
| Natural Resources Maintenance | 9.4% |
| Production & Transportation | 10.3% |
| Sales & Office | 19.8% |
| Other | 21.2% |
HIGHEST EDUCATION LEVEL
23% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.1% |
| High School | 18.4% |
| Masters Degree | 10.2% |
| Some College | 24.8% |
| Some High School | 10.8% |
| Other | 26.6% |
106 Laurel Ln Comps
Sorry, we do not have sufficient data available.
106 Laurel Ln, Beech Mountain, NC 28604 is a single family home of 2,464 sqft. HomeUnion INVESTimateĀ® for 106 Laurel Ln includes a Price Estimate of $215,369 and a Rent Estimate of $2,379. This single family home has 4 bedrooms,4 bathrooms, and was built in 2007. This property has an estimated 15 year annualized Yield of 13.26% and Total Return of 32.30%. The estimated 1 year forecast in home value for 106 Laurel Ln is 1.84%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , WATAUGA County , or the 28604 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
