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This page contains information about each property aggregated from public data sources, 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.

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This page contains information about each property aggregated from public data sources, 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.

111 Lakeledge Rd Beech Mountain, NC 28604

2 Beds 3 Baths 800 sqft Built 1973
Last updated:  Jan 23, 2020

INVESTimate

$209,856

$199K - $221K

Price Est.

$1,056

922 - $1.2K

Rent Est.

$213,717  ( +1.84%)   1 YR EST. FORECAST

111 Lakeledge Rd PROPERTY INFO

FACTS
  • Built In 1973
  • Price/Sqft : $262.32
CONSTRUCTION
  • Beds : 2
  • Floor Size : 800 sqft
  • Baths : 3 Full
PROPERTY DESCRIPTION
111 Lakeledge Rd, Beech Mountain, NC 28604 is a single family home of 800 sqft. HomeUnion estimate for 111 Lakeledge Rd includes a Price Estimate of $209,856 and a Rent Estimate of $1,056. This single family home has 2 bedrooms, 3 bathrooms, and was built in 1973. This property has an estimated 15 year annualized Yield of 6.04% and Total Return of 14.64%. The estimated 1 year forecast in home value for 111 Lakeledge Rd is 1.84%.
  
  
  

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111 Lakeledge Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WATAUGA HIGH SCHOOL High Regular 1,442 101 7

WATAUGA HIGH SCHOOL

  • Education Level: High
  • # of students: 1,442
  • # of teachers: 101
7
GreatSchools Rating
 

Financial Details

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Neighborhood

BANNER ELK

  • 6,765

    POPULATION
  • 2,900

    HOUSEHOLDS
  • 65.1%

    WHITE COLLAR

Neighborhood : BANNER ELK

HOUSEHOLDS
2,900
POPULATION

6,765

28.3%Renters
71.7%Home Owners
LABOR FORCE

 

65.1%White Collar
34.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,056 per month.

MY RENT : $1,056 MEDIAN RENT : $1,242

Rent % Distribution LEVEL
$500-699 3.4%
$700-899 10.3%
$900-999 7.1%
$1,000-1,499 45.8%
>=$1,500 33.4%
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 $1,056 would therefore be considered affordable for annual household incomes greater than $42,240 (12 months x 3.333 x $1,056).

Rent % Affordability
Above $500 80.9%
Above $700 72.1%
Above $1,100 57.6%
Above $1,500 40.3%
Above $1,900 32.1%
HOUSEHOLD INCOME RANGE

Approximately 1,381 of households in this neighborhood have a total annual income of $42,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,056 per month.

MINIMUM INCOME RANGE : $42,240

Income % Distribution
<$20K 19.1%
$20K-$35K 15.7%
$35K-$60K 24.9%
$60K-$100K 22.1%
>=$100K 18.2%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.6%
5-9 mins 15.6%
10-14 mins 15.9%
15-19 mins 13.7%
20-29 mins 19.8%
30-44 mins 19.6%
45-59 mins 5.7%
>60 mins 5.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,056 per month.

MY RENT : $1,056 MEDIAN RENT : $1,242

Rent % Distribution
$500-699 3.4%
$700-899 10.3%
$900-999 7.1%
$1,000-1,499 45.8%
>=$1,500 33.4%
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 $1,056 would therefore be considered affordable for annual household incomes greater than $42,240 (12 months x 3.333 x $1,056).

Rent % Affordability
Above $500 80.9%
Above $700 72.1%
Above $1,100 57.6%
Above $1,500 40.3%
Above $1,900 32.1%
HOUSEHOLD INCOME RANGE

Approximately 1,381 of households in this neighborhood have a total annual income of $42,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,056 per month.

MINIMUM INCOME RANGE : $42,240

Income % Distribution
<$20K 19.1%
$20K-$35K 15.7%
$35K-$60K 24.9%
$60K-$100K 22.1%
>=$100K 18.2%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.6%
5-9 mins 15.6%
10-14 mins 15.9%
15-19 mins 13.7%
20-29 mins 19.8%
30-44 mins 19.6%
45-59 mins 5.7%
>60 mins 5.0%

BANNER ELK Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 13.5%
Construction 11.4%
Educational Services 15.1%
Health Care & Social Assistance 10.4%
Professional & Scientific Tech Services 6.5%
Retail & Wholesale Trader 16.3%
Other 26.7%
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 12.8%
15-19 9.5%
20-24 5.8%
25-44 21.3%
45-65 28.4%
66+ 22.2%
OCCUPATION

Occupation % Distribution
Construction 7.5%
Healthcare 9.7%
Management, Business, & Financial 18.3%
Natural Resources Maintenance 8.9%
Production & Transportation 9.2%
Sales & Office 25.4%
Other 21.0%
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 7.8%
High School 17.6%
Masters Degree 10.8%
Some College 25.6%
Some High School 12.2%
Other 26.0%

111 Lakeledge Rd Comps

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