INVESTimate
$43,562
Financial Details1129 Cleveland Ave PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $114.57
CONSTRUCTION
- Beds : 0
- Floor Size : 1,056 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
1129 Cleveland Ave, Grover, NC 28073 is a single family home of 1,056 sqft. HomeUnion estimate for 1129 Cleveland Ave includes a Price Estimate of $120,987 and a Rent Estimate of $675. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1984. This property has an estimated 15 year annualized Yield of 6.69% and Total Return of 12.28%. The estimated 1 year forecast in home value for 1129 Cleveland Ave is 1.43%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1129 Cleveland Ave SCHOOLS
Financial Details
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GROVER
Neighborhood : GROVER
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $675 per month.
MY RENT : $675 MEDIAN RENT : $737
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 $675 would therefore be considered affordable for annual household incomes greater than $27,000 (12 months x 3.333 x $675).
HOUSEHOLD INCOME RANGE
Approximately 4,215 of households in this neighborhood have a total annual income of $27,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $675 per month.
MINIMUM INCOME RANGE : $27,000
COMMUTE TIME DISTRIBUTION
63% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.
GROVER Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 6.6% |
| Educational Services | 6.2% |
| Health Care & Social Assistance | 7.5% |
| Manufacturing | 23.1% |
| Public Administration | 6.0% |
| Retail & Wholesale Trader | 25.1% |
| Other | 25.5% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 34% is 24 or younger and 14% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 18.5% |
| 15-19 | 9.9% |
| 20-24 | 5.4% |
| 25-44 | 25.1% |
| 45-65 | 26.6% |
| 66+ | 14.5% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 5.1% |
| Management, Business, & Financial | 14.1% |
| Natural Resources Maintenance | 7.8% |
| Production & Transportation | 32.6% |
| Protect | 5.9% |
| Sales & Office | 20.7% |
| Other | 13.9% |
HIGHEST EDUCATION LEVEL
13% 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 | 40.3% |
| Masters Degree | 4.6% |
| Some College | 26.2% |
| Some High School | 16.8% |
| Other | 4.4% |
1129 Cleveland Ave Comps
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