Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

114 Teaberry Trl Beech Mountain, NC 28604

3 Beds 3 Baths 2,157 sqft Built 1971
Last updated:  Jan 23, 2020

INVESTimate

$189,444

$178K - $201K

Price Est.

$1,381

$1.2K - $1.6K

Rent Est.

$192,930  ( +1.84%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 1927 MACONDRAY DRIVE Humble, TX
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 2009 ∙ 1units 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 2009 ∙ 1units
    AVAILABLE
    • 19.65% GROSS YIELD
    • $7,394 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $95,900
    • $31,164
    • $1,570
  • 27440 N ALMA SCHOOL PARKWAY #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 ∙ 1units 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 ∙ 1units
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 4338 KENMORE ROAD Indianapolis, IN
    • 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1959 ∙ 1units 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1959 ∙ 1units
    AVAILABLE
    • 14.13% GROSS YIELD
    • $6,112 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $79,000
    • $26,685
    • $930
  • 2801 Snapfinger MANOR Decatur, GA
    • 4 beds 3 baths ∙ 1,368 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,368 Sqft ∙ Built 2003
    AVAILABLE
    • 14.03% GROSS YIELD
    • $8,209 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $124,000
    • $38,610
    • $1,450

114 Teaberry Trl PROPERTY INFO

FACTS
  • Built In 1971
  • Price/Sqft : $87.83
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,157 sqft
  • Baths : 3 Full

114 Teaberry Trl 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

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

BANNER ELK

  • 7,021

    POPULATION
  • 2,997

    HOUSEHOLDS
  • 65.6%

    WHITE COLLAR

Neighborhood : BANNER ELK

HOUSEHOLDS
2,997
POPULATION

7,021

27.3%Renters
72.7%Home Owners
LABOR FORCE

 

65.6%White Collar
34.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,381 per month.

MY RENT : $1,381 MEDIAN RENT : $1,197

Rent % Distribution LEVEL
$500-699 3.2%
$700-899 9.8%
$900-999 6.1%
$1,000-1,499 49.5%
>=$1,500 31.4%
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 $1,381 would therefore be considered affordable for annual household incomes greater than $55,240 (12 months x 3.333 x $1,381).

Rent % Affordability
Above $500 83.0%
Above $700 74.8%
Above $1,100 56.6%
Above $1,500 42.8%
Above $1,900 31.9%
HOUSEHOLD INCOME RANGE

Approximately 1,341 of households in this neighborhood have a total annual income of $55,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,381 per month.

MINIMUM INCOME RANGE : $55,240

Income % Distribution
<$20K 17.0%
$20K-$35K 16.0%
$35K-$60K 24.2%
$60K-$100K 22.0%
>=$100K 20.9%
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.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 13.9%
10-14 mins 15.2%
15-19 mins 16.0%
20-29 mins 21.4%
30-44 mins 19.3%
45-59 mins 5.0%
>60 mins 4.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,381 per month.

MY RENT : $1,381 MEDIAN RENT : $1,197

Rent % Distribution
$500-699 3.2%
$700-899 9.8%
$900-999 6.1%
$1,000-1,499 49.5%
>=$1,500 31.4%
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 $1,381 would therefore be considered affordable for annual household incomes greater than $55,240 (12 months x 3.333 x $1,381).

Rent % Affordability
Above $500 83.0%
Above $700 74.8%
Above $1,100 56.6%
Above $1,500 42.8%
Above $1,900 31.9%
HOUSEHOLD INCOME RANGE

Approximately 1,341 of households in this neighborhood have a total annual income of $55,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,381 per month.

MINIMUM INCOME RANGE : $55,240

Income % Distribution
<$20K 17.0%
$20K-$35K 16.0%
$35K-$60K 24.2%
$60K-$100K 22.0%
>=$100K 20.9%
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.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 13.9%
10-14 mins 15.2%
15-19 mins 16.0%
20-29 mins 21.4%
30-44 mins 19.3%
45-59 mins 5.0%
>60 mins 4.4%

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%

114 Teaberry Trl Comps

Sorry, we do not have sufficient data available.

114 Teaberry Trl, Beech Mountain, NC 28604 is a single family home of 2,157 sqft. HomeUnion INVESTimateĀ® for 114 Teaberry Trl includes a Price Estimate of $189,444 and a Rent Estimate of $1,381. This single family home has 3 bedrooms,3 bathrooms, and was built in 1971. This property has an estimated 15 year annualized Yield of 8.75% and Total Return of 20.82%. The estimated 1 year forecast in home value for 114 Teaberry Trl 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

Nearest zipcodes within 2 miles

  1. 28607
  2. 28622
  3. 28657