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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

11470 Shannon Rd Shannon, NC 28386

4 Beds 2 Baths 1,756 sqft Built 1963
Last updated:  Jan 23, 2020

INVESTimate

$134,026

$123K - $145K

Price Est.

$848

769 - 927

Rent Est.

$130,850  ( -2.37%)   1 YR EST. FORECAST
  
  
  

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11470 Shannon Rd PROPERTY INFO

FACTS
  • Built In 1963
  • Price/Sqft : $76.32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,756 sqft
  • Baths : 2 Full

11470 Shannon Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PARKTON ELEMENTARY SCHOOL Primary Regular 628 32 NA
PARKTON ELEMENTARY SCHOOL Middle Regular 628 32 NA
EARLY COLLEGE HIGH SCHOOL High Regular 164 10 NA

PARKTON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 628
  • # of teachers: 32
-1
GreatSchools Rating

PARKTON ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 628
  • # of teachers: 32
-1
GreatSchools Rating

EARLY COLLEGE HIGH SCHOOL

  • Education Level: High
  • # of students: 164
  • # of teachers: 10
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

SHANNON

  • 6,368

    POPULATION
  • 1,993

    HOUSEHOLDS
  • 41.5%

    WHITE COLLAR

Neighborhood : SHANNON

HOUSEHOLDS
1,993
POPULATION

6,368

32.5%Renters
67.5%Home Owners
LABOR FORCE

 

41.5%White Collar
58.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 40% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $848 per month.

MY RENT : $848 MEDIAN RENT : $779

Rent % Distribution LEVEL
$500-699 20.7%
$700-899 52.9%
$900-999 7.7%
$1,000-1,499 18.7%
>=$1,500 0.0%
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 $848 would therefore be considered affordable for annual household incomes greater than $33,920 (12 months x 3.333 x $848).

Rent % Affordability
Above $500 68.2%
Above $700 55.0%
Above $1,100 33.6%
Above $1,500 21.0%
Above $1,900 12.8%
HOUSEHOLD INCOME RANGE

Approximately 5,143 of households in this neighborhood have a total annual income of $33,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $848 per month.

MINIMUM INCOME RANGE : $33,920

Income % Distribution
<$20K 31.8%
$20K-$35K 23.6%
$35K-$60K 23.6%
$60K-$100K 15.0%
>=$100K 6.0%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.7%
5-9 mins 8.1%
10-14 mins 12.4%
15-19 mins 12.8%
20-29 mins 24.3%
30-44 mins 20.9%
45-59 mins 12.8%
>60 mins 8.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 40% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $848 per month.

MY RENT : $848 MEDIAN RENT : $779

Rent % Distribution
$500-699 20.7%
$700-899 52.9%
$900-999 7.7%
$1,000-1,499 18.7%
>=$1,500 0.0%
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 $848 would therefore be considered affordable for annual household incomes greater than $33,920 (12 months x 3.333 x $848).

Rent % Affordability
Above $500 68.2%
Above $700 55.0%
Above $1,100 33.6%
Above $1,500 21.0%
Above $1,900 12.8%
HOUSEHOLD INCOME RANGE

Approximately 5,143 of households in this neighborhood have a total annual income of $33,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $848 per month.

MINIMUM INCOME RANGE : $33,920

Income % Distribution
<$20K 31.8%
$20K-$35K 23.6%
$35K-$60K 23.6%
$60K-$100K 15.0%
>=$100K 6.0%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.7%
5-9 mins 8.1%
10-14 mins 12.4%
15-19 mins 12.8%
20-29 mins 24.3%
30-44 mins 20.9%
45-59 mins 12.8%
>60 mins 8.0%

SHANNON Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.3%
Construction 16.6%
Educational Services 8.5%
Health Care & Social Assistance 16.1%
Manufacturing 19.1%
Retail & Wholesale Trader 10.4%
Other 23.0%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 42% is 24 or younger and 8% is 65 or older.

Age % Distribution
<15 26.6%
15-19 7.6%
20-24 8.0%
25-44 28.3%
45-65 21.4%
66+ 8.0%
OCCUPATION

Occupation % Distribution
Clean 5.2%
Healthcare 14.0%
Management, Business, & Financial 9.5%
Natural Resources Maintenance 21.5%
Production & Transportation 24.3%
Sales & Office 8.8%
Other 16.7%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.2%
High School 30.6%
Masters Degree 1.5%
Some College 19.4%
Some High School 33.4%
Other 6.0%

11470 Shannon Rd Comps

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11470 Shannon Rd, Shannon, NC 28386 is a single family home of 1,756 sqft. HomeUnion INVESTimateĀ® for 11470 Shannon Rd includes a Price Estimate of $134,026 and a Rent Estimate of $848. This single family home has 4 bedrooms,2 bathrooms, and was built in 1963. This property has an estimated 15 year annualized Yield of 7.59% and Total Return of 8.91%. The estimated 1 year forecast in home value for 11470 Shannon Rd is -2.37%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , ROBESON County , or the 28386 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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