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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

120 Grassy Gap Loop Rd Beech Mountain, NC 28604

3 Beds 3 Baths 1,900 sqft Built 1971
Last updated:  Jan 23, 2020

INVESTimate

$342,393

$325K - $360K

Price Est.

$1,625

$1.4K - $1.8K

Rent Est.

$348,693  ( +1.84%)   1 YR EST. FORECAST
  
  
  

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120 Grassy Gap Loop Rd PROPERTY INFO

FACTS
  • Built In 1971
  • Price/Sqft : $180.21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,900 sqft
  • Baths : 3 Full

120 Grassy Gap Loop Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
VALLE CRUCIS ELEMENTARY SCHOOL Primary Regular 394 28 8
VALLE CRUCIS ELEMENTARY SCHOOL Middle Regular 394 28 8
WATAUGA HIGH SCHOOL High Regular 1,442 101 7

VALLE CRUCIS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 394
  • # of teachers: 28
8
GreatSchools Rating

VALLE CRUCIS ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 394
  • # of teachers: 28
8
GreatSchools Rating

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

  • 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 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,625 per month.

MY RENT : $1,625 MEDIAN RENT : $1,249

Rent % Distribution LEVEL
$500-699 3.5%
$700-899 10.4%
$900-999 6.8%
$1,000-1,499 45.6%
>=$1,500 33.7%
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 $1,625 would therefore be considered affordable for annual household incomes greater than $65,000 (12 months x 3.333 x $1,625).

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 856 of households in this neighborhood have a total annual income of $65,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,625 per month.

MINIMUM INCOME RANGE : $65,000

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 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,625 per month.

MY RENT : $1,625 MEDIAN RENT : $1,249

Rent % Distribution
$500-699 3.5%
$700-899 10.4%
$900-999 6.8%
$1,000-1,499 45.6%
>=$1,500 33.7%
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 $1,625 would therefore be considered affordable for annual household incomes greater than $65,000 (12 months x 3.333 x $1,625).

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 856 of households in this neighborhood have a total annual income of $65,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,625 per month.

MINIMUM INCOME RANGE : $65,000

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%

120 Grassy Gap Loop Rd Comps

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120 Grassy Gap Loop Rd, Beech Mountain, NC 28604 is a single family home of 1,900 sqft. HomeUnion INVESTimate¬ģ for 120 Grassy Gap Loop Rd includes a Price Estimate of $342,393 and a Rent Estimate of $1,625. This single family home has 3 bedrooms,3 bathrooms, and was built in 1971. This property has an estimated 15 year annualized Yield of 5.70% and Total Return of 13.52%. The estimated 1 year forecast in home value for 120 Grassy Gap Loop Rd 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

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  5. 28605