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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.

122 Grace Ln Grover, NC 28073

0 Beds 0 Baths 2,128 sqft Built 2001
Last updated:  Jan 23, 2020

INVESTimate

$143,921

$133K - $155K

Price Est.

$795

720 - 870

Rent Est.

$49,639

Investment Est.

$145,979  ( +1.43%)   1 YR EST. FORECAST

122 Grace Ln PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $67.63
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,128 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
122 Grace Ln, Grover, NC 28073 is a single family home of 2,128 sqft. HomeUnion estimate for 122 Grace Ln includes a Price Estimate of $143,921 and a Rent Estimate of $795. This single family home has 0 bedrooms, 0 bathrooms, and was built in 2001. This property has an estimated 15 year annualized Yield of 6.63% and Total Return of 12.74%. The estimated 1 year forecast in home value for 122 Grace Ln is 1.43%.

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122 Grace Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GROVER ELEMENTARY SCHOOL Primary Regular 385 25 7
KINGS MOUNTAIN MIDDLE SCHOOL Middle Regular 685 46 7
KINGS MOUNTAIN HIGH SCHOOL High Regular 1,316 85 6

GROVER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 385
  • # of teachers: 25
7
GreatSchools Rating

KINGS MOUNTAIN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 685
  • # of teachers: 46
7
GreatSchools Rating

KINGS MOUNTAIN HIGH SCHOOL

  • Education Level: High
  • # of students: 1,316
  • # of teachers: 85
6
GreatSchools Rating
 

Financial Details

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Neighborhood

GROVER

  • 5,368

    POPULATION

  • 1,933

    HOUSEHOLDS

  • 46.4%

    WHITE COLLAR

Neighborhood : GROVER

HOUSEHOLDS
1,933
POPULATION

5,368

34.6%Renters
65.4%Home Owners
LABOR FORCE

 

46.4%White Collar
53.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $795 per month.

MY RENT : $795 MEDIAN RENT : $737

Rent % Distribution LEVEL
$400-699 25.8%
$700-899 63.5%
$900-999 4.5%
$1,000-1,499 6.2%
>=$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 $795 would therefore be considered affordable for annual household incomes greater than $31,800 (12 months x 3.333 x $795).

Rent % Affordability
Above $500 80.5%
Above $700 66.1%
Above $1,100 50.1%
Above $1,500 31.5%
Above $1,900 20.2%
HOUSEHOLD INCOME RANGE

Approximately 4,781 of households in this neighborhood have a total annual income of $31,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $795 per month.

MINIMUM INCOME RANGE : $31,800

Income % Distribution
<$20K 19.5%
$20K-$35K 20.7%
$35K-$60K 28.4%
$60K-$100K 20.7%
>=$100K 10.7%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.6%
5-9 mins 7.3%
10-14 mins 9.3%
15-19 mins 22.3%
20-29 mins 19.9%
30-44 mins 19.4%
45-59 mins 10.4%
>60 mins 7.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $795 per month.

MY RENT : $795 MEDIAN RENT : $737

Rent % Distribution
$400-699 25.8%
$700-899 63.5%
$900-999 4.5%
$1,000-1,499 6.2%
>=$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 $795 would therefore be considered affordable for annual household incomes greater than $31,800 (12 months x 3.333 x $795).

Rent % Affordability
Above $500 80.5%
Above $700 66.1%
Above $1,100 50.1%
Above $1,500 31.5%
Above $1,900 20.2%
HOUSEHOLD INCOME RANGE

Approximately 4,781 of households in this neighborhood have a total annual income of $31,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $795 per month.

MINIMUM INCOME RANGE : $31,800

Income % Distribution
<$20K 19.5%
$20K-$35K 20.7%
$35K-$60K 28.4%
$60K-$100K 20.7%
>=$100K 10.7%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.6%
5-9 mins 7.3%
10-14 mins 9.3%
15-19 mins 22.3%
20-29 mins 19.9%
30-44 mins 19.4%
45-59 mins 10.4%
>60 mins 7.8%
GROVER Demographics
INDUSTRY

           

Industry % Distribution
Administrative Support 5.9%
Construction 6.3%
Health Care & Social Assistance 6.5%
Manufacturing 24.4%
Retail & Wholesale Trader 25.0%
Transportation 4.9%
Other 27.0%
OCCUPATION

           

Occupation % Distribution
Healthcare 5.0%
Management, Business, & Financial 13.7%
Natural Resources Maintenance 12.2%
Production & Transportation 31.2%
Protect 5.0%
Sales & Office 21.8%
Other 11.0%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 19.7%
15-19 9.3%
20-24 4.8%
25-44 25.7%
45-65 25.9%
66+ 14.5%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level % Distribution
Associates Degree 9.3%
High School 38.5%
Masters Degree 3.7%
Some College 25.7%
Some High School 17.1%
Other 5.6%

GROVER Demographics

INDUSTRY

Industry % Distribution
Administrative Support 5.9%
Construction 6.3%
Health Care & Social Assistance 6.5%
Manufacturing 24.4%
Retail & Wholesale Trader 25.0%
Transportation 4.9%
Other 27.0%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 34% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 19.7%
15-19 9.3%
20-24 4.8%
25-44 25.7%
45-65 25.9%
66+ 14.5%
OCCUPATION

Occupation % Distribution
Healthcare 5.0%
Management, Business, & Financial 13.7%
Natural Resources Maintenance 12.2%
Production & Transportation 31.2%
Protect 5.0%
Sales & Office 21.8%
Other 11.0%
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 9.3%
High School 38.5%
Masters Degree 3.7%
Some College 25.7%
Some High School 17.1%
Other 5.6%

122 Grace Ln Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , CLEVELAND County , or the 28073 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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