INVESTimate
$38,749
Financial Details1278 Thigpen Rd PROPERTY INFO
FACTS
- Built In 1999
- Price/Sqft : $57.70
CONSTRUCTION
- Beds : 3
- Floor Size : 1,782 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
1278 Thigpen Rd, Bethel, NC 27812 is a single family home of 1,782 sqft. HomeUnion estimate for 1278 Thigpen Rd includes a Price Estimate of $102,827 and a Rent Estimate of $1,003. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1999. This property has an estimated 15 year annualized Yield of 11.71% and Total Return of 24.92%. The estimated 1 year forecast in home value for 1278 Thigpen Rd is 3.7%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1278 Thigpen Rd SCHOOLS
Financial Details
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BETHEL
Neighborhood : BETHEL
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 31% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,003 per month.
MY RENT : $1,003 MEDIAN RENT : $861
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 $1,003 would therefore be considered affordable for annual household incomes greater than $40,120 (12 months x 3.333 x $1,003).
HOUSEHOLD INCOME RANGE
Approximately 402 of households in this neighborhood have a total annual income of $40,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,003 per month.
MINIMUM INCOME RANGE : $40,120
COMMUTE TIME DISTRIBUTION
68% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.
BETHEL Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 6.7% |
| Educational Services | 12.9% |
| Health Care & Social Assistance | 14.5% |
| Manufacturing | 14.7% |
| Retail & Wholesale Trader | 17.1% |
| Transportation | 5.6% |
| Other | 28.6% |
AGE DISTRIBUTION
54% of the population is between the ages of 25 and 64, 24% is 24 or younger and 22% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 15.2% |
| 15-19 | 3.2% |
| 20-24 | 5.7% |
| 25-44 | 18.9% |
| 45-65 | 35.5% |
| 66+ | 21.5% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 5.7% |
| Healthcare | 4.6% |
| Management, Business, & Financial | 10.3% |
| Natural Resources Maintenance | 12.1% |
| Production & Transportation | 26.3% |
| Sales & Office | 25.1% |
| Other | 15.9% |
HIGHEST EDUCATION LEVEL
15% 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 | 29.8% |
| Masters Degree | 4.5% |
| Some College | 20.7% |
| Some High School | 20.6% |
| Other | 15.3% |
1278 Thigpen Rd Comps
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