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This page contains information about each property aggregated from public data sources, 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.

1278 Thigpen Rd Bethel, NC 27812

3 Beds 2 Baths 1,782 sqft Built 1999
Last updated:  Oct 23, 2019

INVESTimate

$102,827

$97.7K - $108K

Price Est.

$1,003

934 - $1.1K

Rent Est.

$106,632  ( +3.7%)   1 YR EST. FORECAST

1278 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%.
  
  
  

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1278 Thigpen Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
G W CARVER ELEMENTARY SCHOOL Primary Regular 913 50 NA
SOUTH EDGECOMBE MIDDLE SCHOOL Middle Regular 369 21 NA
SOUTHWEST EDGECOMBE HIGH SCHOOL High Regular 908 56 NA

G W CARVER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 913
  • # of teachers: 50
-1
GreatSchools Rating

SOUTH EDGECOMBE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 369
  • # of teachers: 21
-1
GreatSchools Rating

SOUTHWEST EDGECOMBE HIGH SCHOOL

  • Education Level: High
  • # of students: 908
  • # of teachers: 56
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

BETHEL

  • 2,515

    POPULATION
  • 1,103

    HOUSEHOLDS
  • 52.3%

    WHITE COLLAR

Neighborhood : BETHEL

HOUSEHOLDS
1,103
POPULATION

2,515

27.7%Renters
72.3%Home Owners
LABOR FORCE

 

52.3%White Collar
47.7%Blue Collar
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

Rent % Distribution LEVEL
$500-699 12.3%
$700-899 43.4%
$900-999 13.0%
$1,000-1,499 27.2%
>=$1,500 4.0%
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 $1,003 would therefore be considered affordable for annual household incomes greater than $40,120 (12 months x 3.333 x $1,003).

Rent % Affordability
Above $500 70.1%
Above $700 55.4%
Above $1,100 42.8%
Above $1,500 30.0%
Above $1,900 17.8%
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

Income % Distribution
<$20K 29.9%
$20K-$35K 21.0%
$35K-$60K 19.1%
$60K-$100K 21.0%
>=$100K 9.0%
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.

Time (mins) % Distribution
<5 mins 7.1%
5-9 mins 8.4%
10-14 mins 7.9%
15-19 mins 15.0%
20-29 mins 30.8%
30-44 mins 22.0%
45-59 mins 5.0%
>60 mins 3.9%
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

Rent % Distribution
$500-699 12.3%
$700-899 43.4%
$900-999 13.0%
$1,000-1,499 27.2%
>=$1,500 4.0%
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 $1,003 would therefore be considered affordable for annual household incomes greater than $40,120 (12 months x 3.333 x $1,003).

Rent % Affordability
Above $500 70.1%
Above $700 55.4%
Above $1,100 42.8%
Above $1,500 30.0%
Above $1,900 17.8%
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

Income % Distribution
<$20K 29.9%
$20K-$35K 21.0%
$35K-$60K 19.1%
$60K-$100K 21.0%
>=$100K 9.0%
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.

Time (mins) % Distribution
<5 mins 7.1%
5-9 mins 8.4%
10-14 mins 7.9%
15-19 mins 15.0%
20-29 mins 30.8%
30-44 mins 22.0%
45-59 mins 5.0%
>60 mins 3.9%

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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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , EDGECOMBE County , or the 27812 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 27834
  2. 27886
  3. 27819
  4. 27801
  5. 27864
  6. 27822