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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.

128 Leaping Trout Run Marble, NC 28905

2 Beds 3 Baths 2,211 sqft Built 2007
Last updated:  Jan 23, 2020

INVESTimate

$326,054

$309K - $344K

Price Est.

$1,228

$1.1K - $1.4K

Rent Est.

$345,911  ( +6.09%)   1 YR EST. FORECAST

128 Leaping Trout Run PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $147.47
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,211 sqft
  • Baths : 3 Full
PROPERTY DESCRIPTION
128 Leaping Trout Run, Marble, NC 28905 is a single family home of 2,211 sqft. HomeUnion estimate for 128 Leaping Trout Run includes a Price Estimate of $326,054 and a Rent Estimate of $1,228. This single family home has 2 bedrooms, 3 bathrooms, and was built in 2007. This property has an estimated 15 year annualized Yield of 4.52% and Total Return of 17.56%. The estimated 1 year forecast in home value for 128 Leaping Trout Run is 6.09%.
  
  
  

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128 Leaping Trout Run SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MURPHY ELEMENTARY SCHOOL Primary Regular 480 33 NA
MURPHY MIDDLE SCHOOL Middle Regular 343 19 NA
MURPHY HIGH SCHOOL High Regular 475 34 NA

MURPHY ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 480
  • # of teachers: 33
-1
GreatSchools Rating

MURPHY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 343
  • # of teachers: 19
-1
GreatSchools Rating

MURPHY HIGH SCHOOL

  • Education Level: High
  • # of students: 475
  • # of teachers: 34
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

MARBLE

  • 2,911

    POPULATION
  • 1,095

    HOUSEHOLDS
  • 57.0%

    WHITE COLLAR

Neighborhood : MARBLE

HOUSEHOLDS
1,095
POPULATION

2,911

18.8%Renters
81.2%Home Owners
LABOR FORCE

 

57.0%White Collar
43.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 16% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,228 per month.

MY RENT : $1,228 MEDIAN RENT : $882

Rent % Distribution LEVEL
$500-699 0.7%
$700-899 58.3%
$900-999 13.1%
$1,000-1,499 25.6%
>=$1,500 2.3%
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 $1,228 would therefore be considered affordable for annual household incomes greater than $49,120 (12 months x 3.333 x $1,228).

Rent % Affordability
Above $500 71.9%
Above $700 63.5%
Above $1,100 43.2%
Above $1,500 28.5%
Above $1,900 18.0%
HOUSEHOLD INCOME RANGE

Approximately 360 of households in this neighborhood have a total annual income of $49,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,228 per month.

MINIMUM INCOME RANGE : $49,120

Income % Distribution
<$20K 28.1%
$20K-$35K 19.0%
$35K-$60K 24.4%
$60K-$100K 20.3%
>=$100K 8.2%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 7.2%
10-14 mins 23.9%
15-19 mins 25.3%
20-29 mins 20.3%
30-44 mins 12.7%
45-59 mins 2.8%
>60 mins 3.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 16% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,228 per month.

MY RENT : $1,228 MEDIAN RENT : $882

Rent % Distribution
$500-699 0.7%
$700-899 58.3%
$900-999 13.1%
$1,000-1,499 25.6%
>=$1,500 2.3%
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 $1,228 would therefore be considered affordable for annual household incomes greater than $49,120 (12 months x 3.333 x $1,228).

Rent % Affordability
Above $500 71.9%
Above $700 63.5%
Above $1,100 43.2%
Above $1,500 28.5%
Above $1,900 18.0%
HOUSEHOLD INCOME RANGE

Approximately 360 of households in this neighborhood have a total annual income of $49,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,228 per month.

MINIMUM INCOME RANGE : $49,120

Income % Distribution
<$20K 28.1%
$20K-$35K 19.0%
$35K-$60K 24.4%
$60K-$100K 20.3%
>=$100K 8.2%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 7.2%
10-14 mins 23.9%
15-19 mins 25.3%
20-29 mins 20.3%
30-44 mins 12.7%
45-59 mins 2.8%
>60 mins 3.5%

MARBLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 12.9%
Construction 6.3%
Educational Services 8.8%
Health Care & Social Assistance 15.3%
Manufacturing 13.5%
Retail & Wholesale Trader 15.4%
Other 27.8%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 30% is 24 or younger and 24% is 65 or older.

Age % Distribution
<15 20.1%
15-19 5.2%
20-24 4.3%
25-44 20.7%
45-65 25.9%
66+ 23.6%
OCCUPATION

Occupation % Distribution
Healthcare 8.0%
Management, Business, & Financial 19.5%
Natural Resources Maintenance 12.7%
PCare 8.8%
Production & Transportation 16.8%
Sales & Office 16.8%
Other 17.5%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.1%
High School 32.5%
Masters Degree 5.9%
Some College 24.0%
Some High School 17.6%
Other 12.0%

128 Leaping Trout Run 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 , CHEROKEE County , or the 28905 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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