Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

128 Volley Rd Ellenboro, NC 28040

3 Beds 3 Baths 1,837 sqft Built 1988
Last updated:  Jan 23, 2020

INVESTimate

$253,860

$232K - $276K

Price Est.

$1,282

$1.1K - $1.4K

Rent Est.

$274,169  ( +8%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1808 ASHBOROUGH WAY SE Marietta, GA
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units
    AVAILABLE fmls
    • 15.60% GROSS YIELD
    • $5,557 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,300
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1339 HOLBECH LANE Channelview, TX
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units
    AVAILABLE
    • 14.73% GROSS YIELD
    • $7,387 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $34,900
    • $1,350

128 Volley Rd PROPERTY INFO

FACTS
  • Built In 1988
  • Price/Sqft : $138.19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,837 sqft
  • Baths : 3 Full

128 Volley Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SUNSHINE ELEMENTARY SCHOOL Primary Regular 267 15 NA
EAST RUTHERFORD MIDDLE SCHOOL Middle Regular 657 38 NA
EAST RUTHERFORD HIGH SCHOOL High Regular 763 49 NA

SUNSHINE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 267
  • # of teachers: 15
-1
GreatSchools Rating

EAST RUTHERFORD MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 657
  • # of teachers: 38
-1
GreatSchools Rating

EAST RUTHERFORD HIGH SCHOOL

  • Education Level: High
  • # of students: 763
  • # of teachers: 49
-1
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

ELLENBORO

  • 7,981

    POPULATION
  • 2,972

    HOUSEHOLDS
  • 48.9%

    WHITE COLLAR

Neighborhood : ELLENBORO

HOUSEHOLDS
2,972
POPULATION

7,981

21.9%Renters
78.1%Home Owners
LABOR FORCE

 

48.9%White Collar
51.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 15% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,282 per month.

MY RENT : $1,282 MEDIAN RENT : $875

Rent % Distribution LEVEL
$500-699 10.6%
$700-899 44.6%
$900-999 13.7%
$1,000-1,499 29.2%
>=$1,500 1.9%
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 $1,282 would therefore be considered affordable for annual household incomes greater than $51,280 (12 months x 3.333 x $1,282).

Rent % Affordability
Above $500 74.1%
Above $700 63.8%
Above $1,100 44.4%
Above $1,500 29.0%
Above $1,900 18.0%
HOUSEHOLD INCOME RANGE

Approximately 983 of households in this neighborhood have a total annual income of $51,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,282 per month.

MINIMUM INCOME RANGE : $51,280

Income % Distribution
<$20K 25.9%
$20K-$35K 17.3%
$35K-$60K 27.8%
$60K-$100K 21.4%
>=$100K 7.7%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.4%
5-9 mins 7.3%
10-14 mins 10.6%
15-19 mins 17.8%
20-29 mins 28.1%
30-44 mins 16.2%
45-59 mins 8.8%
>60 mins 7.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 15% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,282 per month.

MY RENT : $1,282 MEDIAN RENT : $875

Rent % Distribution
$500-699 10.6%
$700-899 44.6%
$900-999 13.7%
$1,000-1,499 29.2%
>=$1,500 1.9%
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 $1,282 would therefore be considered affordable for annual household incomes greater than $51,280 (12 months x 3.333 x $1,282).

Rent % Affordability
Above $500 74.1%
Above $700 63.8%
Above $1,100 44.4%
Above $1,500 29.0%
Above $1,900 18.0%
HOUSEHOLD INCOME RANGE

Approximately 983 of households in this neighborhood have a total annual income of $51,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,282 per month.

MINIMUM INCOME RANGE : $51,280

Income % Distribution
<$20K 25.9%
$20K-$35K 17.3%
$35K-$60K 27.8%
$60K-$100K 21.4%
>=$100K 7.7%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.4%
5-9 mins 7.3%
10-14 mins 10.6%
15-19 mins 17.8%
20-29 mins 28.1%
30-44 mins 16.2%
45-59 mins 8.8%
>60 mins 7.8%

ELLENBORO Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.0%
Construction 5.9%
Educational Services 9.0%
Health Care & Social Assistance 18.0%
Manufacturing 24.9%
Retail & Wholesale Trader 15.2%
Other 21.1%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 32% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 19.4%
15-19 6.8%
20-24 6.2%
25-44 22.9%
45-65 27.3%
66+ 17.4%
OCCUPATION

Occupation % Distribution
Education 4.9%
Healthcare 11.5%
Management, Business, & Financial 11.4%
Natural Resources Maintenance 18.1%
Production & Transportation 24.1%
Sales & Office 19.0%
Other 11.1%
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 11.9%
High School 34.2%
Masters Degree 3.6%
Some College 19.2%
Some High School 21.0%
Other 10.2%

128 Volley Rd Comps

Sorry, we do not have sufficient data available.

128 Volley Rd, Ellenboro, NC 28040 is a single family home of 1,837 sqft. HomeUnion INVESTimateĀ® for 128 Volley Rd includes a Price Estimate of $253,860 and a Rent Estimate of $1,282. This single family home has 3 bedrooms,3 bathrooms, and was built in 1988. This property has an estimated 15 year annualized Yield of 6.06% and Total Return of 22.81%. The estimated 1 year forecast in home value for 128 Volley Rd is 8%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , RUTHERFORD County , or the 28040 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Browse other real estate investments on Volley Rd

  1. 128 Volley Rd
  2. 159 Volley Rd

Nearest zipcodes within 2 miles

  1. 28752
  2. 28018