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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.

131 Watterson Rd Grover, NC 28073

0 Beds 0 Baths 980 sqft Built 1982
Last updated:  Jan 23, 2020

INVESTimate

$81,205

$73.6K - $88.8K

Price Est.

$609

543 - 675

Rent Est.

$82,366  ( +1.43%)   1 YR EST. FORECAST

131 Watterson Rd PROPERTY INFO

FACTS
  • Built In 1982
  • Price/Sqft : $82.86
CONSTRUCTION
  • Beds : 0
  • Floor Size : 980 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
131 Watterson Rd, Grover, NC 28073 is a single family home of 980 sqft. HomeUnion estimate for 131 Watterson Rd includes a Price Estimate of $81,205 and a Rent Estimate of $609. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1982. This property has an estimated 15 year annualized Yield of 9.00% and Total Return of 15.75%. The estimated 1 year forecast in home value for 131 Watterson Rd is 1.43%.
  
  
  

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131 Watterson Rd 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

  • 5,434

    POPULATION
  • 1,935

    HOUSEHOLDS
  • 46.9%

    WHITE COLLAR

Neighborhood : GROVER

HOUSEHOLDS
1,935
POPULATION

5,434

30.4%Renters
69.6%Home Owners
LABOR FORCE

 

46.9%White Collar
53.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $609 per month.

MY RENT : $609 MEDIAN RENT : $737

Rent % Distribution LEVEL
$400-699 25.4%
$700-899 63.8%
$900-999 4.6%
$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 $609 would therefore be considered affordable for annual household incomes greater than $24,360 (12 months x 3.333 x $609).

Rent % Affordability
Above $500 75.7%
Above $700 63.8%
Above $1,100 47.5%
Above $1,500 32.9%
Above $1,900 20.1%
HOUSEHOLD INCOME RANGE

Approximately 4,241 of households in this neighborhood have a total annual income of $24,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $609 per month.

MINIMUM INCOME RANGE : $24,360

Income % Distribution
<$20K 24.3%
$20K-$35K 17.2%
$35K-$60K 25.6%
$60K-$100K 21.5%
>=$100K 11.4%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 20% 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 3.1%
5-9 mins 7.2%
10-14 mins 9.5%
15-19 mins 20.5%
20-29 mins 22.2%
30-44 mins 20.2%
45-59 mins 11.6%
>60 mins 5.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $609 per month.

MY RENT : $609 MEDIAN RENT : $737

Rent % Distribution
$400-699 25.4%
$700-899 63.8%
$900-999 4.6%
$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 $609 would therefore be considered affordable for annual household incomes greater than $24,360 (12 months x 3.333 x $609).

Rent % Affordability
Above $500 75.7%
Above $700 63.8%
Above $1,100 47.5%
Above $1,500 32.9%
Above $1,900 20.1%
HOUSEHOLD INCOME RANGE

Approximately 4,241 of households in this neighborhood have a total annual income of $24,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $609 per month.

MINIMUM INCOME RANGE : $24,360

Income % Distribution
<$20K 24.3%
$20K-$35K 17.2%
$35K-$60K 25.6%
$60K-$100K 21.5%
>=$100K 11.4%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 20% 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 3.1%
5-9 mins 7.2%
10-14 mins 9.5%
15-19 mins 20.5%
20-29 mins 22.2%
30-44 mins 20.2%
45-59 mins 11.6%
>60 mins 5.7%

GROVER Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.6%
Educational Services 6.2%
Health Care & Social Assistance 7.5%
Manufacturing 23.1%
Public Administration 6.0%
Retail & Wholesale Trader 25.1%
Other 25.5%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 34% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 18.5%
15-19 9.9%
20-24 5.4%
25-44 25.1%
45-65 26.6%
66+ 14.5%
OCCUPATION

Occupation % Distribution
Healthcare 5.1%
Management, Business, & Financial 14.1%
Natural Resources Maintenance 7.8%
Production & Transportation 32.6%
Protect 5.9%
Sales & Office 20.7%
Other 13.9%
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 7.8%
High School 40.3%
Masters Degree 4.6%
Some College 26.2%
Some High School 16.8%
Other 4.4%

131 Watterson 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 , CLEVELAND County , or the 28073 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 28021
  2. 28152
  3. 28150
  4. 28086