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1433 Phillips Rd PROPERTY INFO
FACTS
- Built In 1942
- Price/Sqft : $70.59
CONSTRUCTION
- Beds : 2
- Floor Size : 1,157 sqft
- Baths : 1 Full
1433 Phillips Rd SCHOOLS
Financial Details
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SANDY RIDGE
Neighborhood : SANDY RIDGE
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $759 per month.
MY RENT : $759 MEDIAN RENT : $865
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 $759 would therefore be considered affordable for annual household incomes greater than $30,360 (12 months x 3.333 x $759).
HOUSEHOLD INCOME RANGE
Approximately 2,504 of households in this neighborhood have a total annual income of $30,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $759 per month.
MINIMUM INCOME RANGE : $30,360
COMMUTE TIME DISTRIBUTION
31% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 35% has a commute time of 45 minutes or longer.
SANDY RIDGE Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 14.1% |
| Construction | 5.2% |
| Health Care & Social Assistance | 11.7% |
| Manufacturing | 18.3% |
| Retail & Wholesale Trader | 5.9% |
| Transportation | 17.4% |
| Other | 27.4% |
AGE DISTRIBUTION
64% of the population is between the ages of 25 and 64, 19% is 24 or younger and 17% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 15.0% |
| 15-19 | 2.5% |
| 20-24 | 1.2% |
| 25-44 | 18.8% |
| 45-65 | 45.5% |
| 66+ | 17.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Education | 13.7% |
| Healthcare | 10.6% |
| Management, Business, & Financial | 10.2% |
| Natural Resources Maintenance | 22.5% |
| Production & Transportation | 21.9% |
| Sales & Office | 8.1% |
| Other | 13.0% |
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 | 14.1% |
| High School | 39.8% |
| Masters Degree | 1.5% |
| Some College | 18.8% |
| Some High School | 19.6% |
| Other | 6.2% |
1433 Phillips Rd Comps
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1433 Phillips Rd, Sandy Ridge, NC 27046 is a single family home of 1,157 sqft. HomeUnion INVESTimateĀ® for 1433 Phillips Rd includes a Price Estimate of $81,669 and a Rent Estimate of $759. This single family home has 2 bedrooms,1 bathrooms, and was built in 1942. This property has an estimated 15 year annualized Yield of 11.15% and Total Return of 23.14%. The estimated 1 year forecast in home value for 1433 Phillips Rd is 3.31%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , STOKES County , or the 27046 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
