INVESTimate
$26,770
145 Blackburn Dr PROPERTY INFO
FACTS
- Built In 1965
- Price/Sqft : $40.47
CONSTRUCTION
- Beds : 0
- Floor Size : 1,424 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
145 Blackburn Dr, Grover, NC 28073 is a single family home of 1,424 sqft. HomeUnion estimate for 145 Blackburn Dr includes a Price Estimate of $57,623 and a Rent Estimate of $733. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 15.26% and Total Return of 23.01%. The estimated 1 year forecast in home value for 145 Blackburn Dr is 1.43%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
145 Blackburn Dr SCHOOLS
Financial Details
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GROVER
Neighborhood : GROVER
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 64% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $733 per month.
MY RENT : $733 MEDIAN RENT : $737
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 $733 would therefore be considered affordable for annual household incomes greater than $29,320 (12 months x 3.333 x $733).
HOUSEHOLD INCOME RANGE
Approximately 4,810 of households in this neighborhood have a total annual income of $29,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $733 per month.
MINIMUM INCOME RANGE : $29,320
COMMUTE TIME DISTRIBUTION
62% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.
GROVER Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Administrative Support | 5.9% |
Construction | 6.3% |
Health Care & Social Assistance | 6.5% |
Manufacturing | 24.4% |
Retail & Wholesale Trader | 25.0% |
Transportation | 4.9% |
Other | 27.0% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 34% is 24 or younger and 15% is 65 or older.
Age | % Distribution |
---|---|
<15 | 19.7% |
15-19 | 9.3% |
20-24 | 4.8% |
25-44 | 25.7% |
45-65 | 25.9% |
66+ | 14.5% |
OCCUPATION
Occupation | % Distribution |
---|---|
Healthcare | 5.0% |
Management, Business, & Financial | 13.7% |
Natural Resources Maintenance | 12.2% |
Production & Transportation | 31.2% |
Protect | 5.0% |
Sales & Office | 21.8% |
Other | 11.0% |
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 | 9.3% |
High School | 38.5% |
Masters Degree | 3.7% |
Some College | 25.7% |
Some High School | 17.1% |
Other | 5.6% |
145 Blackburn Dr Comps
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