INVESTimate
$34,012
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1530 S Nc 11 Hwy PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $68.07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,248 sqft
- Baths : 0 Full
1530 S Nc 11 Hwy SCHOOLS
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Financial Details
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MAGNOLIA
Neighborhood : MAGNOLIA
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $836 per month.
MY RENT : $836 MEDIAN RENT : $794
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 $836 would therefore be considered affordable for annual household incomes greater than $33,440 (12 months x 3.333 x $836).
HOUSEHOLD INCOME RANGE
Approximately 2,585 of households in this neighborhood have a total annual income of $33,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $836 per month.
MINIMUM INCOME RANGE : $33,440
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 19% has a commute time of 45 minutes or longer.
MAGNOLIA Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 9.2% |
| Arts & Entertainment | 8.6% |
| Construction | 8.3% |
| Health Care & Social Assistance | 14.0% |
| Manufacturing | 26.5% |
| Retail & Wholesale Trader | 9.8% |
| Other | 23.6% |
AGE DISTRIBUTION
51% of the population is between the ages of 25 and 64, 33% is 24 or younger and 17% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 22.7% |
| 15-19 | 7.2% |
| 20-24 | 2.6% |
| 25-44 | 27.0% |
| 45-65 | 23.7% |
| 66+ | 16.8% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Education | 7.4% |
| Healthcare | 7.7% |
| Management, Business, & Financial | 6.8% |
| Natural Resources Maintenance | 15.1% |
| Production & Transportation | 31.7% |
| Sales & Office | 14.7% |
| Other | 16.6% |
HIGHEST EDUCATION LEVEL
11% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.7% |
| High School | 30.3% |
| Masters Degree | 1.7% |
| Some College | 22.5% |
| Some High School | 30.2% |
| Other | 5.5% |
1530 S Nc 11 Hwy Comps
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1530 S Nc 11 Hwy, Magnolia, NC 28453 is a single family home of 1,248 sqft. HomeUnion INVESTimateĀ® for 1530 S Nc 11 Hwy includes a Price Estimate of $84,952 and a Rent Estimate of $836. This single family home has 3 bedrooms,0 bathrooms, and was built in 1998. This property has an estimated 15 year annualized Yield of 11.81% and Total Return of 17.97%. The estimated 1 year forecast in home value for 1530 S Nc 11 Hwy is -2.28%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , DUPLIN County , or the 28453 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
