INVESTimate
$133,354
Financial Details167 Byway Ln PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $151.86
CONSTRUCTION
- Beds : 3
- Floor Size : 3,028 sqft
- Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
167 Byway Ln, Olin, NC 28660 is a single family home of 3,028 sqft. HomeUnion estimate for 167 Byway Ln includes a Price Estimate of $459,825 and a Rent Estimate of $1,897. This single family home has 3 bedrooms, 3 bathrooms, and was built in 2005. This property has an estimated 15 year annualized Yield of 4.95% and Total Return of 19.56%. The estimated 1 year forecast in home value for 167 Byway Ln is 6.32%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
167 Byway Ln SCHOOLS
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Financial Details
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OLIN
Neighborhood : OLIN
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 5% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,897 per month.
MY RENT : $1,897 MEDIAN RENT : $895
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 $1,897 would therefore be considered affordable for annual household incomes greater than $75,880 (12 months x 3.333 x $1,897).
HOUSEHOLD INCOME RANGE
Approximately 148 of households in this neighborhood have a total annual income of $75,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,897 per month.
MINIMUM INCOME RANGE : $75,880
COMMUTE TIME DISTRIBUTION
59% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.
OLIN Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 9.3% |
| Educational Services | 11.4% |
| Health Care & Social Assistance | 11.4% |
| Manufacturing | 19.3% |
| Retail & Wholesale Trader | 19.3% |
| Transportation | 7.0% |
| Other | 22.2% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 29% is 24 or younger and 17% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 14.8% |
| 15-19 | 8.4% |
| 20-24 | 5.9% |
| 25-44 | 20.8% |
| 45-65 | 32.7% |
| 66+ | 17.5% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 8.0% |
| Management, Business, & Financial | 12.8% |
| Natural Resources Maintenance | 17.9% |
| Production & Transportation | 29.7% |
| Protect | 4.6% |
| Sales & Office | 14.6% |
| Other | 12.5% |
HIGHEST EDUCATION LEVEL
14% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.4% |
| High School | 39.1% |
| Masters Degree | 3.8% |
| Some College | 22.5% |
| Some High School | 12.1% |
| Other | 13.2% |
167 Byway Ln Comps
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