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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.

169 Byway Ln Olin, NC 28660

3 Beds 3 Baths 2,423 sqft Built 2005
Last updated:  Jan 23, 2020

INVESTimate

$196,275

$186K - $206K

Price Est.

$1,499

$1.4K - $1.6K

Rent Est.

$208,680  ( +6.32%)   1 YR EST. FORECAST

169 Byway Ln PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $81.00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,423 sqft
  • Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
169 Byway Ln, Olin, NC 28660 is a single family home of 2,423 sqft. HomeUnion estimate for 169 Byway Ln includes a Price Estimate of $196,275 and a Rent Estimate of $1,499. This single family home has 3 bedrooms, 3 bathrooms, and was built in 2005. This property has an estimated 15 year annualized Yield of 9.16% and Total Return of 27.26%. The estimated 1 year forecast in home value for 169 Byway Ln is 6.32%.
  
  
  

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169 Byway Ln SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

OLIN

  • 2,441

    POPULATION
  • 861

    HOUSEHOLDS
  • 45.4%

    WHITE COLLAR

Neighborhood : OLIN

HOUSEHOLDS
861
POPULATION

2,441

24.4%Renters
75.6%Home Owners
LABOR FORCE

 

45.4%White Collar
54.6%Blue Collar
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 $1,499 per month.

MY RENT : $1,499 MEDIAN RENT : $895

Rent % Distribution LEVEL
$500-699 5.5%
$700-899 44.9%
$900-999 12.6%
$1,000-1,499 31.8%
>=$1,500 5.2%
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 $1,499 would therefore be considered affordable for annual household incomes greater than $59,960 (12 months x 3.333 x $1,499).

Rent % Affordability
Above $500 88.3%
Above $700 77.2%
Above $1,100 53.4%
Above $1,500 35.1%
Above $1,900 23.0%
HOUSEHOLD INCOME RANGE

Approximately 302 of households in this neighborhood have a total annual income of $59,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,499 per month.

MINIMUM INCOME RANGE : $59,960

Income % Distribution
<$20K 11.7%
$20K-$35K 22.9%
$35K-$60K 30.2%
$60K-$100K 23.6%
>=$100K 11.5%
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.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 9.9%
10-14 mins 9.8%
15-19 mins 14.9%
20-29 mins 25.2%
30-44 mins 19.3%
45-59 mins 7.3%
>60 mins 9.1%
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 $1,499 per month.

MY RENT : $1,499 MEDIAN RENT : $895

Rent % Distribution
$500-699 5.5%
$700-899 44.9%
$900-999 12.6%
$1,000-1,499 31.8%
>=$1,500 5.2%
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 $1,499 would therefore be considered affordable for annual household incomes greater than $59,960 (12 months x 3.333 x $1,499).

Rent % Affordability
Above $500 88.3%
Above $700 77.2%
Above $1,100 53.4%
Above $1,500 35.1%
Above $1,900 23.0%
HOUSEHOLD INCOME RANGE

Approximately 302 of households in this neighborhood have a total annual income of $59,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,499 per month.

MINIMUM INCOME RANGE : $59,960

Income % Distribution
<$20K 11.7%
$20K-$35K 22.9%
$35K-$60K 30.2%
$60K-$100K 23.6%
>=$100K 11.5%
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.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 9.9%
10-14 mins 9.8%
15-19 mins 14.9%
20-29 mins 25.2%
30-44 mins 19.3%
45-59 mins 7.3%
>60 mins 9.1%

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%

169 Byway Ln Comps

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Nearest zipcodes within 2 miles

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