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This page contains aggregated information about each property, 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 about INVESTimate

2 Redmond Dr Alexander, NC 28701

0 Beds 0 Baths 910 sqft Built 1978
Last updated:  Nov 28, 2019

INVESTimate

$50,362

$46.6K - $54.1K

Price Est.

$775

681 - 869

Rent Est.

$53,243  ( +5.72%)   1 YR EST. FORECAST
  
  
  

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2 Redmond Dr PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $55.34
CONSTRUCTION
  • Beds : 0
  • Floor Size : 910 sqft
  • Baths : 0 Full

2 Redmond Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
NORTH BUNCOMBE ELEMENTARY SCHOOL Primary Regular 706 43 NA

NORTH BUNCOMBE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 43
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

ALEXANDER

  • 3,756

    POPULATION
  • 1,540

    HOUSEHOLDS
  • 58.1%

    WHITE COLLAR

Neighborhood : ALEXANDER

HOUSEHOLDS
1,540
POPULATION

3,756

22.0%Renters
78.0%Home Owners
LABOR FORCE

 

58.1%White Collar
41.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $775 per month.

MY RENT : $775 MEDIAN RENT : $1,420

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.1%
$900-999 6.2%
$1,000-1,499 52.1%
>=$1,500 41.7%
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 $775 would therefore be considered affordable for annual household incomes greater than $31,000 (12 months x 3.333 x $775).

Rent % Affordability
Above $500 78.4%
Above $700 69.7%
Above $1,100 54.6%
Above $1,500 42.4%
Above $1,900 28.8%
HOUSEHOLD INCOME RANGE

Approximately 2,955 of households in this neighborhood have a total annual income of $31,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $775 per month.

MINIMUM INCOME RANGE : $31,000

Income % Distribution
<$20K 21.6%
$20K-$35K 13.9%
$35K-$60K 22.1%
$60K-$100K 25.0%
>=$100K 17.4%
COMMUTE TIME DISTRIBUTION

79% of the working population has a commute time of 15 to 44 minutes, 11% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 1.6%
10-14 mins 9.1%
15-19 mins 15.2%
20-29 mins 35.0%
30-44 mins 28.8%
45-59 mins 4.1%
>60 mins 5.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $775 per month.

MY RENT : $775 MEDIAN RENT : $1,420

Rent % Distribution
$500-699 0.0%
$700-899 0.1%
$900-999 6.2%
$1,000-1,499 52.1%
>=$1,500 41.7%
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 $775 would therefore be considered affordable for annual household incomes greater than $31,000 (12 months x 3.333 x $775).

Rent % Affordability
Above $500 78.4%
Above $700 69.7%
Above $1,100 54.6%
Above $1,500 42.4%
Above $1,900 28.8%
HOUSEHOLD INCOME RANGE

Approximately 2,955 of households in this neighborhood have a total annual income of $31,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $775 per month.

MINIMUM INCOME RANGE : $31,000

Income % Distribution
<$20K 21.6%
$20K-$35K 13.9%
$35K-$60K 22.1%
$60K-$100K 25.0%
>=$100K 17.4%
COMMUTE TIME DISTRIBUTION

79% of the working population has a commute time of 15 to 44 minutes, 11% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 1.6%
10-14 mins 9.1%
15-19 mins 15.2%
20-29 mins 35.0%
30-44 mins 28.8%
45-59 mins 4.1%
>60 mins 5.4%

ALEXANDER Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.2%
Construction 15.1%
Educational Services 8.7%
Health Care & Social Assistance 16.3%
Manufacturing 12.2%
Retail & Wholesale Trader 12.0%
Other 28.4%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 28% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 17.8%
15-19 6.5%
20-24 3.9%
25-44 23.4%
45-65 30.3%
66+ 18.2%
OCCUPATION

Occupation % Distribution
Construction 5.1%
Healthcare 16.9%
Management, Business, & Financial 13.5%
Natural Resources Maintenance 18.4%
Production & Transportation 12.3%
Sales & Office 18.7%
Other 15.1%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.0%
High School 27.1%
Masters Degree 6.5%
Some College 21.0%
Some High School 15.4%
Other 20.0%

2 Redmond Dr Comps

Sorry, we do not have sufficient data available.

2 Redmond Dr, Alexander, NC 28701 is a single family home of 910 sqft. HomeUnion INVESTimateĀ® for 2 Redmond Dr includes a Price Estimate of $50,362 and a Rent Estimate of $775. This single family home has 0 bedrooms,0 bathrooms, and was built in 1978. This property has an estimated 15 year annualized Yield of 18.47% and Total Return of 32.94%. The estimated 1 year forecast in home value for 2 Redmond Dr is 5.72%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , BUNCOMBE County , or the 28701 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 28748
  2. 28709
  3. 28778
  4. 28806