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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

205 W Fayetteville St Micro, NC 28366

3 Beds 1 Baths 1,470 sqft Built 1930
Last updated:  Jan 23, 2020

INVESTimate

$70,458

$65.6K - $75.4K

Price Est.

$923

806 - $1.0K

Rent Est.

$72,931  ( +3.51%)   1 YR EST. FORECAST
  
  
  

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205 W Fayetteville St PROPERTY INFO

FACTS
  • Built In 1930
  • Price/Sqft : $47.93
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,470 sqft
  • Baths : 1 Full

205 W Fayetteville St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MICRO ELEMENTARY SCHOOL Primary Unknown NA
NORTH JOHNSTON MIDDLE SCHOOL Middle Regular 637 38 6
NORTH JOHNSTON HIGH SCHOOL High Regular 716 50 5

MICRO ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

NORTH JOHNSTON MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 38
6
GreatSchools Rating

NORTH JOHNSTON HIGH SCHOOL

  • Education Level: High
  • # of students: 716
  • # of teachers: 50
5
GreatSchools Rating
 

Financial Details

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Neighborhood

NEWTON GROVE

  • 5,383

    POPULATION
  • 1,957

    HOUSEHOLDS
  • 47.6%

    WHITE COLLAR

Neighborhood : NEWTON GROVE

HOUSEHOLDS
1,957
POPULATION

5,383

25.6%Renters
74.4%Home Owners
LABOR FORCE

 

47.6%White Collar
52.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 37% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $923 per month.

MY RENT : $923 MEDIAN RENT : $836

Rent % Distribution LEVEL
$500-699 8.3%
$700-899 51.2%
$900-999 15.2%
$1,000-1,499 24.1%
>=$1,500 1.2%
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 $923 would therefore be considered affordable for annual household incomes greater than $36,920 (12 months x 3.333 x $923).

Rent % Affordability
Above $500 76.2%
Above $700 66.6%
Above $1,100 46.2%
Above $1,500 32.0%
Above $1,900 20.9%
HOUSEHOLD INCOME RANGE

Approximately 805 of households in this neighborhood have a total annual income of $36,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $923 per month.

MINIMUM INCOME RANGE : $36,920

Income % Distribution
<$20K 23.8%
$20K-$35K 20.3%
$35K-$60K 23.9%
$60K-$100K 20.2%
>=$100K 11.7%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.6%
5-9 mins 9.5%
10-14 mins 9.0%
15-19 mins 13.2%
20-29 mins 17.7%
30-44 mins 23.1%
45-59 mins 9.0%
>60 mins 11.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 37% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $923 per month.

MY RENT : $923 MEDIAN RENT : $836

Rent % Distribution
$500-699 8.3%
$700-899 51.2%
$900-999 15.2%
$1,000-1,499 24.1%
>=$1,500 1.2%
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 $923 would therefore be considered affordable for annual household incomes greater than $36,920 (12 months x 3.333 x $923).

Rent % Affordability
Above $500 76.2%
Above $700 66.6%
Above $1,100 46.2%
Above $1,500 32.0%
Above $1,900 20.9%
HOUSEHOLD INCOME RANGE

Approximately 805 of households in this neighborhood have a total annual income of $36,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $923 per month.

MINIMUM INCOME RANGE : $36,920

Income % Distribution
<$20K 23.8%
$20K-$35K 20.3%
$35K-$60K 23.9%
$60K-$100K 20.2%
>=$100K 11.7%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.6%
5-9 mins 9.5%
10-14 mins 9.0%
15-19 mins 13.2%
20-29 mins 17.7%
30-44 mins 23.1%
45-59 mins 9.0%
>60 mins 11.0%

NEWTON GROVE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.6%
Construction 13.0%
Educational Services 13.1%
Health Care & Social Assistance 12.8%
Manufacturing 13.3%
Retail & Wholesale Trader 14.6%
Other 22.6%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 32% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 15.7%
15-19 8.2%
20-24 8.5%
25-44 21.9%
45-65 28.1%
66+ 17.6%
OCCUPATION

Occupation % Distribution
Construction 4.3%
Healthcare 12.1%
Management, Business, & Financial 10.5%
Natural Resources Maintenance 17.5%
Production & Transportation 19.4%
Sales & Office 24.1%
Other 12.1%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 16.7%
High School 32.9%
Masters Degree 2.3%
Some College 17.1%
Some High School 20.0%
Other 11.0%

205 W Fayetteville St Comps

Sorry, we do not have sufficient data available.

205 W Fayetteville St, Micro, NC 28366 is a single family home of 1,470 sqft. HomeUnion INVESTimateĀ® for 205 W Fayetteville St includes a Price Estimate of $70,458 and a Rent Estimate of $923. This single family home has 3 bedrooms,1 bathrooms, and was built in 1930. This property has an estimated 15 year annualized Yield of 15.72% and Total Return of 27.85%. The estimated 1 year forecast in home value for 205 W Fayetteville St is 3.51%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , JOHNSTON County , or the 28366 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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