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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

2051 Lightwood Bridge Rd Wallace, NC 28466

0 Beds 0 Baths 2,530 sqft Built 2010
Last updated:  Jan 23, 2020

INVESTimate

$376,710

$355K - $398K

Price Est.

$1,142

997 - $1.3K

Rent Est.

$352,299  ( -6.48%)   1 YR EST. FORECAST
  
  
  

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2051 Lightwood Bridge Rd PROPERTY INFO

FACTS
  • Built In 2010
  • Price/Sqft : $148.90
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,530 sqft
  • Baths : 0 Full

2051 Lightwood Bridge Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CHINQUAPIN ELEMENTARY SCHOOL Primary Regular 639 38 6
CHINQUAPIN ELEMENTARY SCHOOL Middle Regular 639 38 6
EAST DUPLIN HIGH SCHOOL High Regular 871 55 3

CHINQUAPIN ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 639
  • # of teachers: 38
6
GreatSchools Rating

CHINQUAPIN ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 639
  • # of teachers: 38
6
GreatSchools Rating

EAST DUPLIN HIGH SCHOOL

  • Education Level: High
  • # of students: 871
  • # of teachers: 55
3
GreatSchools Rating
 

Financial Details

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Neighborhood

WALLACE

  • 10,289

    POPULATION
  • 4,157

    HOUSEHOLDS
  • 49.8%

    WHITE COLLAR

Neighborhood : WALLACE

HOUSEHOLDS
4,157
POPULATION

10,289

25.7%Renters
74.3%Home Owners
LABOR FORCE

 

49.8%White Collar
50.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 20% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,142 per month.

MY RENT : $1,142 MEDIAN RENT : $863

Rent % Distribution LEVEL
$500-699 10.3%
$700-899 46.5%
$900-999 15.7%
$1,000-1,499 26.1%
>=$1,500 1.4%
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 $1,142 would therefore be considered affordable for annual household incomes greater than $45,680 (12 months x 3.333 x $1,142).

Rent % Affordability
Above $500 70.3%
Above $700 61.2%
Above $1,100 38.7%
Above $1,500 25.0%
Above $1,900 18.0%
HOUSEHOLD INCOME RANGE

Approximately 1,296 of households in this neighborhood have a total annual income of $45,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,142 per month.

MINIMUM INCOME RANGE : $45,680

Income % Distribution
<$20K 29.7%
$20K-$35K 19.7%
$35K-$60K 25.6%
$60K-$100K 14.3%
>=$100K 10.8%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.5%
5-9 mins 14.5%
10-14 mins 10.0%
15-19 mins 14.4%
20-29 mins 15.1%
30-44 mins 13.7%
45-59 mins 14.0%
>60 mins 9.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 20% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,142 per month.

MY RENT : $1,142 MEDIAN RENT : $863

Rent % Distribution
$500-699 10.3%
$700-899 46.5%
$900-999 15.7%
$1,000-1,499 26.1%
>=$1,500 1.4%
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 $1,142 would therefore be considered affordable for annual household incomes greater than $45,680 (12 months x 3.333 x $1,142).

Rent % Affordability
Above $500 70.3%
Above $700 61.2%
Above $1,100 38.7%
Above $1,500 25.0%
Above $1,900 18.0%
HOUSEHOLD INCOME RANGE

Approximately 1,296 of households in this neighborhood have a total annual income of $45,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,142 per month.

MINIMUM INCOME RANGE : $45,680

Income % Distribution
<$20K 29.7%
$20K-$35K 19.7%
$35K-$60K 25.6%
$60K-$100K 14.3%
>=$100K 10.8%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.5%
5-9 mins 14.5%
10-14 mins 10.0%
15-19 mins 14.4%
20-29 mins 15.1%
30-44 mins 13.7%
45-59 mins 14.0%
>60 mins 9.7%

WALLACE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.4%
Construction 13.1%
Educational Services 9.4%
Health Care & Social Assistance 9.8%
Manufacturing 15.4%
Retail & Wholesale Trader 12.0%
Other 29.8%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 26% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 13.9%
15-19 6.4%
20-24 6.1%
25-44 21.9%
45-65 29.8%
66+ 21.9%
OCCUPATION

Occupation % Distribution
Clean 6.2%
Healthcare 5.6%
Management, Business, & Financial 11.5%
Natural Resources Maintenance 16.9%
Production & Transportation 16.4%
Sales & Office 21.2%
Other 22.1%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.1%
High School 32.4%
Masters Degree 2.9%
Some College 22.5%
Some High School 24.7%
Other 9.3%

2051 Lightwood Bridge Rd Comps

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2051 Lightwood Bridge Rd, Wallace, NC 28466 is a single family home of 2,530 sqft. HomeUnion INVESTimateĀ® for 2051 Lightwood Bridge Rd includes a Price Estimate of $376,710 and a Rent Estimate of $1,142. This single family home has 0 bedrooms,0 bathrooms, and was built in 2010. This property has an estimated 15 year annualized Yield of 3.64% and Total Return of -4.27%. The estimated 1 year forecast in home value for 2051 Lightwood Bridge Rd is -6.48%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , DUPLIN County , or the 28466 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 28521