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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

216 Pine St Wallace, NC 28466

6 Beds 0 Baths 900 sqft Built 1956
Last updated:  Jan 23, 2020

INVESTimate

$105,251

$99.1K - $111K

Price Est.

$1,215

$1.1K - $1.4K

Rent Est.

$98,431  ( -6.48%)   1 YR EST. FORECAST
  
  
  

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216 Pine St PROPERTY INFO

FACTS
  • Built In 1956
  • Price/Sqft : $116.95
CONSTRUCTION
  • Beds : 6
  • Floor Size : 900 sqft
  • Baths : 0 Full

216 Pine St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WALLACE ELEMENTARY SCHOOL Primary Regular 743 45 4
CHARITY MIDDLE SCHOOL Middle Regular 519 30 4
WALLACE ROSE HILL HIGH SCHOOL High Regular 549 41 3

WALLACE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 743
  • # of teachers: 45
4
GreatSchools Rating

CHARITY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 519
  • # of teachers: 30
4
GreatSchools Rating

WALLACE ROSE HILL HIGH SCHOOL

  • Education Level: High
  • # of students: 549
  • # of teachers: 41
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 16% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,215 per month.

MY RENT : $1,215 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 $1,215 would therefore be considered affordable for annual household incomes greater than $48,600 (12 months x 3.333 x $1,215).

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 1,244 of households in this neighborhood have a total annual income of $48,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,215 per month.

MINIMUM INCOME RANGE : $48,600

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 16% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,215 per month.

MY RENT : $1,215 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 $1,215 would therefore be considered affordable for annual household incomes greater than $48,600 (12 months x 3.333 x $1,215).

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 1,244 of households in this neighborhood have a total annual income of $48,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,215 per month.

MINIMUM INCOME RANGE : $48,600

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%

216 Pine St Comps

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216 Pine St, Wallace, NC 28466 is a single family home of 900 sqft. HomeUnion INVESTimateĀ® for 216 Pine St includes a Price Estimate of $105,251 and a Rent Estimate of $1,215. This single family home has 6 bedrooms,0 bathrooms, and was built in 1956. This property has an estimated 15 year annualized Yield of 13.85% and Total Return of 15.42%. The estimated 1 year forecast in home value for 216 Pine St 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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