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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

217 Sheep Pasture Rd Albertson, NC 28508

0 Beds 0 Baths 1,344 sqft Built 1974
Last updated:  Jan 23, 2020

INVESTimate

$72,942

$68.8K - $77.1K

Price Est.

$742

648 - 836

Rent Est.

$73,102  ( +0.22%)   1 YR EST. FORECAST
  
  
  

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217 Sheep Pasture Rd PROPERTY INFO

FACTS
  • Built In 1974
  • Price/Sqft : $54.27
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,344 sqft
  • Baths : 0 Full

217 Sheep Pasture Rd SCHOOLS

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Financial Details

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Neighborhood

ALBERTSON

  • 3,272

    POPULATION
  • 981

    HOUSEHOLDS
  • 43.5%

    WHITE COLLAR

Neighborhood : ALBERTSON

HOUSEHOLDS
981
POPULATION

3,272

26.8%Renters
73.2%Home Owners
LABOR FORCE

 

43.5%White Collar
56.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 80% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $742 per month.

MY RENT : $742 MEDIAN RENT : $825

Rent % Distribution LEVEL
$500-699 6.7%
$700-899 62.8%
$900-999 13.2%
$1,000-1,499 17.3%
>=$1,500 0.0%
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 $742 would therefore be considered affordable for annual household incomes greater than $29,680 (12 months x 3.333 x $742).

Rent % Affordability
Above $500 67.6%
Above $700 55.1%
Above $1,100 33.2%
Above $1,500 23.4%
Above $1,900 17.6%
HOUSEHOLD INCOME RANGE

Approximately 2,947 of households in this neighborhood have a total annual income of $29,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $742 per month.

MINIMUM INCOME RANGE : $29,680

Income % Distribution
<$20K 32.4%
$20K-$35K 28.5%
$35K-$60K 15.7%
$60K-$100K 16.0%
>=$100K 7.4%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.5%
5-9 mins 9.7%
10-14 mins 12.3%
15-19 mins 6.8%
20-29 mins 18.1%
30-44 mins 28.6%
45-59 mins 10.8%
>60 mins 7.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 80% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $742 per month.

MY RENT : $742 MEDIAN RENT : $825

Rent % Distribution
$500-699 6.7%
$700-899 62.8%
$900-999 13.2%
$1,000-1,499 17.3%
>=$1,500 0.0%
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 $742 would therefore be considered affordable for annual household incomes greater than $29,680 (12 months x 3.333 x $742).

Rent % Affordability
Above $500 67.6%
Above $700 55.1%
Above $1,100 33.2%
Above $1,500 23.4%
Above $1,900 17.6%
HOUSEHOLD INCOME RANGE

Approximately 2,947 of households in this neighborhood have a total annual income of $29,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $742 per month.

MINIMUM INCOME RANGE : $29,680

Income % Distribution
<$20K 32.4%
$20K-$35K 28.5%
$35K-$60K 15.7%
$60K-$100K 16.0%
>=$100K 7.4%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.5%
5-9 mins 9.7%
10-14 mins 12.3%
15-19 mins 6.8%
20-29 mins 18.1%
30-44 mins 28.6%
45-59 mins 10.8%
>60 mins 7.3%

ALBERTSON Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 13.6%
Arts & Entertainment 11.6%
Educational Services 8.0%
Manufacturing 24.3%
Retail & Wholesale Trader 18.0%
Transportation 4.9%
Other 19.5%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 44% is 24 or younger and 7% is 65 or older.

Age % Distribution
<15 26.7%
15-19 9.0%
20-24 8.3%
25-44 25.3%
45-65 23.1%
66+ 7.4%
OCCUPATION

Occupation % Distribution
Clean 6.5%
Education 6.7%
Management, Business, & Financial 12.5%
Natural Resources Maintenance 15.9%
Production & Transportation 28.9%
Sales & Office 21.6%
Other 7.9%
HIGHEST EDUCATION LEVEL

5% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 3.5%
High School 34.5%
Masters Degree 1.0%
Some College 17.7%
Some High School 39.9%
Other 3.4%

217 Sheep Pasture Rd Comps

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217 Sheep Pasture Rd, Albertson, NC 28508 is a single family home of 1,344 sqft. HomeUnion INVESTimateĀ® for 217 Sheep Pasture Rd includes a Price Estimate of $72,942 and a Rent Estimate of $742. This single family home has 0 bedrooms,0 bathrooms, and was built in 1974. This property has an estimated 15 year annualized Yield of 12.21% and Total Return of 19.49%. The estimated 1 year forecast in home value for 217 Sheep Pasture Rd is 0.22%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , DUPLIN County , or the 28508 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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