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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

221 N Shore Dr Lake Lure, NC 28746

2 Beds 2 Baths 1,488 sqft Built 1978
Last updated:  Jan 23, 2020

INVESTimate

$518,655

$499K - $539K

Price Est.

$1,308

$1.1K - $1.5K

Rent Est.

$522,078  ( +0.66%)   1 YR EST. FORECAST
  
  
  

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221 N Shore Dr PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $348.56
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,488 sqft
  • Baths : 2 Full

221 N Shore Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PINNACLE ELEMENTARY SCHOOL Primary Regular 320 20 NA
R-S MIDDLE SCHOOL Middle Regular 737 44 NA
R-S CENTRAL HIGH SCHOOL High Regular 906 62 NA

PINNACLE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 320
  • # of teachers: 20
-1
GreatSchools Rating

R-S MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 737
  • # of teachers: 44
-1
GreatSchools Rating

R-S CENTRAL HIGH SCHOOL

  • Education Level: High
  • # of students: 906
  • # of teachers: 62
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

LAKE LURE

  • 2,461

    POPULATION
  • 1,171

    HOUSEHOLDS
  • 66.4%

    WHITE COLLAR

Neighborhood : LAKE LURE

HOUSEHOLDS
1,171
POPULATION

2,461

17.7%Renters
82.3%Home Owners
LABOR FORCE

 

66.4%White Collar
33.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 38% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,308 per month.

MY RENT : $1,308 MEDIAN RENT : $1,051

Rent % Distribution LEVEL
$500-699 2.9%
$700-899 7.5%
$900-999 29.0%
$1,000-1,499 36.0%
>=$1,500 24.6%
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 $1,308 would therefore be considered affordable for annual household incomes greater than $52,320 (12 months x 3.333 x $1,308).

Rent % Affordability
Above $500 81.5%
Above $700 74.6%
Above $1,100 55.9%
Above $1,500 47.5%
Above $1,900 32.9%
HOUSEHOLD INCOME RANGE

Approximately 586 of households in this neighborhood have a total annual income of $52,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,308 per month.

MINIMUM INCOME RANGE : $52,320

Income % Distribution
<$20K 18.5%
$20K-$35K 14.3%
$35K-$60K 19.7%
$60K-$100K 21.4%
>=$100K 26.0%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 26% 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 5.8%
5-9 mins 11.9%
10-14 mins 8.1%
15-19 mins 10.7%
20-29 mins 19.0%
30-44 mins 20.5%
45-59 mins 13.8%
>60 mins 10.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 38% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,308 per month.

MY RENT : $1,308 MEDIAN RENT : $1,051

Rent % Distribution
$500-699 2.9%
$700-899 7.5%
$900-999 29.0%
$1,000-1,499 36.0%
>=$1,500 24.6%
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 $1,308 would therefore be considered affordable for annual household incomes greater than $52,320 (12 months x 3.333 x $1,308).

Rent % Affordability
Above $500 81.5%
Above $700 74.6%
Above $1,100 55.9%
Above $1,500 47.5%
Above $1,900 32.9%
HOUSEHOLD INCOME RANGE

Approximately 586 of households in this neighborhood have a total annual income of $52,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,308 per month.

MINIMUM INCOME RANGE : $52,320

Income % Distribution
<$20K 18.5%
$20K-$35K 14.3%
$35K-$60K 19.7%
$60K-$100K 21.4%
>=$100K 26.0%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 26% 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 5.8%
5-9 mins 11.9%
10-14 mins 8.1%
15-19 mins 10.7%
20-29 mins 19.0%
30-44 mins 20.5%
45-59 mins 13.8%
>60 mins 10.3%

LAKE LURE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 12.8%
Construction 6.9%
Health Care & Social Assistance 12.2%
Manufacturing 13.1%
Retail & Wholesale Trader 9.6%
Transportation 9.6%
Other 35.7%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 16% is 24 or younger and 35% is 65 or older.

Age % Distribution
<15 8.7%
15-19 2.2%
20-24 5.1%
25-44 12.2%
45-65 36.9%
66+ 34.8%
OCCUPATION

Occupation % Distribution
Adesm 4.7%
Healthcare 9.5%
Management, Business, & Financial 25.7%
Natural Resources Maintenance 14.4%
Production & Transportation 10.7%
Sales & Office 22.6%
Other 12.4%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.0%
High School 19.5%
Masters Degree 9.9%
Some College 21.1%
Some High School 11.8%
Other 28.6%

221 N Shore Dr Comps

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221 N Shore Dr, Lake Lure, NC 28746 is a single family home of 1,488 sqft. HomeUnion INVESTimateĀ® for 221 N Shore Dr includes a Price Estimate of $518,655 and a Rent Estimate of $1,308. This single family home has 2 bedrooms,2 bathrooms, and was built in 1978. This property has an estimated 15 year annualized Yield of 3.03% and Total Return of 2.56%. The estimated 1 year forecast in home value for 221 N Shore Dr is 0.66%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , RUTHERFORD County , or the 28746 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2