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This page contains information about each property aggregated from public data sources, 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.

235 Pickett Bay Rd Chinquapin, NC 28521

3 Beds 0 Baths 1,248 sqft Built 1996
Last updated:  Jan 23, 2020

INVESTimate

$57,694

$54.3K - $61.1K

Price Est.

$802

700 - 904

Rent Est.

$56,379  ( -2.28%)   1 YR EST. FORECAST

235 Pickett Bay Rd PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $46.23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,248 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
235 Pickett Bay Rd, Chinquapin, NC 28521 is a single family home of 1,248 sqft. HomeUnion estimate for 235 Pickett Bay Rd includes a Price Estimate of $57,694 and a Rent Estimate of $802. This single family home has 3 bedrooms, 0 bathrooms, and was built in 1996. This property has an estimated 15 year annualized Yield of 16.68% and Total Return of 20.81%. The estimated 1 year forecast in home value for 235 Pickett Bay Rd is -2.28%.
  
  
  

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235 Pickett Bay Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
EAST DUPLIN HIGH SCHOOL High Regular 871 55 3

EAST DUPLIN HIGH SCHOOL

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

Financial Details

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Neighborhood

CHINQUAPIN

  • 2,420

    POPULATION
  • 923

    HOUSEHOLDS
  • 47.0%

    WHITE COLLAR

Neighborhood : CHINQUAPIN

HOUSEHOLDS
923
POPULATION

2,420

19.1%Renters
80.9%Home Owners
LABOR FORCE

 

47.0%White Collar
53.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 53% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $802 per month.

MY RENT : $802 MEDIAN RENT : $782

Rent % Distribution LEVEL
$500-699 20.0%
$700-899 53.0%
$900-999 16.2%
$1,000-1,499 10.8%
>=$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 $802 would therefore be considered affordable for annual household incomes greater than $32,080 (12 months x 3.333 x $802).

Rent % Affordability
Above $500 81.4%
Above $700 66.5%
Above $1,100 45.8%
Above $1,500 34.0%
Above $1,900 23.0%
HOUSEHOLD INCOME RANGE

Approximately 2,632 of households in this neighborhood have a total annual income of $32,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $802 per month.

MINIMUM INCOME RANGE : $32,080

Income % Distribution
<$20K 18.6%
$20K-$35K 25.3%
$35K-$60K 22.1%
$60K-$100K 26.7%
>=$100K 7.3%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.2%
5-9 mins 5.7%
10-14 mins 8.1%
15-19 mins 8.0%
20-29 mins 16.9%
30-44 mins 28.8%
45-59 mins 14.9%
>60 mins 12.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 53% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $802 per month.

MY RENT : $802 MEDIAN RENT : $782

Rent % Distribution
$500-699 20.0%
$700-899 53.0%
$900-999 16.2%
$1,000-1,499 10.8%
>=$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 $802 would therefore be considered affordable for annual household incomes greater than $32,080 (12 months x 3.333 x $802).

Rent % Affordability
Above $500 81.4%
Above $700 66.5%
Above $1,100 45.8%
Above $1,500 34.0%
Above $1,900 23.0%
HOUSEHOLD INCOME RANGE

Approximately 2,632 of households in this neighborhood have a total annual income of $32,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $802 per month.

MINIMUM INCOME RANGE : $32,080

Income % Distribution
<$20K 18.6%
$20K-$35K 25.3%
$35K-$60K 22.1%
$60K-$100K 26.7%
>=$100K 7.3%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.2%
5-9 mins 5.7%
10-14 mins 8.1%
15-19 mins 8.0%
20-29 mins 16.9%
30-44 mins 28.8%
45-59 mins 14.9%
>60 mins 12.3%

CHINQUAPIN Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.2%
Construction 9.5%
Educational Services 12.6%
Health Care & Social Assistance 12.4%
Manufacturing 15.4%
Retail & Wholesale Trader 12.2%
Other 26.7%
AGE DISTRIBUTION

45% of the population is between the ages of 25 and 64, 34% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 16.2%
15-19 11.0%
20-24 6.4%
25-44 19.6%
45-65 25.7%
66+ 21.0%
OCCUPATION

Occupation % Distribution
Clean 5.9%
Healthcare 5.9%
Management, Business, & Financial 16.1%
Natural Resources Maintenance 20.0%
Production & Transportation 22.9%
Sales & Office 20.2%
Other 9.1%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.5%
High School 35.0%
Masters Degree 3.8%
Some College 21.5%
Some High School 22.9%
Other 5.4%

235 Pickett Bay Rd Comps

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  5. 28349