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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

241 N Monk St Magnolia, NC 28453

3 Beds 0 Baths 2,173 sqft Built 1969
Last updated:  Jan 23, 2020

INVESTimate

$160,814

$152K - $170K

Price Est.

$925

808 - $1.0K

Rent Est.

$157,147  ( -2.28%)   1 YR EST. FORECAST
  
  
  

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241 N Monk St PROPERTY INFO

FACTS
  • Built In 1969
  • Price/Sqft : $74.01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,173 sqft
  • Baths : 0 Full

241 N Monk St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ROSE HILL MAGNOLIA ELEMENTARY SCHOOL Primary Regular 717 43 2
E.E. SMITH MIDDLE SCHOOL Middle Regular 369 23 3
JAMES KENAN HIGH SCHOOL High Regular 603 41 2

ROSE HILL MAGNOLIA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 717
  • # of teachers: 43
2
GreatSchools Rating

E.E. SMITH MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 369
  • # of teachers: 23
3
GreatSchools Rating

JAMES KENAN HIGH SCHOOL

  • Education Level: High
  • # of students: 603
  • # of teachers: 41
2
GreatSchools Rating
 

Financial Details

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Neighborhood

MAGNOLIA

  • 3,563

    POPULATION
  • 1,295

    HOUSEHOLDS
  • 39.1%

    WHITE COLLAR

Neighborhood : MAGNOLIA

HOUSEHOLDS
1,295
POPULATION

3,563

28.0%Renters
72.0%Home Owners
LABOR FORCE

 

39.1%White Collar
60.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 21% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $925 per month.

MY RENT : $925 MEDIAN RENT : $794

Rent % Distribution LEVEL
$500-699 13.9%
$700-899 61.8%
$900-999 11.8%
$1,000-1,499 12.2%
>=$1,500 0.3%
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 $925 would therefore be considered affordable for annual household incomes greater than $37,000 (12 months x 3.333 x $925).

Rent % Affordability
Above $500 71.0%
Above $700 62.7%
Above $1,100 42.7%
Above $1,500 24.4%
Above $1,900 15.0%
HOUSEHOLD INCOME RANGE

Approximately 468 of households in this neighborhood have a total annual income of $37,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $925 per month.

MINIMUM INCOME RANGE : $37,000

Income % Distribution
<$20K 29.0%
$20K-$35K 16.0%
$35K-$60K 30.7%
$60K-$100K 18.7%
>=$100K 5.7%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.5%
5-9 mins 9.1%
10-14 mins 7.0%
15-19 mins 25.6%
20-29 mins 25.2%
30-44 mins 10.9%
45-59 mins 4.5%
>60 mins 14.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 21% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $925 per month.

MY RENT : $925 MEDIAN RENT : $794

Rent % Distribution
$500-699 13.9%
$700-899 61.8%
$900-999 11.8%
$1,000-1,499 12.2%
>=$1,500 0.3%
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 $925 would therefore be considered affordable for annual household incomes greater than $37,000 (12 months x 3.333 x $925).

Rent % Affordability
Above $500 71.0%
Above $700 62.7%
Above $1,100 42.7%
Above $1,500 24.4%
Above $1,900 15.0%
HOUSEHOLD INCOME RANGE

Approximately 468 of households in this neighborhood have a total annual income of $37,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $925 per month.

MINIMUM INCOME RANGE : $37,000

Income % Distribution
<$20K 29.0%
$20K-$35K 16.0%
$35K-$60K 30.7%
$60K-$100K 18.7%
>=$100K 5.7%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.5%
5-9 mins 9.1%
10-14 mins 7.0%
15-19 mins 25.6%
20-29 mins 25.2%
30-44 mins 10.9%
45-59 mins 4.5%
>60 mins 14.2%

MAGNOLIA Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 9.2%
Arts & Entertainment 8.6%
Construction 8.3%
Health Care & Social Assistance 14.0%
Manufacturing 26.5%
Retail & Wholesale Trader 9.8%
Other 23.6%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 33% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 22.7%
15-19 7.2%
20-24 2.6%
25-44 27.0%
45-65 23.7%
66+ 16.8%
OCCUPATION

Occupation % Distribution
Education 7.4%
Healthcare 7.7%
Management, Business, & Financial 6.8%
Natural Resources Maintenance 15.1%
Production & Transportation 31.7%
Sales & Office 14.7%
Other 16.6%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.7%
High School 30.3%
Masters Degree 1.7%
Some College 22.5%
Some High School 30.2%
Other 5.5%

241 N Monk St Comps

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241 N Monk St, Magnolia, NC 28453 is a single family home of 2,173 sqft. HomeUnion INVESTimateĀ® for 241 N Monk St includes a Price Estimate of $160,814 and a Rent Estimate of $925. This single family home has 3 bedrooms,0 bathrooms, and was built in 1969. This property has an estimated 15 year annualized Yield of 6.90% and Total Return of 8.18%. The estimated 1 year forecast in home value for 241 N Monk St is -2.28%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , DUPLIN County , or the 28453 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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  6. 28365