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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

28 Horizon Way Alexander, NC 28701

3 Beds 4 Baths 3,570 sqft Built 2006
Last updated:  Dec 26, 2019

INVESTimate

$525,432

$477K - $574K

Price Est.

$2,107

$1.9K - $2.4K

Rent Est.

$555,487  ( +5.72%)   1 YR EST. FORECAST
  
  
  

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28 Horizon Way PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $147.18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,570 sqft
  • Baths : 3 Full 1 Half

28 Horizon Way SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
NORTH BUNCOMBE ELEMENTARY SCHOOL Primary Regular 706 43 NA

NORTH BUNCOMBE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 43
-1
GreatSchools Rating
 

Financial Details

See Financial Details

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Neighborhood

Northern Horizons

  • 63

    POPULATION
  • 21

    HOUSEHOLDS
  • 54.5%

    WHITE COLLAR

Neighborhood : Northern Horizons

HOUSEHOLDS
21
POPULATION

63

26.1%Renters
73.9%Home Owners
LABOR FORCE

 

54.5%White Collar
45.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,107 per month.

MY RENT : $2,107 MEDIAN RENT : $1,797

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 4.3%
$1,000-1,499 4.3%
>=$1,500 91.3%
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 $2,107 would therefore be considered affordable for annual household incomes greater than $84,280 (12 months x 3.333 x $2,107).

Rent % Affordability
Above $500 85.0%
Above $700 69.0%
Above $1,100 50.0%
Above $1,500 30.0%
Above $1,900 14.6%
HOUSEHOLD INCOME RANGE

Approximately 2 of households in this neighborhood have a total annual income of $84,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,107 per month.

MINIMUM INCOME RANGE : $84,280

Income % Distribution
<$20K 15.0%
$20K-$35K 30.0%
$35K-$60K 25.0%
$60K-$100K 25.0%
>=$100K 5.0%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 8.0%
10-14 mins 12.0%
15-19 mins 20.0%
20-29 mins 28.0%
30-44 mins 24.0%
45-59 mins 4.0%
>60 mins 4.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,107 per month.

MY RENT : $2,107 MEDIAN RENT : $1,797

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 4.3%
$1,000-1,499 4.3%
>=$1,500 91.3%
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 $2,107 would therefore be considered affordable for annual household incomes greater than $84,280 (12 months x 3.333 x $2,107).

Rent % Affordability
Above $500 85.0%
Above $700 69.0%
Above $1,100 50.0%
Above $1,500 30.0%
Above $1,900 14.6%
HOUSEHOLD INCOME RANGE

Approximately 2 of households in this neighborhood have a total annual income of $84,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,107 per month.

MINIMUM INCOME RANGE : $84,280

Income % Distribution
<$20K 15.0%
$20K-$35K 30.0%
$35K-$60K 25.0%
$60K-$100K 25.0%
>=$100K 5.0%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 8.0%
10-14 mins 12.0%
15-19 mins 20.0%
20-29 mins 28.0%
30-44 mins 24.0%
45-59 mins 4.0%
>60 mins 4.0%

Northern Horizons Demographics

INDUSTRY

Industry % Distribution
Construction 7.1%
Educational Services 7.1%
Health Care & Social Assistance 10.7%
Manufacturing 14.3%
Retail & Wholesale Trader 25.0%
Transportation 7.1%
Other 28.6%
AGE DISTRIBUTION

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

Age % Distribution
<15 14.3%
15-19 11.1%
20-24 9.5%
25-44 20.6%
45-65 28.6%
66+ 15.9%
OCCUPATION

Occupation % Distribution
Healthcare 10.5%
Management, Business, & Financial 5.3%
Natural Resources Maintenance 15.8%
PCare 5.3%
Production & Transportation 15.8%
Sales & Office 31.6%
Other 15.8%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.0%
High School 32.5%
Masters Degree 5.0%
Some College 20.0%
Some High School 22.5%
Other 10.0%

28 Horizon Way Comps

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28 Horizon Way, Alexander, NC 28701 is a single family home of 3,570 sqft. HomeUnion INVESTimateĀ® for 28 Horizon Way includes a Price Estimate of $525,432 and a Rent Estimate of $2,107. This single family home has 3 bedrooms,4 bathrooms, and was built in 2006. This property has an estimated 15 year annualized Yield of 4.81% and Total Return of 16.81%. The estimated 1 year forecast in home value for 28 Horizon Way is 5.72%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , BUNCOMBE County , or the 28701 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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