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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

284 Bayview Dr Stumpy Point, NC 27978

3 Beds 1 Baths 1,424 sqft Built 1911
Last updated:  Jan 23, 2020

INVESTimate

$146,906

$137K - $157K

Price Est.

$883

771 - 995

Rent Est.

$152,224  ( +3.62%)   1 YR EST. FORECAST
  
  
  

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284 Bayview Dr PROPERTY INFO

FACTS
  • Built In 1911
  • Price/Sqft : $103.16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,424 sqft
  • Baths : 1 Full

284 Bayview Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MANTEO ELEMENTARY SCHOOL Primary Regular 720 51 5
MANTEO MIDDLE SCHOOL Middle Regular 349 30 7
MANTEO HIGH SCHOOL High Regular 463 37 7

MANTEO ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 720
  • # of teachers: 51
5
GreatSchools Rating

MANTEO MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 349
  • # of teachers: 30
7
GreatSchools Rating

MANTEO HIGH SCHOOL

  • Education Level: High
  • # of students: 463
  • # of teachers: 37
7
GreatSchools Rating
 

Financial Details

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Neighborhood

STUMPY POINT

  • 225

    POPULATION
  • 93

    HOUSEHOLDS
  • 47.7%

    WHITE COLLAR

Neighborhood : STUMPY POINT

HOUSEHOLDS
93
POPULATION

225

40.0%Renters
60.0%Home Owners
LABOR FORCE

 

47.7%White Collar
52.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $883 per month.

MY RENT : $883 MEDIAN RENT : $984

Rent % Distribution LEVEL
$500-699 4.0%
$700-899 35.7%
$900-999 11.9%
$1,000-1,499 46.8%
>=$1,500 1.6%
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 $883 would therefore be considered affordable for annual household incomes greater than $35,320 (12 months x 3.333 x $883).

Rent % Affordability
Above $500 78.9%
Above $700 72.0%
Above $1,100 49.9%
Above $1,500 28.4%
Above $1,900 24.8%
HOUSEHOLD INCOME RANGE

Approximately 43 of households in this neighborhood have a total annual income of $35,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $883 per month.

MINIMUM INCOME RANGE : $35,320

Income % Distribution
<$20K 21.1%
$20K-$35K 9.5%
$35K-$60K 41.1%
$60K-$100K 14.7%
>=$100K 13.7%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.6%
5-9 mins 6.5%
10-14 mins 15.0%
15-19 mins 26.2%
20-29 mins 17.8%
30-44 mins 24.3%
45-59 mins 3.7%
>60 mins 0.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $883 per month.

MY RENT : $883 MEDIAN RENT : $984

Rent % Distribution
$500-699 4.0%
$700-899 35.7%
$900-999 11.9%
$1,000-1,499 46.8%
>=$1,500 1.6%
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 $883 would therefore be considered affordable for annual household incomes greater than $35,320 (12 months x 3.333 x $883).

Rent % Affordability
Above $500 78.9%
Above $700 72.0%
Above $1,100 49.9%
Above $1,500 28.4%
Above $1,900 24.8%
HOUSEHOLD INCOME RANGE

Approximately 43 of households in this neighborhood have a total annual income of $35,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $883 per month.

MINIMUM INCOME RANGE : $35,320

Income % Distribution
<$20K 21.1%
$20K-$35K 9.5%
$35K-$60K 41.1%
$60K-$100K 14.7%
>=$100K 13.7%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.6%
5-9 mins 6.5%
10-14 mins 15.0%
15-19 mins 26.2%
20-29 mins 17.8%
30-44 mins 24.3%
45-59 mins 3.7%
>60 mins 0.9%

STUMPY POINT Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.4%
Construction 7.0%
Information 7.0%
Manufacturing 8.7%
Retail & Wholesale Trader 28.7%
Transportation 9.6%
Other 28.7%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 30% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 15.1%
15-19 11.1%
20-24 4.0%
25-44 25.8%
45-65 26.7%
66+ 17.3%
OCCUPATION

Occupation % Distribution
Healthcare 6.5%
Management, Business, & Financial 5.2%
Natural Resources Maintenance 15.6%
Production & Transportation 18.2%
Protect 5.2%
Sales & Office 41.6%
Other 7.8%
HIGHEST EDUCATION LEVEL

7% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.1%
High School 40.2%
Masters Degree 0.6%
Some College 31.1%
Some High School 14.6%
Other 7.3%

284 Bayview Dr Comps

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284 Bayview Dr, Stumpy Point, NC 27978 is a single family home of 1,424 sqft. HomeUnion INVESTimateĀ® for 284 Bayview Dr includes a Price Estimate of $146,906 and a Rent Estimate of $883. This single family home has 3 bedrooms,1 bathrooms, and was built in 1911. This property has an estimated 15 year annualized Yield of 7.21% and Total Return of 17.29%. The estimated 1 year forecast in home value for 284 Bayview Dr is 3.62%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , DARE County , or the 27978 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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