Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

289 Ayers Rd E Beech Mountain, NC 28604

3 Beds 2 Baths 2,320 sqft Built 1986
Last updated:  Jan 23, 2020

INVESTimate

$320,230

$301K - $339K

Price Est.

$1,875

$1.6K - $2.1K

Rent Est.

$326,122  ( +1.84%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1808 ASHBOROUGH WAY SE Marietta, GA
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units
    AVAILABLE fmls
    • 15.60% GROSS YIELD
    • $5,557 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,300
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 3349 JAPONICA RD N JACKSONVILLE, FL
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955
    AVAILABLE
    • 14.68% GROSS YIELD
    • $6,334 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $85,000
    • $28,275
    • $1,040

289 Ayers Rd E PROPERTY INFO

FACTS
  • Built In 1986
  • Price/Sqft : $138.03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,320 sqft
  • Baths : 2 Full

289 Ayers Rd E SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
VALLE CRUCIS ELEMENTARY SCHOOL Primary Regular 394 28 8
VALLE CRUCIS ELEMENTARY SCHOOL Middle Regular 394 28 8
WATAUGA HIGH SCHOOL High Regular 1,442 101 7

VALLE CRUCIS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 394
  • # of teachers: 28
8
GreatSchools Rating

VALLE CRUCIS ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 394
  • # of teachers: 28
8
GreatSchools Rating

WATAUGA HIGH SCHOOL

  • Education Level: High
  • # of students: 1,442
  • # of teachers: 101
7
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

BANNER ELK

  • 7,021

    POPULATION
  • 2,997

    HOUSEHOLDS
  • 65.6%

    WHITE COLLAR

Neighborhood : BANNER ELK

HOUSEHOLDS
2,997
POPULATION

7,021

27.3%Renters
72.7%Home Owners
LABOR FORCE

 

65.6%White Collar
34.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,875 per month.

MY RENT : $1,875 MEDIAN RENT : $1,249

Rent % Distribution LEVEL
$500-699 3.5%
$700-899 10.4%
$900-999 6.8%
$1,000-1,499 45.6%
>=$1,500 33.7%
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 $1,875 would therefore be considered affordable for annual household incomes greater than $75,000 (12 months x 3.333 x $1,875).

Rent % Affordability
Above $500 83.0%
Above $700 74.8%
Above $1,100 56.6%
Above $1,500 42.8%
Above $1,900 31.9%
HOUSEHOLD INCOME RANGE

Approximately 790 of households in this neighborhood have a total annual income of $75,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,875 per month.

MINIMUM INCOME RANGE : $75,000

Income % Distribution
<$20K 17.0%
$20K-$35K 16.0%
$35K-$60K 24.2%
$60K-$100K 22.0%
>=$100K 20.9%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 13.9%
10-14 mins 15.2%
15-19 mins 16.0%
20-29 mins 21.4%
30-44 mins 19.3%
45-59 mins 5.0%
>60 mins 4.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,875 per month.

MY RENT : $1,875 MEDIAN RENT : $1,249

Rent % Distribution
$500-699 3.5%
$700-899 10.4%
$900-999 6.8%
$1,000-1,499 45.6%
>=$1,500 33.7%
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 $1,875 would therefore be considered affordable for annual household incomes greater than $75,000 (12 months x 3.333 x $1,875).

Rent % Affordability
Above $500 83.0%
Above $700 74.8%
Above $1,100 56.6%
Above $1,500 42.8%
Above $1,900 31.9%
HOUSEHOLD INCOME RANGE

Approximately 790 of households in this neighborhood have a total annual income of $75,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,875 per month.

MINIMUM INCOME RANGE : $75,000

Income % Distribution
<$20K 17.0%
$20K-$35K 16.0%
$35K-$60K 24.2%
$60K-$100K 22.0%
>=$100K 20.9%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 13.9%
10-14 mins 15.2%
15-19 mins 16.0%
20-29 mins 21.4%
30-44 mins 19.3%
45-59 mins 5.0%
>60 mins 4.4%

BANNER ELK Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 16.6%
Construction 11.2%
Educational Services 17.2%
Health Care & Social Assistance 11.1%
Professional & Scientific Tech Services 4.8%
Retail & Wholesale Trader 14.2%
Other 24.8%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 28% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 11.2%
15-19 7.7%
20-24 9.1%
25-44 22.6%
45-65 27.1%
66+ 22.2%
OCCUPATION

Occupation % Distribution
Construction 6.6%
Healthcare 12.0%
Management, Business, & Financial 20.8%
Natural Resources Maintenance 9.4%
Production & Transportation 10.3%
Sales & Office 19.8%
Other 21.2%
HIGHEST EDUCATION LEVEL

23% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.1%
High School 18.4%
Masters Degree 10.2%
Some College 24.8%
Some High School 10.8%
Other 26.6%

289 Ayers Rd E Comps

Sorry, we do not have sufficient data available.

289 Ayers Rd E, Beech Mountain, NC 28604 is a single family home of 2,320 sqft. HomeUnion INVESTimateĀ® for 289 Ayers Rd E includes a Price Estimate of $320,230 and a Rent Estimate of $1,875. This single family home has 3 bedrooms,2 bathrooms, and was built in 1986. This property has an estimated 15 year annualized Yield of 7.03% and Total Return of 16.41%. The estimated 1 year forecast in home value for 289 Ayers Rd E is 1.84%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , WATAUGA County , or the 28604 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 28692
  2. 28607
  3. 28078
  4. 28679