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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.

297 Megan Ln Marble, NC 28905

4 Beds 2 Baths 2,541 sqft Built 1993
Last updated:  Jan 23, 2020

INVESTimate

$247,603

$234K - $261K

Price Est.

$1,341

$1.2K - $1.5K

Rent Est.

$262,682  ( +6.09%)   1 YR EST. FORECAST

297 Megan Ln PROPERTY INFO

FACTS
  • Built In 1993
  • Price/Sqft : $97.44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,541 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
297 Megan Ln, Marble, NC 28905 is a single family home of 2,541 sqft. HomeUnion estimate for 297 Megan Ln includes a Price Estimate of $247,603 and a Rent Estimate of $1,341. This single family home has 4 bedrooms, 2 bathrooms, and was built in 1993. This property has an estimated 15 year annualized Yield of 6.50% and Total Return of 22.01%. The estimated 1 year forecast in home value for 297 Megan Ln is 6.09%.
  
  
  

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297 Megan Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MARBLE ELEMENTARY SCHOOL Primary Regular 119 9 NA
ANDREWS MIDDLE SCHOOL Middle Regular 213 14 NA
ANDREWS HIGH SCHOOL High Regular 257 16 NA

MARBLE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 119
  • # of teachers: 9
-1
GreatSchools Rating

ANDREWS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 213
  • # of teachers: 14
-1
GreatSchools Rating

ANDREWS HIGH SCHOOL

  • Education Level: High
  • # of students: 257
  • # of teachers: 16
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

MARBLE

  • 2,911

    POPULATION
  • 1,095

    HOUSEHOLDS
  • 57.0%

    WHITE COLLAR

Neighborhood : MARBLE

HOUSEHOLDS
1,095
POPULATION

2,911

18.8%Renters
81.2%Home Owners
LABOR FORCE

 

57.0%White Collar
43.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 10% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,341 per month.

MY RENT : $1,341 MEDIAN RENT : $882

Rent % Distribution LEVEL
$500-699 0.7%
$700-899 58.3%
$900-999 13.1%
$1,000-1,499 25.6%
>=$1,500 2.3%
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 $1,341 would therefore be considered affordable for annual household incomes greater than $53,640 (12 months x 3.333 x $1,341).

Rent % Affordability
Above $500 71.9%
Above $700 63.5%
Above $1,100 43.2%
Above $1,500 28.5%
Above $1,900 18.0%
HOUSEHOLD INCOME RANGE

Approximately 340 of households in this neighborhood have a total annual income of $53,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,341 per month.

MINIMUM INCOME RANGE : $53,640

Income % Distribution
<$20K 28.1%
$20K-$35K 19.0%
$35K-$60K 24.4%
$60K-$100K 20.3%
>=$100K 8.2%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 7.2%
10-14 mins 23.9%
15-19 mins 25.3%
20-29 mins 20.3%
30-44 mins 12.7%
45-59 mins 2.8%
>60 mins 3.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 10% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,341 per month.

MY RENT : $1,341 MEDIAN RENT : $882

Rent % Distribution
$500-699 0.7%
$700-899 58.3%
$900-999 13.1%
$1,000-1,499 25.6%
>=$1,500 2.3%
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 $1,341 would therefore be considered affordable for annual household incomes greater than $53,640 (12 months x 3.333 x $1,341).

Rent % Affordability
Above $500 71.9%
Above $700 63.5%
Above $1,100 43.2%
Above $1,500 28.5%
Above $1,900 18.0%
HOUSEHOLD INCOME RANGE

Approximately 340 of households in this neighborhood have a total annual income of $53,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,341 per month.

MINIMUM INCOME RANGE : $53,640

Income % Distribution
<$20K 28.1%
$20K-$35K 19.0%
$35K-$60K 24.4%
$60K-$100K 20.3%
>=$100K 8.2%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 7.2%
10-14 mins 23.9%
15-19 mins 25.3%
20-29 mins 20.3%
30-44 mins 12.7%
45-59 mins 2.8%
>60 mins 3.5%

MARBLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 12.9%
Construction 6.3%
Educational Services 8.8%
Health Care & Social Assistance 15.3%
Manufacturing 13.5%
Retail & Wholesale Trader 15.4%
Other 27.8%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 30% is 24 or younger and 24% is 65 or older.

Age % Distribution
<15 20.1%
15-19 5.2%
20-24 4.3%
25-44 20.7%
45-65 25.9%
66+ 23.6%
OCCUPATION

Occupation % Distribution
Healthcare 8.0%
Management, Business, & Financial 19.5%
Natural Resources Maintenance 12.7%
PCare 8.8%
Production & Transportation 16.8%
Sales & Office 16.8%
Other 17.5%
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 8.1%
High School 32.5%
Masters Degree 5.9%
Some College 24.0%
Some High School 17.6%
Other 12.0%

297 Megan Ln Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , CHEROKEE County , or the 28905 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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