Financial Details305 Elizabeth St PROPERTY INFO
FACTS
- Built In 1963
- Price/Sqft : $65.42
CONSTRUCTION
- Beds : 0
- Floor Size : 1,560 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
305 Elizabeth St, Tabor City, NC 28463 is a single family home of 1,560 sqft. HomeUnion estimate for 305 Elizabeth St includes a Price Estimate of $102,053 and a Rent Estimate of $878. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1963. This property has an estimated 15 year annualized Yield of 10.32% and Total Return of 14.62%. The estimated 1 year forecast in home value for 305 Elizabeth St is -1.29%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
305 Elizabeth St SCHOOLS
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Financial Details
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TABOR CITY
Neighborhood : TABOR CITY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 39% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $878 per month.
MY RENT : $878 MEDIAN RENT : $835
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 $878 would therefore be considered affordable for annual household incomes greater than $35,120 (12 months x 3.333 x $878).
HOUSEHOLD INCOME RANGE
Approximately 1,088 of households in this neighborhood have a total annual income of $35,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $878 per month.
MINIMUM INCOME RANGE : $35,120
COMMUTE TIME DISTRIBUTION
61% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.
TABOR CITY Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 7.7% |
| Construction | 9.3% |
| Educational Services | 8.1% |
| Health Care & Social Assistance | 21.4% |
| Manufacturing | 11.2% |
| Retail & Wholesale Trader | 10.7% |
| Other | 31.5% |
AGE DISTRIBUTION
56% of the population is between the ages of 25 and 64, 29% is 24 or younger and 15% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 15.4% |
| 15-19 | 6.6% |
| 20-24 | 7.0% |
| 25-44 | 31.9% |
| 45-65 | 24.3% |
| 66+ | 14.7% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 5.8% |
| Healthcare | 15.5% |
| Natural Resources Maintenance | 15.6% |
| Production & Transportation | 23.9% |
| Protect | 5.4% |
| Sales & Office | 21.2% |
| Other | 12.6% |
HIGHEST EDUCATION LEVEL
10% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 6.5% |
| High School | 39.1% |
| Masters Degree | 2.8% |
| Some College | 22.1% |
| Some High School | 23.0% |
| Other | 6.5% |
305 Elizabeth St Comps
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