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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

3050 Bynum Farm Rd Pinetops, NC 27864

4 Beds 3 Baths 2,171 sqft Built 2009
Last updated:  Jan 23, 2020

INVESTimate

$111,760

$106K - $117K

Price Est.

$1,128

980 - $1.3K

Rent Est.

$112,017  ( +0.23%)   1 YR EST. FORECAST
  
  
  

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3050 Bynum Farm Rd PROPERTY INFO

FACTS
  • Built In 2009
  • Price/Sqft : $51.48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,171 sqft
  • Baths : 3 Full

3050 Bynum Farm Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
G W CARVER ELEMENTARY SCHOOL Primary Regular 913 50 NA
SOUTH EDGECOMBE MIDDLE SCHOOL Middle Regular 369 21 NA
SOUTHWEST EDGECOMBE HIGH SCHOOL High Regular 908 56 NA

G W CARVER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 913
  • # of teachers: 50
-1
GreatSchools Rating

SOUTH EDGECOMBE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 369
  • # of teachers: 21
-1
GreatSchools Rating

SOUTHWEST EDGECOMBE HIGH SCHOOL

  • Education Level: High
  • # of students: 908
  • # of teachers: 56
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

PINETOPS

  • 4,852

    POPULATION
  • 1,890

    HOUSEHOLDS
  • 52.4%

    WHITE COLLAR

Neighborhood : PINETOPS

HOUSEHOLDS
1,890
POPULATION

4,852

37.5%Renters
62.5%Home Owners
LABOR FORCE

 

52.4%White Collar
47.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 8% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,128 per month.

MY RENT : $1,128 MEDIAN RENT : $808

Rent % Distribution LEVEL
$500-699 8.3%
$700-899 66.0%
$900-999 14.6%
$1,000-1,499 11.0%
>=$1,500 0.0%
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 $1,128 would therefore be considered affordable for annual household incomes greater than $45,120 (12 months x 3.333 x $1,128).

Rent % Affordability
Above $500 74.2%
Above $700 62.6%
Above $1,100 41.9%
Above $1,500 30.6%
Above $1,900 22.7%
HOUSEHOLD INCOME RANGE

Approximately 679 of households in this neighborhood have a total annual income of $45,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,128 per month.

MINIMUM INCOME RANGE : $45,120

Income % Distribution
<$20K 25.8%
$20K-$35K 21.8%
$35K-$60K 21.8%
$60K-$100K 21.5%
>=$100K 9.1%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.7%
5-9 mins 10.9%
10-14 mins 12.2%
15-19 mins 17.5%
20-29 mins 21.4%
30-44 mins 22.9%
45-59 mins 6.4%
>60 mins 3.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 8% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,128 per month.

MY RENT : $1,128 MEDIAN RENT : $808

Rent % Distribution
$500-699 8.3%
$700-899 66.0%
$900-999 14.6%
$1,000-1,499 11.0%
>=$1,500 0.0%
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 $1,128 would therefore be considered affordable for annual household incomes greater than $45,120 (12 months x 3.333 x $1,128).

Rent % Affordability
Above $500 74.2%
Above $700 62.6%
Above $1,100 41.9%
Above $1,500 30.6%
Above $1,900 22.7%
HOUSEHOLD INCOME RANGE

Approximately 679 of households in this neighborhood have a total annual income of $45,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,128 per month.

MINIMUM INCOME RANGE : $45,120

Income % Distribution
<$20K 25.8%
$20K-$35K 21.8%
$35K-$60K 21.8%
$60K-$100K 21.5%
>=$100K 9.1%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.7%
5-9 mins 10.9%
10-14 mins 12.2%
15-19 mins 17.5%
20-29 mins 21.4%
30-44 mins 22.9%
45-59 mins 6.4%
>60 mins 3.9%

PINETOPS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 5.0%
Construction 12.2%
Educational Services 6.2%
Health Care & Social Assistance 14.2%
Manufacturing 16.3%
Retail & Wholesale Trader 19.4%
Other 26.8%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 31% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 19.7%
15-19 4.9%
20-24 6.2%
25-44 24.2%
45-65 28.2%
66+ 16.9%
OCCUPATION

Occupation % Distribution
Clean 6.6%
Healthcare 7.3%
Management, Business, & Financial 12.3%
Natural Resources Maintenance 16.6%
Production & Transportation 17.6%
Sales & Office 25.4%
Other 14.2%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.6%
High School 38.4%
Masters Degree 2.1%
Some College 18.2%
Some High School 23.1%
Other 8.5%

3050 Bynum Farm Rd Comps

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3050 Bynum Farm Rd, Pinetops, NC 27864 is a single family home of 2,171 sqft. HomeUnion INVESTimateĀ® for 3050 Bynum Farm Rd includes a Price Estimate of $111,760 and a Rent Estimate of $1,128. This single family home has 4 bedrooms,3 bathrooms, and was built in 2009. This property has an estimated 15 year annualized Yield of 12.11% and Total Return of 19.95%. The estimated 1 year forecast in home value for 3050 Bynum Farm Rd is 0.23%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , EDGECOMBE County , or the 27864 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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