INVESTimate
$40,179
306 Orange St PROPERTY INFO
FACTS
- Built In 1945
- Price/Sqft : $68.32
CONSTRUCTION
- Beds : 0
- Floor Size : 1,584 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
306 Orange St, Tabor City, NC 28463 is a single family home of 1,584 sqft. HomeUnion estimate for 306 Orange St includes a Price Estimate of $108,222 and a Rent Estimate of $837. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1945. This property has an estimated 15 year annualized Yield of 9.28% and Total Return of 13.43%. The estimated 1 year forecast in home value for 306 Orange St is -1.29%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
306 Orange St SCHOOLS
Financial Details
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TABOR CITY
Neighborhood : TABOR CITY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 49% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $837 per month.
MY RENT : $837 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 $837 would therefore be considered affordable for annual household incomes greater than $33,480 (12 months x 3.333 x $837).
HOUSEHOLD INCOME RANGE
Approximately 6,539 of households in this neighborhood have a total annual income of $33,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $837 per month.
MINIMUM INCOME RANGE : $33,480
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% |
306 Orange St Comps
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