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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

404 N Us 301 Hwy Micro, NC 27555

2 Beds 1 Baths 1,232 sqft Built 1918
Last updated:  Oct 23, 2019

INVESTimate

$97,900

$92.6K - $103K

Price Est.

$807

763 - 851

Rent Est.

$102,198  ( +4.39%)   1 YR EST. FORECAST
  
  
  

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404 N Us 301 Hwy PROPERTY INFO

FACTS
  • Built In 1918
  • Price/Sqft : $79.46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,232 sqft
  • Baths : 1 Full

404 N Us 301 Hwy SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MICRO ELEMENTARY SCHOOL Primary Unknown NA
NORTH JOHNSTON MIDDLE SCHOOL Middle Regular 637 38 6
NORTH JOHNSTON HIGH SCHOOL High Regular 716 50 5

MICRO ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

NORTH JOHNSTON MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 38
6
GreatSchools Rating

NORTH JOHNSTON HIGH SCHOOL

  • Education Level: High
  • # of students: 716
  • # of teachers: 50
5
GreatSchools Rating
 

Financial Details

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Neighborhood

MICRO

  • 62

    POPULATION
  • 21

    HOUSEHOLDS
  • 61.1%

    WHITE COLLAR

Neighborhood : MICRO

HOUSEHOLDS
21
POPULATION

62

47.8%Renters
52.2%Home Owners
LABOR FORCE

 

61.1%White Collar
38.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 56% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $807 per month.

MY RENT : $807 MEDIAN RENT : $805

Rent % Distribution LEVEL
$500-699 20.5%
$700-899 43.8%
$900-999 8.9%
$1,000-1,499 26.8%
>=$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 $807 would therefore be considered affordable for annual household incomes greater than $32,280 (12 months x 3.333 x $807).

Rent % Affordability
Above $500 65.0%
Above $700 62.0%
Above $1,100 35.0%
Above $1,500 30.0%
Above $1,900 9.8%
HOUSEHOLD INCOME RANGE

Approximately 37 of households in this neighborhood have a total annual income of $32,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $807 per month.

MINIMUM INCOME RANGE : $32,280

Income % Distribution
<$20K 35.0%
$20K-$35K 15.0%
$35K-$60K 20.0%
$60K-$100K 25.0%
>=$100K 5.0%
COMMUTE TIME DISTRIBUTION

39% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 13.0%
10-14 mins 17.4%
15-19 mins 21.7%
20-29 mins 8.7%
30-44 mins 8.7%
45-59 mins 13.0%
>60 mins 13.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 56% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $807 per month.

MY RENT : $807 MEDIAN RENT : $805

Rent % Distribution
$500-699 20.5%
$700-899 43.8%
$900-999 8.9%
$1,000-1,499 26.8%
>=$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 $807 would therefore be considered affordable for annual household incomes greater than $32,280 (12 months x 3.333 x $807).

Rent % Affordability
Above $500 65.0%
Above $700 62.0%
Above $1,100 35.0%
Above $1,500 30.0%
Above $1,900 9.8%
HOUSEHOLD INCOME RANGE

Approximately 37 of households in this neighborhood have a total annual income of $32,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $807 per month.

MINIMUM INCOME RANGE : $32,280

Income % Distribution
<$20K 35.0%
$20K-$35K 15.0%
$35K-$60K 20.0%
$60K-$100K 25.0%
>=$100K 5.0%
COMMUTE TIME DISTRIBUTION

39% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 13.0%
10-14 mins 17.4%
15-19 mins 21.7%
20-29 mins 8.7%
30-44 mins 8.7%
45-59 mins 13.0%
>60 mins 13.0%

MICRO Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 21.4%
Construction 7.1%
Health Care & Social Assistance 10.7%
Manufacturing 25.0%
Retail & Wholesale Trader 17.9%
Transportation 3.6%
Other 14.3%
AGE DISTRIBUTION

44% of the population is between the ages of 25 and 64, 42% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 27.4%
15-19 3.2%
20-24 11.3%
25-44 27.4%
45-65 16.1%
66+ 14.5%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.1%
Construction 7.1%
Management, Business, & Financial 7.1%
Production & Transportation 35.7%
Sales & Office 42.9%
Social 0.0%
Other 0.0%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 16.7%
High School 44.4%
Professional 0.0%
Some College 22.2%
Some High School 13.9%
Other 2.8%

404 N Us 301 Hwy Comps

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404 N Us 301 Hwy, Micro, NC 27555 is a single family home of 1,232 sqft. HomeUnion INVESTimateĀ® for 404 N Us 301 Hwy includes a Price Estimate of $97,900 and a Rent Estimate of $807. This single family home has 2 bedrooms,1 bathrooms, and was built in 1918. This property has an estimated 15 year annualized Yield of 9.89% and Total Return of 21.26%. The estimated 1 year forecast in home value for 404 N Us 301 Hwy is 4.39%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , JOHNSTON County , or the 27555 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 27542
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  3. 27577
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  5. 28366
  6. 27569