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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

447 Sloans Mill Rd Olin, NC 28660

3 Beds 2 Baths 1,144 sqft Built 1992
Last updated:  Jan 23, 2020

INVESTimate

$131,346

$125K - $138K

Price Est.

$1,012

955 - $1.1K

Rent Est.

$139,647  ( +6.32%)   1 YR EST. FORECAST
  
  
  

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447 Sloans Mill Rd PROPERTY INFO

FACTS
  • Built In 1992
  • Price/Sqft : $114.81
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,144 sqft
  • Baths : 2 Full

447 Sloans Mill Rd SCHOOLS

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Financial Details

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Neighborhood

OLIN

  • 2,420

    POPULATION
  • 872

    HOUSEHOLDS
  • 45.6%

    WHITE COLLAR

Neighborhood : OLIN

HOUSEHOLDS
872
POPULATION

2,420

26.4%Renters
73.6%Home Owners
LABOR FORCE

 

45.6%White Collar
54.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,012 per month.

MY RENT : $1,012 MEDIAN RENT : $875

Rent % Distribution LEVEL
$500-699 5.6%
$700-899 46.6%
$900-999 12.6%
$1,000-1,499 30.7%
>=$1,500 4.4%
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 $1,012 would therefore be considered affordable for annual household incomes greater than $40,480 (12 months x 3.333 x $1,012).

Rent % Affordability
Above $500 85.9%
Above $700 76.3%
Above $1,100 53.4%
Above $1,500 39.3%
Above $1,900 25.3%
HOUSEHOLD INCOME RANGE

Approximately 418 of households in this neighborhood have a total annual income of $40,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,012 per month.

MINIMUM INCOME RANGE : $40,480

Income % Distribution
<$20K 14.1%
$20K-$35K 19.7%
$35K-$60K 26.9%
$60K-$100K 25.1%
>=$100K 14.3%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.4%
5-9 mins 10.7%
10-14 mins 8.9%
15-19 mins 16.6%
20-29 mins 23.8%
30-44 mins 20.7%
45-59 mins 10.3%
>60 mins 4.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,012 per month.

MY RENT : $1,012 MEDIAN RENT : $875

Rent % Distribution
$500-699 5.6%
$700-899 46.6%
$900-999 12.6%
$1,000-1,499 30.7%
>=$1,500 4.4%
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 $1,012 would therefore be considered affordable for annual household incomes greater than $40,480 (12 months x 3.333 x $1,012).

Rent % Affordability
Above $500 85.9%
Above $700 76.3%
Above $1,100 53.4%
Above $1,500 39.3%
Above $1,900 25.3%
HOUSEHOLD INCOME RANGE

Approximately 418 of households in this neighborhood have a total annual income of $40,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,012 per month.

MINIMUM INCOME RANGE : $40,480

Income % Distribution
<$20K 14.1%
$20K-$35K 19.7%
$35K-$60K 26.9%
$60K-$100K 25.1%
>=$100K 14.3%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.4%
5-9 mins 10.7%
10-14 mins 8.9%
15-19 mins 16.6%
20-29 mins 23.8%
30-44 mins 20.7%
45-59 mins 10.3%
>60 mins 4.5%

OLIN Demographics

INDUSTRY

Industry % Distribution
Construction 6.9%
Educational Services 10.6%
Health Care & Social Assistance 9.8%
Manufacturing 22.2%
Retail & Wholesale Trader 18.3%
Transportation 7.3%
Other 24.9%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 28% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 15.4%
15-19 8.2%
20-24 4.8%
25-44 24.1%
45-65 30.2%
66+ 17.3%
OCCUPATION

Occupation % Distribution
Healthcare 7.6%
Management, Business, & Financial 14.0%
Natural Resources Maintenance 20.2%
Production & Transportation 28.1%
Protect 5.1%
Sales & Office 13.3%
Other 11.7%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.2%
High School 38.0%
Masters Degree 3.9%
Some College 22.1%
Some High School 13.6%
Other 12.1%

447 Sloans Mill Rd Comps

Sorry, we do not have sufficient data available.

447 Sloans Mill Rd, Olin, NC 28660 is a single family home of 1,144 sqft. HomeUnion INVESTimateĀ® for 447 Sloans Mill Rd includes a Price Estimate of $131,346 and a Rent Estimate of $1,012. This single family home has 3 bedrooms,2 bathrooms, and was built in 1992. This property has an estimated 15 year annualized Yield of 9.25% and Total Return of 26.33%. The estimated 1 year forecast in home value for 447 Sloans Mill Rd is 6.32%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , IREDELL County , or the 28660 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 28634