INVESTimate
$43,366
4734 S Creek Rd PROPERTY INFO
FACTS
- Built In 1951
- Price/Sqft : $80.01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,503 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
4734 S Creek Rd, Orrum, NC 28369 is a single family home of 1,503 sqft. HomeUnion estimate for 4734 S Creek Rd includes a Price Estimate of $120,249 and a Rent Estimate of $809. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1951. This property has an estimated 15 year annualized Yield of 8.07% and Total Return of 14.90%. The estimated 1 year forecast in home value for 4734 S Creek Rd is 1.45%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
4734 S Creek Rd SCHOOLS
Financial Details
See Financial Details
To review the detailed projections for this property, sign up for a FREE account
ORRUM
Neighborhood : ORRUM
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 50% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $809 per month.
MY RENT : $809 MEDIAN RENT : $756
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 $809 would therefore be considered affordable for annual household incomes greater than $32,360 (12 months x 3.333 x $809).
HOUSEHOLD INCOME RANGE
Approximately 2,958 of households in this neighborhood have a total annual income of $32,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $809 per month.
MINIMUM INCOME RANGE : $32,360
COMMUTE TIME DISTRIBUTION
61% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.
ORRUM Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Agriculture, Fishing & Game | 6.3% |
Construction | 7.0% |
Educational Services | 12.7% |
Health Care & Social Assistance | 15.9% |
Manufacturing | 8.9% |
Retail & Wholesale Trader | 19.3% |
Other | 29.8% |
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 | 14.9% |
15-19 | 9.1% |
20-24 | 7.0% |
25-44 | 22.9% |
45-65 | 29.0% |
66+ | 17.1% |
OCCUPATION
Occupation | % Distribution |
---|---|
Clean | 5.3% |
Construction | 12.8% |
Management, Business, & Financial | 9.8% |
Natural Resources Maintenance | 12.6% |
Production & Transportation | 15.1% |
Sales & Office | 30.4% |
Other | 14.0% |
HIGHEST EDUCATION LEVEL
14% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 7.9% |
High School | 34.5% |
Masters Degree | 4.6% |
Some College | 23.0% |
Some High School | 21.8% |
Other | 8.2% |
4734 S Creek Rd Comps
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , ROBESON County , or the 28369 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2