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This page contains information about each property aggregated from public data sources, 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.

5014 Hollow Rock Rd Durham, NC 27707

5 Beds 4 Baths 3,048 sqft Built 1946
Last updated:  Jan 23, 2020

INVESTimate

$708,717

$700K - $718K

Price Est.

$1,751

$1.6K - $1.9K

Rent Est.

$734,160  ( +3.59%)   1 YR EST. FORECAST

5014 Hollow Rock Rd PROPERTY INFO

FACTS
  • Built In 1946
  • Price/Sqft : $232.52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,048 sqft
  • Baths : 4 Full
PROPERTY DESCRIPTION
5014 Hollow Rock Rd, Durham, NC 27707 is a single family home of 3,048 sqft. HomeUnion estimate for 5014 Hollow Rock Rd includes a Price Estimate of $708,717 and a Rent Estimate of $1,751. This single family home has 5 bedrooms, 4 bathrooms, and was built in 1946. This property has an estimated 15 year annualized Yield of 2.96% and Total Return of 6.57%. The estimated 1 year forecast in home value for 5014 Hollow Rock Rd is 3.59%.
  
  
  

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5014 Hollow Rock Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
EPHESUS ELEMENTARY SCHOOL Primary Regular 470 43 9
PHILLIPS MIDDLE SCHOOL Middle Regular 641 55 10
EAST CHAPEL HILL HIGH SCHOOL High Regular 1,397 82 8

EPHESUS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 470
  • # of teachers: 43
9
GreatSchools Rating

PHILLIPS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 55
10
GreatSchools Rating

EAST CHAPEL HILL HIGH SCHOOL

  • Education Level: High
  • # of students: 1,397
  • # of teachers: 82
8
GreatSchools Rating
 

Financial Details

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Neighborhood

DURHAM

  • 48,300

    POPULATION
  • 20,279

    HOUSEHOLDS
  • 70.9%

    WHITE COLLAR

Neighborhood : DURHAM

HOUSEHOLDS
20,279
POPULATION

48,300

57.1%Renters
42.9%Home Owners
LABOR FORCE

 

70.9%White Collar
29.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,751 per month.

MY RENT : $1,751 MEDIAN RENT : $1,415

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.4%
$900-999 5.2%
$1,000-1,499 50.6%
>=$1,500 42.9%
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 $1,751 would therefore be considered affordable for annual household incomes greater than $70,040 (12 months x 3.333 x $1,751).

Rent % Affordability
Above $500 81.0%
Above $700 72.3%
Above $1,100 53.7%
Above $1,500 40.5%
Above $1,900 31.0%
HOUSEHOLD INCOME RANGE

Approximately 5,737 of households in this neighborhood have a total annual income of $70,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,751 per month.

MINIMUM INCOME RANGE : $70,040

Income % Distribution
<$20K 19.0%
$20K-$35K 16.6%
$35K-$60K 23.8%
$60K-$100K 17.5%
>=$100K 23.1%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 11.3%
10-14 mins 20.8%
15-19 mins 21.2%
20-29 mins 24.7%
30-44 mins 11.5%
45-59 mins 4.2%
>60 mins 4.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,751 per month.

MY RENT : $1,751 MEDIAN RENT : $1,415

Rent % Distribution
$500-699 0.0%
$700-899 1.4%
$900-999 5.2%
$1,000-1,499 50.6%
>=$1,500 42.9%
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 $1,751 would therefore be considered affordable for annual household incomes greater than $70,040 (12 months x 3.333 x $1,751).

Rent % Affordability
Above $500 81.0%
Above $700 72.3%
Above $1,100 53.7%
Above $1,500 40.5%
Above $1,900 31.0%
HOUSEHOLD INCOME RANGE

Approximately 5,737 of households in this neighborhood have a total annual income of $70,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,751 per month.

MINIMUM INCOME RANGE : $70,040

Income % Distribution
<$20K 19.0%
$20K-$35K 16.6%
$35K-$60K 23.8%
$60K-$100K 17.5%
>=$100K 23.1%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 11.3%
10-14 mins 20.8%
15-19 mins 21.2%
20-29 mins 24.7%
30-44 mins 11.5%
45-59 mins 4.2%
>60 mins 4.3%

DURHAM Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.8%
Construction 7.0%
Educational Services 17.1%
Health Care & Social Assistance 18.4%
Professional & Scientific Tech Services 8.5%
Retail & Wholesale Trader 10.6%
Other 26.6%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 33% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 17.8%
15-19 6.4%
20-24 8.7%
25-44 31.8%
45-65 23.7%
66+ 11.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.7%
Construction 8.3%
Healthcare 12.0%
Management, Business, & Financial 18.7%
Natural Resources Maintenance 10.5%
Sales & Office 16.5%
Other 25.3%
HIGHEST EDUCATION LEVEL

30% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.2%
High School 15.7%
Masters Degree 13.3%
Some College 16.9%
Some High School 14.1%
Other 33.7%

5014 Hollow Rock Rd Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , ORANGE County , or the 27707 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

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