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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

502 Lucas Rd Star, NC 27356

4 Beds 3 Baths 3,072 sqft Built 2017
Last updated:  Jan 23, 2020

INVESTimate

$166,647

$152K - $181K

Price Est.

$1,246

$1.1K - $1.4K

Rent Est.

$196,160  ( +17.71%)   1 YR EST. FORECAST
  
  
  

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502 Lucas Rd PROPERTY INFO

FACTS
  • Built In 2017
  • Price/Sqft : $54.25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,072 sqft
  • Baths : 3 Full

502 Lucas Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PAGE STREET ELEMENTARY SCHOOL Primary Regular 303 20 NA
WEST MIDDLE SCHOOL Middle Regular 505 30 NA
WEST MONTGOMERY HIGH SCHOOL High Regular 565 41 NA

PAGE STREET ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 303
  • # of teachers: 20
-1
GreatSchools Rating

WEST MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 505
  • # of teachers: 30
-1
GreatSchools Rating

WEST MONTGOMERY HIGH SCHOOL

  • Education Level: High
  • # of students: 565
  • # of teachers: 41
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

STAR

  • 2,992

    POPULATION
  • 1,257

    HOUSEHOLDS
  • 42.0%

    WHITE COLLAR

Neighborhood : STAR

HOUSEHOLDS
1,257
POPULATION

2,992

31.2%Renters
68.8%Home Owners
LABOR FORCE

 

42.0%White Collar
58.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 7% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,246 per month.

MY RENT : $1,246 MEDIAN RENT : $760

Rent % Distribution LEVEL
$500-699 23.2%
$700-899 55.5%
$900-999 8.8%
$1,000-1,499 11.4%
>=$1,500 1.1%
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 $1,246 would therefore be considered affordable for annual household incomes greater than $49,840 (12 months x 3.333 x $1,246).

Rent % Affordability
Above $500 78.5%
Above $700 62.6%
Above $1,100 47.8%
Above $1,500 37.2%
Above $1,900 23.4%
HOUSEHOLD INCOME RANGE

Approximately 501 of households in this neighborhood have a total annual income of $49,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,246 per month.

MINIMUM INCOME RANGE : $49,840

Income % Distribution
<$20K 21.5%
$20K-$35K 24.8%
$35K-$60K 16.6%
$60K-$100K 26.3%
>=$100K 10.8%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.4%
5-9 mins 5.2%
10-14 mins 22.2%
15-19 mins 14.8%
20-29 mins 20.7%
30-44 mins 18.3%
45-59 mins 8.5%
>60 mins 2.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 7% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,246 per month.

MY RENT : $1,246 MEDIAN RENT : $760

Rent % Distribution
$500-699 23.2%
$700-899 55.5%
$900-999 8.8%
$1,000-1,499 11.4%
>=$1,500 1.1%
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 $1,246 would therefore be considered affordable for annual household incomes greater than $49,840 (12 months x 3.333 x $1,246).

Rent % Affordability
Above $500 78.5%
Above $700 62.6%
Above $1,100 47.8%
Above $1,500 37.2%
Above $1,900 23.4%
HOUSEHOLD INCOME RANGE

Approximately 501 of households in this neighborhood have a total annual income of $49,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,246 per month.

MINIMUM INCOME RANGE : $49,840

Income % Distribution
<$20K 21.5%
$20K-$35K 24.8%
$35K-$60K 16.6%
$60K-$100K 26.3%
>=$100K 10.8%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.4%
5-9 mins 5.2%
10-14 mins 22.2%
15-19 mins 14.8%
20-29 mins 20.7%
30-44 mins 18.3%
45-59 mins 8.5%
>60 mins 2.8%

STAR Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.7%
Construction 8.5%
Educational Services 7.8%
Health Care & Social Assistance 12.9%
Manufacturing 28.6%
Retail & Wholesale Trader 5.8%
Other 27.8%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 28% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 13.3%
15-19 7.2%
20-24 7.8%
25-44 24.3%
45-65 28.0%
66+ 19.5%
OCCUPATION

Occupation % Distribution
Clean 5.9%
Healthcare 12.5%
Management, Business, & Financial 14.0%
Natural Resources Maintenance 19.1%
Production & Transportation 24.1%
Sales & Office 11.8%
Other 12.6%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.5%
High School 37.2%
Masters Degree 2.5%
Some College 20.0%
Some High School 20.3%
Other 6.6%

502 Lucas Rd Comps

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502 Lucas Rd, Star, NC 27356 is a single family home of 3,072 sqft. HomeUnion INVESTimateĀ® for 502 Lucas Rd includes a Price Estimate of $166,647 and a Rent Estimate of $1,246. This single family home has 4 bedrooms,3 bathrooms, and was built in 2017. This property has an estimated 15 year annualized Yield of 8.97% and Total Return of 51.90%. The estimated 1 year forecast in home value for 502 Lucas Rd is 17.71%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , MONTGOMERY County , or the 27356 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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