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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

5025 Bowen Richardson Pl Ash, NC 28420

3 Beds 1 Baths 2,542 sqft Built 1890
Last updated:  Jan 23, 2020

INVESTimate

$237,061

$227K - $248K

Price Est.

$1,044

989 - $1.1K

Rent Est.

$245,382  ( +3.51%)   1 YR EST. FORECAST
  
  
  

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5025 Bowen Richardson Pl PROPERTY INFO

FACTS
  • Built In 1890
  • Price/Sqft : $93.26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,542 sqft
  • Baths : 1 Full

5025 Bowen Richardson Pl SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WEST BRUNSWICK HIGH SCHOOL High Regular 1,389 85 6

WEST BRUNSWICK HIGH SCHOOL

  • Education Level: High
  • # of students: 1,389
  • # of teachers: 85
6
GreatSchools Rating
 

Financial Details

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Neighborhood

ASH

  • 4,076

    POPULATION
  • 1,516

    HOUSEHOLDS
  • 47.5%

    WHITE COLLAR

Neighborhood : ASH

HOUSEHOLDS
1,516
POPULATION

4,076

34.1%Renters
65.9%Home Owners
LABOR FORCE

 

47.5%White Collar
52.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,044 per month.

MY RENT : $1,044 MEDIAN RENT : $1,073

Rent % Distribution LEVEL
$500-699 0.2%
$700-899 23.0%
$900-999 13.5%
$1,000-1,499 56.0%
>=$1,500 7.4%
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 $1,044 would therefore be considered affordable for annual household incomes greater than $41,760 (12 months x 3.333 x $1,044).

Rent % Affordability
Above $500 77.1%
Above $700 70.1%
Above $1,100 49.3%
Above $1,500 29.9%
Above $1,900 19.3%
HOUSEHOLD INCOME RANGE

Approximately 597 of households in this neighborhood have a total annual income of $41,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,044 per month.

MINIMUM INCOME RANGE : $41,760

Income % Distribution
<$20K 22.9%
$20K-$35K 16.0%
$35K-$60K 31.1%
$60K-$100K 18.9%
>=$100K 11.1%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.1%
5-9 mins 5.1%
10-14 mins 10.7%
15-19 mins 19.7%
20-29 mins 25.3%
30-44 mins 23.7%
45-59 mins 4.4%
>60 mins 8.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,044 per month.

MY RENT : $1,044 MEDIAN RENT : $1,073

Rent % Distribution
$500-699 0.2%
$700-899 23.0%
$900-999 13.5%
$1,000-1,499 56.0%
>=$1,500 7.4%
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 $1,044 would therefore be considered affordable for annual household incomes greater than $41,760 (12 months x 3.333 x $1,044).

Rent % Affordability
Above $500 77.1%
Above $700 70.1%
Above $1,100 49.3%
Above $1,500 29.9%
Above $1,900 19.3%
HOUSEHOLD INCOME RANGE

Approximately 597 of households in this neighborhood have a total annual income of $41,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,044 per month.

MINIMUM INCOME RANGE : $41,760

Income % Distribution
<$20K 22.9%
$20K-$35K 16.0%
$35K-$60K 31.1%
$60K-$100K 18.9%
>=$100K 11.1%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.1%
5-9 mins 5.1%
10-14 mins 10.7%
15-19 mins 19.7%
20-29 mins 25.3%
30-44 mins 23.7%
45-59 mins 4.4%
>60 mins 8.9%

ASH Demographics

INDUSTRY

Industry % Distribution
Administrative Support 9.7%
Arts & Entertainment 10.0%
Construction 19.5%
Health Care & Social Assistance 17.1%
Information 5.2%
Retail & Wholesale Trader 13.8%
Other 24.7%
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 21.1%
15-19 6.0%
20-24 3.6%
25-44 27.2%
45-65 25.0%
66+ 17.0%
OCCUPATION

Occupation % Distribution
Clean 12.9%
Healthcare 16.7%
Management, Business, & Financial 13.0%
Natural Resources Maintenance 20.8%
Production & Transportation 7.2%
Sales & Office 15.1%
Other 14.2%
HIGHEST EDUCATION LEVEL

10% 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 39.5%
Masters Degree 2.2%
Some College 19.9%
Some High School 20.5%
Other 9.9%

5025 Bowen Richardson Pl Comps

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5025 Bowen Richardson Pl, Ash, NC 28420 is a single family home of 2,542 sqft. HomeUnion INVESTimateĀ® for 5025 Bowen Richardson Pl includes a Price Estimate of $237,061 and a Rent Estimate of $1,044. This single family home has 3 bedrooms,1 bathrooms, and was built in 1890. This property has an estimated 15 year annualized Yield of 5.28% and Total Return of 13.97%. The estimated 1 year forecast in home value for 5025 Bowen Richardson Pl is 3.51%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , BRUNSWICK County , or the 28420 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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