Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

52 Fairway Dr Lake Toxaway, NC 28747

3 Beds 4 Baths 2,447 sqft Built 1999
Last updated:  Jan 23, 2020

INVESTimate

$315,727

$275K - $356K

Price Est.

$2,393

$2.1K - $2.7K

Rent Est.

$312,601  ( -0.99%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1808 ASHBOROUGH WAY SE Marietta, GA
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units
    AVAILABLE fmls
    • 15.60% GROSS YIELD
    • $5,557 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,300
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1339 HOLBECH LANE Channelview, TX
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units
    AVAILABLE
    • 14.73% GROSS YIELD
    • $7,387 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $34,900
    • $1,350

52 Fairway Dr PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $129.03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,447 sqft
  • Baths : 3 Full 1 Half

52 Fairway Dr SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

LAKE TOXAWAY

  • 1,916

    POPULATION
  • 845

    HOUSEHOLDS
  • 52.8%

    WHITE COLLAR

Neighborhood : LAKE TOXAWAY

HOUSEHOLDS
845
POPULATION

1,916

18.5%Renters
81.5%Home Owners
LABOR FORCE

 

52.8%White Collar
47.2%Blue Collar
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 $2,393 per month.

MY RENT : $2,393 MEDIAN RENT : $1,494

Rent % Distribution LEVEL
$500-699 0.5%
$700-899 8.7%
$900-999 8.8%
$1,000-1,499 32.4%
>=$1,500 49.7%
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 $2,393 would therefore be considered affordable for annual household incomes greater than $95,720 (12 months x 3.333 x $2,393).

Rent % Affordability
Above $500 80.4%
Above $700 69.0%
Above $1,100 40.6%
Above $1,500 29.9%
Above $1,900 21.9%
HOUSEHOLD INCOME RANGE

Approximately 120 of households in this neighborhood have a total annual income of $95,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,393 per month.

MINIMUM INCOME RANGE : $95,720

Income % Distribution
<$20K 19.6%
$20K-$35K 22.0%
$35K-$60K 28.5%
$60K-$100K 16.4%
>=$100K 13.5%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.1%
5-9 mins 8.6%
10-14 mins 10.2%
15-19 mins 8.8%
20-29 mins 19.4%
30-44 mins 30.8%
45-59 mins 5.5%
>60 mins 12.8%
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 $2,393 per month.

MY RENT : $2,393 MEDIAN RENT : $1,494

Rent % Distribution
$500-699 0.5%
$700-899 8.7%
$900-999 8.8%
$1,000-1,499 32.4%
>=$1,500 49.7%
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 $2,393 would therefore be considered affordable for annual household incomes greater than $95,720 (12 months x 3.333 x $2,393).

Rent % Affordability
Above $500 80.4%
Above $700 69.0%
Above $1,100 40.6%
Above $1,500 29.9%
Above $1,900 21.9%
HOUSEHOLD INCOME RANGE

Approximately 120 of households in this neighborhood have a total annual income of $95,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,393 per month.

MINIMUM INCOME RANGE : $95,720

Income % Distribution
<$20K 19.6%
$20K-$35K 22.0%
$35K-$60K 28.5%
$60K-$100K 16.4%
>=$100K 13.5%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.1%
5-9 mins 8.6%
10-14 mins 10.2%
15-19 mins 8.8%
20-29 mins 19.4%
30-44 mins 30.8%
45-59 mins 5.5%
>60 mins 12.8%

LAKE TOXAWAY Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.6%
Construction 17.6%
Educational Services 8.1%
Health Care & Social Assistance 7.3%
Professional & Scientific Tech Services 10.9%
Retail & Wholesale Trader 14.7%
Other 33.8%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 19% is 24 or younger and 28% is 65 or older.

Age % Distribution
<15 9.7%
15-19 6.3%
20-24 3.4%
25-44 19.7%
45-65 32.9%
66+ 28.0%
OCCUPATION

Occupation % Distribution
Healthcare 6.6%
Management, Business, & Financial 17.2%
Natural Resources Maintenance 14.9%
PCare 10.0%
Production & Transportation 11.5%
Sales & Office 29.6%
Other 10.2%
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 7.3%
High School 41.8%
Masters Degree 3.1%
Some College 21.6%
Some High School 12.0%
Other 14.3%

52 Fairway Dr Comps

Sorry, we do not have sufficient data available.

52 Fairway Dr, Lake Toxaway, NC 28747 is a single family home of 2,447 sqft. HomeUnion INVESTimateĀ® for 52 Fairway Dr includes a Price Estimate of $315,727 and a Rent Estimate of $2,393. This single family home has 3 bedrooms,4 bathrooms, and was built in 1999. This property has an estimated 15 year annualized Yield of 9.10% and Total Return of 15.73%. The estimated 1 year forecast in home value for 52 Fairway Dr is -0.99%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , TRANSYLVANIA County , or the 28747 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available

Nearest zipcodes within 2 miles

  1. 28739
  2. 28768
  3. 28774
  4. 28712