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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

5321 Bassett Pl Boomer, NC 28606

3 Beds 3 Baths 2,149 sqft Built 2008
Last updated:  Jan 23, 2020

INVESTimate

$302,568

$283K - $322K

Price Est.

$1,582

$1.4K - $1.8K

Rent Est.

$307,167  ( +1.52%)   1 YR EST. FORECAST
  
  
  

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5321 Bassett Pl PROPERTY INFO

FACTS
  • Built In 2008
  • Price/Sqft : $140.79
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,149 sqft
  • Baths : 3 Full

5321 Bassett Pl SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
KINGS CREEK ELEMENTARY SCHOOL Primary Regular 241 15 NA
KINGS CREEK ELEMENTARY SCHOOL Middle Regular 241 15 NA
HIBRITEN HIGH SCHOOL High Regular 873 66 NA

KINGS CREEK ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 241
  • # of teachers: 15
-1
GreatSchools Rating

KINGS CREEK ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 241
  • # of teachers: 15
-1
GreatSchools Rating

HIBRITEN HIGH SCHOOL

  • Education Level: High
  • # of students: 873
  • # of teachers: 66
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

BOOMER

  • 1,544

    POPULATION
  • 605

    HOUSEHOLDS
  • 38.4%

    WHITE COLLAR

Neighborhood : BOOMER

HOUSEHOLDS
605
POPULATION

1,544

22.6%Renters
77.4%Home Owners
LABOR FORCE

 

38.4%White Collar
61.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 5% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,582 per month.

MY RENT : $1,582 MEDIAN RENT : $934

Rent % Distribution LEVEL
$500-699 5.6%
$700-899 38.0%
$900-999 14.9%
$1,000-1,499 36.1%
>=$1,500 5.3%
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 $1,582 would therefore be considered affordable for annual household incomes greater than $63,280 (12 months x 3.333 x $1,582).

Rent % Affordability
Above $500 73.1%
Above $700 57.8%
Above $1,100 45.4%
Above $1,500 34.1%
Above $1,900 23.2%
HOUSEHOLD INCOME RANGE

Approximately 109 of households in this neighborhood have a total annual income of $63,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,582 per month.

MINIMUM INCOME RANGE : $63,280

Income % Distribution
<$20K 26.9%
$20K-$35K 19.9%
$35K-$60K 19.1%
$60K-$100K 25.1%
>=$100K 9.0%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.7%
5-9 mins 9.5%
10-14 mins 7.9%
15-19 mins 18.8%
20-29 mins 23.2%
30-44 mins 23.7%
45-59 mins 3.9%
>60 mins 6.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 5% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,582 per month.

MY RENT : $1,582 MEDIAN RENT : $934

Rent % Distribution
$500-699 5.6%
$700-899 38.0%
$900-999 14.9%
$1,000-1,499 36.1%
>=$1,500 5.3%
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 $1,582 would therefore be considered affordable for annual household incomes greater than $63,280 (12 months x 3.333 x $1,582).

Rent % Affordability
Above $500 73.1%
Above $700 57.8%
Above $1,100 45.4%
Above $1,500 34.1%
Above $1,900 23.2%
HOUSEHOLD INCOME RANGE

Approximately 109 of households in this neighborhood have a total annual income of $63,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,582 per month.

MINIMUM INCOME RANGE : $63,280

Income % Distribution
<$20K 26.9%
$20K-$35K 19.9%
$35K-$60K 19.1%
$60K-$100K 25.1%
>=$100K 9.0%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.7%
5-9 mins 9.5%
10-14 mins 7.9%
15-19 mins 18.8%
20-29 mins 23.2%
30-44 mins 23.7%
45-59 mins 3.9%
>60 mins 6.3%

BOOMER Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 8.4%
Health Care & Social Assistance 17.0%
Manufacturing 25.6%
Public Administration 9.8%
Retail & Wholesale Trader 8.7%
Transportation 5.6%
Other 24.9%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 24% is 24 or younger and 23% is 65 or older.

Age % Distribution
<15 19.0%
15-19 2.7%
20-24 2.5%
25-44 23.4%
45-65 29.8%
66+ 22.5%
OCCUPATION

Occupation % Distribution
Clean 8.3%
Healthcare 10.7%
Management, Business, & Financial 12.5%
Production & Transportation 25.0%
Protect 10.9%
Sales & Office 15.1%
Other 17.4%
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 10.4%
High School 30.7%
Masters Degree 5.3%
Some College 29.5%
Some High School 17.7%
Other 6.4%

5321 Bassett Pl Comps

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5321 Bassett Pl, Boomer, NC 28606 is a single family home of 2,149 sqft. HomeUnion INVESTimateĀ® for 5321 Bassett Pl includes a Price Estimate of $302,568 and a Rent Estimate of $1,582. This single family home has 3 bedrooms,3 bathrooms, and was built in 2008. This property has an estimated 15 year annualized Yield of 6.27% and Total Return of 13.48%. The estimated 1 year forecast in home value for 5321 Bassett Pl is 1.52%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , CALDWELL County , or the 28606 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

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