Sell Your Property

Easily Access a network of motivated buyers
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.

...MORE

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.

583 Olin Loop Olin, NC 28660

0 Beds 1 Baths 1,008 sqft Built 1965
Last updated:  Jan 23, 2020

INVESTimate

$129,450

$123K - $135K

Price Est.

$729

688 - 770

Rent Est.

$137,631  ( +6.32%)   1 YR EST. FORECAST

583 Olin Loop PROPERTY INFO

FACTS
  • Built In 1965
  • Price/Sqft : $128.42
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,008 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
583 Olin Loop, Olin, NC 28660 is a single family home of 1,008 sqft. HomeUnion estimate for 583 Olin Loop includes a Price Estimate of $129,450 and a Rent Estimate of $729. This single family home has 0 bedrooms, 1 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 6.76% and Total Return of 20.37%. The estimated 1 year forecast in home value for 583 Olin Loop is 6.32%.
  
  
  

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

  • 3301 HENDERSON MILL ROAD Atlanta, GA
    • 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units
    AVAILABLE fmls
    • 13.98% GROSS YIELD
    • $7,359 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $170,000
    • $50,800
    • $1,980
  • 2032 GLENRIDGE DRIVE Indianapolis, IN
    • 4 beds 1 baths ∙ 1,820 Sqft ∙ Built 1949 ∙ 1units 4 beds 1 baths ∙ 1,820 Sqft ∙ Built 1949 ∙ 1units
    AVAILABLE
    • 12.40% GROSS YIELD
    • $5,248 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $90,000
    • $29,600
    • $930
  • 6980 MERRYWOOD DRIVE Fairburn, GA
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1978 ∙ 1units 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1978 ∙ 1units
    AVAILABLE fmls
    • 12.00% GROSS YIELD
    • $10,782 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $140,000
    • $42,850
    • $1,400
  • 809 California STREET Tallahassee, FL
    • 8 beds 8 baths ∙ 3,840 Sqft ∙ Built 1978 ∙ 4units 8 beds 8 baths ∙ 3,840 Sqft ∙ Built 1978 ∙ 4units
    AVAILABLE
    • 11.70% GROSS YIELD
    • $19,240 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $299,900
    • $90,974
    • $2,925

583 Olin Loop 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

OLIN

  • 2,420

    POPULATION
  • 872

    HOUSEHOLDS
  • 45.6%

    WHITE COLLAR

Neighborhood : OLIN

HOUSEHOLDS
872
POPULATION

2,420

26.4%Renters
73.6%Home Owners
LABOR FORCE

 

45.6%White Collar
54.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $729 per month.

MY RENT : $729 MEDIAN RENT : $875

Rent % Distribution LEVEL
$500-699 5.6%
$700-899 46.6%
$900-999 12.6%
$1,000-1,499 30.7%
>=$1,500 4.4%
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 $729 would therefore be considered affordable for annual household incomes greater than $29,160 (12 months x 3.333 x $729).

Rent % Affordability
Above $500 85.9%
Above $700 76.3%
Above $1,100 53.4%
Above $1,500 39.3%
Above $1,900 25.3%
HOUSEHOLD INCOME RANGE

Approximately 2,144 of households in this neighborhood have a total annual income of $29,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $729 per month.

MINIMUM INCOME RANGE : $29,160

Income % Distribution
<$20K 14.1%
$20K-$35K 19.7%
$35K-$60K 26.9%
$60K-$100K 25.1%
>=$100K 14.3%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.4%
5-9 mins 10.7%
10-14 mins 8.9%
15-19 mins 16.6%
20-29 mins 23.8%
30-44 mins 20.7%
45-59 mins 10.3%
>60 mins 4.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $729 per month.

MY RENT : $729 MEDIAN RENT : $875

Rent % Distribution
$500-699 5.6%
$700-899 46.6%
$900-999 12.6%
$1,000-1,499 30.7%
>=$1,500 4.4%
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 $729 would therefore be considered affordable for annual household incomes greater than $29,160 (12 months x 3.333 x $729).

Rent % Affordability
Above $500 85.9%
Above $700 76.3%
Above $1,100 53.4%
Above $1,500 39.3%
Above $1,900 25.3%
HOUSEHOLD INCOME RANGE

Approximately 2,144 of households in this neighborhood have a total annual income of $29,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $729 per month.

MINIMUM INCOME RANGE : $29,160

Income % Distribution
<$20K 14.1%
$20K-$35K 19.7%
$35K-$60K 26.9%
$60K-$100K 25.1%
>=$100K 14.3%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.4%
5-9 mins 10.7%
10-14 mins 8.9%
15-19 mins 16.6%
20-29 mins 23.8%
30-44 mins 20.7%
45-59 mins 10.3%
>60 mins 4.5%

OLIN Demographics

INDUSTRY

Industry % Distribution
Construction 6.9%
Educational Services 10.6%
Health Care & Social Assistance 9.8%
Manufacturing 22.2%
Retail & Wholesale Trader 18.3%
Transportation 7.3%
Other 24.9%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 28% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 15.4%
15-19 8.2%
20-24 4.8%
25-44 24.1%
45-65 30.2%
66+ 17.3%
OCCUPATION

Occupation % Distribution
Healthcare 7.6%
Management, Business, & Financial 14.0%
Natural Resources Maintenance 20.2%
Production & Transportation 28.1%
Protect 5.1%
Sales & Office 13.3%
Other 11.7%
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 10.2%
High School 38.0%
Masters Degree 3.9%
Some College 22.1%
Some High School 13.6%
Other 12.1%

583 Olin Loop Comps

Sorry, we do not have sufficient data available.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , IREDELL County , or the 28660 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. 28625