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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

586 Pats Rd Orrum, NC 28369

3 Beds 2 Baths 1,568 sqft Built 1992
Last updated:  Jan 23, 2020

INVESTimate

$54,301

$50.0K - $58.6K

Price Est.

$764

693 - 835

Rent Est.

$55,088  ( +1.45%)   1 YR EST. FORECAST
  
  
  

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586 Pats Rd PROPERTY INFO

FACTS
  • Built In 1992
  • Price/Sqft : $34.63
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,568 sqft
  • Baths : 2 Full

586 Pats Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ROSENWALD ELEMENTARY SCHOOL Primary Regular 525 29 NA
EARLY COLLEGE HIGH SCHOOL High Regular 164 10 NA

ROSENWALD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 29
-1
GreatSchools Rating

EARLY COLLEGE HIGH SCHOOL

  • Education Level: High
  • # of students: 164
  • # of teachers: 10
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

ORRUM

  • 2,667

    POPULATION
  • 1,043

    HOUSEHOLDS
  • 50.3%

    WHITE COLLAR

Neighborhood : ORRUM

HOUSEHOLDS
1,043
POPULATION

2,667

26.1%Renters
73.9%Home Owners
LABOR FORCE

 

50.3%White Collar
49.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 66% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $764 per month.

MY RENT : $764 MEDIAN RENT : $769

Rent % Distribution LEVEL
$500-699 13.9%
$700-899 62.8%
$900-999 8.1%
$1,000-1,499 15.2%
>=$1,500 0.0%
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 $764 would therefore be considered affordable for annual household incomes greater than $30,560 (12 months x 3.333 x $764).

Rent % Affordability
Above $500 66.2%
Above $700 54.6%
Above $1,100 31.4%
Above $1,500 20.5%
Above $1,900 12.1%
HOUSEHOLD INCOME RANGE

Approximately 2,860 of households in this neighborhood have a total annual income of $30,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $764 per month.

MINIMUM INCOME RANGE : $30,560

Income % Distribution
<$20K 33.8%
$20K-$35K 25.6%
$35K-$60K 20.0%
$60K-$100K 13.6%
>=$100K 6.9%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.7%
5-9 mins 2.5%
10-14 mins 16.9%
15-19 mins 18.5%
20-29 mins 26.1%
30-44 mins 21.0%
45-59 mins 2.2%
>60 mins 4.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 66% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $764 per month.

MY RENT : $764 MEDIAN RENT : $769

Rent % Distribution
$500-699 13.9%
$700-899 62.8%
$900-999 8.1%
$1,000-1,499 15.2%
>=$1,500 0.0%
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 $764 would therefore be considered affordable for annual household incomes greater than $30,560 (12 months x 3.333 x $764).

Rent % Affordability
Above $500 66.2%
Above $700 54.6%
Above $1,100 31.4%
Above $1,500 20.5%
Above $1,900 12.1%
HOUSEHOLD INCOME RANGE

Approximately 2,860 of households in this neighborhood have a total annual income of $30,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $764 per month.

MINIMUM INCOME RANGE : $30,560

Income % Distribution
<$20K 33.8%
$20K-$35K 25.6%
$35K-$60K 20.0%
$60K-$100K 13.6%
>=$100K 6.9%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.7%
5-9 mins 2.5%
10-14 mins 16.9%
15-19 mins 18.5%
20-29 mins 26.1%
30-44 mins 21.0%
45-59 mins 2.2%
>60 mins 4.1%

ORRUM Demographics

INDUSTRY

Industry % Distribution
Construction 6.4%
Educational Services 12.1%
Health Care & Social Assistance 15.1%
Manufacturing 8.4%
Retail & Wholesale Trader 18.8%
Transportation 6.5%
Other 32.6%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 27% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 13.7%
15-19 7.2%
20-24 6.3%
25-44 25.0%
45-65 28.2%
66+ 19.6%
OCCUPATION

Occupation % Distribution
Construction 8.6%
Healthcare 7.1%
Management, Business, & Financial 9.3%
Natural Resources Maintenance 11.8%
Production & Transportation 18.4%
Sales & Office 31.2%
Other 13.6%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.4%
High School 36.0%
Masters Degree 4.6%
Some College 20.7%
Some High School 20.7%
Other 8.6%

586 Pats Rd Comps

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586 Pats Rd, Orrum, NC 28369 is a single family home of 1,568 sqft. HomeUnion INVESTimateĀ® for 586 Pats Rd includes a Price Estimate of $54,301 and a Rent Estimate of $764. This single family home has 3 bedrooms,2 bathrooms, and was built in 1992. This property has an estimated 15 year annualized Yield of 16.88% and Total Return of 24.67%. The estimated 1 year forecast in home value for 586 Pats Rd is 1.45%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , ROBESON County , or the 28369 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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