1. < 5th E St

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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.

603 E 5th St Tabor City, NC 28463

0 Beds 0 Baths 960 sqft Built 1920
Last updated:  Nov 28, 2019

INVESTimate

$90,916

$85.7K - $96.1K

Price Est.

$644

562 - 726

Rent Est.

$35,593

Investment Est.

$89,743  ( -1.29%)   1 YR EST. FORECAST

603 E 5th St PROPERTY INFO

FACTS
  • Built In 1920
  • Price/Sqft : $94.70
CONSTRUCTION
  • Beds : 0
  • Floor Size : 960 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
603 E 5th St, Tabor City, NC 28463 is a single family home of 960 sqft. HomeUnion estimate for 603 E 5th St includes a Price Estimate of $90,916 and a Rent Estimate of $644. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1920. This property has an estimated 15 year annualized Yield of 8.50% and Total Return of 10.75%. The estimated 1 year forecast in home value for 603 E 5th St is -1.29%.

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603 E 5th St SCHOOLS

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Financial Details

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Neighborhood

TABOR CITY

  • 9,602

    POPULATION

  • 3,287

    HOUSEHOLDS

  • 49.3%

    WHITE COLLAR

Neighborhood : TABOR CITY

HOUSEHOLDS
3,287
POPULATION

9,602

37.6%Renters
62.4%Home Owners
LABOR FORCE

 

49.3%White Collar
50.7%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 $644 per month.

MY RENT : $644 MEDIAN RENT : $835

Rent % Distribution LEVEL
$500-699 17.1%
$700-899 48.9%
$900-999 12.3%
$1,000-1,499 21.7%
>=$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 $644 would therefore be considered affordable for annual household incomes greater than $25,760 (12 months x 3.333 x $644).

Rent % Affordability
Above $500 65.8%
Above $700 58.3%
Above $1,100 39.2%
Above $1,500 21.6%
Above $1,900 15.2%
HOUSEHOLD INCOME RANGE

Approximately 6,659 of households in this neighborhood have a total annual income of $25,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $644 per month.

MINIMUM INCOME RANGE : $25,760

Income % Distribution
<$20K 34.2%
$20K-$35K 16.6%
$35K-$60K 27.6%
$60K-$100K 13.9%
>=$100K 7.7%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 12.9%
10-14 mins 13.8%
15-19 mins 14.6%
20-29 mins 18.6%
30-44 mins 27.4%
45-59 mins 5.5%
>60 mins 4.0%
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 $644 per month.

MY RENT : $644 MEDIAN RENT : $835

Rent % Distribution
$500-699 17.1%
$700-899 48.9%
$900-999 12.3%
$1,000-1,499 21.7%
>=$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 $644 would therefore be considered affordable for annual household incomes greater than $25,760 (12 months x 3.333 x $644).

Rent % Affordability
Above $500 65.8%
Above $700 58.3%
Above $1,100 39.2%
Above $1,500 21.6%
Above $1,900 15.2%
HOUSEHOLD INCOME RANGE

Approximately 6,659 of households in this neighborhood have a total annual income of $25,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $644 per month.

MINIMUM INCOME RANGE : $25,760

Income % Distribution
<$20K 34.2%
$20K-$35K 16.6%
$35K-$60K 27.6%
$60K-$100K 13.9%
>=$100K 7.7%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 12.9%
10-14 mins 13.8%
15-19 mins 14.6%
20-29 mins 18.6%
30-44 mins 27.4%
45-59 mins 5.5%
>60 mins 4.0%
TABOR CITY Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 7.7%
Construction 9.3%
Educational Services 8.1%
Health Care & Social Assistance 21.4%
Manufacturing 11.2%
Retail & Wholesale Trader 10.7%
Other 31.5%
OCCUPATION

           

Occupation % Distribution
Construction 5.8%
Healthcare 15.5%
Natural Resources Maintenance 15.6%
Production & Transportation 23.9%
Protect 5.4%
Sales & Office 21.2%
Other 12.6%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 15.4%
15-19 6.6%
20-24 7.0%
25-44 31.9%
45-65 24.3%
66+ 14.7%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level % Distribution
Associates Degree 6.5%
High School 39.1%
Masters Degree 2.8%
Some College 22.1%
Some High School 23.0%
Other 6.5%

TABOR CITY Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.7%
Construction 9.3%
Educational Services 8.1%
Health Care & Social Assistance 21.4%
Manufacturing 11.2%
Retail & Wholesale Trader 10.7%
Other 31.5%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 29% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 15.4%
15-19 6.6%
20-24 7.0%
25-44 31.9%
45-65 24.3%
66+ 14.7%
OCCUPATION

Occupation % Distribution
Construction 5.8%
Healthcare 15.5%
Natural Resources Maintenance 15.6%
Production & Transportation 23.9%
Protect 5.4%
Sales & Office 21.2%
Other 12.6%
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 6.5%
High School 39.1%
Masters Degree 2.8%
Some College 22.1%
Some High School 23.0%
Other 6.5%

603 E 5th St 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 , COLUMBUS County , or the 28463 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

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