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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.

636 Cherokee Trce Lake Toxaway, NC 28747

3 Beds 4 Baths 3,398 sqft Built 1981
Last updated:  Jan 23, 2020

INVESTimate

$724,086

$632K - $816K

Price Est.

$1,881

$1.6K - $2.1K

Rent Est.

$716,918  ( -0.99%)   1 YR EST. FORECAST

636 Cherokee Trce PROPERTY INFO

FACTS
  • Built In 1981
  • Price/Sqft : $213.09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,398 sqft
  • Baths : 3 Full 1 Half
PROPERTY DESCRIPTION
636 Cherokee Trce, Lake Toxaway, NC 28747 is a single family home of 3,398 sqft. HomeUnion estimate for 636 Cherokee Trce includes a Price Estimate of $724,086 and a Rent Estimate of $1,881. This single family home has 3 bedrooms, 4 bathrooms, and was built in 1981. This property has an estimated 15 year annualized Yield of 3.12% and Total Return of 3.09%. The estimated 1 year forecast in home value for 636 Cherokee Trce is -0.99%.
  
  
  

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636 Cherokee Trce SCHOOLS

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

Financial Details

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Neighborhood

LAKE TOXAWAY

  • 2,052

    POPULATION
  • 839

    HOUSEHOLDS
  • 51.9%

    WHITE COLLAR

Neighborhood : LAKE TOXAWAY

HOUSEHOLDS
839
POPULATION

2,052

14.8%Renters
85.2%Home Owners
LABOR FORCE

 

51.9%White Collar
48.1%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 $1,881 per month.

MY RENT : $1,881 MEDIAN RENT : $1,494

Rent % Distribution LEVEL
$500-699 0.4%
$700-899 8.8%
$900-999 8.8%
$1,000-1,499 32.2%
>=$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 $1,881 would therefore be considered affordable for annual household incomes greater than $75,240 (12 months x 3.333 x $1,881).

Rent % Affordability
Above $500 83.0%
Above $700 70.6%
Above $1,100 43.8%
Above $1,500 31.6%
Above $1,900 23.2%
HOUSEHOLD INCOME RANGE

Approximately 146 of households in this neighborhood have a total annual income of $75,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,881 per month.

MINIMUM INCOME RANGE : $75,240

Income % Distribution
<$20K 17.0%
$20K-$35K 23.1%
$35K-$60K 28.4%
$60K-$100K 19.0%
>=$100K 12.6%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.6%
5-9 mins 4.4%
10-14 mins 8.7%
15-19 mins 8.6%
20-29 mins 16.4%
30-44 mins 44.3%
45-59 mins 4.8%
>60 mins 9.3%
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 $1,881 per month.

MY RENT : $1,881 MEDIAN RENT : $1,494

Rent % Distribution
$500-699 0.4%
$700-899 8.8%
$900-999 8.8%
$1,000-1,499 32.2%
>=$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 $1,881 would therefore be considered affordable for annual household incomes greater than $75,240 (12 months x 3.333 x $1,881).

Rent % Affordability
Above $500 83.0%
Above $700 70.6%
Above $1,100 43.8%
Above $1,500 31.6%
Above $1,900 23.2%
HOUSEHOLD INCOME RANGE

Approximately 146 of households in this neighborhood have a total annual income of $75,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,881 per month.

MINIMUM INCOME RANGE : $75,240

Income % Distribution
<$20K 17.0%
$20K-$35K 23.1%
$35K-$60K 28.4%
$60K-$100K 19.0%
>=$100K 12.6%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.6%
5-9 mins 4.4%
10-14 mins 8.7%
15-19 mins 8.6%
20-29 mins 16.4%
30-44 mins 44.3%
45-59 mins 4.8%
>60 mins 9.3%

LAKE TOXAWAY Demographics

INDUSTRY

Industry % Distribution
Administrative Support 8.2%
Construction 18.0%
Educational Services 8.0%
Health Care & Social Assistance 9.6%
Professional & Scientific Tech Services 10.1%
Retail & Wholesale Trader 9.1%
Other 37.0%
AGE DISTRIBUTION

54% 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 10.3%
15-19 6.1%
20-24 2.0%
25-44 19.9%
45-65 33.7%
66+ 27.9%
OCCUPATION

Occupation % Distribution
Construction 7.6%
Healthcare 7.4%
Management, Business, & Financial 18.1%
Natural Resources Maintenance 14.0%
Production & Transportation 15.2%
Sales & Office 22.2%
Other 15.6%
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 7.5%
High School 42.0%
Masters Degree 3.4%
Some College 22.2%
Some High School 9.5%
Other 15.4%

636 Cherokee Trce Comps

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