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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

6429 E Old Us 421 Hwy East Bend, NC 27018

1 Beds 1 Baths 910 sqft Built 1936
Last updated:  Nov 28, 2019

INVESTimate

$144,042

$135K - $153K

Price Est.

$682

596 - 768

Rent Est.

$146,923  ( +2%)   1 YR EST. FORECAST
  
  
  

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6429 E Old Us 421 Hwy PROPERTY INFO

FACTS
  • Built In 1936
  • Price/Sqft : $158.29
CONSTRUCTION
  • Beds : 1
  • Floor Size : 910 sqft
  • Baths : 1 Full

6429 E Old Us 421 Hwy SCHOOLS

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Financial Details

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Neighborhood

EAST BEND

  • 7,896

    POPULATION
  • 3,215

    HOUSEHOLDS
  • 50.1%

    WHITE COLLAR

Neighborhood : EAST BEND

HOUSEHOLDS
3,215
POPULATION

7,896

20.6%Renters
79.4%Home Owners
LABOR FORCE

 

50.1%White Collar
49.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 96% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $682 per month.

MY RENT : $682 MEDIAN RENT : $961

Rent % Distribution LEVEL
$500-699 4.8%
$700-899 38.5%
$900-999 10.2%
$1,000-1,499 41.1%
>=$1,500 5.5%
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 $682 would therefore be considered affordable for annual household incomes greater than $27,280 (12 months x 3.333 x $682).

Rent % Affordability
Above $500 80.8%
Above $700 68.4%
Above $1,100 47.7%
Above $1,500 35.9%
Above $1,900 24.8%
HOUSEHOLD INCOME RANGE

Approximately 7,843 of households in this neighborhood have a total annual income of $27,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $682 per month.

MINIMUM INCOME RANGE : $27,280

Income % Distribution
<$20K 19.2%
$20K-$35K 19.8%
$35K-$60K 25.1%
$60K-$100K 22.2%
>=$100K 13.7%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.9%
5-9 mins 4.2%
10-14 mins 11.4%
15-19 mins 9.8%
20-29 mins 19.7%
30-44 mins 30.9%
45-59 mins 5.0%
>60 mins 13.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 96% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $682 per month.

MY RENT : $682 MEDIAN RENT : $961

Rent % Distribution
$500-699 4.8%
$700-899 38.5%
$900-999 10.2%
$1,000-1,499 41.1%
>=$1,500 5.5%
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 $682 would therefore be considered affordable for annual household incomes greater than $27,280 (12 months x 3.333 x $682).

Rent % Affordability
Above $500 80.8%
Above $700 68.4%
Above $1,100 47.7%
Above $1,500 35.9%
Above $1,900 24.8%
HOUSEHOLD INCOME RANGE

Approximately 7,843 of households in this neighborhood have a total annual income of $27,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $682 per month.

MINIMUM INCOME RANGE : $27,280

Income % Distribution
<$20K 19.2%
$20K-$35K 19.8%
$35K-$60K 25.1%
$60K-$100K 22.2%
>=$100K 13.7%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.9%
5-9 mins 4.2%
10-14 mins 11.4%
15-19 mins 9.8%
20-29 mins 19.7%
30-44 mins 30.9%
45-59 mins 5.0%
>60 mins 13.1%

EAST BEND Demographics

INDUSTRY

Industry % Distribution
Construction 10.6%
Educational Services 8.0%
Health Care & Social Assistance 10.7%
Manufacturing 21.2%
Retail & Wholesale Trader 14.9%
Transportation 7.4%
Other 27.3%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 30% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 15.8%
15-19 8.1%
20-24 6.0%
25-44 21.4%
45-65 33.0%
66+ 15.8%
OCCUPATION

Occupation % Distribution
Clean 6.4%
Healthcare 9.4%
Management, Business, & Financial 16.2%
Natural Resources Maintenance 16.7%
Production & Transportation 20.6%
Sales & Office 17.1%
Other 13.6%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 9.0%
High School 37.4%
Masters Degree 2.7%
Some College 23.9%
Some High School 19.0%
Other 8.0%

6429 E Old Us 421 Hwy Comps

Sorry, we do not have sufficient data available.

6429 E Old Us 421 Hwy, East Bend, NC 27018 is a single family home of 910 sqft. HomeUnion INVESTimateĀ® for 6429 E Old Us 421 Hwy includes a Price Estimate of $144,042 and a Rent Estimate of $682. This single family home has 1 bedrooms,1 bathrooms, and was built in 1936. This property has an estimated 15 year annualized Yield of 5.68% and Total Return of 11.56%. The estimated 1 year forecast in home value for 6429 E Old Us 421 Hwy is 2%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , YADKIN County , or the 27018 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 27023
  2. 27040