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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

6491 Payne Rd Tobaccoville, NC 27050

3 Beds 3 Baths 2,290 sqft Built 1900
Last updated:  Nov 28, 2019

INVESTimate

$148,159

$140K - $157K

Price Est.

$1,268

$1.1K - $1.4K

Rent Est.

$148,500  ( +0.23%)   1 YR EST. FORECAST
  
  
  

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6491 Payne Rd PROPERTY INFO

FACTS
  • Built In 1900
  • Price/Sqft : $64.70
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,290 sqft
  • Baths : 2 Full 1 Half

6491 Payne Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
OLD RICHMOND ELEMENTARY SCHOOL Primary Regular 451 29 7
NORTHWEST MIDDLE SCHOOL Middle Regular 912 58 4
NORTH FORSYTH HIGH SCHOOL High Regular 1,208 76 2

OLD RICHMOND ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 451
  • # of teachers: 29
7
GreatSchools Rating

NORTHWEST MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 912
  • # of teachers: 58
4
GreatSchools Rating

NORTH FORSYTH HIGH SCHOOL

  • Education Level: High
  • # of students: 1,208
  • # of teachers: 76
2
GreatSchools Rating
 

Financial Details

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Neighborhood

TOBACCOVILLE

  • 3,598

    POPULATION
  • 1,575

    HOUSEHOLDS
  • 62.6%

    WHITE COLLAR

Neighborhood : TOBACCOVILLE

HOUSEHOLDS
1,575
POPULATION

3,598

18.5%Renters
81.5%Home Owners
LABOR FORCE

 

62.6%White Collar
37.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 36% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,268 per month.

MY RENT : $1,268 MEDIAN RENT : $1,075

Rent % Distribution LEVEL
$500-699 2.2%
$700-899 15.7%
$900-999 17.7%
$1,000-1,499 53.7%
>=$1,500 10.7%
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 $1,268 would therefore be considered affordable for annual household incomes greater than $50,720 (12 months x 3.333 x $1,268).

Rent % Affordability
Above $500 88.6%
Above $700 81.5%
Above $1,100 62.0%
Above $1,500 45.5%
Above $1,900 33.3%
HOUSEHOLD INCOME RANGE

Approximately 778 of households in this neighborhood have a total annual income of $50,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,268 per month.

MINIMUM INCOME RANGE : $50,720

Income % Distribution
<$20K 11.4%
$20K-$35K 18.2%
$35K-$60K 24.9%
$60K-$100K 27.6%
>=$100K 17.9%
COMMUTE TIME DISTRIBUTION

75% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 7.0%
10-14 mins 8.8%
15-19 mins 13.3%
20-29 mins 35.8%
30-44 mins 26.0%
45-59 mins 3.6%
>60 mins 3.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 36% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,268 per month.

MY RENT : $1,268 MEDIAN RENT : $1,075

Rent % Distribution
$500-699 2.2%
$700-899 15.7%
$900-999 17.7%
$1,000-1,499 53.7%
>=$1,500 10.7%
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 $1,268 would therefore be considered affordable for annual household incomes greater than $50,720 (12 months x 3.333 x $1,268).

Rent % Affordability
Above $500 88.6%
Above $700 81.5%
Above $1,100 62.0%
Above $1,500 45.5%
Above $1,900 33.3%
HOUSEHOLD INCOME RANGE

Approximately 778 of households in this neighborhood have a total annual income of $50,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,268 per month.

MINIMUM INCOME RANGE : $50,720

Income % Distribution
<$20K 11.4%
$20K-$35K 18.2%
$35K-$60K 24.9%
$60K-$100K 27.6%
>=$100K 17.9%
COMMUTE TIME DISTRIBUTION

75% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 7.0%
10-14 mins 8.8%
15-19 mins 13.3%
20-29 mins 35.8%
30-44 mins 26.0%
45-59 mins 3.6%
>60 mins 3.3%

TOBACCOVILLE Demographics

INDUSTRY

Industry % Distribution
Construction 6.8%
Educational Services 8.5%
Health Care & Social Assistance 16.4%
Manufacturing 16.4%
Retail & Wholesale Trader 17.4%
Transportation 7.1%
Other 27.5%
AGE DISTRIBUTION

58% of the population is between the ages of 25 and 64, 22% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 13.7%
15-19 5.3%
20-24 2.6%
25-44 20.9%
45-65 36.7%
66+ 20.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.8%
Healthcare 10.3%
Management, Business, & Financial 19.0%
Natural Resources Maintenance 12.9%
Production & Transportation 13.1%
Sales & Office 21.3%
Other 17.5%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.0%
High School 32.7%
Masters Degree 4.5%
Some College 20.1%
Some High School 9.5%
Other 21.3%

6491 Payne Rd Comps

Sorry, we do not have sufficient data available.

6491 Payne Rd, Tobaccoville, NC 27050 is a single family home of 2,290 sqft. HomeUnion INVESTimateĀ® for 6491 Payne Rd includes a Price Estimate of $148,159 and a Rent Estimate of $1,268. This single family home has 3 bedrooms,3 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 10.27% and Total Return of 19.37%. The estimated 1 year forecast in home value for 6491 Payne Rd is 0.23%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , FORSYTH County , or the 27050 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 27018
  2. 27040
  3. 27043