1. < Nc 704 Hwy

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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

6499 Nc 704 Hwy E Sandy Ridge, NC 27046

3 Beds 1 Baths 960 sqft Built 1969
Last updated:  Oct 23, 2019

INVESTimate

$64,980

$59.6K - $70.4K

Price Est.

$775

677 - 873

Rent Est.

$28,720

Investment Est.

$67,131  ( +3.31%)   1 YR EST. FORECAST

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6499 Nc 704 Hwy E PROPERTY INFO

FACTS
  • Built In 1969
  • Price/Sqft : $67.69
CONSTRUCTION
  • Beds : 3
  • Floor Size : 960 sqft
  • Baths : 1 Full

6499 Nc 704 Hwy E SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SANDY RIDGE ELEMENTARY SCHOOL Primary Regular 207 13 7
PINEY GROVE MIDDLE SCHOOL Middle Regular 325 24 6
NORTH STOKES HIGH SCHOOL High Regular 450 34 5

SANDY RIDGE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 207
  • # of teachers: 13
7
GreatSchools Rating

PINEY GROVE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 325
  • # of teachers: 24
6
GreatSchools Rating

NORTH STOKES HIGH SCHOOL

  • Education Level: High
  • # of students: 450
  • # of teachers: 34
5
GreatSchools Rating
 

Financial Details

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Neighborhood

SANDY RIDGE

  • 1,825

    POPULATION

  • 858

    HOUSEHOLDS

  • 40.0%

    WHITE COLLAR

Neighborhood : SANDY RIDGE

HOUSEHOLDS
858
POPULATION

1,825

12.5%Renters
87.5%Home Owners
LABOR FORCE

 

40.0%White Collar
60.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $775 per month.

MY RENT : $775 MEDIAN RENT : $865

Rent % Distribution LEVEL
$500-699 7.3%
$700-899 50.3%
$900-999 16.6%
$1,000-1,499 24.9%
>=$1,500 0.9%
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 $775 would therefore be considered affordable for annual household incomes greater than $31,000 (12 months x 3.333 x $775).

Rent % Affordability
Above $500 80.5%
Above $700 62.8%
Above $1,100 44.5%
Above $1,500 30.2%
Above $1,900 21.2%
HOUSEHOLD INCOME RANGE

Approximately 2,499 of households in this neighborhood have a total annual income of $31,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $775 per month.

MINIMUM INCOME RANGE : $31,000

Income % Distribution
<$20K 19.5%
$20K-$35K 26.0%
$35K-$60K 24.3%
$60K-$100K 25.7%
>=$100K 4.6%
COMMUTE TIME DISTRIBUTION

31% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 35% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 4.7%
10-14 mins 28.5%
15-19 mins 5.7%
20-29 mins 13.6%
30-44 mins 11.3%
45-59 mins 14.1%
>60 mins 20.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $775 per month.

MY RENT : $775 MEDIAN RENT : $865

Rent % Distribution
$500-699 7.3%
$700-899 50.3%
$900-999 16.6%
$1,000-1,499 24.9%
>=$1,500 0.9%
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 $775 would therefore be considered affordable for annual household incomes greater than $31,000 (12 months x 3.333 x $775).

Rent % Affordability
Above $500 80.5%
Above $700 62.8%
Above $1,100 44.5%
Above $1,500 30.2%
Above $1,900 21.2%
HOUSEHOLD INCOME RANGE

Approximately 2,499 of households in this neighborhood have a total annual income of $31,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $775 per month.

MINIMUM INCOME RANGE : $31,000

Income % Distribution
<$20K 19.5%
$20K-$35K 26.0%
$35K-$60K 24.3%
$60K-$100K 25.7%
>=$100K 4.6%
COMMUTE TIME DISTRIBUTION

31% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 35% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 4.7%
10-14 mins 28.5%
15-19 mins 5.7%
20-29 mins 13.6%
30-44 mins 11.3%
45-59 mins 14.1%
>60 mins 20.4%
SANDY RIDGE Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 14.1%
Construction 5.2%
Health Care & Social Assistance 11.7%
Manufacturing 18.3%
Retail & Wholesale Trader 5.9%
Transportation 17.4%
Other 27.4%
OCCUPATION

           

Occupation % Distribution
Education 13.7%
Healthcare 10.6%
Management, Business, & Financial 10.2%
Natural Resources Maintenance 22.5%
Production & Transportation 21.9%
Sales & Office 8.1%
Other 13.0%
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 15.0%
15-19 2.5%
20-24 1.2%
25-44 18.8%
45-65 45.5%
66+ 17.0%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 14.1%
High School 39.8%
Masters Degree 1.5%
Some College 18.8%
Some High School 19.6%
Other 6.2%

SANDY RIDGE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 14.1%
Construction 5.2%
Health Care & Social Assistance 11.7%
Manufacturing 18.3%
Retail & Wholesale Trader 5.9%
Transportation 17.4%
Other 27.4%
AGE DISTRIBUTION

64% of the population is between the ages of 25 and 64, 19% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 15.0%
15-19 2.5%
20-24 1.2%
25-44 18.8%
45-65 45.5%
66+ 17.0%
OCCUPATION

Occupation % Distribution
Education 13.7%
Healthcare 10.6%
Management, Business, & Financial 10.2%
Natural Resources Maintenance 22.5%
Production & Transportation 21.9%
Sales & Office 8.1%
Other 13.0%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 14.1%
High School 39.8%
Masters Degree 1.5%
Some College 18.8%
Some High School 19.6%
Other 6.2%

6499 Nc 704 Hwy E Comps

Sorry, we do not have sufficient data available.

6499 Nc 704 Hwy E, Sandy Ridge, NC 27046 is a single family home of 960 sqft. HomeUnion INVESTimateĀ® for 6499 Nc 704 Hwy E includes a Price Estimate of $64,980 and a Rent Estimate of $775. This single family home has 3 bedrooms,1 bathrooms, and was built in 1969. This property has an estimated 15 year annualized Yield of 14.31% and Total Return of 26.47%. The estimated 1 year forecast in home value for 6499 Nc 704 Hwy E is 3.31%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , STOKES County , or the 27046 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

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