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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.

686 Bill Lambert Rd Bear Creek, NC 27207

0 Beds 0 Baths 2,004 sqft Built 2015
Last updated:  Oct 23, 2019

INVESTimate

$126,395

$115K - $138K

Price Est.

$1,520

$1.4K - $1.6K

Rent Est.

$131,514  ( +4.05%)   1 YR EST. FORECAST

686 Bill Lambert Rd PROPERTY INFO

FACTS
  • Built In 2015
  • Price/Sqft : $63.07
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,004 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
686 Bill Lambert Rd, Bear Creek, NC 27207 is a single family home of 2,004 sqft. HomeUnion estimate for 686 Bill Lambert Rd includes a Price Estimate of $126,395 and a Rent Estimate of $1,520. This single family home has 0 bedrooms, 0 bathrooms, and was built in 2015. This property has an estimated 15 year annualized Yield of 14.43% and Total Return of 36.81%. The estimated 1 year forecast in home value for 686 Bill Lambert Rd is 4.05%.
  
  
  

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686 Bill Lambert Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CHATHAM CENTRAL HIGH SCHOOL High Regular 447 31 6

CHATHAM CENTRAL HIGH SCHOOL

  • Education Level: High
  • # of students: 447
  • # of teachers: 31
6
GreatSchools Rating
 

Financial Details

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Neighborhood

BEAR CREEK

  • 3,947

    POPULATION
  • 1,521

    HOUSEHOLDS
  • 62.3%

    WHITE COLLAR

Neighborhood : BEAR CREEK

HOUSEHOLDS
1,521
POPULATION

3,947

22.5%Renters
77.5%Home Owners
LABOR FORCE

 

62.3%White Collar
37.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 17% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,520 per month.

MY RENT : $1,520 MEDIAN RENT : $1,162

Rent % Distribution LEVEL
$500-699 0.2%
$700-899 19.2%
$900-999 11.1%
$1,000-1,499 52.3%
>=$1,500 17.1%
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 $1,520 would therefore be considered affordable for annual household incomes greater than $60,800 (12 months x 3.333 x $1,520).

Rent % Affordability
Above $500 80.9%
Above $700 68.2%
Above $1,100 55.4%
Above $1,500 40.8%
Above $1,900 34.1%
HOUSEHOLD INCOME RANGE

Approximately 436 of households in this neighborhood have a total annual income of $60,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,520 per month.

MINIMUM INCOME RANGE : $60,800

Income % Distribution
<$20K 19.1%
$20K-$35K 18.9%
$35K-$60K 21.2%
$60K-$100K 20.0%
>=$100K 20.8%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.1%
5-9 mins 5.2%
10-14 mins 16.8%
15-19 mins 10.3%
20-29 mins 19.3%
30-44 mins 24.6%
45-59 mins 10.8%
>60 mins 9.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 17% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,520 per month.

MY RENT : $1,520 MEDIAN RENT : $1,162

Rent % Distribution
$500-699 0.2%
$700-899 19.2%
$900-999 11.1%
$1,000-1,499 52.3%
>=$1,500 17.1%
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 $1,520 would therefore be considered affordable for annual household incomes greater than $60,800 (12 months x 3.333 x $1,520).

Rent % Affordability
Above $500 80.9%
Above $700 68.2%
Above $1,100 55.4%
Above $1,500 40.8%
Above $1,900 34.1%
HOUSEHOLD INCOME RANGE

Approximately 436 of households in this neighborhood have a total annual income of $60,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,520 per month.

MINIMUM INCOME RANGE : $60,800

Income % Distribution
<$20K 19.1%
$20K-$35K 18.9%
$35K-$60K 21.2%
$60K-$100K 20.0%
>=$100K 20.8%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.1%
5-9 mins 5.2%
10-14 mins 16.8%
15-19 mins 10.3%
20-29 mins 19.3%
30-44 mins 24.6%
45-59 mins 10.8%
>60 mins 9.9%

BEAR CREEK Demographics

INDUSTRY

Industry % Distribution
Construction 13.5%
Educational Services 8.2%
Health Care & Social Assistance 14.3%
Manufacturing 17.0%
Public Administration 5.2%
Retail & Wholesale Trader 10.7%
Other 31.2%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 29% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 17.3%
15-19 5.4%
20-24 6.7%
25-44 22.6%
45-65 28.7%
66+ 19.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.5%
Healthcare 12.0%
Management, Business, & Financial 22.2%
Natural Resources Maintenance 12.4%
Production & Transportation 18.0%
Sales & Office 13.9%
Other 15.0%
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 10.0%
High School 26.8%
Masters Degree 4.0%
Some College 28.8%
Some High School 15.2%
Other 15.2%

686 Bill Lambert Rd Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , CHATHAM County , or the 27207 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 27344
  2. 27252