INVESTimate
$42,868
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724 Sloans Mill Rd PROPERTY INFO
FACTS
- Built In 1978
- Price/Sqft : $102.75
CONSTRUCTION
- Beds : 3
- Floor Size : 1,152 sqft
- Baths : 1 Full 1 Half
724 Sloans Mill Rd SCHOOLS
Financial Details
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OLIN
Neighborhood : OLIN
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $732 per month.
MY RENT : $732 MEDIAN RENT : $875
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 $732 would therefore be considered affordable for annual household incomes greater than $29,280 (12 months x 3.333 x $732).
HOUSEHOLD INCOME RANGE
Approximately 2,143 of households in this neighborhood have a total annual income of $29,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $732 per month.
MINIMUM INCOME RANGE : $29,280
COMMUTE TIME DISTRIBUTION
61% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.
OLIN Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Construction | 6.9% |
Educational Services | 10.6% |
Health Care & Social Assistance | 9.8% |
Manufacturing | 22.2% |
Retail & Wholesale Trader | 18.3% |
Transportation | 7.3% |
Other | 24.9% |
AGE DISTRIBUTION
54% of the population is between the ages of 25 and 64, 28% is 24 or younger and 17% is 65 or older.
Age | % Distribution |
---|---|
<15 | 15.4% |
15-19 | 8.2% |
20-24 | 4.8% |
25-44 | 24.1% |
45-65 | 30.2% |
66+ | 17.3% |
OCCUPATION
Occupation | % Distribution |
---|---|
Healthcare | 7.6% |
Management, Business, & Financial | 14.0% |
Natural Resources Maintenance | 20.2% |
Production & Transportation | 28.1% |
Protect | 5.1% |
Sales & Office | 13.3% |
Other | 11.7% |
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 | 10.2% |
High School | 38.0% |
Masters Degree | 3.9% |
Some College | 22.1% |
Some High School | 13.6% |
Other | 12.1% |
724 Sloans Mill Rd Comps
724 Sloans Mill Rd, Olin, NC 28660 is a single family home of 1,152 sqft. HomeUnion INVESTimateĀ® for 724 Sloans Mill Rd includes a Price Estimate of $118,369 and a Rent Estimate of $732. This single family home has 3 bedrooms,2 bathrooms, and was built in 1978. This property has an estimated 15 year annualized Yield of 7.42% and Total Return of 21.71%. The estimated 1 year forecast in home value for 724 Sloans Mill Rd is 6.32%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , IREDELL County , or the 28660 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2