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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

7872 Nc Highway 705 Eagle Springs, NC 27242

3 Beds 2 Baths 1,400 sqft Built 1990
Last updated:  Jan 23, 2020

INVESTimate

$99,604

$93.1K - $106K

Price Est.

$835

752 - 918

Rent Est.

$99,136  ( -0.47%)   1 YR EST. FORECAST
  
  
  

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7872 Nc Highway 705 PROPERTY INFO

FACTS
  • Built In 1990
  • Price/Sqft : $71.15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,400 sqft
  • Baths : 2 Full

7872 Nc Highway 705 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ROBBINS ELEMENTARY SCHOOL Primary Regular 498 37 2
ELISE MIDDLE SCHOOL Middle Regular 207 20 5
NORTH MOORE HIGH SCHOOL High Regular 575 39 4

ROBBINS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 498
  • # of teachers: 37
2
GreatSchools Rating

ELISE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 207
  • # of teachers: 20
5
GreatSchools Rating

NORTH MOORE HIGH SCHOOL

  • Education Level: High
  • # of students: 575
  • # of teachers: 39
4
GreatSchools Rating
 

Financial Details

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Neighborhood

EAGLE SPRINGS

  • 1,952

    POPULATION
  • 753

    HOUSEHOLDS
  • 56.3%

    WHITE COLLAR

Neighborhood : EAGLE SPRINGS

HOUSEHOLDS
753
POPULATION

1,952

16.2%Renters
83.8%Home Owners
LABOR FORCE

 

56.3%White Collar
43.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 48% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $835 per month.

MY RENT : $835 MEDIAN RENT : $795

Rent % Distribution LEVEL
$500-699 2.3%
$700-899 74.0%
$900-999 11.9%
$1,000-1,499 11.1%
>=$1,500 0.8%
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 $835 would therefore be considered affordable for annual household incomes greater than $33,400 (12 months x 3.333 x $835).

Rent % Affordability
Above $500 80.9%
Above $700 59.1%
Above $1,100 46.8%
Above $1,500 32.7%
Above $1,900 28.5%
HOUSEHOLD INCOME RANGE

Approximately 2,411 of households in this neighborhood have a total annual income of $33,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $835 per month.

MINIMUM INCOME RANGE : $33,400

Income % Distribution
<$20K 19.1%
$20K-$35K 29.7%
$35K-$60K 18.5%
$60K-$100K 19.3%
>=$100K 13.4%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 2.5%
10-14 mins 19.4%
15-19 mins 12.5%
20-29 mins 29.9%
30-44 mins 23.4%
45-59 mins 6.5%
>60 mins 5.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 48% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $835 per month.

MY RENT : $835 MEDIAN RENT : $795

Rent % Distribution
$500-699 2.3%
$700-899 74.0%
$900-999 11.9%
$1,000-1,499 11.1%
>=$1,500 0.8%
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 $835 would therefore be considered affordable for annual household incomes greater than $33,400 (12 months x 3.333 x $835).

Rent % Affordability
Above $500 80.9%
Above $700 59.1%
Above $1,100 46.8%
Above $1,500 32.7%
Above $1,900 28.5%
HOUSEHOLD INCOME RANGE

Approximately 2,411 of households in this neighborhood have a total annual income of $33,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $835 per month.

MINIMUM INCOME RANGE : $33,400

Income % Distribution
<$20K 19.1%
$20K-$35K 29.7%
$35K-$60K 18.5%
$60K-$100K 19.3%
>=$100K 13.4%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 2.5%
10-14 mins 19.4%
15-19 mins 12.5%
20-29 mins 29.9%
30-44 mins 23.4%
45-59 mins 6.5%
>60 mins 5.3%

EAGLE SPRINGS Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 10.3%
Health Care & Social Assistance 17.7%
Manufacturing 10.6%
Public Administration 8.9%
Retail & Wholesale Trader 11.6%
Transportation 6.1%
Other 34.8%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 29% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 15.4%
15-19 7.8%
20-24 5.9%
25-44 25.5%
45-65 24.5%
66+ 20.9%
OCCUPATION

Occupation % Distribution
Construction 9.0%
Healthcare 10.6%
Management, Business, & Financial 11.1%
Natural Resources Maintenance 12.4%
Production & Transportation 17.4%
Sales & Office 24.5%
Other 15.0%
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 6.3%
High School 24.3%
Masters Degree 4.0%
Some College 25.1%
Some High School 23.7%
Other 16.7%

7872 Nc Highway 705 Comps

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7872 Nc Highway 705, Eagle Springs, NC 27242 is a single family home of 1,400 sqft. HomeUnion INVESTimateĀ® for 7872 Nc Highway 705 includes a Price Estimate of $99,604 and a Rent Estimate of $835. This single family home has 3 bedrooms,2 bathrooms, and was built in 1990. This property has an estimated 15 year annualized Yield of 10.06% and Total Return of 15.97%. The estimated 1 year forecast in home value for 7872 Nc Highway 705 is -0.47%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , MOORE County , or the 27242 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 28327
  2. 28326
  3. 27325