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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

8097 Lancaster Store Rd Castalia, NC 27816

3 Beds 2 Baths 1,595 sqft Built 1983
Last updated:  Jan 23, 2020

INVESTimate

$177,735

$159K - $196K

Price Est.

$1,030

961 - $1.1K

Rent Est.

$180,508  ( +1.56%)   1 YR EST. FORECAST
  
  
  

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8097 Lancaster Store Rd PROPERTY INFO

FACTS
  • Built In 1983
  • Price/Sqft : $111.43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,595 sqft
  • Baths : 2 Full

8097 Lancaster Store Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CEDAR GROVE ELEMENTARY SCHOOL Primary Regular 224 14 3
RED OAK MIDDLE SCHOOL Middle Regular 920 58 4
NORTHERN NASH HIGH SCHOOL High Regular 1,219 71 3

CEDAR GROVE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 224
  • # of teachers: 14
3
GreatSchools Rating

RED OAK MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 920
  • # of teachers: 58
4
GreatSchools Rating

NORTHERN NASH HIGH SCHOOL

  • Education Level: High
  • # of students: 1,219
  • # of teachers: 71
3
GreatSchools Rating
 

Financial Details

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Neighborhood

CASTALIA

  • 2,366

    POPULATION
  • 930

    HOUSEHOLDS
  • 57.0%

    WHITE COLLAR

Neighborhood : CASTALIA

HOUSEHOLDS
930
POPULATION

2,366

35.2%Renters
64.8%Home Owners
LABOR FORCE

 

57.0%White Collar
43.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 23% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,030 per month.

MY RENT : $1,030 MEDIAN RENT : $762

Rent % Distribution LEVEL
$500-699 36.6%
$700-899 32.7%
$900-999 6.3%
$1,000-1,499 18.6%
>=$1,500 5.8%
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 $1,030 would therefore be considered affordable for annual household incomes greater than $41,200 (12 months x 3.333 x $1,030).

Rent % Affordability
Above $500 66.3%
Above $700 58.6%
Above $1,100 40.0%
Above $1,500 27.0%
Above $1,900 19.0%
HOUSEHOLD INCOME RANGE

Approximately 325 of households in this neighborhood have a total annual income of $41,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,030 per month.

MINIMUM INCOME RANGE : $41,200

Income % Distribution
<$20K 33.7%
$20K-$35K 14.3%
$35K-$60K 24.9%
$60K-$100K 15.6%
>=$100K 11.3%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 2.5%
10-14 mins 10.5%
15-19 mins 14.6%
20-29 mins 26.6%
30-44 mins 16.7%
45-59 mins 9.3%
>60 mins 15.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 23% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,030 per month.

MY RENT : $1,030 MEDIAN RENT : $762

Rent % Distribution
$500-699 36.6%
$700-899 32.7%
$900-999 6.3%
$1,000-1,499 18.6%
>=$1,500 5.8%
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 $1,030 would therefore be considered affordable for annual household incomes greater than $41,200 (12 months x 3.333 x $1,030).

Rent % Affordability
Above $500 66.3%
Above $700 58.6%
Above $1,100 40.0%
Above $1,500 27.0%
Above $1,900 19.0%
HOUSEHOLD INCOME RANGE

Approximately 325 of households in this neighborhood have a total annual income of $41,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,030 per month.

MINIMUM INCOME RANGE : $41,200

Income % Distribution
<$20K 33.7%
$20K-$35K 14.3%
$35K-$60K 24.9%
$60K-$100K 15.6%
>=$100K 11.3%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 2.5%
10-14 mins 10.5%
15-19 mins 14.6%
20-29 mins 26.6%
30-44 mins 16.7%
45-59 mins 9.3%
>60 mins 15.4%

CASTALIA Demographics

INDUSTRY

Industry % Distribution
Construction 11.1%
Educational Services 6.9%
Health Care & Social Assistance 15.4%
Manufacturing 15.3%
Public Administration 7.5%
Retail & Wholesale Trader 14.8%
Other 29.0%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 29% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 13.1%
15-19 9.8%
20-24 5.9%
25-44 22.4%
45-65 30.8%
66+ 18.1%
OCCUPATION

Occupation % Distribution
Construction 6.8%
Healthcare 9.6%
Management, Business, & Financial 12.6%
Natural Resources Maintenance 20.3%
Production & Transportation 16.4%
Sales & Office 24.1%
Other 10.2%
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 6.8%
High School 39.2%
Masters Degree 4.0%
Some College 19.2%
Some High School 21.4%
Other 9.3%

8097 Lancaster Store Rd Comps

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8097 Lancaster Store Rd, Castalia, NC 27816 is a single family home of 1,595 sqft. HomeUnion INVESTimateĀ® for 8097 Lancaster Store Rd includes a Price Estimate of $177,735 and a Rent Estimate of $1,030. This single family home has 3 bedrooms,2 bathrooms, and was built in 1983. This property has an estimated 15 year annualized Yield of 6.95% and Total Return of 15.68%. The estimated 1 year forecast in home value for 8097 Lancaster Store Rd is 1.56%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , NASH County , or the 27816 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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