Financial Details810 Cleveland Ave 1 PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $60.20
CONSTRUCTION
- Beds : 0
- Floor Size : 1,568 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
810 Cleveland Ave 1, Grover, NC 28073 is a single family home of 1,568 sqft. HomeUnion estimate for 810 Cleveland Ave 1 includes a Price Estimate of $94,401 and a Rent Estimate of $715. This single family home has 0 bedrooms, 0 bathrooms, and was built in 2000. This property has an estimated 15 year annualized Yield of 9.09% and Total Return of 15.86%. The estimated 1 year forecast in home value for 810 Cleveland Ave 1 is 1.43%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
810 Cleveland Ave 1 SCHOOLS
Financial Details
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GROVER
Neighborhood : GROVER
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 69% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $715 per month.
MY RENT : $715 MEDIAN RENT : $737
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 $715 would therefore be considered affordable for annual household incomes greater than $28,600 (12 months x 3.333 x $715).
HOUSEHOLD INCOME RANGE
Approximately 4,818 of households in this neighborhood have a total annual income of $28,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $715 per month.
MINIMUM INCOME RANGE : $28,600
COMMUTE TIME DISTRIBUTION
62% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.
GROVER Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 5.9% |
| Construction | 6.3% |
| Health Care & Social Assistance | 6.5% |
| Manufacturing | 24.4% |
| Retail & Wholesale Trader | 25.0% |
| Transportation | 4.9% |
| Other | 27.0% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 34% is 24 or younger and 15% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 19.7% |
| 15-19 | 9.3% |
| 20-24 | 4.8% |
| 25-44 | 25.7% |
| 45-65 | 25.9% |
| 66+ | 14.5% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 5.0% |
| Management, Business, & Financial | 13.7% |
| Natural Resources Maintenance | 12.2% |
| Production & Transportation | 31.2% |
| Protect | 5.0% |
| Sales & Office | 21.8% |
| Other | 11.0% |
HIGHEST EDUCATION LEVEL
13% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.3% |
| High School | 38.5% |
| Masters Degree | 3.7% |
| Some College | 25.7% |
| Some High School | 17.1% |
| Other | 5.6% |
810 Cleveland Ave 1 Comps
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