INVESTimate
$37,167
Financial Details820 Cleveland Ave PROPERTY INFO
FACTS
- Built In 1996
- Price/Sqft : $78.62
CONSTRUCTION
- Beds : 0
- Floor Size : 1,232 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
820 Cleveland Ave, Grover, NC 28073 is a single family home of 1,232 sqft. HomeUnion estimate for 820 Cleveland Ave includes a Price Estimate of $96,856 and a Rent Estimate of $730. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1996. This property has an estimated 15 year annualized Yield of 9.04% and Total Return of 15.10%. The estimated 1 year forecast in home value for 820 Cleveland Ave is 1.43%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
820 Cleveland Ave SCHOOLS
Financial Details
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GROVER
Neighborhood : GROVER
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 65% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $730 per month.
MY RENT : $730 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 $730 would therefore be considered affordable for annual household incomes greater than $29,200 (12 months x 3.333 x $730).
HOUSEHOLD INCOME RANGE
Approximately 4,811 of households in this neighborhood have a total annual income of $29,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $730 per month.
MINIMUM INCOME RANGE : $29,200
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% |
820 Cleveland Ave Comps
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