Financial Details830 Chestnut Trce PROPERTY INFO
FACTS
- Built In 1999
- Price/Sqft : $228.66
CONSTRUCTION
- Beds : 3
- Floor Size : 2,940 sqft
- Baths : 3 Full
PROPERTY DESCRIPTION
830 Chestnut Trce, Lake Toxaway, NC 28747 is a single family home of 2,940 sqft. HomeUnion estimate for 830 Chestnut Trce includes a Price Estimate of $672,266 and a Rent Estimate of $1,987. This single family home has 3 bedrooms, 3 bathrooms, and was built in 1999. This property has an estimated 15 year annualized Yield of 3.55% and Total Return of 4.10%. The estimated 1 year forecast in home value for 830 Chestnut Trce is -0.99%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
830 Chestnut Trce SCHOOLS
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Financial Details
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LAKE TOXAWAY
Neighborhood : LAKE TOXAWAY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 50% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,987 per month.
MY RENT : $1,987 MEDIAN RENT : $1,494
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 $1,987 would therefore be considered affordable for annual household incomes greater than $79,480 (12 months x 3.333 x $1,987).
HOUSEHOLD INCOME RANGE
Approximately 139 of households in this neighborhood have a total annual income of $79,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,987 per month.
MINIMUM INCOME RANGE : $79,480
COMMUTE TIME DISTRIBUTION
69% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.
LAKE TOXAWAY Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 8.2% |
| Construction | 18.0% |
| Educational Services | 8.0% |
| Health Care & Social Assistance | 9.6% |
| Professional & Scientific Tech Services | 10.1% |
| Retail & Wholesale Trader | 9.1% |
| Other | 37.0% |
AGE DISTRIBUTION
54% of the population is between the ages of 25 and 64, 19% is 24 or younger and 28% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 10.3% |
| 15-19 | 6.1% |
| 20-24 | 2.0% |
| 25-44 | 19.9% |
| 45-65 | 33.7% |
| 66+ | 27.9% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 7.6% |
| Healthcare | 7.4% |
| Management, Business, & Financial | 18.1% |
| Natural Resources Maintenance | 14.0% |
| Production & Transportation | 15.2% |
| Sales & Office | 22.2% |
| Other | 15.6% |
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 | 7.5% |
| High School | 42.0% |
| Masters Degree | 3.4% |
| Some College | 22.2% |
| Some High School | 9.5% |
| Other | 15.4% |
830 Chestnut Trce Comps
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