Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

858 Water Tower Rd Orrum, NC 28369

5 Beds 2 Baths 2,128 sqft Built 2001
Last updated:  Jan 23, 2020

INVESTimate

$42,478

$39.9K - $45.0K

Price Est.

$951

849 - $1.1K

Rent Est.

$43,094  ( +1.45%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1808 ASHBOROUGH WAY SE Marietta, GA
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973
    AVAILABLE fmls
    • 15.60% GROSS YIELD
    • $5,557 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,300
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1339 Holbech Lane Channelview, TX
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980
    AVAILABLE
    • 14.73% GROSS YIELD
    • $7,387 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $34,900
    • $1,350

858 Water Tower Rd PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $19.96
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,128 sqft
  • Baths : 2 Full

858 Water Tower Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LONG BRANCH ELEMENTARY SCHOOL Primary Regular 454 25 NA
ORRUM MIDDLE SCHOOL Middle Regular 377 25 NA
EARLY COLLEGE HIGH SCHOOL High Regular 164 10 NA

LONG BRANCH ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 25
-1
GreatSchools Rating

ORRUM MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 377
  • # of teachers: 25
-1
GreatSchools Rating

EARLY COLLEGE HIGH SCHOOL

  • Education Level: High
  • # of students: 164
  • # of teachers: 10
-1
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

ORRUM

  • 2,667

    POPULATION
  • 1,043

    HOUSEHOLDS
  • 50.3%

    WHITE COLLAR

Neighborhood : ORRUM

HOUSEHOLDS
1,043
POPULATION

2,667

26.1%Renters
73.9%Home Owners
LABOR FORCE

 

50.3%White Collar
49.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 19% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $951 per month.

MY RENT : $951 MEDIAN RENT : $766

Rent % Distribution LEVEL
$500-699 14.1%
$700-899 62.8%
$900-999 8.0%
$1,000-1,499 15.1%
>=$1,500 0.0%
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 $951 would therefore be considered affordable for annual household incomes greater than $38,040 (12 months x 3.333 x $951).

Rent % Affordability
Above $500 66.2%
Above $700 54.6%
Above $1,100 31.4%
Above $1,500 20.5%
Above $1,900 12.1%
HOUSEHOLD INCOME RANGE

Approximately 290 of households in this neighborhood have a total annual income of $38,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $951 per month.

MINIMUM INCOME RANGE : $38,040

Income % Distribution
<$20K 33.8%
$20K-$35K 25.6%
$35K-$60K 20.0%
$60K-$100K 13.6%
>=$100K 6.9%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.7%
5-9 mins 2.5%
10-14 mins 16.9%
15-19 mins 18.5%
20-29 mins 26.1%
30-44 mins 21.0%
45-59 mins 2.2%
>60 mins 4.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 19% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $951 per month.

MY RENT : $951 MEDIAN RENT : $766

Rent % Distribution
$500-699 14.1%
$700-899 62.8%
$900-999 8.0%
$1,000-1,499 15.1%
>=$1,500 0.0%
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 $951 would therefore be considered affordable for annual household incomes greater than $38,040 (12 months x 3.333 x $951).

Rent % Affordability
Above $500 66.2%
Above $700 54.6%
Above $1,100 31.4%
Above $1,500 20.5%
Above $1,900 12.1%
HOUSEHOLD INCOME RANGE

Approximately 290 of households in this neighborhood have a total annual income of $38,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $951 per month.

MINIMUM INCOME RANGE : $38,040

Income % Distribution
<$20K 33.8%
$20K-$35K 25.6%
$35K-$60K 20.0%
$60K-$100K 13.6%
>=$100K 6.9%
COMMUTE TIME DISTRIBUTION

66% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.7%
5-9 mins 2.5%
10-14 mins 16.9%
15-19 mins 18.5%
20-29 mins 26.1%
30-44 mins 21.0%
45-59 mins 2.2%
>60 mins 4.1%

ORRUM Demographics

INDUSTRY

Industry % Distribution
Construction 6.4%
Educational Services 12.1%
Health Care & Social Assistance 15.1%
Manufacturing 8.4%
Retail & Wholesale Trader 18.8%
Transportation 6.5%
Other 32.6%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 27% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 13.7%
15-19 7.2%
20-24 6.3%
25-44 25.0%
45-65 28.2%
66+ 19.6%
OCCUPATION

Occupation % Distribution
Construction 8.6%
Healthcare 7.1%
Management, Business, & Financial 9.3%
Natural Resources Maintenance 11.8%
Production & Transportation 18.4%
Sales & Office 31.2%
Other 13.6%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.4%
High School 36.0%
Masters Degree 4.6%
Some College 20.7%
Some High School 20.7%
Other 8.6%

858 Water Tower Rd Comps

Sorry, we do not have sufficient data available.

858 Water Tower Rd, Orrum, NC 28369 is a single family home of 2,128 sqft. HomeUnion INVESTimateĀ® for 858 Water Tower Rd includes a Price Estimate of $42,478 and a Rent Estimate of $951. This single family home has 5 bedrooms,2 bathrooms, and was built in 2001. This property has an estimated 15 year annualized Yield of 26.87% and Total Return of 34.78%. The estimated 1 year forecast in home value for 858 Water Tower Rd is 1.45%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , ROBESON County , or the 28369 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available