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

8821 Nc Highway 58 N Castalia, NC 27816

3 Beds 1 Baths 1,416 sqft Built 1971
Last updated:  Jan 23, 2020

INVESTimate

$236,489

$207K - $266K

Price Est.

$514

480 - 548

Rent Est.

$240,178  ( +1.56%)   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
  • 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
  • 3349 JAPONICA RD N JACKSONVILLE, FL
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955
    AVAILABLE
    • 14.68% GROSS YIELD
    • $6,334 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $85,000
    • $28,275
    • $1,040
  • 1424 BRETON RD JACKSONVILLE, FL
    • 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1950
    AVAILABLE
    • 14.27% GROSS YIELD
    • $5,871 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $79,900
    • $26,924
    • $950

8821 Nc Highway 58 N PROPERTY INFO

FACTS
  • Built In 1971
  • Price/Sqft : $167.01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,416 sqft
  • Baths : 1 Full

8821 Nc Highway 58 N 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

See Financial Details

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

Already have an account?
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 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $514 per month.

MY RENT : $514 MEDIAN RENT : $758

Rent % Distribution LEVEL
$500-699 37.1%
$700-899 33.0%
$900-999 6.4%
$1,000-1,499 17.8%
>=$1,500 5.7%
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 $514 would therefore be considered affordable for annual household incomes greater than $20,560 (12 months x 3.333 x $514).

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 1,746 of households in this neighborhood have a total annual income of $20,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $514 per month.

MINIMUM INCOME RANGE : $20,560

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 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $514 per month.

MY RENT : $514 MEDIAN RENT : $758

Rent % Distribution
$500-699 37.1%
$700-899 33.0%
$900-999 6.4%
$1,000-1,499 17.8%
>=$1,500 5.7%
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 $514 would therefore be considered affordable for annual household incomes greater than $20,560 (12 months x 3.333 x $514).

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 1,746 of households in this neighborhood have a total annual income of $20,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $514 per month.

MINIMUM INCOME RANGE : $20,560

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%

8821 Nc Highway 58 N Comps

Sorry, we do not have sufficient data available.

8821 Nc Highway 58 N, Castalia, NC 27816 is a single family home of 1,416 sqft. HomeUnion INVESTimateĀ® for 8821 Nc Highway 58 N includes a Price Estimate of $236,489 and a Rent Estimate of $514. This single family home has 3 bedrooms,1 bathrooms, and was built in 1971. This property has an estimated 15 year annualized Yield of 2.61% and Total Return of 3.74%. The estimated 1 year forecast in home value for 8821 Nc Highway 58 N 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

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available

Similar Investment Properties By List Price within 2 miles

  1. 9189 Main St
  2. 11495 Red Bud Rd
  3. 9347 Castalia Loop Rd

Nearest zipcodes within 2 miles

  1. 27882
  2. 27856