Sell Your Property

Easily Access a network of motivated buyers
This page contains information about each property aggregated from public data sources, 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.

...MORE

This page contains information about each property aggregated from public data sources, 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.

893 N Main St Troy, NC 27371

3 Beds 3 Baths 2,056 sqft Built 1969
Last updated:  Jan 23, 2020

INVESTimate

$156,623

$146K - $167K

Price Est.

$1,173

$1.0K - $1.3K

Rent Est.

$158,910  ( +1.46%)   1 YR EST. FORECAST

893 N Main St PROPERTY INFO

FACTS
  • Built In 1969
  • Price/Sqft : $76.18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,056 sqft
  • Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
893 N Main St, Troy, NC 27371 is a single family home of 2,056 sqft. HomeUnion estimate for 893 N Main St includes a Price Estimate of $156,623 and a Rent Estimate of $1,173. This single family home has 3 bedrooms, 3 bathrooms, and was built in 1969. This property has an estimated 15 year annualized Yield of 8.99% and Total Return of 19.20%. The estimated 1 year forecast in home value for 893 N Main St is 1.46%.
  
  
  

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

  • 3301 HENDERSON MILL ROAD Atlanta, GA
    • 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units
    AVAILABLE fmls
    • 13.98% GROSS YIELD
    • $7,359 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $170,000
    • $50,800
    • $1,980
  • 3530 PIEDMONT ROAD Atlanta, GA
    • 2 beds 2 baths ∙ 1,527 Sqft ∙ Built 1976 ∙ 1units 2 beds 2 baths ∙ 1,527 Sqft ∙ Built 1976 ∙ 1units
    AVAILABLE fmls
    • 13.73% GROSS YIELD
    • $10,605 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $229,000
    • $66,435
    • $2,620
  • 2942 WALNUT SPRINGS DRIVE Katy, TX
    • 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1984 ∙ 1units 3 beds 2 baths ∙ 1,256 Sqft ∙ Built 1984 ∙ 1units
    AVAILABLE
    • 13.00% GROSS YIELD
    • $6,229 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $120,000
    • $37,550
    • $1,300
  • 2032 GLENRIDGE DRIVE Indianapolis, IN
    • 4 beds 1 baths ∙ 1,820 Sqft ∙ Built 1949 ∙ 1units 4 beds 1 baths ∙ 1,820 Sqft ∙ Built 1949 ∙ 1units
    AVAILABLE
    • 12.40% GROSS YIELD
    • $5,248 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $90,000
    • $29,600
    • $930

893 N Main St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PAGE STREET ELEMENTARY SCHOOL Primary Regular 303 20 NA
WEST MIDDLE SCHOOL Middle Regular 505 30 NA
WEST MONTGOMERY HIGH SCHOOL High Regular 565 41 NA

PAGE STREET ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 303
  • # of teachers: 20
-1
GreatSchools Rating

WEST MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 505
  • # of teachers: 30
-1
GreatSchools Rating

WEST MONTGOMERY HIGH SCHOOL

  • Education Level: High
  • # of students: 565
  • # of teachers: 41
-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

TROY

  • 8,362

    POPULATION
  • 3,152

    HOUSEHOLDS
  • 48.4%

    WHITE COLLAR

Neighborhood : TROY

HOUSEHOLDS
3,152
POPULATION

8,362

31.9%Renters
68.1%Home Owners
LABOR FORCE

 

48.4%White Collar
51.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 11% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,173 per month.

MY RENT : $1,173 MEDIAN RENT : $745

Rent % Distribution LEVEL
$500-699 10.8%
$700-899 69.4%
$900-999 4.3%
$1,000-1,499 13.3%
>=$1,500 2.2%
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 $1,173 would therefore be considered affordable for annual household incomes greater than $46,920 (12 months x 3.333 x $1,173).

Rent % Affordability
Above $500 74.5%
Above $700 64.1%
Above $1,100 46.4%
Above $1,500 33.2%
Above $1,900 20.5%
HOUSEHOLD INCOME RANGE

Approximately 1,194 of households in this neighborhood have a total annual income of $46,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,173 per month.

MINIMUM INCOME RANGE : $46,920

Income % Distribution
<$20K 25.5%
$20K-$35K 19.9%
$35K-$60K 21.4%
$60K-$100K 20.4%
>=$100K 12.8%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.4%
5-9 mins 16.3%
10-14 mins 20.5%
15-19 mins 18.8%
20-29 mins 13.6%
30-44 mins 11.9%
45-59 mins 4.5%
>60 mins 10.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 11% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,173 per month.

MY RENT : $1,173 MEDIAN RENT : $745

Rent % Distribution
$500-699 10.8%
$700-899 69.4%
$900-999 4.3%
$1,000-1,499 13.3%
>=$1,500 2.2%
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 $1,173 would therefore be considered affordable for annual household incomes greater than $46,920 (12 months x 3.333 x $1,173).

Rent % Affordability
Above $500 74.5%
Above $700 64.1%
Above $1,100 46.4%
Above $1,500 33.2%
Above $1,900 20.5%
HOUSEHOLD INCOME RANGE

Approximately 1,194 of households in this neighborhood have a total annual income of $46,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,173 per month.

MINIMUM INCOME RANGE : $46,920

Income % Distribution
<$20K 25.5%
$20K-$35K 19.9%
$35K-$60K 21.4%
$60K-$100K 20.4%
>=$100K 12.8%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.4%
5-9 mins 16.3%
10-14 mins 20.5%
15-19 mins 18.8%
20-29 mins 13.6%
30-44 mins 11.9%
45-59 mins 4.5%
>60 mins 10.1%

TROY Demographics

INDUSTRY

Industry % Distribution
Construction 9.4%
Educational Services 13.0%
Health Care & Social Assistance 11.1%
Manufacturing 18.3%
Public Administration 9.9%
Retail & Wholesale Trader 10.7%
Other 27.6%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 29% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 19.5%
15-19 4.4%
20-24 4.6%
25-44 27.0%
45-65 27.7%
66+ 16.8%
OCCUPATION

Occupation % Distribution
Construction 9.8%
Management, Business, & Financial 9.9%
Natural Resources Maintenance 14.3%
Production & Transportation 20.6%
Protect 8.1%
Sales & Office 17.0%
Other 20.3%
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 9.7%
High School 29.3%
Masters Degree 3.1%
Some College 28.1%
Some High School 15.9%
Other 13.8%

893 N Main St Comps

Sorry, we do not have sufficient data available.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in NC , MONTGOMERY County , or the 27371 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 27229
  2. 27341
  3. 27356
  4. 27306