Financial Details910 Cherokee Trce PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $225.49
CONSTRUCTION
- Beds : 4
- Floor Size : 3,773 sqft
- Baths : 4 Full 1 Half
PROPERTY DESCRIPTION
910 Cherokee Trce, Lake Toxaway, NC 28747 is a single family home of 3,773 sqft. HomeUnion estimate for 910 Cherokee Trce includes a Price Estimate of $850,763 and a Rent Estimate of $2,828. This single family home has 4 bedrooms, 5 bathrooms, and was built in 1984. This property has an estimated 15 year annualized Yield of 3.99% and Total Return of 5.69%. The estimated 1 year forecast in home value for 910 Cherokee Trce is -0.99%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
910 Cherokee 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 $2,828 per month.
MY RENT : $2,828 MEDIAN RENT : $1,495
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 $2,828 would therefore be considered affordable for annual household incomes greater than $113,120 (12 months x 3.333 x $2,828).
HOUSEHOLD INCOME RANGE
Approximately 62 of households in this neighborhood have a total annual income of $113,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,828 per month.
MINIMUM INCOME RANGE : $113,120
COMMUTE TIME DISTRIBUTION
59% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.
LAKE TOXAWAY Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 7.6% |
| Construction | 17.6% |
| Educational Services | 8.1% |
| Health Care & Social Assistance | 7.3% |
| Professional & Scientific Tech Services | 10.9% |
| Retail & Wholesale Trader | 14.7% |
| Other | 33.8% |
AGE DISTRIBUTION
53% 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 | 9.7% |
| 15-19 | 6.3% |
| 20-24 | 3.4% |
| 25-44 | 19.7% |
| 45-65 | 32.9% |
| 66+ | 28.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 6.6% |
| Management, Business, & Financial | 17.2% |
| Natural Resources Maintenance | 14.9% |
| PCare | 10.0% |
| Production & Transportation | 11.5% |
| Sales & Office | 29.6% |
| Other | 10.2% |
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 | 7.3% |
| High School | 41.8% |
| Masters Degree | 3.1% |
| Some College | 21.6% |
| Some High School | 12.0% |
| Other | 14.3% |
910 Cherokee Trce Comps
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