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1080 Brake Rd Elliston, VA 24087

2 Beds 2 Baths 1,566 sqft Built 2008

Last updated: Jun 30, 2018

INVESTimate

$125,059

$122K - $128K

Price Est.

$1,159

$1.1K - $1.3K

Rent Est.

$44,641

Investment Est.

$124,346 ( -0.57%) 1 YR EST. FORECAST

1 YEAR (ESTIMATED)
Gross Yield	11.12%
NOI	$8,865

15 YEAR (ESTIMATED)
Yield	16.16%
Appreciation	1.48%
TOTAL RETURN	19.90%

1 YEAR (ESTIMATED)
11.12% Gross Yield	$8,865 Net Operating Income NOI

15 YEAR (ESTIMATED)
16.16% Yield	1.48% Appreciation	19.90% TOTAL RETURN

SOLD DATE: Jan 9, 2018

$120,000

SOLD PRICE

EDIT

SOLD DATE: Jan 9, 2018

$120,000

SOLD PRICE

EDIT

1080 Brake Rd PROPERTY INFO

FACTS

Built In 2008
Price/Sqft : $79.86

CONSTRUCTION

Beds : 2
Floor Size : 1,566 sqft
Baths : 2 Full

PROPERTY DESCRIPTION

1080 Brake Rd, Elliston, VA 24087 is a single family home of 1,566 sqft. HomeUnion estimate for 1080 Brake Rd includes a Price Estimate of $125,059 and a Rent Estimate of $1,159. This single family home has 2 bedrooms, 2 bathrooms, and was built in 2008. This property has an estimated 15 year annualized Yield of 11.12% and Total Return of 19.90%. The estimated 1 year forecast in home value for 1080 Brake Rd is -0.57%.

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Purchase Price

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Projected Rent

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Projected Rent

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Projected Rent

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SEE PRICE & RENT TRENDS

1080 Brake Rd SCHOOLS

NAME	EDUCATIONAL LEVEL	SCHOOL TYPE	# OF STUDENTS	# OF TEACHERS	GREATSCHOOLS RATING
EASTERN MONTGOMERY ELEMENTARY SCHOOL	Primary	Regular	524	33	2
SHAWSVILLE MIDDLE SCHOOL	Middle	Regular	219	21	3
EASTERN MONTGOMERY HIGH SCHOOL	High	Regular	284	28	4

EASTERN MONTGOMERY ELEMENTARY SCHOOL

Education Level: Primary
# of students: 524
# of teachers: 33

GreatSchools Rating

SHAWSVILLE MIDDLE SCHOOL

Education Level: Middle
# of students: 219
# of teachers: 21

GreatSchools Rating

EASTERN MONTGOMERY HIGH SCHOOL

Education Level: High
# of students: 284
# of teachers: 28

GreatSchools Rating

Financial Details

See Financial Details

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Neighborhood

ELLISTON

4,881

POPULATION
1,546

HOUSEHOLDS
58.1%

WHITE COLLAR

Neighborhood : ELLISTON

HOUSEHOLDS

1,546

POPULATION

4,881

19.4%Renters

80.6%Home Owners

LABOR FORCE

58.1%White Collar

41.9%Blue Collar

DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 52% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,242 per month.

MY RENT : $1,242 MEDIAN RENT : $1,130

Rent	% Distribution LEVEL
$500-699	0.0%
$700-899	0.0%
$900-999	9.1%
$1,000-1,499	80.8%
>=$1,500	10.1%

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 $1,242 would therefore be considered affordable for annual household incomes greater than $49,680 (12 months x 3.333 x $1,242).

Rent	% Affordability
Above $500	85.0%
Above $700	73.1%
Above $1,100	56.9%
Above $1,500	37.5%
Above $1,900	28.5%

HOUSEHOLD INCOME RANGE

Approximately 655 of households in this neighborhood have a total annual income of $49,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,242 per month.

MINIMUM INCOME RANGE : $49,680

Income	% Distribution
<$20K	15.0%
$20K-$35K	19.9%
$35K-$60K	27.7%
$60K-$100K	18.3%
>=$100K	19.2%

COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins)	% Distribution
<5 mins	1.1%
5-9 mins	3.8%
10-14 mins	14.8%
15-19 mins	13.1%
20-29 mins	29.1%
30-44 mins	25.2%
45-59 mins	4.1%
>60 mins	8.8%

DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 52% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,242 per month.

MY RENT : $1,242 MEDIAN RENT : $1,130

Rent	% Distribution
$500-699	0.0%
$700-899	0.0%
$900-999	9.1%
$1,000-1,499	80.8%
>=$1,500	10.1%

Household Rent Affordability

Rent	% Affordability
Above $500	85.0%
Above $700	73.1%
Above $1,100	56.9%
Above $1,500	37.5%
Above $1,900	28.5%

HOUSEHOLD INCOME RANGE

MINIMUM INCOME RANGE : $49,680

Income	% Distribution
<$20K	15.0%
$20K-$35K	19.9%
$35K-$60K	27.7%
$60K-$100K	18.3%
>=$100K	19.2%

COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins)	% Distribution
<5 mins	1.1%
5-9 mins	3.8%
10-14 mins	14.8%
15-19 mins	13.1%
20-29 mins	29.1%
30-44 mins	25.2%
45-59 mins	4.1%
>60 mins	8.8%

ELLISTON Demographics

INDUSTRY

Industry	% Distribution
Administrative Support	12.1%
Arts & Entertainment	15.3%
Construction	10.5%
Health Care & Social Assistance	9.5%
Professional & Scientific Tech Services	8.5%
Retail & Wholesale Trader	11.5%
Other	32.6%

OCCUPATION

Occupation	% Distribution
Computer Engineering	9.2%
Healthcare	11.4%
Management, Business, & Financial	11.9%
Natural Resources Maintenance	8.3%
Production & Transportation	11.9%
Sales & Office	17.0%
Other	30.3%

AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age	% Distribution
<15	20.7%
15-19	6.4%
20-24	8.6%
25-44	28.8%
45-65	21.9%
66+	13.6%

HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level	% Distribution
Associates Degree	5.7%
High School	38.5%
Masters Degree	7.2%
Some College	11.7%
Some High School	24.3%
Other	12.6%

ELLISTON Demographics

INDUSTRY

Industry	% Distribution
Administrative Support	12.1%
Arts & Entertainment	15.3%
Construction	10.5%
Health Care & Social Assistance	9.5%
Professional & Scientific Tech Services	8.5%
Retail & Wholesale Trader	11.5%
Other	32.6%

AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 36% is 24 or younger and 14% is 65 or older.

Age	% Distribution
<15	20.7%
15-19	6.4%
20-24	8.6%
25-44	28.8%
45-65	21.9%
66+	13.6%

OCCUPATION

Occupation	% Distribution
Computer Engineering	9.2%
Healthcare	11.4%
Management, Business, & Financial	11.9%
Natural Resources Maintenance	8.3%
Production & Transportation	11.9%
Sales & Office	17.0%
Other	30.3%

HIGHEST EDUCATION LEVEL

19% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level	% Distribution
Associates Degree	5.7%
High School	38.5%
Masters Degree	7.2%
Some College	11.7%
Some High School	24.3%
Other	12.6%

1080 Brake Rd Comps

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1080 Brake Rd Elliston, VA 24087

INVESTimate

$125,059

$1,159

$44,641

$120,000

$120,000

1080 Brake Rd PROPERTY INFO

FACTS

CONSTRUCTION

PROPERTY DESCRIPTION

OTHER REAL ESTATE INVESTMENT PROPERTIES

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

1080 Brake Rd SCHOOLS

EASTERN MONTGOMERY ELEMENTARY SCHOOL

SHAWSVILLE MIDDLE SCHOOL

EASTERN MONTGOMERY HIGH SCHOOL

Financial Details

See Financial Details

ELLISTON

4,881

POPULATION

1,546

HOUSEHOLDS

58.1%

WHITE COLLAR

Neighborhood : ELLISTON

HOUSEHOLDS

POPULATION

4,881

LABOR FORCE

DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Household Rent Affordability

HOUSEHOLD INCOME RANGE

COMMUTE TIME DISTRIBUTION

DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Household Rent Affordability

HOUSEHOLD INCOME RANGE

COMMUTE TIME DISTRIBUTION

INDUSTRY

OCCUPATION

AGE DISTRIBUTION

HIGHEST EDUCATION LEVEL

ELLISTON Demographics

INDUSTRY

AGE DISTRIBUTION

OCCUPATION

HIGHEST EDUCATION LEVEL

Crime Rate

CRIME RATE

1080 Brake Rd Comps

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