108 Mountain View St Morganton, NC 28655

2 beds · 1 bath · 1,008 sq ft · Lot Size: 11,761 sq ft · Single Family Home · Drexel
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High Demand Long-Term RentalValued below Market Median

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108 Mountain View St is in the Drexel neighborhood of Morganton, NC. It is located in Burke County and ZIP code 28655. This Single Family Home was built in 1922 and is approximately 103 years old. The single family home spans 1008 sq ft with 2 bedrooms and 1 bathroom and sits on a 11761 sq ft lot. The Drexel area of Morganton has 262 residential homes. Analyze and compare real estate investment strategies for properties like this home at 108 Mountain View St Morganton, NC 28655 with Property Intel by Whitepages.

Investment Potential for 108 Mountain View St

The property has a current estimated value of $136,545, which is 16% below the neighborhood median. Projected long-term rental income is $20,400 annually ($1,700 per month) with a 86% occupancy rate.

Long-Term

Gross Rental
$20,400 per year($1,700 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
86%in 28655 zip code
 
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Owners & Occupancy for 108 Mountain View St

No contact information is available.

Occupancy

Current Occupancy******View Occupancy

Property Details for 108 Mountain View St

Property Details

Property Sq Ft

Living Area

1,008 sq ft

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Lot Size

11,761 sq ft

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Price Per Sq Ft

Living Area

$135 / sq ft

Compare to Drexel

Lot Size Area

$12 / sq ft

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Compare to Neighborhood Median
Property condition, age, exterior, etc. for 108 Mounta…
Longitude: -81.606339 Latitude: 35.753655 Parcel Number (APN): 10960…
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Discover more single family homes near 108 Mountain View St in Morganton, North Carolina. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 108 Mountain View St in Burke County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$136,545
$198,670
-$62,125 (-31%)
$******
$293,290
-$74,730 (-25%)
YoY Price Change
****%
2.49%
875%
Year Built
1922
1962
-40 years
Living Space
1,008 sq ft
1,100 sq ft
-92 (-8%)
$ Per Living Sq Ft
$135
$166
-$31 (-19%)
Lot Size
11,761 sq ft
16,553 sq ft
-4792 (-29%)
$ Per Lot Sq Ft
$12
$17
-$5 (-30%)

Net Operating Income
$*****
$15,697
$470 (3%)
Annual Revenue
$20,400
$19,800
$600 (3%)
$****
$4,218
$15 (0%)
Net Operating Income
$*****
$15,697
$470 (3%)
Cap Rate
****%
7.57%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians