110 Settlemyre Rd Morganton, NC 28655

2 beds · 1 bath · 832 sq ft · Lot Size: 17,424 sq ft · Single Family Home · Drexel
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110 Settlemyre Rd 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 1950 and is approximately 75 years old. The single family home spans 832 sq ft with 2 bedrooms and 1 bathroom and sits on a 17424 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 110 Settlemyre Rd Morganton, NC 28655 with Property Intel by Whitepages.

Investment Potential for 110 Settlemyre Rd

The property has a current estimated value of $120,874, which is 26% below the neighborhood median. Projected long-term rental income is $18,600 annually ($1,550 per month) with a 86% occupancy rate.

Long-Term

Gross Rental
$18,600 per year($1,550 per month)
Net Operating Income
Cap Rate
Occupancy Rate
86%in 28655 zip code
 
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Owners & Occupancy for 110 Settlemyre Rd

No contact information is available.

Occupancy

Current Occupancy******View Occupancy

Property Details for 110 Settlemyre Rd

Property Details

Property Sq Ft

Living Area

832 sq ft

Compare to Drexel

Lot Size

17,424 sq ft

Compare to Drexel

Price Per Sq Ft

Living Area

$145 / sq ft

Compare to Drexel

Lot Size Area

$7 / sq ft

Compare to Drexel
Property condition, age, exterior, etc. for 110 Settle…
Longitude: -81.609084 Latitude: 35.754315 Parcel Number (APN): 9710…
Mortgage originated on through lender: UNKNOWN for$*****View Mortgage Details
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Market Benchmarks

Compare data for 110 Settlemyre Rd in Burke County to the median in the neighborhood area and surrounding markets, where available.
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Property
State
Difference
$120,874
$198,670
-$77,796 (-39%)
$293,290
-$99,813 (-34%)
YoY Price Change
2.49%
3033%
Year Built
1950
1962
-12 years
Living Space
832 sq ft
1,100 sq ft
-268 (-24%)
$ Per Living Sq Ft
$145
$166
-$21 (-13%)
Lot Size
17,424 sq ft
16,553 sq ft
871 (5%)
$ Per Lot Sq Ft
$7
$17
-$10 (-58%)

Net Operating Income
$15,697
-$1,077 (-7%)
Annual Revenue
$18,600
$19,800
-$1,200 (-6%)
$4,218
-$238 (-6%)
Net Operating Income
$15,697
-$1,077 (-7%)
Cap Rate
7.57%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians