Zip Code
208 W Park Dr, Morganton, NC 28655
3 beds · 2 baths · 1,796 sq ft · Lot: 15,682 sq ft · Single Family Home · Built: 1956
Est. Value:
$300K
Est. Rent:
$2.1K/month

208 W Park Dr Morganton, NC 28655

3 beds · 2 baths · 1,796 sq ft · Lot Size: 15,682 sq ft · Single Family Home
Est. Property Value: $299,730

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208 W Park Dr is in the 28655 neighborhood of Morganton, NC. It is located in Burke County and ZIP code 28655. This Single Family Home was built in 1956 and is approximately 69 years old. The single family home spans 1796 sq ft with 3 bedrooms and 2 bathrooms and sits on a 15682 sq ft lot. Analyze and compare real estate investment strategies for properties like this home at 208 W Park Dr Morganton, NC 28655 with Property Intel by Whitepages.

Investment Potential for 208 W Park Dr

The property has a current estimated value of $299,730, which is 39% above the zip median. Projected long-term rental income is $25,200 annually ($2,100 per month) with a 86% occupancy rate.

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Long-Term

Gross Rental
$25,200 per year($2,100 per month)
Net Operating Income
Cap Rate
Occupancy Rate
86%in 28655 zip code
 
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Owners & Occupancy for 208 W Park Dr

No contact information is available.

Occupancy

Resident 1************

Property Details for 208 W Park Dr

Property Details

Property Sq Ft

Living Area

1,796 sq ft

22% above market

Lot Size

15,682 sq ft

53% below market

Price Per Sq Ft

Living Area

$167 / sq ft

15% above market

Lot Size Area

$19 / sq ft

120% above market

Property condition, age, exterior, etc. for 208 W Park…
Longitude: -81.705452 Latitude: 35.738232 Parcel Number (APN): 61909…
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Recommended Properties in 28655

Discover more single family homes near 208 W Park Dr 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 208 W Park Dr in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$299,730
$275,142
$24,588 (9%)
$398,141
$81,620 (21%)
YoY Price Change
2.32%
-535%
Year Built
1956
1990
-34 years
Living Space
1,796 sq ft
1,589 sq ft
207 (13%)
$ Per Living Sq Ft
$167
$169
-$2 (-1%)
Lot Size
15,682 sq ft
20,473 sq ft
-4791 (-23%)
$ Per Lot Sq Ft
$19
$17
$2 (15%)

Net Operating Income
$17,038
$1,021 (6%)
Annual Revenue
$25,200
$22,800
$2,400 (11%)
$5,773
$1,368 (24%)
Net Operating Income
$17,038
$1,021 (6%)
Cap Rate
6%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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