Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

...MORE

This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

108 Morgan Ln Sunset, SC 29685

2 Beds 2 Baths 1,152 sqft Built 0
Last updated:  Nov 28, 2019

INVESTimate

$114,982

$107K - $123K

Price Est.

$831

761 - 901

Rent Est.

$118,454  ( +3.02%)   1 YR EST. FORECAST
  
  
  

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

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 3349 JAPONICA RD N JACKSONVILLE, FL
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955
    AVAILABLE
    • 14.68% GROSS YIELD
    • $6,334 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $85,000
    • $28,275
    • $1,040
  • 533 NARROW BROOK DRIVE Indianapolis, IN
    • 4 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007 ∙ 1units 4 beds 3 baths ∙ 1,602 Sqft ∙ Built 2007 ∙ 1units
    AVAILABLE
    • 13.93% GROSS YIELD
    • $8,115 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $102,500
    • $32,912
    • $1,190

108 Morgan Ln PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $99.81
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,152 sqft
  • Baths : 1 Full 1 Half

108 Morgan Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HAGOOD ELEMENTARY SCHOOL Primary Regular 358 23 4
PICKENS MIDDLE SCHOOL Middle Regular 834 46 6
PICKENS HIGH SCHOOL High Regular 1,387 76 5

HAGOOD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 358
  • # of teachers: 23
4
GreatSchools Rating

PICKENS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 834
  • # of teachers: 46
6
GreatSchools Rating

PICKENS HIGH SCHOOL

  • Education Level: High
  • # of students: 1,387
  • # of teachers: 76
5
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

SUNSET

  • 1,558

    POPULATION
  • 652

    HOUSEHOLDS
  • 52.1%

    WHITE COLLAR

Neighborhood : SUNSET

HOUSEHOLDS
652
POPULATION

1,558

11.6%Renters
88.4%Home Owners
LABOR FORCE

 

52.1%White Collar
47.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 94% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $831 per month.

MY RENT : $831 MEDIAN RENT : $1,840

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 9.1%
$900-999 11.4%
$1,000-1,499 19.4%
>=$1,500 60.1%
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 $831 would therefore be considered affordable for annual household incomes greater than $33,240 (12 months x 3.333 x $831).

Rent % Affordability
Above $500 87.4%
Above $700 77.0%
Above $1,100 63.3%
Above $1,500 45.0%
Above $1,900 39.0%
HOUSEHOLD INCOME RANGE

Approximately 1,503 of households in this neighborhood have a total annual income of $33,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $831 per month.

MINIMUM INCOME RANGE : $33,240

Income % Distribution
<$20K 12.6%
$20K-$35K 17.8%
$35K-$60K 24.6%
$60K-$100K 18.1%
>=$100K 26.9%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 11% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 6.5%
10-14 mins 3.4%
15-19 mins 9.3%
20-29 mins 23.6%
30-44 mins 30.8%
45-59 mins 18.0%
>60 mins 7.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 94% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $831 per month.

MY RENT : $831 MEDIAN RENT : $1,840

Rent % Distribution
$500-699 0.0%
$700-899 9.1%
$900-999 11.4%
$1,000-1,499 19.4%
>=$1,500 60.1%
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 $831 would therefore be considered affordable for annual household incomes greater than $33,240 (12 months x 3.333 x $831).

Rent % Affordability
Above $500 87.4%
Above $700 77.0%
Above $1,100 63.3%
Above $1,500 45.0%
Above $1,900 39.0%
HOUSEHOLD INCOME RANGE

Approximately 1,503 of households in this neighborhood have a total annual income of $33,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $831 per month.

MINIMUM INCOME RANGE : $33,240

Income % Distribution
<$20K 12.6%
$20K-$35K 17.8%
$35K-$60K 24.6%
$60K-$100K 18.1%
>=$100K 26.9%
COMMUTE TIME DISTRIBUTION

64% of the working population has a commute time of 15 to 44 minutes, 11% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 6.5%
10-14 mins 3.4%
15-19 mins 9.3%
20-29 mins 23.6%
30-44 mins 30.8%
45-59 mins 18.0%
>60 mins 7.2%

SUNSET Demographics

INDUSTRY

Industry % Distribution
Educational Services 10.5%
Health Care & Social Assistance 10.0%
Manufacturing 21.9%
Public Administration 6.8%
Retail & Wholesale Trader 13.5%
Transportation 11.8%
Other 25.6%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 26% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 17.0%
15-19 4.7%
20-24 4.4%
25-44 17.5%
45-65 34.1%
66+ 22.3%
OCCUPATION

Occupation % Distribution
Clean 5.5%
Management, Business, & Financial 15.7%
Natural Resources Maintenance 16.1%
Production & Transportation 17.0%
Protect 10.3%
Sales & Office 16.4%
Other 19.1%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 10.5%
High School 26.0%
Masters Degree 10.5%
Some College 19.5%
Some High School 11.6%
Other 21.9%

108 Morgan Ln Comps

Sorry, we do not have sufficient data available.

108 Morgan Ln, Sunset, SC 29685 is a single family home of 1,152 sqft. HomeUnion INVESTimateĀ® for 108 Morgan Ln includes a Price Estimate of $114,982 and a Rent Estimate of $831. This single family home has 2 bedrooms,2 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 8.67% and Total Return of 12.36%. The estimated 1 year forecast in home value for 108 Morgan Ln is 3.02%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in SC , PICKENS County , or the 29685 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Browse other real estate investments on Morgan Ln

  1. 108 Morgan Ln
  2. 129 Morgan Ln

Nearest zipcodes within 2 miles

  1. 29671