INVESTimate
$57,431
Financial Details116 Scott Rd PROPERTY INFO
FACTS
- Built In 1960
- Price/Sqft : $96.40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,798 sqft
- Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
116 Scott Rd, Honea Path, SC 29654 is a single family home of 1,798 sqft. HomeUnion estimate for 116 Scott Rd includes a Price Estimate of $173,323 and a Rent Estimate of $1,065. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1960. This property has an estimated 15 year annualized Yield of 7.37% and Total Return of 19.24%. The estimated 1 year forecast in home value for 116 Scott Rd is 6.41%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
116 Scott Rd SCHOOLS
Financial Details
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HONEA PATH
Neighborhood : HONEA PATH
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 18% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,065 per month.
MY RENT : $1,065 MEDIAN RENT : $820
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 $1,065 would therefore be considered affordable for annual household incomes greater than $42,600 (12 months x 3.333 x $1,065).
HOUSEHOLD INCOME RANGE
Approximately 1,470 of households in this neighborhood have a total annual income of $42,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,065 per month.
MINIMUM INCOME RANGE : $42,600
COMMUTE TIME DISTRIBUTION
54% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.
HONEA PATH Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 7.6% |
| Educational Services | 6.7% |
| Health Care & Social Assistance | 14.5% |
| Manufacturing | 20.1% |
| Retail & Wholesale Trader | 19.7% |
| Transportation | 7.4% |
| Other | 24.1% |
AGE DISTRIBUTION
51% of the population is between the ages of 25 and 64, 32% is 24 or younger and 17% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 17.6% |
| 15-19 | 8.4% |
| 20-24 | 5.9% |
| 25-44 | 22.8% |
| 45-65 | 27.9% |
| 66+ | 17.4% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 6.3% |
| Healthcare | 7.6% |
| Management, Business, & Financial | 11.1% |
| Natural Resources Maintenance | 13.1% |
| Production & Transportation | 24.2% |
| Sales & Office | 19.7% |
| Other | 18.1% |
HIGHEST EDUCATION LEVEL
13% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.8% |
| High School | 35.7% |
| Masters Degree | 2.4% |
| Some College | 22.4% |
| Some High School | 19.2% |
| Other | 10.5% |
116 Scott Rd Comps
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