INVESTimate
$56,392
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161 Cato Rd PROPERTY INFO
FACTS
- Built In 1966
- Price/Sqft : $70.09
CONSTRUCTION
- Beds : 0
- Floor Size : 2,417 sqft
- Baths : 3 Full
161 Cato Rd SCHOOLS
Financial Details
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Langley
Neighborhood : Langley
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 2% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,455 per month.
MY RENT : $1,455 MEDIAN RENT : $861
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 $1,455 would therefore be considered affordable for annual household incomes greater than $58,200 (12 months x 3.333 x $1,455).
HOUSEHOLD INCOME RANGE
Approximately 121 of households in this neighborhood have a total annual income of $58,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,455 per month.
MINIMUM INCOME RANGE : $58,200
COMMUTE TIME DISTRIBUTION
74% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.
Langley Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 7.0% |
| Arts & Entertainment | 7.8% |
| Construction | 9.3% |
| Health Care & Social Assistance | 10.7% |
| Manufacturing | 26.6% |
| Retail & Wholesale Trader | 16.7% |
| Other | 22.1% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 34% is 24 or younger and 16% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 19.7% |
| 15-19 | 5.5% |
| 20-24 | 8.7% |
| 25-44 | 23.7% |
| 45-65 | 26.7% |
| 66+ | 15.7% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Education | 10.7% |
| Healthcare | 5.4% |
| Management, Business, & Financial | 7.1% |
| Natural Resources Maintenance | 13.8% |
| Production & Transportation | 38.5% |
| Sales & Office | 16.6% |
| Other | 7.9% |
HIGHEST EDUCATION LEVEL
2% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 1.1% |
| High School | 45.9% |
| Masters Degree | 1.0% |
| Some College | 19.8% |
| Some High School | 28.8% |
| Other | 3.4% |
161 Cato Rd Comps
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161 Cato Rd, Warrenville, SC 29851 is a single family home of 2,417 sqft. HomeUnion INVESTimateĀ® for 161 Cato Rd includes a Price Estimate of $169,403 and a Rent Estimate of $1,455. This single family home has 0 bedrooms,3 bathrooms, and was built in 1966. This property has an estimated 15 year annualized Yield of 10.31% and Total Return of 21.63%. The estimated 1 year forecast in home value for 161 Cato Rd is 1.58%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in SC , AIKEN County , or the 29851 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
