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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

2601 Bay View Dr Green Sea, SC 29545

4 Beds 1 Baths 2,015 sqft Built 1980
Last updated:  Dec 26, 2019

INVESTimate

$226,849

$220K - $234K

Price Est.

$968

890 - $1.0K

Rent Est.

$234,811  ( +3.51%)   1 YR EST. FORECAST
  
  
  

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2601 Bay View Dr PROPERTY INFO

FACTS
  • Built In 1980
  • Price/Sqft : $112.58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,015 sqft
  • Baths : 1 Full

2601 Bay View Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GREEN SEA FLOYDS ELEMENTARY SCHOOL Primary Regular 643 45 7
GREEN SEA FLOYDS MIDDLE SCHOOL Middle Unknown NA
GREEN SEA FLOYDS HIGH SCHOOL High Regular 634 47 4

GREEN SEA FLOYDS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 643
  • # of teachers: 45
7
GreatSchools Rating

GREEN SEA FLOYDS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

GREEN SEA FLOYDS HIGH SCHOOL

  • Education Level: High
  • # of students: 634
  • # of teachers: 47
4
GreatSchools Rating
 

Financial Details

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Neighborhood

GREEN SEA

  • 1,833

    POPULATION
  • 659

    HOUSEHOLDS
  • 46.0%

    WHITE COLLAR

Neighborhood : GREEN SEA

HOUSEHOLDS
659
POPULATION

1,833

22.3%Renters
77.7%Home Owners
LABOR FORCE

 

46.0%White Collar
54.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $968 per month.

MY RENT : $968 MEDIAN RENT : $991

Rent % Distribution LEVEL
$500-699 0.4%
$700-899 32.3%
$900-999 18.1%
$1,000-1,499 42.9%
>=$1,500 6.3%
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 $968 would therefore be considered affordable for annual household incomes greater than $38,720 (12 months x 3.333 x $968).

Rent % Affordability
Above $500 70.3%
Above $700 60.0%
Above $1,100 46.3%
Above $1,500 26.2%
Above $1,900 16.4%
HOUSEHOLD INCOME RANGE

Approximately 241 of households in this neighborhood have a total annual income of $38,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $968 per month.

MINIMUM INCOME RANGE : $38,720

Income % Distribution
<$20K 29.7%
$20K-$35K 14.8%
$35K-$60K 29.2%
$60K-$100K 17.1%
>=$100K 9.1%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 28% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.1%
5-9 mins 10.0%
10-14 mins 7.2%
15-19 mins 11.9%
20-29 mins 10.1%
30-44 mins 32.8%
45-59 mins 21.6%
>60 mins 6.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 55% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $968 per month.

MY RENT : $968 MEDIAN RENT : $991

Rent % Distribution
$500-699 0.4%
$700-899 32.3%
$900-999 18.1%
$1,000-1,499 42.9%
>=$1,500 6.3%
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 $968 would therefore be considered affordable for annual household incomes greater than $38,720 (12 months x 3.333 x $968).

Rent % Affordability
Above $500 70.3%
Above $700 60.0%
Above $1,100 46.3%
Above $1,500 26.2%
Above $1,900 16.4%
HOUSEHOLD INCOME RANGE

Approximately 241 of households in this neighborhood have a total annual income of $38,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $968 per month.

MINIMUM INCOME RANGE : $38,720

Income % Distribution
<$20K 29.7%
$20K-$35K 14.8%
$35K-$60K 29.2%
$60K-$100K 17.1%
>=$100K 9.1%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 28% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.1%
5-9 mins 10.0%
10-14 mins 7.2%
15-19 mins 11.9%
20-29 mins 10.1%
30-44 mins 32.8%
45-59 mins 21.6%
>60 mins 6.2%

GREEN SEA Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.5%
Construction 9.8%
Health Care & Social Assistance 15.9%
Manufacturing 10.7%
Public Administration 6.4%
Retail & Wholesale Trader 16.0%
Other 30.7%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 32% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 23.3%
15-19 5.0%
20-24 3.8%
25-44 27.9%
45-65 23.9%
66+ 16.1%
OCCUPATION

Occupation % Distribution
Healthcare 10.9%
Management, Business, & Financial 9.0%
Natural Resources Maintenance 17.8%
Production & Transportation 13.2%
Protect 7.9%
Sales & Office 29.7%
Other 11.5%
HIGHEST EDUCATION LEVEL

7% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.7%
High School 42.9%
Masters Degree 1.4%
Some College 20.8%
Some High School 20.8%
Other 8.4%

2601 Bay View Dr Comps

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2601 Bay View Dr, Green Sea, SC 29545 is a single family home of 2,015 sqft. HomeUnion INVESTimateĀ® for 2601 Bay View Dr includes a Price Estimate of $226,849 and a Rent Estimate of $968. This single family home has 4 bedrooms,1 bathrooms, and was built in 1980. This property has an estimated 15 year annualized Yield of 5.12% and Total Return of 13.21%. The estimated 1 year forecast in home value for 2601 Bay View Dr is 3.51%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in SC , HORRY County , or the 29545 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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