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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

311 Pelican Flight Dr Dewees Island, SC 29451

5 Beds 4 Baths 3,688 sqft Built 2003
Last updated:  Jan 23, 2020

INVESTimate

$1,249,723

$1.19M - $1.31M

Price Est.

$4,115

$3.6K - $4.6K

Rent Est.

$1,322,582  ( +5.83%)   1 YR EST. FORECAST
  
  
  

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311 Pelican Flight Dr PROPERTY INFO

FACTS
  • Built In 2003
  • Price/Sqft : $338.86
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,688 sqft
  • Baths : 4 Full

311 Pelican Flight Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SULLIVANS ISLAND ELEMENTARY SCHOOL Primary Regular 400 24 10
MOULTRIE MIDDLE SCHOOL Middle Regular 905 53 10
WANDO HIGH SCHOOL High Regular 3,465 213 8

SULLIVANS ISLAND ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 400
  • # of teachers: 24
10
GreatSchools Rating

MOULTRIE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 905
  • # of teachers: 53
10
GreatSchools Rating

WANDO HIGH SCHOOL

  • Education Level: High
  • # of students: 3,465
  • # of teachers: 213
8
GreatSchools Rating
 

Financial Details

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Neighborhood

ISLE OF PALMS

  • 4,398

    POPULATION
  • 1,919

    HOUSEHOLDS
  • 86.3%

    WHITE COLLAR

Neighborhood : ISLE OF PALMS

HOUSEHOLDS
1,919
POPULATION

4,398

19.1%Renters
80.9%Home Owners
LABOR FORCE

 

86.3%White Collar
13.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $4,115 per month.

MY RENT : $4,115 MEDIAN RENT : $3,313

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $4,115 would therefore be considered affordable for annual household incomes greater than $164,600 (12 months x 3.333 x $4,115).

Rent % Affordability
Above $500 89.6%
Above $700 80.9%
Above $1,100 74.3%
Above $1,500 67.6%
Above $1,900 59.3%
HOUSEHOLD INCOME RANGE

Approximately 333 of households in this neighborhood have a total annual income of $164,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,115 per month.

MINIMUM INCOME RANGE : $164,600

Income % Distribution
<$20K 10.4%
$20K-$35K 10.6%
$35K-$60K 11.4%
$60K-$100K 16.8%
>=$100K 50.9%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.6%
5-9 mins 5.1%
10-14 mins 8.1%
15-19 mins 12.5%
20-29 mins 28.7%
30-44 mins 28.3%
45-59 mins 5.8%
>60 mins 6.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $4,115 per month.

MY RENT : $4,115 MEDIAN RENT : $3,313

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $4,115 would therefore be considered affordable for annual household incomes greater than $164,600 (12 months x 3.333 x $4,115).

Rent % Affordability
Above $500 89.6%
Above $700 80.9%
Above $1,100 74.3%
Above $1,500 67.6%
Above $1,900 59.3%
HOUSEHOLD INCOME RANGE

Approximately 333 of households in this neighborhood have a total annual income of $164,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,115 per month.

MINIMUM INCOME RANGE : $164,600

Income % Distribution
<$20K 10.4%
$20K-$35K 10.6%
$35K-$60K 11.4%
$60K-$100K 16.8%
>=$100K 50.9%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.6%
5-9 mins 5.1%
10-14 mins 8.1%
15-19 mins 12.5%
20-29 mins 28.7%
30-44 mins 28.3%
45-59 mins 5.8%
>60 mins 6.0%

ISLE OF PALMS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.7%
Construction 8.8%
Health Care & Social Assistance 12.8%
Professional & Scientific Tech Services 12.5%
Real Estate 8.6%
Retail & Wholesale Trader 12.8%
Other 33.9%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 19% is 24 or younger and 30% is 65 or older.

Age % Distribution
<15 11.2%
15-19 4.4%
20-24 3.3%
25-44 16.3%
45-65 35.2%
66+ 29.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 11.0%
Construction 3.8%
Healthcare 8.3%
Management, Business, & Financial 28.9%
Natural Resources Maintenance 7.3%
Sales & Office 25.2%
Other 15.5%
HIGHEST EDUCATION LEVEL

29% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 2.2%
High School 10.9%
Masters Degree 17.8%
Professional 7.9%
Some College 15.2%
Other 46.1%

311 Pelican Flight Dr Comps

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311 Pelican Flight Dr, Dewees Island, SC 29451 is a single family home of 3,688 sqft. HomeUnion INVESTimateĀ® for 311 Pelican Flight Dr includes a Price Estimate of $1,249,723 and a Rent Estimate of $4,115. This single family home has 5 bedrooms,4 bathrooms, and was built in 2003. This property has an estimated 15 year annualized Yield of 3.95% and Total Return of 14.65%. The estimated 1 year forecast in home value for 311 Pelican Flight Dr is 5.83%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in SC , CHARLESTON County , or the 29451 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 29407