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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

380 Cox Rd Hemingway, SC 29554

3 Beds 2 Baths 1,560 sqft Built 2004
Last updated:  Jan 23, 2020

INVESTimate

$104,940

$99.7K - $110K

Price Est.

$1,175

$1.0K - $1.3K

Rent Est.

$108,277  ( +3.18%)   1 YR EST. FORECAST
  
  
  

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380 Cox Rd PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $67.27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 2 Full

380 Cox Rd SCHOOLS

Sorry, we do not have sufficient school data for this neighborhood.
 

Financial Details

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Neighborhood

HEMINGWAY

  • 8,930

    POPULATION
  • 3,287

    HOUSEHOLDS
  • 43.0%

    WHITE COLLAR

Neighborhood : HEMINGWAY

HOUSEHOLDS
3,287
POPULATION

8,930

18.3%Renters
81.7%Home Owners
LABOR FORCE

 

43.0%White Collar
57.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 22% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,175 per month.

MY RENT : $1,175 MEDIAN RENT : $879

Rent % Distribution LEVEL
$500-699 0.6%
$700-899 54.4%
$900-999 11.5%
$1,000-1,499 31.7%
>=$1,500 1.8%
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 $1,175 would therefore be considered affordable for annual household incomes greater than $47,000 (12 months x 3.333 x $1,175).

Rent % Affordability
Above $500 72.8%
Above $700 60.7%
Above $1,100 43.3%
Above $1,500 28.1%
Above $1,900 18.6%
HOUSEHOLD INCOME RANGE

Approximately 1,103 of households in this neighborhood have a total annual income of $47,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,175 per month.

MINIMUM INCOME RANGE : $47,000

Income % Distribution
<$20K 27.2%
$20K-$35K 19.7%
$35K-$60K 25.0%
$60K-$100K 18.5%
>=$100K 9.6%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 34% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.2%
5-9 mins 7.9%
10-14 mins 10.4%
15-19 mins 8.2%
20-29 mins 9.1%
30-44 mins 26.4%
45-59 mins 16.1%
>60 mins 17.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 22% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,175 per month.

MY RENT : $1,175 MEDIAN RENT : $879

Rent % Distribution
$500-699 0.6%
$700-899 54.4%
$900-999 11.5%
$1,000-1,499 31.7%
>=$1,500 1.8%
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 $1,175 would therefore be considered affordable for annual household incomes greater than $47,000 (12 months x 3.333 x $1,175).

Rent % Affordability
Above $500 72.8%
Above $700 60.7%
Above $1,100 43.3%
Above $1,500 28.1%
Above $1,900 18.6%
HOUSEHOLD INCOME RANGE

Approximately 1,103 of households in this neighborhood have a total annual income of $47,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,175 per month.

MINIMUM INCOME RANGE : $47,000

Income % Distribution
<$20K 27.2%
$20K-$35K 19.7%
$35K-$60K 25.0%
$60K-$100K 18.5%
>=$100K 9.6%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 34% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.2%
5-9 mins 7.9%
10-14 mins 10.4%
15-19 mins 8.2%
20-29 mins 9.1%
30-44 mins 26.4%
45-59 mins 16.1%
>60 mins 17.7%

HEMINGWAY Demographics

INDUSTRY

Industry % Distribution
Construction 7.2%
Educational Services 12.9%
Health Care & Social Assistance 12.9%
Manufacturing 23.5%
Retail & Wholesale Trader 12.1%
Transportation 8.4%
Other 23.2%
AGE DISTRIBUTION

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

Age % Distribution
<15 17.1%
15-19 8.2%
20-24 5.2%
25-44 20.8%
45-65 29.8%
66+ 19.0%
OCCUPATION

Occupation % Distribution
Clean 6.8%
Construction 7.0%
Healthcare 10.5%
Natural Resources Maintenance 15.1%
Production & Transportation 24.9%
Sales & Office 18.0%
Other 17.6%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.2%
High School 45.3%
Masters Degree 4.0%
Some College 16.3%
Some High School 22.7%
Other 5.5%

380 Cox Rd Comps

Sorry, we do not have sufficient data available.

380 Cox Rd, Hemingway, SC 29554 is a single family home of 1,560 sqft. HomeUnion INVESTimateĀ® for 380 Cox Rd includes a Price Estimate of $104,940 and a Rent Estimate of $1,175. This single family home has 3 bedrooms,2 bathrooms, and was built in 2004. This property has an estimated 15 year annualized Yield of 13.44% and Total Return of 30.38%. The estimated 1 year forecast in home value for 380 Cox Rd is 3.18%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in SC , WILLIAMSBURG County , or the 29554 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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