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This page contains information about each property aggregated from public data sources, 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.

4969 Pittsville Rd Pittsville, VA 24139

3 Beds 1 Baths 1,560 sqft Built 1960
Last updated:  Jan 23, 2020

INVESTimate

$134,814

$124K - $146K

Price Est.

$921

811 - $1.0K

Rent Est.

$138,589  ( +2.8%)   1 YR EST. FORECAST

4969 Pittsville Rd PROPERTY INFO

FACTS
  • Built In 1960
  • Price/Sqft : $86.42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
4969 Pittsville Rd, Pittsville, VA 24139 is a single family home of 1,560 sqft. HomeUnion estimate for 4969 Pittsville Rd includes a Price Estimate of $134,814 and a Rent Estimate of $921. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1960. This property has an estimated 15 year annualized Yield of 8.20% and Total Return of 18.87%. The estimated 1 year forecast in home value for 4969 Pittsville Rd is 2.8%.
  
  
  

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4969 Pittsville Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GRETNA ELEMENTARY SCHOOL Primary Regular 562 38 5
GRETNA MIDDLE SCHOOL Middle Regular 423 38 4
GRETNA SR. HIGH SCHOOL High Regular 610 44 4

GRETNA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 562
  • # of teachers: 38
5
GreatSchools Rating

GRETNA MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 423
  • # of teachers: 38
4
GreatSchools Rating

GRETNA SR. HIGH SCHOOL

  • Education Level: High
  • # of students: 610
  • # of teachers: 44
4
GreatSchools Rating
 

Financial Details

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Neighborhood

PITTSVILLE

  • 572

    POPULATION
  • 257

    HOUSEHOLDS
  • 50.4%

    WHITE COLLAR

Neighborhood : PITTSVILLE

HOUSEHOLDS
257
POPULATION

572

15.1%Renters
84.9%Home Owners
LABOR FORCE

 

50.4%White Collar
49.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $921 per month.

MY RENT : $921 MEDIAN RENT : $856

Rent % Distribution LEVEL
$500-699 0.2%
$700-899 63.0%
$900-999 10.8%
$1,000-1,499 23.0%
>=$1,500 2.9%
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 $921 would therefore be considered affordable for annual household incomes greater than $36,840 (12 months x 3.333 x $921).

Rent % Affordability
Above $500 76.2%
Above $700 70.4%
Above $1,100 47.7%
Above $1,500 37.1%
Above $1,900 25.7%
HOUSEHOLD INCOME RANGE

Approximately 117 of households in this neighborhood have a total annual income of $36,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $921 per month.

MINIMUM INCOME RANGE : $36,840

Income % Distribution
<$20K 23.8%
$20K-$35K 16.8%
$35K-$60K 22.3%
$60K-$100K 22.7%
>=$100K 14.5%
COMMUTE TIME DISTRIBUTION

43% 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 2.1%
5-9 mins 8.5%
10-14 mins 12.0%
15-19 mins 7.7%
20-29 mins 20.9%
30-44 mins 14.5%
45-59 mins 24.4%
>60 mins 9.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $921 per month.

MY RENT : $921 MEDIAN RENT : $856

Rent % Distribution
$500-699 0.2%
$700-899 63.0%
$900-999 10.8%
$1,000-1,499 23.0%
>=$1,500 2.9%
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 $921 would therefore be considered affordable for annual household incomes greater than $36,840 (12 months x 3.333 x $921).

Rent % Affordability
Above $500 76.2%
Above $700 70.4%
Above $1,100 47.7%
Above $1,500 37.1%
Above $1,900 25.7%
HOUSEHOLD INCOME RANGE

Approximately 117 of households in this neighborhood have a total annual income of $36,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $921 per month.

MINIMUM INCOME RANGE : $36,840

Income % Distribution
<$20K 23.8%
$20K-$35K 16.8%
$35K-$60K 22.3%
$60K-$100K 22.7%
>=$100K 14.5%
COMMUTE TIME DISTRIBUTION

43% 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 2.1%
5-9 mins 8.5%
10-14 mins 12.0%
15-19 mins 7.7%
20-29 mins 20.9%
30-44 mins 14.5%
45-59 mins 24.4%
>60 mins 9.8%

PITTSVILLE Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 7.5%
Construction 9.2%
Health Care & Social Assistance 12.1%
Manufacturing 24.2%
Public Administration 6.7%
Retail & Wholesale Trader 10.8%
Other 29.6%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 28% is 24 or younger and 26% is 65 or older.

Age % Distribution
<15 15.7%
15-19 3.8%
20-24 8.0%
25-44 18.2%
45-65 28.3%
66+ 25.9%
OCCUPATION

Occupation % Distribution
Clean 3.8%
Healthcare 7.5%
Management, Business, & Financial 21.9%
Natural Resources Maintenance 15.0%
Production & Transportation 26.2%
Sales & Office 16.9%
Other 8.8%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.9%
High School 33.6%
Masters Degree 4.3%
Some College 23.5%
Some High School 20.8%
Other 11.9%

4969 Pittsville Rd Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in VA , PITTSYLVANIA County , or the 24139 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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