INVESTimate
$53,435
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7009 Rivers St PROPERTY INFO
FACTS
- Built In 1976
- Price/Sqft : $47.52
CONSTRUCTION
- Beds : 5
- Floor Size : 3,330 sqft
- Baths : 3 Full
7009 Rivers St SCHOOLS
Financial Details
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LAKE CITY
Neighborhood : LAKE CITY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 6% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,703 per month.
MY RENT : $1,703 MEDIAN RENT : $859
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 $1,703 would therefore be considered affordable for annual household incomes greater than $68,120 (12 months x 3.333 x $1,703).
HOUSEHOLD INCOME RANGE
Approximately 687 of households in this neighborhood have a total annual income of $68,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,703 per month.
MINIMUM INCOME RANGE : $68,120
COMMUTE TIME DISTRIBUTION
47% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.
LAKE CITY Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 10.7% |
| Construction | 6.3% |
| Educational Services | 12.5% |
| Health Care & Social Assistance | 15.2% |
| Manufacturing | 13.6% |
| Retail & Wholesale Trader | 16.5% |
| Other | 25.2% |
AGE DISTRIBUTION
49% of the population is between the ages of 25 and 64, 33% is 24 or younger and 18% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 22.7% |
| 15-19 | 5.2% |
| 20-24 | 5.0% |
| 25-44 | 25.3% |
| 45-65 | 23.8% |
| 66+ | 17.9% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 10.0% |
| Healthcare | 10.6% |
| Management, Business, & Financial | 8.6% |
| Natural Resources Maintenance | 12.2% |
| Production & Transportation | 18.6% |
| Sales & Office | 22.2% |
| Other | 17.8% |
HIGHEST EDUCATION LEVEL
13% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 7.3% |
| High School | 32.4% |
| Masters Degree | 5.2% |
| Some College | 17.7% |
| Some High School | 26.1% |
| Other | 11.2% |
7009 Rivers St Comps
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7009 Rivers St, Lake City, SC 29560 is a single family home of 3,330 sqft. HomeUnion INVESTimateĀ® for 7009 Rivers St includes a Price Estimate of $158,247 and a Rent Estimate of $1,703. This single family home has 5 bedrooms,3 bathrooms, and was built in 1976. This property has an estimated 15 year annualized Yield of 12.91% and Total Return of 27.01%. The estimated 1 year forecast in home value for 7009 Rivers St is 4.28%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in SC , FLORENCE County , or the 29560 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
