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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.

3438 Cold Springs Rd Greenville, VA 24440

3 Beds 2 Baths 1,501 sqft Built 1965
Last updated:  Jul 30, 2018

INVESTimate

$181,602

$173K - $190K

Price Est.

$1,114

$1.1K - $1.1K

Rent Est.

$181,602  ( 0%)   1 YR EST. FORECAST

3438 Cold Springs Rd PROPERTY INFO

FACTS
  • Built In 1965
  • Price/Sqft : $120.99
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,501 sqft
  • Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
3438 Cold Springs Rd, Greenville, VA 24440 is a single family home of 1,501 sqft. HomeUnion estimate for 3438 Cold Springs Rd includes a Price Estimate of $181,602 and a Rent Estimate of $1,114. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 7.36% and Total Return of 13.40%. The estimated 1 year forecast in home value for 3438 Cold Springs Rd is 0%.
  
  
  

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3438 Cold Springs Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
RIVERHEADS ELEMENTARY SCHOOL Primary Regular 525 35 3
BEVERLEY MANOR MIDDLE SCHOOL Middle Regular 731 52 3
RIVERHEADS HIGH SCHOOL High Regular 500 36 8

RIVERHEADS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 525
  • # of teachers: 35
3
GreatSchools Rating

BEVERLEY MANOR MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 731
  • # of teachers: 52
3
GreatSchools Rating

RIVERHEADS HIGH SCHOOL

  • Education Level: High
  • # of students: 500
  • # of teachers: 36
8
GreatSchools Rating
 

Financial Details

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Neighborhood

GREENVILLE

  • 2,771

    POPULATION
  • 1,013

    HOUSEHOLDS
  • 43.1%

    WHITE COLLAR

Neighborhood : GREENVILLE

HOUSEHOLDS
1,013
POPULATION

2,771

19.3%Renters
80.7%Home Owners
LABOR FORCE

 

43.1%White Collar
56.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,092 per month.

MY RENT : $1,092 MEDIAN RENT : $1,283

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 12.5%
$1,000-1,499 64.3%
>=$1,500 23.2%
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 $1,092 would therefore be considered affordable for annual household incomes greater than $43,680 (12 months x 3.333 x $1,092).

Rent % Affordability
Above $500 74.3%
Above $700 71.0%
Above $1,100 54.8%
Above $1,500 42.6%
Above $1,900 23.8%
HOUSEHOLD INCOME RANGE

Approximately 491 of households in this neighborhood have a total annual income of $43,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,092 per month.

MINIMUM INCOME RANGE : $43,680

Income % Distribution
<$20K 25.7%
$20K-$35K 10.4%
$35K-$60K 21.3%
$60K-$100K 26.6%
>=$100K 16.1%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.4%
5-9 mins 10.5%
10-14 mins 13.5%
15-19 mins 18.0%
20-29 mins 31.6%
30-44 mins 11.8%
45-59 mins 4.4%
>60 mins 6.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,092 per month.

MY RENT : $1,092 MEDIAN RENT : $1,283

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 12.5%
$1,000-1,499 64.3%
>=$1,500 23.2%
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 $1,092 would therefore be considered affordable for annual household incomes greater than $43,680 (12 months x 3.333 x $1,092).

Rent % Affordability
Above $500 74.3%
Above $700 71.0%
Above $1,100 54.8%
Above $1,500 42.6%
Above $1,900 23.8%
HOUSEHOLD INCOME RANGE

Approximately 491 of households in this neighborhood have a total annual income of $43,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,092 per month.

MINIMUM INCOME RANGE : $43,680

Income % Distribution
<$20K 25.7%
$20K-$35K 10.4%
$35K-$60K 21.3%
$60K-$100K 26.6%
>=$100K 16.1%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.4%
5-9 mins 10.5%
10-14 mins 13.5%
15-19 mins 18.0%
20-29 mins 31.6%
30-44 mins 11.8%
45-59 mins 4.4%
>60 mins 6.8%

GREENVILLE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.0%
Educational Services 10.7%
Health Care & Social Assistance 10.2%
Manufacturing 17.3%
Public Administration 10.7%
Retail & Wholesale Trader 17.7%
Other 23.5%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 29% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 15.9%
15-19 4.3%
20-24 9.0%
25-44 22.2%
45-65 32.9%
66+ 15.7%
OCCUPATION

Occupation % Distribution
Healthcare 9.6%
Management, Business, & Financial 8.9%
Natural Resources Maintenance 13.6%
Production & Transportation 23.9%
Protect 9.0%
Sales & Office 16.9%
Other 18.0%
HIGHEST EDUCATION LEVEL

9% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.5%
High School 46.6%
Masters Degree 2.4%
Some College 23.2%
Some High School 13.9%
Other 9.4%

3438 Cold Springs Rd Comps

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