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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

1017 Iris St Wasco, CA 93280

3 Beds 2 Baths 1,095 sqft Built 1978
Last updated:  May 30, 2018

INVESTimate

$160,532

$144K - $177K

Price Est.

$1,236

$1.1K - $1.3K

Rent Est.

$169,056  ( +5.31%)   1 YR EST. FORECAST
  
  
  

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1017 Iris St PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $146.60
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,095 sqft
  • Baths : 2 Full

1017 Iris St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
JOHN L. PRUEITT ELEMENTARY SCHOOL Primary Regular 594 21 3
JOHN L. PRUEITT ELEMENTARY SCHOOL Middle Regular 594 21 3
WASCO HIGH SCHOOL High Regular 1,644 66 6

JOHN L. PRUEITT ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 21
3
GreatSchools Rating

JOHN L. PRUEITT ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 594
  • # of teachers: 21
3
GreatSchools Rating

WASCO HIGH SCHOOL

  • Education Level: High
  • # of students: 1,644
  • # of teachers: 66
6
GreatSchools Rating
 

Financial Details

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Neighborhood

WASCO

  • 27,500

    POPULATION
  • 5,866

    HOUSEHOLDS
  • 30.2%

    WHITE COLLAR

Neighborhood : WASCO

HOUSEHOLDS
5,866
POPULATION

27,500

46.1%Renters
53.9%Home Owners
LABOR FORCE

 

30.2%White Collar
69.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 47% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,236 per month.

MY RENT : $1,236 MEDIAN RENT : $1,230

Rent % Distribution LEVEL
$500-699 1.4%
$700-899 10.0%
$900-999 6.2%
$1,000-1,499 74.2%
>=$1,500 8.3%
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 $1,236 would therefore be considered affordable for annual household incomes greater than $49,440 (12 months x 3.333 x $1,236).

Rent % Affordability
Above $500 76.8%
Above $700 63.7%
Above $1,100 42.0%
Above $1,500 28.3%
Above $1,900 16.6%
HOUSEHOLD INCOME RANGE

Approximately 1,911 of households in this neighborhood have a total annual income of $49,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,236 per month.

MINIMUM INCOME RANGE : $49,440

Income % Distribution
<$20K 23.2%
$20K-$35K 23.9%
$35K-$60K 24.6%
$60K-$100K 20.0%
>=$100K 8.3%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 7.5%
10-14 mins 11.9%
15-19 mins 14.8%
20-29 mins 26.7%
30-44 mins 23.2%
45-59 mins 7.5%
>60 mins 5.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 47% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,236 per month.

MY RENT : $1,236 MEDIAN RENT : $1,230

Rent % Distribution
$500-699 1.4%
$700-899 10.0%
$900-999 6.2%
$1,000-1,499 74.2%
>=$1,500 8.3%
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 $1,236 would therefore be considered affordable for annual household incomes greater than $49,440 (12 months x 3.333 x $1,236).

Rent % Affordability
Above $500 76.8%
Above $700 63.7%
Above $1,100 42.0%
Above $1,500 28.3%
Above $1,900 16.6%
HOUSEHOLD INCOME RANGE

Approximately 1,911 of households in this neighborhood have a total annual income of $49,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,236 per month.

MINIMUM INCOME RANGE : $49,440

Income % Distribution
<$20K 23.2%
$20K-$35K 23.9%
$35K-$60K 24.6%
$60K-$100K 20.0%
>=$100K 8.3%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.2%
5-9 mins 7.5%
10-14 mins 11.9%
15-19 mins 14.8%
20-29 mins 26.7%
30-44 mins 23.2%
45-59 mins 7.5%
>60 mins 5.2%

WASCO Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 37.5%
Arts & Entertainment 7.5%
Educational Services 6.3%
Manufacturing 6.3%
Retail & Wholesale Trader 13.2%
Transportation 7.4%
Other 21.7%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 42% is 24 or younger and 6% is 65 or older.

Age % Distribution
<15 22.8%
15-19 7.3%
20-24 11.8%
25-44 33.3%
45-65 18.9%
66+ 5.8%
OCCUPATION

Occupation % Distribution
Clean 3.5%
Healthcare 3.9%
Management, Business, & Financial 6.5%
Natural Resources Maintenance 34.6%
Production & Transportation 20.3%
Sales & Office 16.5%
Other 14.6%
HIGHEST EDUCATION LEVEL

6% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.8%
High School 29.4%
Masters Degree 1.0%
Some College 15.7%
Some High School 46.1%
Other 3.0%

1017 Iris St Comps

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1017 Iris St, Wasco, CA 93280 is a single family home of 1,095 sqft. HomeUnion INVESTimate® for 1017 Iris St includes a Price Estimate of $160,532 and a Rent Estimate of $1,236. This single family home has 3 bedrooms,2 bathrooms, and was built in 1978. This property has an estimated 15 year annualized Yield of 9.24% and Total Return of 21.80%. The estimated 1 year forecast in home value for 1017 Iris St is 5.31%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA, KERN County, or the 93280 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2