INVESTimate
$1,068,056
Financial Details1033 Amarillo Ave PROPERTY INFO
FACTS
- Built In 1947
- Price/Sqft : $4,593.32
CONSTRUCTION
- Beds : 7
- Floor Size : 868 sqft
- Baths : 4 Full
PROPERTY DESCRIPTION
1033 Amarillo Ave, Palo Alto, CA 94303 is a single family home of 868 sqft. HomeUnion estimate for 1033 Amarillo Ave includes a Price Estimate of $3,987,002 and a Rent Estimate of $3,811. This single family home has 7 bedrooms, 4 bathrooms, and was built in 1947. This property has an estimated 15 year annualized Yield of 1.15% and Total Return of 25.34%. The estimated 1 year forecast in home value for 1033 Amarillo Ave is 14.44%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1033 Amarillo Ave SCHOOLS
Financial Details
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Midtown Palo Alto
Neighborhood : Midtown Palo Alto
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,811 per month.
MY RENT : $3,811 MEDIAN RENT : $5,803
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 $3,811 would therefore be considered affordable for annual household incomes greater than $152,440 (12 months x 3.333 x $3,811).
HOUSEHOLD INCOME RANGE
Approximately 988 of households in this neighborhood have a total annual income of $152,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,811 per month.
MINIMUM INCOME RANGE : $152,440
COMMUTE TIME DISTRIBUTION
69% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.
Midtown Palo Alto Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Educational Services | 15.3% |
| Health Care & Social Assistance | 12.9% |
| Information | 7.7% |
| Manufacturing | 15.4% |
| Professional & Scientific Tech Services | 24.7% |
| Retail & Wholesale Trader | 6.9% |
| Other | 16.9% |
AGE DISTRIBUTION
56% of the population is between the ages of 25 and 64, 31% is 24 or younger and 13% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 22.0% |
| 15-19 | 5.2% |
| 20-24 | 3.6% |
| 25-44 | 27.2% |
| 45-65 | 29.1% |
| 66+ | 12.9% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 25.9% |
| Construction | 9.6% |
| Healthcare | 8.9% |
| Legal | 3.9% |
| Management, Business, & Financial | 34.6% |
| Sales & Office | 8.7% |
| Other | 8.4% |
HIGHEST EDUCATION LEVEL
58% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 4.6% |
| Doctorate | 15.2% |
| Masters Degree | 30.4% |
| Professional | 8.3% |
| Some College | 8.8% |
| Other | 32.8% |
1033 Amarillo Ave Comps
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