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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

10521 Cherry Ave Cherry Valley, CA 92223

3 Beds 2 Baths 1,200 sqft Built 1960
Last updated:  Dec 26, 2019

INVESTimate

$336,223

$327K - $346K

Price Est.

$1,660

$1.6K - $1.7K

Rent Est.

$361,070  ( +7.39%)   1 YR EST. FORECAST
  
  
  

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10521 Cherry Ave PROPERTY INFO

FACTS
  • Built In 1960
  • Price/Sqft : $280.19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 2 Full

10521 Cherry Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
STARLIGHT ELEMENTARY SCHOOL Primary Unknown NA
SAN GORGONIO MIDDLE SCHOOL Middle Regular 1,057 38 5
BEAUMONT SENIOR HIGH SCHOOL High Regular 2,431 84 6

STARLIGHT ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

SAN GORGONIO MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,057
  • # of teachers: 38
5
GreatSchools Rating

BEAUMONT SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 2,431
  • # of teachers: 84
6
GreatSchools Rating
 

Financial Details

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Neighborhood

El Monte

  • 46

    POPULATION
  • 20

    HOUSEHOLDS
  • 57.4%

    WHITE COLLAR

Neighborhood : El Monte

HOUSEHOLDS
20
POPULATION

46

40.9%Renters
59.1%Home Owners
LABOR FORCE

 

57.4%White Collar
42.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 52% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,660 per month.

MY RENT : $1,660 MEDIAN RENT : $1,544

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 47.8%
>=$1,500 52.2%
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 $1,660 would therefore be considered affordable for annual household incomes greater than $66,400 (12 months x 3.333 x $1,660).

Rent % Affordability
Above $500 89.5%
Above $700 78.9%
Above $1,100 60.0%
Above $1,500 52.6%
Above $1,900 36.2%
HOUSEHOLD INCOME RANGE

Approximately 6 of households in this neighborhood have a total annual income of $66,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,660 per month.

MINIMUM INCOME RANGE : $66,400

Income % Distribution
<$20K 10.5%
$20K-$35K 15.8%
$35K-$60K 21.1%
$60K-$100K 31.6%
>=$100K 21.1%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 9.1%
10-14 mins 9.1%
15-19 mins 13.6%
20-29 mins 18.2%
30-44 mins 22.7%
45-59 mins 13.6%
>60 mins 9.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 52% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,660 per month.

MY RENT : $1,660 MEDIAN RENT : $1,544

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 47.8%
>=$1,500 52.2%
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 $1,660 would therefore be considered affordable for annual household incomes greater than $66,400 (12 months x 3.333 x $1,660).

Rent % Affordability
Above $500 89.5%
Above $700 78.9%
Above $1,100 60.0%
Above $1,500 52.6%
Above $1,900 36.2%
HOUSEHOLD INCOME RANGE

Approximately 6 of households in this neighborhood have a total annual income of $66,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,660 per month.

MINIMUM INCOME RANGE : $66,400

Income % Distribution
<$20K 10.5%
$20K-$35K 15.8%
$35K-$60K 21.1%
$60K-$100K 31.6%
>=$100K 21.1%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 9.1%
10-14 mins 9.1%
15-19 mins 13.6%
20-29 mins 18.2%
30-44 mins 22.7%
45-59 mins 13.6%
>60 mins 9.1%

El Monte Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.1%
Educational Services 9.1%
Health Care & Social Assistance 13.6%
Manufacturing 18.2%
Retail & Wholesale Trader 18.2%
Transportation 4.5%
Other 27.3%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 37% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 17.4%
15-19 10.9%
20-24 8.7%
25-44 26.1%
45-65 26.1%
66+ 10.9%
OCCUPATION

Occupation % Distribution
Healthcare 6.2%
Management, Business, & Financial 18.8%
Natural Resources Maintenance 6.2%
Production & Transportation 18.8%
Protect 6.2%
Sales & Office 37.5%
Other 6.2%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.6%
High School 31.4%
Masters Degree 5.7%
Some College 28.6%
Some High School 17.1%
Other 8.6%

10521 Cherry Ave Comps

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10521 Cherry Ave, Cherry Valley, CA 92223 is a single family home of 1,200 sqft. HomeUnion INVESTimateĀ® for 10521 Cherry Ave includes a Price Estimate of $336,223 and a Rent Estimate of $1,660. This single family home has 3 bedrooms,2 bathrooms, and was built in 1960. This property has an estimated 15 year annualized Yield of 5.92% and Total Return of 22.07%. The estimated 1 year forecast in home value for 10521 Cherry Ave is 7.39%.

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