Financial Details1073 Cardinal Way PROPERTY INFO
FACTS
- Built In 1954
- Price/Sqft : $1,274.46
CONSTRUCTION
- Beds : 4
- Floor Size : 2,513 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
1073 Cardinal Way, Palo Alto, CA 94303 is a single family home of 2,513 sqft. HomeUnion estimate for 1073 Cardinal Way includes a Price Estimate of $3,202,711 and a Rent Estimate of $6,585. This single family home has 4 bedrooms, 2 bathrooms, and was built in 1954. This property has an estimated 15 year annualized Yield of 2.47% and Total Return of 29.87%. The estimated 1 year forecast in home value for 1073 Cardinal Way is 14.44%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1073 Cardinal Way SCHOOLS
Financial Details
See Financial Details
To review the detailed projections for this property, sign up for a FREE account
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 $6,585 per month.
MY RENT : $6,585 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 $6,585 would therefore be considered affordable for annual household incomes greater than $263,400 (12 months x 3.333 x $6,585).
HOUSEHOLD INCOME RANGE
Approximately -136 of households in this neighborhood have a total annual income of $263,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $6,585 per month.
MINIMUM INCOME RANGE : $263,400
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% |
1073 Cardinal Way Comps
Sorry, we do not have sufficient data available.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , SANTA CLARA County , or the 94303 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
