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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

12420 Mount Vernon Ave 5d Grand Terrace, CA 92313

3 Beds 2 Baths 1,152 sqft Built 1982
Last updated:  Jan 23, 2020

INVESTimate

$240,366

$233K - $248K

Price Est.

$1,820

$1.7K - $2.0K

Rent Est.

$258,177  ( +7.41%)   1 YR EST. FORECAST
  
  
  

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12420 Mount Vernon Ave 5d PROPERTY INFO

FACTS
  • Built In 1982
  • Price/Sqft : $208.65
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,152 sqft
  • Baths : 2 Full

12420 Mount Vernon Ave 5d SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GRAND TERRACE ELEMENTARY SCHOOL Primary Regular 695 31 5
TERRACE HILLS MIDDLE SCHOOL Middle Regular 913 36 6
GRAND TERRACE HIGH SCHOOL High Unknown NA

GRAND TERRACE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 31
5
GreatSchools Rating

TERRACE HILLS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 913
  • # of teachers: 36
6
GreatSchools Rating

GRAND TERRACE HIGH SCHOOL

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

Financial Details

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Neighborhood

Grand Terrace

  • 12,234

    POPULATION
  • 4,326

    HOUSEHOLDS
  • 70.2%

    WHITE COLLAR

Neighborhood : Grand Terrace

HOUSEHOLDS
4,326
POPULATION

12,234

37.1%Renters
62.9%Home Owners
LABOR FORCE

 

70.2%White Collar
29.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 96% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,820 per month.

MY RENT : $1,820 MEDIAN RENT : $2,000

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 3.7%
>=$1,500 96.3%
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 $1,820 would therefore be considered affordable for annual household incomes greater than $72,800 (12 months x 3.333 x $1,820).

Rent % Affordability
Above $500 89.6%
Above $700 83.7%
Above $1,100 67.6%
Above $1,500 53.1%
Above $1,900 39.0%
HOUSEHOLD INCOME RANGE

Approximately 1,432 of households in this neighborhood have a total annual income of $72,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,820 per month.

MINIMUM INCOME RANGE : $72,800

Income % Distribution
<$20K 10.4%
$20K-$35K 11.3%
$35K-$60K 25.2%
$60K-$100K 27.4%
>=$100K 25.6%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.2%
5-9 mins 11.3%
10-14 mins 16.1%
15-19 mins 15.5%
20-29 mins 27.7%
30-44 mins 14.2%
45-59 mins 5.6%
>60 mins 8.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 96% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,820 per month.

MY RENT : $1,820 MEDIAN RENT : $2,000

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 3.7%
>=$1,500 96.3%
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 $1,820 would therefore be considered affordable for annual household incomes greater than $72,800 (12 months x 3.333 x $1,820).

Rent % Affordability
Above $500 89.6%
Above $700 83.7%
Above $1,100 67.6%
Above $1,500 53.1%
Above $1,900 39.0%
HOUSEHOLD INCOME RANGE

Approximately 1,432 of households in this neighborhood have a total annual income of $72,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,820 per month.

MINIMUM INCOME RANGE : $72,800

Income % Distribution
<$20K 10.4%
$20K-$35K 11.3%
$35K-$60K 25.2%
$60K-$100K 27.4%
>=$100K 25.6%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.2%
5-9 mins 11.3%
10-14 mins 16.1%
15-19 mins 15.5%
20-29 mins 27.7%
30-44 mins 14.2%
45-59 mins 5.6%
>60 mins 8.4%

Grand Terrace Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.0%
Construction 8.4%
Educational Services 13.8%
Health Care & Social Assistance 18.9%
Public Administration 7.2%
Retail & Wholesale Trader 19.7%
Other 25.9%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 32% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 18.3%
15-19 5.7%
20-24 8.0%
25-44 27.8%
45-65 25.7%
66+ 14.4%
OCCUPATION

Occupation % Distribution
Construction 7.6%
Healthcare 12.9%
Management, Business, & Financial 12.4%
Natural Resources Maintenance 11.3%
Production & Transportation 9.7%
Sales & Office 29.0%
Other 17.0%
HIGHEST EDUCATION LEVEL

23% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.4%
High School 26.1%
Masters Degree 11.8%
Some College 25.4%
Some High School 10.2%
Other 17.1%

12420 Mount Vernon Ave 5d Comps

Sorry, we do not have sufficient data available.

12420 Mount Vernon Ave 5d, Grand Terrace, CA 92313 is a single family home of 1,152 sqft. HomeUnion INVESTimateĀ® for 12420 Mount Vernon Ave 5d includes a Price Estimate of $240,366 and a Rent Estimate of $1,820. This single family home has 3 bedrooms,2 bathrooms, and was built in 1982. This property has an estimated 15 year annualized Yield of 9.09% and Total Return of 29.45%. The estimated 1 year forecast in home value for 12420 Mount Vernon Ave 5d is 7.41%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , SAN BERNARDINO County , or the 92313 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

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