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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

13120 Pomo Ln Mendocino, CA 95460

3 Beds 3 Baths 2,872 sqft Built 1985
Last updated:  Jan 23, 2020

INVESTimate

$656,964

$629K - $685K

Price Est.

$2,967

$2.5K - $3.5K

Rent Est.

$711,032  ( +8.23%)   1 YR EST. FORECAST
  
  
  

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13120 Pomo Ln PROPERTY INFO

FACTS
  • Built In 1985
  • Price/Sqft : $228.75
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,872 sqft
  • Baths : 3 Full

13120 Pomo Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MENDOCINO HIGH SCHOOL High Magnet 168 14 9

MENDOCINO HIGH SCHOOL

  • Education Level: High
  • # of students: 168
  • # of teachers: 14
9
GreatSchools Rating
 

Financial Details

See Financial Details

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Neighborhood

MENDOCINO

  • 2,248

    POPULATION
  • 1,234

    HOUSEHOLDS
  • 58.9%

    WHITE COLLAR

Neighborhood : MENDOCINO

HOUSEHOLDS
1,234
POPULATION

2,248

34.5%Renters
65.5%Home Owners
LABOR FORCE

 

58.9%White Collar
41.1%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 $2,967 per month.

MY RENT : $2,967 MEDIAN RENT : $1,910

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 3.6%
>=$1,500 96.4%
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 $2,967 would therefore be considered affordable for annual household incomes greater than $118,680 (12 months x 3.333 x $2,967).

Rent % Affordability
Above $500 67.9%
Above $700 62.6%
Above $1,100 56.8%
Above $1,500 41.2%
Above $1,900 30.5%
HOUSEHOLD INCOME RANGE

Approximately 147 of households in this neighborhood have a total annual income of $118,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,967 per month.

MINIMUM INCOME RANGE : $118,680

Income % Distribution
<$20K 32.1%
$20K-$35K 8.8%
$35K-$60K 18.0%
$60K-$100K 18.5%
>=$100K 22.6%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 60% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.3%
5-9 mins 31.7%
10-14 mins 21.4%
15-19 mins 28.1%
20-29 mins 4.8%
30-44 mins 3.0%
45-59 mins 2.0%
>60 mins 1.7%
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 $2,967 per month.

MY RENT : $2,967 MEDIAN RENT : $1,910

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 3.6%
>=$1,500 96.4%
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 $2,967 would therefore be considered affordable for annual household incomes greater than $118,680 (12 months x 3.333 x $2,967).

Rent % Affordability
Above $500 67.9%
Above $700 62.6%
Above $1,100 56.8%
Above $1,500 41.2%
Above $1,900 30.5%
HOUSEHOLD INCOME RANGE

Approximately 147 of households in this neighborhood have a total annual income of $118,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,967 per month.

MINIMUM INCOME RANGE : $118,680

Income % Distribution
<$20K 32.1%
$20K-$35K 8.8%
$35K-$60K 18.0%
$60K-$100K 18.5%
>=$100K 22.6%
COMMUTE TIME DISTRIBUTION

36% of the working population has a commute time of 15 to 44 minutes, 60% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.3%
5-9 mins 31.7%
10-14 mins 21.4%
15-19 mins 28.1%
20-29 mins 4.8%
30-44 mins 3.0%
45-59 mins 2.0%
>60 mins 1.7%

MENDOCINO Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.1%
Arts & Entertainment 16.8%
Educational Services 10.4%
Health Care & Social Assistance 8.1%
Professional & Scientific Tech Services 12.5%
Retail & Wholesale Trader 14.9%
Other 30.1%
AGE DISTRIBUTION

38% of the population is between the ages of 25 and 64, 16% is 24 or younger and 45% is 65 or older.

Age % Distribution
<15 9.5%
15-19 3.1%
20-24 3.6%
25-44 16.9%
45-65 21.6%
66+ 45.3%
OCCUPATION

Occupation % Distribution
Adesm 8.5%
Healthcare 10.5%
Legal 7.8%
Management, Business, & Financial 14.4%
Production & Transportation 14.8%
Sales & Office 12.5%
Other 31.4%
HIGHEST EDUCATION LEVEL

32% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.9%
High School 13.2%
Masters Degree 14.3%
Professional 5.8%
Some College 13.9%
Other 40.9%

13120 Pomo Ln Comps

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13120 Pomo Ln, Mendocino, CA 95460 is a single family home of 2,872 sqft. HomeUnion INVESTimateĀ® for 13120 Pomo Ln includes a Price Estimate of $656,964 and a Rent Estimate of $2,967. This single family home has 3 bedrooms,3 bathrooms, and was built in 1985. This property has an estimated 15 year annualized Yield of 5.42% and Total Return of 20.93%. The estimated 1 year forecast in home value for 13120 Pomo Ln is 8.23%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , MENDOCINO County , or the 95460 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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