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This page contains information about each property aggregated from public data sources, 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.

1322 Cormorant Dr Merced, CA 95340

3 Beds 2 Baths 1,941 sqft Built 2002
Last updated:  Jan 23, 2020

INVESTimate

$362,400

$347K - $377K

Price Est.

$1,572

$1.5K - $1.7K

Rent Est.

$394,327  ( +8.81%)   1 YR EST. FORECAST

1322 Cormorant Dr PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $186.71
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,941 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
1322 Cormorant Dr, Merced, CA 95340 is a single family home of 1,941 sqft. HomeUnion estimate for 1322 Cormorant Dr includes a Price Estimate of $362,400 and a Rent Estimate of $1,572. This single family home has 3 bedrooms, 2 bathrooms, and was built in 2002. This property has an estimated 15 year annualized Yield of 5.21% and Total Return of 22.23%. The estimated 1 year forecast in home value for 1322 Cormorant Dr is 8.81%.
  
  
  

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1322 Cormorant Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ALLAN PETERSON ELEMENTARY SCHOOL Primary Regular 760 30 7
CRUICKSHANK MIDDLE SCHOOL Middle Regular 891 32 5
EL CAPITAN HIGH SCHOOL High Unknown NA

ALLAN PETERSON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 760
  • # of teachers: 30
7
GreatSchools Rating

CRUICKSHANK MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 891
  • # of teachers: 32
5
GreatSchools Rating

EL CAPITAN HIGH SCHOOL

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

Financial Details

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Neighborhood

MERCED

  • 34,460

    POPULATION
  • 11,632

    HOUSEHOLDS
  • 61.7%

    WHITE COLLAR

Neighborhood : MERCED

HOUSEHOLDS
11,632
POPULATION

34,460

49.4%Renters
50.6%Home Owners
LABOR FORCE

 

61.7%White Collar
38.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 33% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,572 per month.

MY RENT : $1,572 MEDIAN RENT : $1,384

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 5.3%
$900-999 4.3%
$1,000-1,499 57.9%
>=$1,500 32.5%
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 $1,572 would therefore be considered affordable for annual household incomes greater than $62,880 (12 months x 3.333 x $1,572).

Rent % Affordability
Above $500 77.5%
Above $700 68.6%
Above $1,100 54.6%
Above $1,500 42.9%
Above $1,900 31.2%
HOUSEHOLD INCOME RANGE

Approximately 3,384 of households in this neighborhood have a total annual income of $62,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,572 per month.

MINIMUM INCOME RANGE : $62,880

Income % Distribution
<$20K 22.5%
$20K-$35K 15.1%
$35K-$60K 19.5%
$60K-$100K 22.0%
>=$100K 20.9%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 46% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.6%
5-9 mins 17.4%
10-14 mins 23.4%
15-19 mins 19.4%
20-29 mins 12.3%
30-44 mins 10.0%
45-59 mins 4.0%
>60 mins 7.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 33% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,572 per month.

MY RENT : $1,572 MEDIAN RENT : $1,384

Rent % Distribution
$500-699 0.0%
$700-899 5.3%
$900-999 4.3%
$1,000-1,499 57.9%
>=$1,500 32.5%
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 $1,572 would therefore be considered affordable for annual household incomes greater than $62,880 (12 months x 3.333 x $1,572).

Rent % Affordability
Above $500 77.5%
Above $700 68.6%
Above $1,100 54.6%
Above $1,500 42.9%
Above $1,900 31.2%
HOUSEHOLD INCOME RANGE

Approximately 3,384 of households in this neighborhood have a total annual income of $62,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,572 per month.

MINIMUM INCOME RANGE : $62,880

Income % Distribution
<$20K 22.5%
$20K-$35K 15.1%
$35K-$60K 19.5%
$60K-$100K 22.0%
>=$100K 20.9%
COMMUTE TIME DISTRIBUTION

42% of the working population has a commute time of 15 to 44 minutes, 46% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.6%
5-9 mins 17.4%
10-14 mins 23.4%
15-19 mins 19.4%
20-29 mins 12.3%
30-44 mins 10.0%
45-59 mins 4.0%
>60 mins 7.8%

MERCED Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.0%
Construction 5.8%
Educational Services 19.1%
Health Care & Social Assistance 12.6%
Manufacturing 7.1%
Retail & Wholesale Trader 15.5%
Other 31.8%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 40% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 21.0%
15-19 10.5%
20-24 8.3%
25-44 24.7%
45-65 23.3%
66+ 12.2%
OCCUPATION

Occupation % Distribution
Construction 10.4%
Healthcare 5.7%
Management, Business, & Financial 11.8%
Natural Resources Maintenance 10.9%
Production & Transportation 12.8%
Sales & Office 24.3%
Other 24.0%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.6%
High School 23.5%
Masters Degree 6.6%
Some College 26.9%
Some High School 15.1%
Other 17.3%

1322 Cormorant Dr Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , MERCED County , or the 95340 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 95348