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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

14758 Lakemont Rd Elizabeth Lake, CA 93532

3 Beds 2 Baths 1,508 sqft Built 1988
Last updated:  Jan 23, 2020

INVESTimate

$400,491

$375K - $426K

Price Est.

$1,962

$1.7K - $2.2K

Rent Est.

$450,913  ( +12.59%)   1 YR EST. FORECAST
  
  
  

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14758 Lakemont Rd PROPERTY INFO

FACTS
  • Built In 1988
  • Price/Sqft : $265.58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,508 sqft
  • Baths : 2 Full

14758 Lakemont Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
QUARTZ HILL HIGH SCHOOL High Regular 3,146 121 7

QUARTZ HILL HIGH SCHOOL

  • Education Level: High
  • # of students: 3,146
  • # of teachers: 121
7
GreatSchools Rating
 

Financial Details

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Neighborhood

LAKE HUGHES

  • 2,795

    POPULATION
  • 1,052

    HOUSEHOLDS
  • 49.4%

    WHITE COLLAR

Neighborhood : LAKE HUGHES

HOUSEHOLDS
1,052
POPULATION

2,795

23.6%Renters
76.4%Home Owners
LABOR FORCE

 

49.4%White Collar
50.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,962 per month.

MY RENT : $1,962 MEDIAN RENT : $1,904

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 11.7%
>=$1,500 88.3%
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 $1,962 would therefore be considered affordable for annual household incomes greater than $78,480 (12 months x 3.333 x $1,962).

Rent % Affordability
Above $500 80.7%
Above $700 76.3%
Above $1,100 59.6%
Above $1,500 47.4%
Above $1,900 37.0%
HOUSEHOLD INCOME RANGE

Approximately 329 of households in this neighborhood have a total annual income of $78,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,962 per month.

MINIMUM INCOME RANGE : $78,480

Income % Distribution
<$20K 19.3%
$20K-$35K 11.2%
$35K-$60K 22.1%
$60K-$100K 20.6%
>=$100K 26.8%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 11% has a commute time of 14 minutes or less and 37% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 4.3%
10-14 mins 6.2%
15-19 mins 5.2%
20-29 mins 10.9%
30-44 mins 35.7%
45-59 mins 10.7%
>60 mins 26.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,962 per month.

MY RENT : $1,962 MEDIAN RENT : $1,904

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 11.7%
>=$1,500 88.3%
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 $1,962 would therefore be considered affordable for annual household incomes greater than $78,480 (12 months x 3.333 x $1,962).

Rent % Affordability
Above $500 80.7%
Above $700 76.3%
Above $1,100 59.6%
Above $1,500 47.4%
Above $1,900 37.0%
HOUSEHOLD INCOME RANGE

Approximately 329 of households in this neighborhood have a total annual income of $78,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,962 per month.

MINIMUM INCOME RANGE : $78,480

Income % Distribution
<$20K 19.3%
$20K-$35K 11.2%
$35K-$60K 22.1%
$60K-$100K 20.6%
>=$100K 26.8%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 11% has a commute time of 14 minutes or less and 37% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 4.3%
10-14 mins 6.2%
15-19 mins 5.2%
20-29 mins 10.9%
30-44 mins 35.7%
45-59 mins 10.7%
>60 mins 26.0%

LAKE HUGHES Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.1%
Construction 10.5%
Health Care & Social Assistance 8.0%
Manufacturing 15.6%
Professional & Scientific Tech Services 9.4%
Retail & Wholesale Trader 9.9%
Other 37.5%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 29% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 15.2%
15-19 9.9%
20-24 3.5%
25-44 19.7%
45-65 35.7%
66+ 15.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.2%
Management, Business, & Financial 12.8%
Natural Resources Maintenance 17.2%
PCare 8.2%
Production & Transportation 9.7%
Sales & Office 27.4%
Other 18.5%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.8%
High School 36.0%
Masters Degree 4.9%
Some College 30.2%
Some High School 9.1%
Other 11.0%

14758 Lakemont Rd Comps

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14758 Lakemont Rd, Elizabeth Lake, CA 93532 is a single family home of 1,508 sqft. HomeUnion INVESTimateĀ® for 14758 Lakemont Rd includes a Price Estimate of $400,491 and a Rent Estimate of $1,962. This single family home has 3 bedrooms,2 bathrooms, and was built in 1988. This property has an estimated 15 year annualized Yield of 5.88% and Total Return of 34.39%. The estimated 1 year forecast in home value for 14758 Lakemont Rd is 12.59%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , LOS ANGELES County , or the 93532 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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