Financials
16224 Cordovan Ct Chino Hills, CA 91709
INVESTimate
$237,937
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16224 Cordovan Ct PROPERTY INFO
FACTS
- Built In 1992
- Price/Sqft : $307.04
CONSTRUCTION
- Beds : 3
- Floor Size : 2,783 sqft
- Baths : 3 Full
16224 Cordovan Ct SCHOOLS
Financial Details
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Chino Hills
Neighborhood : Chino Hills
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 99% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,044 per month.
MY RENT : $3,044 MEDIAN RENT : $2,625
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 $3,044 would therefore be considered affordable for annual household incomes greater than $121,760 (12 months x 3.333 x $3,044).
HOUSEHOLD INCOME RANGE
Approximately 5,733 of households in this neighborhood have a total annual income of $121,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,044 per month.
MINIMUM INCOME RANGE : $121,760
COMMUTE TIME DISTRIBUTION
52% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 34% has a commute time of 45 minutes or longer.
Chino Hills Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Educational Services | 9.0% |
| Financial Industries | 6.5% |
| Health Care & Social Assistance | 14.3% |
| Manufacturing | 10.7% |
| Professional & Scientific Tech Services | 8.0% |
| Retail & Wholesale Trader | 18.0% |
| Other | 33.6% |
AGE DISTRIBUTION
56% of the population is between the ages of 25 and 64, 35% is 24 or younger and 9% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 19.8% |
| 15-19 | 7.4% |
| 20-24 | 8.0% |
| 25-44 | 25.8% |
| 45-65 | 30.5% |
| 66+ | 8.5% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 9.4% |
| Healthcare | 8.5% |
| Management, Business, & Financial | 27.2% |
| Natural Resources Maintenance | 6.3% |
| Production & Transportation | 6.9% |
| Sales & Office | 24.5% |
| Other | 17.1% |
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 | 8.8% |
| High School | 16.7% |
| Masters Degree | 10.2% |
| Some College | 23.8% |
| Some High School | 6.9% |
| Other | 33.6% |
16224 Cordovan Ct Comps
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16224 Cordovan Ct, Chino Hills, CA 91709 is a single family home of 2,783 sqft. HomeUnion INVESTimate® for 16224 Cordovan Ct includes a Price Estimate of $854,479 and a Rent Estimate of $3,044. This single family home has 3 bedrooms,3 bathrooms, and was built in 1992. This property has an estimated 15 year annualized Yield of 4.27% and Total Return of 15.52%. The estimated 1 year forecast in home value for 16224 Cordovan Ct is 7.69%.
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 91709 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
