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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

16242 Cordovan Ct Chino Hills, CA 91709

3 Beds 3 Baths 2,783 sqft Built 1992
Last updated:  Jul 30, 2018

INVESTimate

$939,449

$891K - $988K

Price Est.

$3,325

$3.1K - $3.5K

Rent Est.

$1,011,693  ( +7.69%)   1 YR EST. FORECAST
  
  
  

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16242 Cordovan Ct PROPERTY INFO

FACTS
  • Built In 1992
  • Price/Sqft : $337.57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,783 sqft
  • Baths : 3 Full

16242 Cordovan Ct SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MICHAEL G. WICKMAN ELEMENTARY SCHOOL Primary Regular 915 30 10
MICHAEL G. WICKMAN ELEMENTARY SCHOOL Middle Regular 915 30 10
CHINO HILLS HIGH SCHOOL High Regular 3,037 107 9

MICHAEL G. WICKMAN ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 30
10
GreatSchools Rating

MICHAEL G. WICKMAN ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 915
  • # of teachers: 30
10
GreatSchools Rating

CHINO HILLS HIGH SCHOOL

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 107
9
GreatSchools Rating
 

Financial Details

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Neighborhood

Chino Hills

  • 75,670

    POPULATION
  • 23,347

    HOUSEHOLDS
  • 76.4%

    WHITE COLLAR

Neighborhood : Chino Hills

HOUSEHOLDS
23,347
POPULATION

75,670

22.7%Renters
77.3%Home Owners
LABOR FORCE

 

76.4%White Collar
23.6%Blue Collar
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 $3,325 per month.

MY RENT : $3,325 MEDIAN RENT : $2,625

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.0%
>=$1,500 99.0%
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 $3,325 would therefore be considered affordable for annual household incomes greater than $133,000 (12 months x 3.333 x $3,325).

Rent % Affordability
Above $500 93.1%
Above $700 88.9%
Above $1,100 80.3%
Above $1,500 71.7%
Above $1,900 61.6%
HOUSEHOLD INCOME RANGE

Approximately 5,230 of households in this neighborhood have a total annual income of $133,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,325 per month.

MINIMUM INCOME RANGE : $133,000

Income % Distribution
<$20K 6.9%
$20K-$35K 7.7%
$35K-$60K 13.7%
$60K-$100K 23.9%
>=$100K 47.9%
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.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 5.2%
10-14 mins 8.4%
15-19 mins 7.2%
20-29 mins 16.3%
30-44 mins 28.1%
45-59 mins 13.0%
>60 mins 20.6%
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 $3,325 per month.

MY RENT : $3,325 MEDIAN RENT : $2,625

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 1.0%
>=$1,500 99.0%
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 $3,325 would therefore be considered affordable for annual household incomes greater than $133,000 (12 months x 3.333 x $3,325).

Rent % Affordability
Above $500 93.1%
Above $700 88.9%
Above $1,100 80.3%
Above $1,500 71.7%
Above $1,900 61.6%
HOUSEHOLD INCOME RANGE

Approximately 5,230 of households in this neighborhood have a total annual income of $133,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,325 per month.

MINIMUM INCOME RANGE : $133,000

Income % Distribution
<$20K 6.9%
$20K-$35K 7.7%
$35K-$60K 13.7%
$60K-$100K 23.9%
>=$100K 47.9%
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.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 5.2%
10-14 mins 8.4%
15-19 mins 7.2%
20-29 mins 16.3%
30-44 mins 28.1%
45-59 mins 13.0%
>60 mins 20.6%

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%

16242 Cordovan Ct Comps

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16242 Cordovan Ct, Chino Hills, CA 91709 is a single family home of 2,783 sqft. HomeUnion INVESTimate® for 16242 Cordovan Ct includes a Price Estimate of $939,449 and a Rent Estimate of $3,325. This single family home has 3 bedrooms,3 bathrooms, and was built in 1992. This property has an estimated 15 year annualized Yield of 4.25% and Total Return of 15.46%. The estimated 1 year forecast in home value for 16242 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