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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

1724 Freeman Dr Pine Mountain Club, CA 93225

2 Beds 2 Baths 1,144 sqft Built 1991
Last updated:  Jan 23, 2020

INVESTimate

$245,568

$229K - $262K

Price Est.

$1,252

$1.2K - $1.3K

Rent Est.

$269,241  ( +9.64%)   1 YR EST. FORECAST
  
  
  

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1724 Freeman Dr PROPERTY INFO

FACTS
  • Built In 1991
  • Price/Sqft : $214.66
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,144 sqft
  • Baths : 2 Full

1724 Freeman Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FRAZIER MOUNTAIN HIGH SCHOOL High Regular 363 14 6

FRAZIER MOUNTAIN HIGH SCHOOL

  • Education Level: High
  • # of students: 363
  • # of teachers: 14
6
GreatSchools Rating
 

Financial Details

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Neighborhood

FRAZIER PARK

  • 6,591

    POPULATION
  • 2,507

    HOUSEHOLDS
  • 66.3%

    WHITE COLLAR

Neighborhood : FRAZIER PARK

HOUSEHOLDS
2,507
POPULATION

6,591

38.9%Renters
61.1%Home Owners
LABOR FORCE

 

66.3%White Collar
33.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 59% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,252 per month.

MY RENT : $1,252 MEDIAN RENT : $1,340

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 7.1%
$900-999 9.8%
$1,000-1,499 48.2%
>=$1,500 34.9%
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 $1,252 would therefore be considered affordable for annual household incomes greater than $50,080 (12 months x 3.333 x $1,252).

Rent % Affordability
Above $500 77.0%
Above $700 65.8%
Above $1,100 49.0%
Above $1,500 33.5%
Above $1,900 23.3%
HOUSEHOLD INCOME RANGE

Approximately 938 of households in this neighborhood have a total annual income of $50,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,252 per month.

MINIMUM INCOME RANGE : $50,080

Income % Distribution
<$20K 23.0%
$20K-$35K 19.8%
$35K-$60K 23.6%
$60K-$100K 19.0%
>=$100K 14.5%
COMMUTE TIME DISTRIBUTION

23% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 51% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 16.8%
10-14 mins 8.4%
15-19 mins 5.0%
20-29 mins 4.7%
30-44 mins 13.4%
45-59 mins 6.9%
>60 mins 43.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 59% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,252 per month.

MY RENT : $1,252 MEDIAN RENT : $1,340

Rent % Distribution
$500-699 0.0%
$700-899 7.1%
$900-999 9.8%
$1,000-1,499 48.2%
>=$1,500 34.9%
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 $1,252 would therefore be considered affordable for annual household incomes greater than $50,080 (12 months x 3.333 x $1,252).

Rent % Affordability
Above $500 77.0%
Above $700 65.8%
Above $1,100 49.0%
Above $1,500 33.5%
Above $1,900 23.3%
HOUSEHOLD INCOME RANGE

Approximately 938 of households in this neighborhood have a total annual income of $50,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,252 per month.

MINIMUM INCOME RANGE : $50,080

Income % Distribution
<$20K 23.0%
$20K-$35K 19.8%
$35K-$60K 23.6%
$60K-$100K 19.0%
>=$100K 14.5%
COMMUTE TIME DISTRIBUTION

23% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 51% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.0%
5-9 mins 16.8%
10-14 mins 8.4%
15-19 mins 5.0%
20-29 mins 4.7%
30-44 mins 13.4%
45-59 mins 6.9%
>60 mins 43.8%

FRAZIER PARK Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.5%
Construction 11.7%
Educational Services 6.5%
Manufacturing 11.3%
Retail & Wholesale Trader 27.1%
Transportation 6.2%
Other 27.6%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 32% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 23.8%
15-19 4.7%
20-24 3.8%
25-44 22.6%
45-65 28.4%
66+ 16.7%
OCCUPATION

Occupation % Distribution
Adesm 4.9%
Construction 3.6%
Management, Business, & Financial 13.9%
Natural Resources Maintenance 14.4%
Production & Transportation 15.9%
Sales & Office 38.5%
Other 8.7%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.7%
High School 27.7%
Masters Degree 4.0%
Some College 35.0%
Some High School 10.6%
Other 16.2%

1724 Freeman Dr Comps

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1724 Freeman Dr, Pine Mountain Club, CA 93225 is a single family home of 1,144 sqft. HomeUnion INVESTimateĀ® for 1724 Freeman Dr includes a Price Estimate of $245,568 and a Rent Estimate of $1,252. This single family home has 2 bedrooms,2 bathrooms, and was built in 1991. This property has an estimated 15 year annualized Yield of 6.12% and Total Return of 26.82%. The estimated 1 year forecast in home value for 1724 Freeman Dr is 9.64%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , KERN County , or the 93225 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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