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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

2023 Promontory Point Ln Gold River, CA 95670

3 Beds 2 Baths 1,981 sqft Built 1987
Last updated:  Nov 28, 2019

INVESTimate

$465,670

$451K - $481K

Price Est.

$2,295

$2.2K - $2.4K

Rent Est.

$507,906  ( +9.07%)   1 YR EST. FORECAST
  
  
  

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2023 Promontory Point Ln PROPERTY INFO

FACTS
  • Built In 1987
  • Price/Sqft : $235.07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,981 sqft
  • Baths : 2 Full

2023 Promontory Point Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GOLD RIVER ELEMENTARY SCHOOL Primary Regular 719 27 9
GOLD RIVER ELEMENTARY SCHOOL Middle Regular 719 27 9
RIO AMERICANO HIGH SCHOOL High Magnet 1,603 66 8

GOLD RIVER ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 719
  • # of teachers: 27
9
GreatSchools Rating

GOLD RIVER ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 719
  • # of teachers: 27
9
GreatSchools Rating

RIO AMERICANO HIGH SCHOOL

  • Education Level: High
  • # of students: 1,603
  • # of teachers: 66
8
GreatSchools Rating
 

Financial Details

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Neighborhood

Promontory Point

  • 80

    POPULATION
  • 50

    HOUSEHOLDS
  • 79.5%

    WHITE COLLAR

Neighborhood : Promontory Point

HOUSEHOLDS
50
POPULATION

80

11.8%Renters
88.2%Home Owners
LABOR FORCE

 

79.5%White Collar
20.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

MY RENT : $2,295 MEDIAN RENT : NA

Rent % Distribution
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 $2,295 would therefore be considered affordable for annual household incomes greater than $91,800 (12 months x 3.333 x $2,295).

Rent % Affordability
Above $500 98.0%
Above $700 93.9%
Above $1,100 81.6%
Above $1,500 75.5%
Above $1,900 68.8%
HOUSEHOLD INCOME RANGE

Approximately 28 of households in this neighborhood have a total annual income of $91,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,295 per month.

MINIMUM INCOME RANGE : $91,800

Income % Distribution
<$20K 2.0%
$20K-$35K 8.2%
$35K-$60K 14.3%
$60K-$100K 20.4%
>=$100K 55.1%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 17% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 0.0%
10-14 mins 17.2%
15-19 mins 13.8%
20-29 mins 31.0%
30-44 mins 24.1%
45-59 mins 3.4%
>60 mins 10.3%

Promontory Point Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.4%
Educational Services 7.4%
Financial Industries 22.2%
Health Care & Social Assistance 22.2%
Public Administration 25.9%
Retail & Wholesale Trader 3.7%
Other 11.1%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 12% is 24 or younger and 38% is 65 or older.

Age % Distribution
<15 8.8%
15-19 3.8%
20-24 0.0%
25-44 10.0%
45-65 40.0%
66+ 37.5%
OCCUPATION

Occupation % Distribution
Computer Engineering 10.0%
Healthcare 5.0%
Legal 5.0%
Management, Business, & Financial 35.0%
Protect 15.0%
Sales & Office 20.0%
Other 10.0%
HIGHEST EDUCATION LEVEL

32% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 6.8%
High School 8.2%
Masters Degree 16.4%
Professional 4.1%
Some College 24.7%
Other 39.7%

2023 Promontory Point Ln Comps

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2023 Promontory Point Ln, Gold River, CA 95670 is a single family home of 1,981 sqft. HomeUnion INVESTimateĀ® for 2023 Promontory Point Ln includes a Price Estimate of $465,670 and a Rent Estimate of $2,295. This single family home has 3 bedrooms,2 bathrooms, and was built in 1987. This property has an estimated 15 year annualized Yield of 5.91% and Total Return of 27.24%. The estimated 1 year forecast in home value for 2023 Promontory Point Ln is 9.07%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , SACRAMENTO County , or the 95670 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 95628
  2. 95608