Financial Details2216 Freeman Dr PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $191.32
CONSTRUCTION
- Beds : 3
- Floor Size : 1,890 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
2216 Freeman Dr, Pine Mountain Club, CA 93225 is a single family home of 1,890 sqft. HomeUnion estimate for 2216 Freeman Dr includes a Price Estimate of $361,594 and a Rent Estimate of $1,795. This single family home has 3 bedrooms, 2 bathrooms, and was built in 2005. This property has an estimated 15 year annualized Yield of 5.96% and Total Return of 27.10%. The estimated 1 year forecast in home value for 2216 Freeman Dr is 9.64%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
2216 Freeman Dr SCHOOLS
Financial Details
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FRAZIER PARK
Neighborhood : FRAZIER PARK
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 35% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,795 per month.
MY RENT : $1,795 MEDIAN RENT : $1,340
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 $1,795 would therefore be considered affordable for annual household incomes greater than $71,800 (12 months x 3.333 x $1,795).
HOUSEHOLD INCOME RANGE
Approximately 498 of households in this neighborhood have a total annual income of $71,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,795 per month.
MINIMUM INCOME RANGE : $71,800
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.
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% |
2216 Freeman Dr Comps
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