INVESTimate
$1,168,621
Financial Details2226 Louis Rd PROPERTY INFO
FACTS
- Built In 1980
- Price/Sqft : $1,455.50
CONSTRUCTION
- Beds : 5
- Floor Size : 3,000 sqft
- Baths : 3 Full 1 Half
PROPERTY DESCRIPTION
2226 Louis Rd, Palo Alto, CA 94303 is a single family home of 3,000 sqft. HomeUnion estimate for 2226 Louis Rd includes a Price Estimate of $4,366,494 and a Rent Estimate of $9,365. This single family home has 5 bedrooms, 4 bathrooms, and was built in 1980. This property has an estimated 15 year annualized Yield of 2.57% and Total Return of 45.87%. The estimated 1 year forecast in home value for 2226 Louis Rd is 20%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
2226 Louis Rd SCHOOLS
Financial Details
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Leland Manor - Embarcadero Oaks - Garland Drive
Neighborhood : Leland Manor - Embarcadero Oaks - Garland Drive
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $9,365 per month.
MY RENT : $9,365 MEDIAN RENT : $7,059
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 $9,365 would therefore be considered affordable for annual household incomes greater than $374,600 (12 months x 3.333 x $9,365).
HOUSEHOLD INCOME RANGE
Approximately -174 of households in this neighborhood have a total annual income of $374,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $9,365 per month.
MINIMUM INCOME RANGE : $374,600
COMMUTE TIME DISTRIBUTION
63% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.
Leland Manor - Embarcadero Oaks - Garland Drive Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 7.6% |
| Educational Services | 15.2% |
| Health Care & Social Assistance | 8.6% |
| Manufacturing | 10.5% |
| Professional & Scientific Tech Services | 23.4% |
| Retail & Wholesale Trader | 10.7% |
| Other | 24.0% |
AGE DISTRIBUTION
45% of the population is between the ages of 25 and 64, 34% is 24 or younger and 21% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 21.3% |
| 15-19 | 10.4% |
| 20-24 | 2.7% |
| 25-44 | 12.8% |
| 45-65 | 31.9% |
| 66+ | 20.9% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 27.9% |
| Construction | 5.3% |
| Legal | 2.8% |
| Management, Business, & Financial | 42.9% |
| Protect | 3.1% |
| Sales & Office | 11.7% |
| Other | 6.4% |
HIGHEST EDUCATION LEVEL
57% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Doctorate | 17.0% |
| High School | 5.7% |
| Masters Degree | 31.2% |
| Professional | 7.7% |
| Some College | 8.7% |
| Other | 29.7% |
2226 Louis Rd Comps
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