INVESTimate
$127,639
Financial Details229 Apricot St PROPERTY INFO
FACTS
- Built In 1958
- Price/Sqft : $460.36
CONSTRUCTION
- Beds : 2
- Floor Size : 952 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
229 Apricot St, Oak View, CA 93022 is a single family home of 952 sqft. HomeUnion estimate for 229 Apricot St includes a Price Estimate of $438,259 and a Rent Estimate of $2,384. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1958. This property has an estimated 15 year annualized Yield of 6.53% and Total Return of 20.60%. The estimated 1 year forecast in home value for 229 Apricot St is 5.18%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
229 Apricot St SCHOOLS
Financial Details
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OAK VIEW
Neighborhood : OAK VIEW
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 $2,384 per month.
MY RENT : $2,384 MEDIAN RENT : $2,877
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 $2,384 would therefore be considered affordable for annual household incomes greater than $95,360 (12 months x 3.333 x $2,384).
HOUSEHOLD INCOME RANGE
Approximately 926 of households in this neighborhood have a total annual income of $95,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,384 per month.
MINIMUM INCOME RANGE : $95,360
COMMUTE TIME DISTRIBUTION
58% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.
OAK VIEW Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 10.7% |
| Construction | 13.0% |
| Educational Services | 10.3% |
| Health Care & Social Assistance | 10.7% |
| Professional & Scientific Tech Services | 9.9% |
| Retail & Wholesale Trader | 12.2% |
| Other | 33.3% |
AGE DISTRIBUTION
56% of the population is between the ages of 25 and 64, 28% is 24 or younger and 16% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 14.8% |
| 15-19 | 6.8% |
| 20-24 | 6.1% |
| 25-44 | 26.6% |
| 45-65 | 29.4% |
| 66+ | 16.2% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 6.8% |
| Healthcare | 8.5% |
| Management, Business, & Financial | 20.2% |
| Natural Resources Maintenance | 10.6% |
| Production & Transportation | 10.7% |
| Sales & Office | 17.5% |
| Other | 25.7% |
HIGHEST EDUCATION LEVEL
20% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 11.3% |
| High School | 19.0% |
| Masters Degree | 5.8% |
| Some College | 27.7% |
| Some High School | 13.6% |
| Other | 22.6% |
229 Apricot St Comps
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