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23632 Magnolia Ave PROPERTY INFO
FACTS
- Built In 1950
- Price/Sqft : $115.64
CONSTRUCTION
- Beds : 3
- Floor Size : 1,056 sqft
- Baths : 1 Full
23632 Magnolia Ave SCHOOLS
Financial Details
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TERRA BELLA
Neighborhood : TERRA BELLA
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 57% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $946 per month.
MY RENT : $946 MEDIAN RENT : $978
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 $946 would therefore be considered affordable for annual household incomes greater than $37,840 (12 months x 3.333 x $946).
HOUSEHOLD INCOME RANGE
Approximately 532 of households in this neighborhood have a total annual income of $37,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $946 per month.
MINIMUM INCOME RANGE : $37,840
COMMUTE TIME DISTRIBUTION
58% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.
TERRA BELLA Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 49.0% |
| Arts & Entertainment | 4.9% |
| Construction | 7.0% |
| Educational Services | 6.7% |
| Health Care & Social Assistance | 7.9% |
| Retail & Wholesale Trader | 8.2% |
| Other | 16.4% |
AGE DISTRIBUTION
47% of the population is between the ages of 25 and 64, 43% is 24 or younger and 10% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 25.0% |
| 15-19 | 10.5% |
| 20-24 | 7.7% |
| 25-44 | 25.2% |
| 45-65 | 21.5% |
| 66+ | 10.2% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 6.3% |
| Management, Business, & Financial | 19.7% |
| Natural Resources Maintenance | 31.0% |
| Production & Transportation | 18.7% |
| Sales & Office | 9.5% |
| Social | 3.7% |
| Other | 11.2% |
HIGHEST EDUCATION LEVEL
8% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 5.9% |
| High School | 24.1% |
| Masters Degree | 1.3% |
| Some College | 15.5% |
| Some High School | 47.1% |
| Other | 6.0% |
23632 Magnolia Ave Comps
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23632 Magnolia Ave, Terra Bella, CA 93270 is a single family home of 1,056 sqft. HomeUnion INVESTimateĀ® for 23632 Magnolia Ave includes a Price Estimate of $122,111 and a Rent Estimate of $946. This single family home has 3 bedrooms,1 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 9.30% and Total Return of 25.40%. The estimated 1 year forecast in home value for 23632 Magnolia Ave is 6.34%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , TULARE County , or the 93270 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
