INVESTimate
$70,240
Financial Details23674 Avenue 93 PROPERTY INFO
FACTS
- Built In 1950
- Price/Sqft : $235.06
CONSTRUCTION
- Beds : 2
- Floor Size : 943 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
23674 Avenue 93, Terra Bella, CA 93270 is a single family home of 943 sqft. HomeUnion estimate for 23674 Avenue 93 includes a Price Estimate of $221,662 and a Rent Estimate of $807. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 4.37% and Total Return of 16.26%. The estimated 1 year forecast in home value for 23674 Avenue 93 is 6.34%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
23674 Avenue 93 SCHOOLS
Financial Details
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TERRA BELLA
Neighborhood : TERRA BELLA
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $807 per month.
MY RENT : $807 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 $807 would therefore be considered affordable for annual household incomes greater than $32,280 (12 months x 3.333 x $807).
HOUSEHOLD INCOME RANGE
Approximately 2,747 of households in this neighborhood have a total annual income of $32,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $807 per month.
MINIMUM INCOME RANGE : $32,280
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% |
23674 Avenue 93 Comps
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