INVESTimate
$160,106
Financial Details241 Prospect St PROPERTY INFO
FACTS
- Built In 1959
- Price/Sqft : $456.66
CONSTRUCTION
- Beds : 3
- Floor Size : 1,228 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
241 Prospect St, Oak View, CA 93022 is a single family home of 1,228 sqft. HomeUnion estimate for 241 Prospect St includes a Price Estimate of $560,776 and a Rent Estimate of $2,644. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1959. This property has an estimated 15 year annualized Yield of 5.66% and Total Return of 18.40%. The estimated 1 year forecast in home value for 241 Prospect St is 5.18%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
241 Prospect St SCHOOLS
Financial Details
See Financial Details
To review the detailed projections for this property, sign up for a FREE account
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 $2,644 per month.
MY RENT : $2,644 MEDIAN RENT : $2,881
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 $2,644 would therefore be considered affordable for annual household incomes greater than $105,760 (12 months x 3.333 x $2,644).
HOUSEHOLD INCOME RANGE
Approximately 516 of households in this neighborhood have a total annual income of $105,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,644 per month.
MINIMUM INCOME RANGE : $105,760
COMMUTE TIME DISTRIBUTION
60% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.
OAK VIEW Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 10.8% |
| Construction | 13.7% |
| Educational Services | 8.6% |
| Health Care & Social Assistance | 11.2% |
| Professional & Scientific Tech Services | 10.0% |
| Retail & Wholesale Trader | 14.0% |
| Other | 31.8% |
AGE DISTRIBUTION
55% of the population is between the ages of 25 and 64, 28% is 24 or younger and 17% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 14.7% |
| 15-19 | 6.6% |
| 20-24 | 6.3% |
| 25-44 | 25.1% |
| 45-65 | 30.1% |
| 66+ | 17.3% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 7.1% |
| Healthcare | 7.5% |
| Management, Business, & Financial | 18.9% |
| Natural Resources Maintenance | 9.2% |
| Production & Transportation | 11.4% |
| Sales & Office | 18.3% |
| Other | 27.6% |
HIGHEST EDUCATION LEVEL
18% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.7% |
| High School | 20.6% |
| Masters Degree | 5.9% |
| Some College | 27.5% |
| Some High School | 13.5% |
| Other | 22.9% |
241 Prospect St Comps
Sorry, we do not have sufficient data available.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , VENTURA County , or the 93022 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
