INVESTimate
$145,837
244 Olive St PROPERTY INFO
FACTS
- Built In 1950
- Price/Sqft : $469.38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,080 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
244 Olive St, Oak View, CA 93022 is a single family home of 1,080 sqft. HomeUnion estimate for 244 Olive St includes a Price Estimate of $506,932 and a Rent Estimate of $2,564. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 6.07% and Total Return of 20.04%. The estimated 1 year forecast in home value for 244 Olive St is 5.18%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
244 Olive 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 $2,564 per month.
MY RENT : $2,564 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 $2,564 would therefore be considered affordable for annual household incomes greater than $102,560 (12 months x 3.333 x $2,564).
HOUSEHOLD INCOME RANGE
Approximately 531 of households in this neighborhood have a total annual income of $102,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,564 per month.
MINIMUM INCOME RANGE : $102,560
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% |
244 Olive St Comps
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