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This page contains information about each property aggregated from public data sources, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more.

2455 Elko Dr Arrowbear Lk, CA 92382

2 Beds 2 Baths 1,443 sqft Built 1961
Last updated:  Jan 23, 2020

INVESTimate

$181,552

$176K - $187K

Price Est.

$1,342

$1.2K - $1.5K

Rent Est.

$200,869  ( +10.64%)   1 YR EST. FORECAST

2455 Elko Dr PROPERTY INFO

FACTS
  • Built In 1961
  • Price/Sqft : $125.82
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,443 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
2455 Elko Dr, Arrowbear Lk, CA 92382 is a single family home of 1,443 sqft. HomeUnion estimate for 2455 Elko Dr includes a Price Estimate of $181,552 and a Rent Estimate of $1,342. This single family home has 2 bedrooms, 2 bathrooms, and was built in 1961. This property has an estimated 15 year annualized Yield of 8.87% and Total Return of 34.03%. The estimated 1 year forecast in home value for 2455 Elko Dr is 10.64%.
  
  
  

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2455 Elko Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MARY PUTNAM HENCK INTERMEDIATE SCHOOL Middle Regular 949 37 4
RIM OF THE WORLD HIGH SCHOOL High Regular 1,306 55 6

MARY PUTNAM HENCK INTERMEDIATE SCHOOL

  • Education Level: Middle
  • # of students: 949
  • # of teachers: 37
4
GreatSchools Rating

RIM OF THE WORLD HIGH SCHOOL

  • Education Level: High
  • # of students: 1,306
  • # of teachers: 55
6
GreatSchools Rating
 

Financial Details

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Neighborhood

RUNNING SPRINGS

  • 5,023

    POPULATION
  • 1,956

    HOUSEHOLDS
  • 62.1%

    WHITE COLLAR

Neighborhood : RUNNING SPRINGS

HOUSEHOLDS
1,956
POPULATION

5,023

33.5%Renters
66.5%Home Owners
LABOR FORCE

 

62.1%White Collar
37.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 60% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,342 per month.

MY RENT : $1,342 MEDIAN RENT : $1,438

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.6%
$900-999 4.3%
$1,000-1,499 50.0%
>=$1,500 44.1%
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 $1,342 would therefore be considered affordable for annual household incomes greater than $53,680 (12 months x 3.333 x $1,342).

Rent % Affordability
Above $500 85.6%
Above $700 78.0%
Above $1,100 64.1%
Above $1,500 50.5%
Above $1,900 39.9%
HOUSEHOLD INCOME RANGE

Approximately 1,027 of households in this neighborhood have a total annual income of $53,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,342 per month.

MINIMUM INCOME RANGE : $53,680

Income % Distribution
<$20K 14.4%
$20K-$35K 15.6%
$35K-$60K 19.5%
$60K-$100K 25.0%
>=$100K 25.5%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.5%
5-9 mins 8.7%
10-14 mins 9.8%
15-19 mins 9.3%
20-29 mins 19.3%
30-44 mins 19.5%
45-59 mins 9.9%
>60 mins 16.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 60% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,342 per month.

MY RENT : $1,342 MEDIAN RENT : $1,438

Rent % Distribution
$500-699 0.0%
$700-899 1.6%
$900-999 4.3%
$1,000-1,499 50.0%
>=$1,500 44.1%
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 $1,342 would therefore be considered affordable for annual household incomes greater than $53,680 (12 months x 3.333 x $1,342).

Rent % Affordability
Above $500 85.6%
Above $700 78.0%
Above $1,100 64.1%
Above $1,500 50.5%
Above $1,900 39.9%
HOUSEHOLD INCOME RANGE

Approximately 1,027 of households in this neighborhood have a total annual income of $53,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,342 per month.

MINIMUM INCOME RANGE : $53,680

Income % Distribution
<$20K 14.4%
$20K-$35K 15.6%
$35K-$60K 19.5%
$60K-$100K 25.0%
>=$100K 25.5%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.5%
5-9 mins 8.7%
10-14 mins 9.8%
15-19 mins 9.3%
20-29 mins 19.3%
30-44 mins 19.5%
45-59 mins 9.9%
>60 mins 16.9%

RUNNING SPRINGS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.1%
Construction 12.4%
Educational Services 8.6%
Health Care & Social Assistance 12.8%
Public Administration 7.3%
Retail & Wholesale Trader 17.7%
Other 31.1%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 31% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 21.2%
15-19 4.4%
20-24 5.4%
25-44 21.3%
45-65 30.8%
66+ 17.0%
OCCUPATION

Occupation % Distribution
Healthcare 9.0%
Management, Business, & Financial 20.2%
Natural Resources Maintenance 12.5%
Production & Transportation 8.3%
Protect 8.9%
Sales & Office 21.9%
Other 19.3%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.5%
High School 19.7%
Masters Degree 6.4%
Some College 37.7%
Some High School 6.3%
Other 18.4%

2455 Elko Dr Comps

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