INVESTimate
$44,031
OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
24857 Highway 33 PROPERTY INFO
FACTS
- Built In 1940
- Price/Sqft : $98.76
CONSTRUCTION
- Beds : 3
- Floor Size : 1,243 sqft
- Baths : 1 Full
24857 Highway 33 SCHOOLS
Financial Details
See Financial Details
To review the detailed projections for this property, sign up for a FREE account
FELLOWS
Neighborhood : FELLOWS
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 46% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $955 per month.
MY RENT : $955 MEDIAN RENT : $908
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 $955 would therefore be considered affordable for annual household incomes greater than $38,200 (12 months x 3.333 x $955).
HOUSEHOLD INCOME RANGE
Approximately 77 of households in this neighborhood have a total annual income of $38,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $955 per month.
MINIMUM INCOME RANGE : $38,200
COMMUTE TIME DISTRIBUTION
54% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.
FELLOWS Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Administrative Support | 7.9% |
Agriculture, Fishing & Game | 30.9% |
Arts & Entertainment | 9.2% |
Construction | 9.9% |
Educational Services | 8.6% |
Retail & Wholesale Trader | 9.9% |
Other | 23.7% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 34% is 24 or younger and 14% is 65 or older.
Age | % Distribution |
---|---|
<15 | 20.0% |
15-19 | 8.2% |
20-24 | 6.0% |
25-44 | 24.0% |
45-65 | 27.9% |
66+ | 14.0% |
OCCUPATION
Occupation | % Distribution |
---|---|
Healthcare | 3.8% |
Management, Business, & Financial | 6.7% |
Natural Resources Maintenance | 32.4% |
Production & Transportation | 20.0% |
Protect | 7.6% |
Sales & Office | 19.0% |
Other | 10.5% |
HIGHEST EDUCATION LEVEL
9% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 7.9% |
Doctorate | 0.6% |
High School | 35.6% |
Some College | 23.3% |
Some High School | 26.9% |
Other | 5.7% |
24857 Highway 33 Comps
24857 Highway 33, Fellows, CA 93224 is a single family home of 1,243 sqft. HomeUnion INVESTimateĀ® for 24857 Highway 33 includes a Price Estimate of $122,759 and a Rent Estimate of $955. This single family home has 3 bedrooms,1 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 9.34% and Total Return of 22.61%. The estimated 1 year forecast in home value for 24857 Highway 33 is 5.31%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , KERN County , or the 93224 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2