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This page contains aggregated information about each property, 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 about INVESTimate

27721 Colorado Ave Johannesburg, CA 93528

2 Beds 2 Baths 713 sqft Built 2006
Last updated:  Jan 23, 2020

INVESTimate

$124,979

$119K - $131K

Price Est.

$939

868 - $1.0K

Rent Est.

$131,978  ( +5.6%)   1 YR EST. FORECAST
  
  
  

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27721 Colorado Ave PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $175.29
CONSTRUCTION
  • Beds : 2
  • Floor Size : 713 sqft
  • Baths : 2 Full

27721 Colorado Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PIERCE ELEMENTARY SCHOOL Primary Regular 337 13 7
MURRAY MIDDLE SCHOOL Middle Regular 597 29 8
BURROUGHS HIGH SCHOOL High Regular 1,461 63 9

PIERCE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 337
  • # of teachers: 13
7
GreatSchools Rating

MURRAY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 597
  • # of teachers: 29
8
GreatSchools Rating

BURROUGHS HIGH SCHOOL

  • Education Level: High
  • # of students: 1,461
  • # of teachers: 63
9
GreatSchools Rating
 

Financial Details

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Neighborhood

JOHANNESBURG

  • 237

    POPULATION
  • 138

    HOUSEHOLDS
  • 65.7%

    WHITE COLLAR

Neighborhood : JOHANNESBURG

HOUSEHOLDS
138
POPULATION

237

16.0%Renters
84.0%Home Owners
LABOR FORCE

 

65.7%White Collar
34.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $939 per month.

MY RENT : $939 MEDIAN RENT : $840

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 60.0%
$900-999 27.5%
$1,000-1,499 12.5%
>=$1,500 0.0%
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 $939 would therefore be considered affordable for annual household incomes greater than $37,560 (12 months x 3.333 x $939).

Rent % Affordability
Above $500 77.7%
Above $700 59.3%
Above $1,100 30.2%
Above $1,500 28.8%
Above $1,900 25.3%
HOUSEHOLD INCOME RANGE

Approximately 47 of households in this neighborhood have a total annual income of $37,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $939 per month.

MINIMUM INCOME RANGE : $37,560

Income % Distribution
<$20K 22.3%
$20K-$35K 36.0%
$35K-$60K 12.9%
$60K-$100K 18.7%
>=$100K 10.1%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.6%
5-9 mins 8.3%
10-14 mins 22.2%
15-19 mins 8.3%
20-29 mins 8.3%
30-44 mins 30.6%
45-59 mins 0.0%
>60 mins 16.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 29% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $939 per month.

MY RENT : $939 MEDIAN RENT : $840

Rent % Distribution
$500-699 0.0%
$700-899 60.0%
$900-999 27.5%
$1,000-1,499 12.5%
>=$1,500 0.0%
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 $939 would therefore be considered affordable for annual household incomes greater than $37,560 (12 months x 3.333 x $939).

Rent % Affordability
Above $500 77.7%
Above $700 59.3%
Above $1,100 30.2%
Above $1,500 28.8%
Above $1,900 25.3%
HOUSEHOLD INCOME RANGE

Approximately 47 of households in this neighborhood have a total annual income of $37,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $939 per month.

MINIMUM INCOME RANGE : $37,560

Income % Distribution
<$20K 22.3%
$20K-$35K 36.0%
$35K-$60K 12.9%
$60K-$100K 18.7%
>=$100K 10.1%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 36% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.6%
5-9 mins 8.3%
10-14 mins 22.2%
15-19 mins 8.3%
20-29 mins 8.3%
30-44 mins 30.6%
45-59 mins 0.0%
>60 mins 16.7%

JOHANNESBURG Demographics

INDUSTRY

Industry % Distribution
Administrative Support 20.6%
Construction 20.6%
Educational Services 11.8%
Manufacturing 8.8%
Public Administration 20.6%
Retail & Wholesale Trader 5.9%
Other 11.8%
AGE DISTRIBUTION

71% of the population is between the ages of 25 and 64, 8% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 3.0%
15-19 2.1%
20-24 3.0%
25-44 25.3%
45-65 46.0%
66+ 20.7%
OCCUPATION

Occupation % Distribution
Clean 10.5%
Computer Engineering 10.5%
Healthcare 10.5%
Production & Transportation 26.3%
Sales & Office 21.1%
Social 10.5%
Other 10.5%
HIGHEST EDUCATION LEVEL

11% 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 37.9%
Professional 0.0%
Some College 30.2%
Some High School 17.9%
Other 2.6%

27721 Colorado Ave Comps

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27721 Colorado Ave, Johannesburg, CA 93528 is a single family home of 713 sqft. HomeUnion INVESTimateĀ® for 27721 Colorado Ave includes a Price Estimate of $124,979 and a Rent Estimate of $939. This single family home has 2 bedrooms,2 bathrooms, and was built in 2006. This property has an estimated 15 year annualized Yield of 9.02% and Total Return of 22.10%. The estimated 1 year forecast in home value for 27721 Colorado Ave is 5.6%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , KERN County , or the 93528 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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