Financial Details28040 Redwood Hwy PROPERTY INFO
FACTS
- Built In 1935
- Price/Sqft : $226.37
CONSTRUCTION
- Beds : 2
- Floor Size : 1,020 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
28040 Redwood Hwy, Cave Junction, OR 97523 is a single family home of 1,020 sqft. HomeUnion estimate for 28040 Redwood Hwy includes a Price Estimate of $230,897 and a Rent Estimate of $1,128. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1935. This property has an estimated 15 year annualized Yield of 5.86% and Total Return of 21.41%. The estimated 1 year forecast in home value for 28040 Redwood Hwy is 6.83%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
28040 Redwood Hwy SCHOOLS
Financial Details
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CAVE JUNCTION
Neighborhood : CAVE JUNCTION
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 80% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,128 per month.
MY RENT : $1,128 MEDIAN RENT : $1,372
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 $1,128 would therefore be considered affordable for annual household incomes greater than $45,120 (12 months x 3.333 x $1,128).
HOUSEHOLD INCOME RANGE
Approximately 939 of households in this neighborhood have a total annual income of $45,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,128 per month.
MINIMUM INCOME RANGE : $45,120
COMMUTE TIME DISTRIBUTION
25% of the working population has a commute time of 15 to 44 minutes, 56% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.
CAVE JUNCTION Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 14.0% |
| Construction | 6.6% |
| Educational Services | 14.6% |
| Health Care & Social Assistance | 18.8% |
| Manufacturing | 11.7% |
| Retail & Wholesale Trader | 10.7% |
| Other | 23.7% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 22% is 24 or younger and 26% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 15.2% |
| 15-19 | 5.2% |
| 20-24 | 1.2% |
| 25-44 | 21.1% |
| 45-65 | 31.1% |
| 66+ | 26.2% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 9.4% |
| Construction | 8.8% |
| Healthcare | 16.2% |
| Management, Business, & Financial | 21.4% |
| Natural Resources Maintenance | 12.2% |
| Production & Transportation | 13.3% |
| Other | 18.8% |
HIGHEST EDUCATION LEVEL
16% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 10.1% |
| High School | 27.8% |
| Masters Degree | 4.5% |
| Some College | 33.7% |
| Some High School | 12.1% |
| Other | 11.8% |
28040 Redwood Hwy Comps
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