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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.

28830 Se Island Rd Eagle Creek, OR 97022

2 Beds 1 Baths 1,320 sqft Built 1978
Last updated:  Jan 23, 2020

INVESTimate

$290,306

$275K - $306K

Price Est.

$1,465

$1.3K - $1.6K

Rent Est.

$316,288  ( +8.95%)   1 YR EST. FORECAST

28830 Se Island Rd PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $219.93
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,320 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
28830 Se Island Rd, Eagle Creek, OR 97022 is a single family home of 1,320 sqft. HomeUnion estimate for 28830 Se Island Rd includes a Price Estimate of $290,306 and a Rent Estimate of $1,465. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1978. This property has an estimated 15 year annualized Yield of 6.06% and Total Return of 27.47%. The estimated 1 year forecast in home value for 28830 Se Island Rd is 8.95%.
  
  
  

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28830 Se Island Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ESTACADA JUNIOR HIGH SCHOOL Middle Regular 322 17 NA
ESTACADA HIGH SCHOOL High Regular 664 33 NA

ESTACADA JUNIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 322
  • # of teachers: 17
-1
GreatSchools Rating

ESTACADA HIGH SCHOOL

  • Education Level: High
  • # of students: 664
  • # of teachers: 33
-1
GreatSchools Rating
 

Financial Details

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Neighborhood

EAGLE CREEK

  • 3,907

    POPULATION
  • 1,197

    HOUSEHOLDS
  • 63.7%

    WHITE COLLAR

Neighborhood : EAGLE CREEK

HOUSEHOLDS
1,197
POPULATION

3,907

13.7%Renters
86.3%Home Owners
LABOR FORCE

 

63.7%White Collar
36.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 59% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,465 per month.

MY RENT : $1,465 MEDIAN RENT : $1,565

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.3%
$1,000-1,499 43.7%
>=$1,500 56.0%
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 $1,465 would therefore be considered affordable for annual household incomes greater than $58,600 (12 months x 3.333 x $1,465).

Rent % Affordability
Above $500 85.7%
Above $700 82.8%
Above $1,100 71.7%
Above $1,500 53.2%
Above $1,900 37.3%
HOUSEHOLD INCOME RANGE

Approximately 645 of households in this neighborhood have a total annual income of $58,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,465 per month.

MINIMUM INCOME RANGE : $58,600

Income % Distribution
<$20K 14.3%
$20K-$35K 6.8%
$35K-$60K 25.7%
$60K-$100K 29.7%
>=$100K 23.5%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.9%
5-9 mins 9.5%
10-14 mins 9.6%
15-19 mins 8.1%
20-29 mins 14.6%
30-44 mins 31.2%
45-59 mins 10.7%
>60 mins 15.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 59% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,465 per month.

MY RENT : $1,465 MEDIAN RENT : $1,565

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.3%
$1,000-1,499 43.7%
>=$1,500 56.0%
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 $1,465 would therefore be considered affordable for annual household incomes greater than $58,600 (12 months x 3.333 x $1,465).

Rent % Affordability
Above $500 85.7%
Above $700 82.8%
Above $1,100 71.7%
Above $1,500 53.2%
Above $1,900 37.3%
HOUSEHOLD INCOME RANGE

Approximately 645 of households in this neighborhood have a total annual income of $58,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,465 per month.

MINIMUM INCOME RANGE : $58,600

Income % Distribution
<$20K 14.3%
$20K-$35K 6.8%
$35K-$60K 25.7%
$60K-$100K 29.7%
>=$100K 23.5%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.9%
5-9 mins 9.5%
10-14 mins 9.6%
15-19 mins 8.1%
20-29 mins 14.6%
30-44 mins 31.2%
45-59 mins 10.7%
>60 mins 15.4%

EAGLE CREEK Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 15.1%
Construction 8.5%
Educational Services 6.9%
Health Care & Social Assistance 12.4%
Manufacturing 7.5%
Retail & Wholesale Trader 16.2%
Other 33.3%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 36% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 26.2%
15-19 5.2%
20-24 4.1%
25-44 17.6%
45-65 30.8%
66+ 16.0%
OCCUPATION

Occupation % Distribution
Adesm 5.0%
Healthcare 11.4%
Management, Business, & Financial 28.8%
Natural Resources Maintenance 13.2%
Production & Transportation 11.7%
Sales & Office 16.5%
Other 13.4%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.8%
High School 31.4%
Masters Degree 5.2%
Some College 34.2%
Some High School 8.4%
Other 12.9%

28830 Se Island Rd Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in OR , CLACKAMAS County , or the 97022 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

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