INVESTimate
$71,931
29447 River Ave PROPERTY INFO
FACTS
- Built In 1928
- Price/Sqft : $429.46
CONSTRUCTION
- Beds : 2
- Floor Size : 531 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
29447 River Ave, Castella, CA 96017 is a single family home of 531 sqft. HomeUnion estimate for 29447 River Ave includes a Price Estimate of $228,043 and a Rent Estimate of $751. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1928. This property has an estimated 15 year annualized Yield of 3.95% and Total Return of 13.46%. The estimated 1 year forecast in home value for 29447 River Ave is 6.6%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
29447 River Ave SCHOOLS
Financial Details
See Financial Details
To review the detailed projections for this property, sign up for a FREE account
CASTELLA
Neighborhood : CASTELLA
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $751 per month.
MY RENT : $751 MEDIAN RENT : $909
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 $751 would therefore be considered affordable for annual household incomes greater than $30,040 (12 months x 3.333 x $751).
HOUSEHOLD INCOME RANGE
Approximately 147 of households in this neighborhood have a total annual income of $30,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $751 per month.
MINIMUM INCOME RANGE : $30,040
COMMUTE TIME DISTRIBUTION
35% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 38% has a commute time of 45 minutes or longer.
CASTELLA Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 10.6% |
Educational Services | 10.6% |
Health Care & Social Assistance | 8.5% |
Manufacturing | 8.5% |
Public Administration | 14.9% |
Transportation | 8.5% |
Other | 38.3% |
AGE DISTRIBUTION
46% of the population is between the ages of 25 and 64, 24% is 24 or younger and 30% is 65 or older.
Age | % Distribution |
---|---|
<15 | 11.3% |
15-19 | 8.5% |
20-24 | 4.5% |
25-44 | 14.7% |
45-65 | 31.1% |
66+ | 29.9% |
OCCUPATION
Occupation | % Distribution |
---|---|
Construction | 10.3% |
Management, Business, & Financial | 10.3% |
Natural Resources Maintenance | 17.2% |
Production & Transportation | 10.3% |
Protect | 24.1% |
Sales & Office | 20.7% |
Other | 6.9% |
HIGHEST EDUCATION LEVEL
23% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 17.5% |
High School | 30.2% |
Masters Degree | 4.8% |
Some College | 31.0% |
Some High School | 7.1% |
Other | 9.5% |
29447 River Ave Comps
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , SHASTA County , or the 96017 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2