Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

29671 Nuevo Rd Lakeview, CA 92567

3 Beds 2 Baths 1,350 sqft Built 1978
Last updated:  Dec 26, 2019

INVESTimate

$309,300

$263K - $356K

Price Est.

$1,723

$1.5K - $1.9K

Rent Est.

$340,230  ( +10%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 3349 JAPONICA RD N JACKSONVILLE, FL
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955
    AVAILABLE
    • 14.68% GROSS YIELD
    • $6,334 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $85,000
    • $28,275
    • $1,040
  • 1424 BRETON RD JACKSONVILLE, FL
    • 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1950
    AVAILABLE
    • 14.27% GROSS YIELD
    • $5,871 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $79,900
    • $26,924
    • $950

29671 Nuevo Rd PROPERTY INFO

FACTS
  • Built In 1978
  • Price/Sqft : $229.11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,350 sqft
  • Baths : 2 Full

29671 Nuevo Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
VALLEY VIEW ELEMENTARY SCHOOL Primary Regular 557 24 NA
MOUNTAIN SHADOWS MIDDLE SCHOOL Middle Regular 558 22 NA
HERITAGE HIGH SCHOOL High Regular 2,710 96 6

VALLEY VIEW ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 557
  • # of teachers: 24
-1
GreatSchools Rating

MOUNTAIN SHADOWS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 558
  • # of teachers: 22
-1
GreatSchools Rating

HERITAGE HIGH SCHOOL

  • Education Level: High
  • # of students: 2,710
  • # of teachers: 96
6
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

Nuevo

  • 7,385

    POPULATION
  • 1,885

    HOUSEHOLDS
  • 37.9%

    WHITE COLLAR

Neighborhood : Nuevo

HOUSEHOLDS
1,885
POPULATION

7,385

34.0%Renters
66.0%Home Owners
LABOR FORCE

 

37.9%White Collar
62.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 96% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,723 per month.

MY RENT : $1,723 MEDIAN RENT : $1,893

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 4.4%
>=$1,500 95.6%
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 $1,723 would therefore be considered affordable for annual household incomes greater than $68,920 (12 months x 3.333 x $1,723).

Rent % Affordability
Above $500 80.7%
Above $700 71.7%
Above $1,100 51.3%
Above $1,500 42.0%
Above $1,900 31.1%
HOUSEHOLD INCOME RANGE

Approximately 467 of households in this neighborhood have a total annual income of $68,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,723 per month.

MINIMUM INCOME RANGE : $68,920

Income % Distribution
<$20K 19.3%
$20K-$35K 19.8%
$35K-$60K 19.0%
$60K-$100K 25.0%
>=$100K 16.9%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.3%
5-9 mins 3.5%
10-14 mins 3.9%
15-19 mins 9.9%
20-29 mins 20.0%
30-44 mins 27.6%
45-59 mins 11.6%
>60 mins 18.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 96% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,723 per month.

MY RENT : $1,723 MEDIAN RENT : $1,893

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 4.4%
>=$1,500 95.6%
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 $1,723 would therefore be considered affordable for annual household incomes greater than $68,920 (12 months x 3.333 x $1,723).

Rent % Affordability
Above $500 80.7%
Above $700 71.7%
Above $1,100 51.3%
Above $1,500 42.0%
Above $1,900 31.1%
HOUSEHOLD INCOME RANGE

Approximately 467 of households in this neighborhood have a total annual income of $68,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,723 per month.

MINIMUM INCOME RANGE : $68,920

Income % Distribution
<$20K 19.3%
$20K-$35K 19.8%
$35K-$60K 19.0%
$60K-$100K 25.0%
>=$100K 16.9%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.3%
5-9 mins 3.5%
10-14 mins 3.9%
15-19 mins 9.9%
20-29 mins 20.0%
30-44 mins 27.6%
45-59 mins 11.6%
>60 mins 18.2%

Nuevo Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.2%
Construction 14.1%
Educational Services 9.9%
Health Care & Social Assistance 10.8%
Manufacturing 7.7%
Retail & Wholesale Trader 15.3%
Other 32.0%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 41% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 25.1%
15-19 7.7%
20-24 8.6%
25-44 23.9%
45-65 24.6%
66+ 10.1%
OCCUPATION

Occupation % Distribution
Clean 6.3%
Healthcare 3.8%
Management, Business, & Financial 10.0%
Natural Resources Maintenance 21.6%
Production & Transportation 23.6%
Sales & Office 18.5%
Other 16.3%
HIGHEST EDUCATION LEVEL

8% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.8%
High School 32.7%
Masters Degree 2.5%
Some College 22.9%
Some High School 27.0%
Other 10.1%

29671 Nuevo Rd Comps

Sorry, we do not have sufficient data available.

29671 Nuevo Rd, Lakeview, CA 92567 is a single family home of 1,350 sqft. HomeUnion INVESTimateĀ® for 29671 Nuevo Rd includes a Price Estimate of $309,300 and a Rent Estimate of $1,723. This single family home has 3 bedrooms,2 bathrooms, and was built in 1978. This property has an estimated 15 year annualized Yield of 6.68% and Total Return of 30.05%. The estimated 1 year forecast in home value for 29671 Nuevo Rd is 10%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , RIVERSIDE County , or the 92567 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 92586
  2. 92571
  3. 92570
  4. 92585
  5. 92550