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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

3035 La Panza Rd Creston, CA 93432

1 Beds 1 Baths 894 sqft Built 1979
Last updated:  Jan 23, 2020

INVESTimate

$396,194

$366K - $426K

Price Est.

$1,524

$1.3K - $1.7K

Rent Est.

$422,897  ( +6.74%)   1 YR EST. FORECAST
  
  
  

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3035 La Panza Rd PROPERTY INFO

FACTS
  • Built In 1979
  • Price/Sqft : $443.17
CONSTRUCTION
  • Beds : 1
  • Floor Size : 894 sqft
  • Baths : 1 Full

3035 La Panza Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SANTA MARGARITA ELEMENTARY SCHOOL Primary Regular 273 11 9
SANTA MARGARITA ELEMENTARY SCHOOL Middle Regular 273 11 9

SANTA MARGARITA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 273
  • # of teachers: 11
9
GreatSchools Rating

SANTA MARGARITA ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 273
  • # of teachers: 11
9
GreatSchools Rating
 

Financial Details

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Neighborhood

CRESTON

  • 1,114

    POPULATION
  • 451

    HOUSEHOLDS
  • 59.1%

    WHITE COLLAR

Neighborhood : CRESTON

HOUSEHOLDS
451
POPULATION

1,114

27.4%Renters
72.6%Home Owners
LABOR FORCE

 

59.1%White Collar
40.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,524 per month.

MY RENT : $1,524 MEDIAN RENT : $2,375

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.3%
>=$1,500 99.7%
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 $1,524 would therefore be considered affordable for annual household incomes greater than $60,960 (12 months x 3.333 x $1,524).

Rent % Affordability
Above $500 86.5%
Above $700 82.7%
Above $1,100 69.3%
Above $1,500 55.8%
Above $1,900 44.5%
HOUSEHOLD INCOME RANGE

Approximately 184 of households in this neighborhood have a total annual income of $60,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,524 per month.

MINIMUM INCOME RANGE : $60,960

Income % Distribution
<$20K 13.5%
$20K-$35K 9.9%
$35K-$60K 20.8%
$60K-$100K 24.9%
>=$100K 30.9%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 4.0%
10-14 mins 11.8%
15-19 mins 9.4%
20-29 mins 22.0%
30-44 mins 27.8%
45-59 mins 4.0%
>60 mins 16.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,524 per month.

MY RENT : $1,524 MEDIAN RENT : $2,375

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.3%
>=$1,500 99.7%
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 $1,524 would therefore be considered affordable for annual household incomes greater than $60,960 (12 months x 3.333 x $1,524).

Rent % Affordability
Above $500 86.5%
Above $700 82.7%
Above $1,100 69.3%
Above $1,500 55.8%
Above $1,900 44.5%
HOUSEHOLD INCOME RANGE

Approximately 184 of households in this neighborhood have a total annual income of $60,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,524 per month.

MINIMUM INCOME RANGE : $60,960

Income % Distribution
<$20K 13.5%
$20K-$35K 9.9%
$35K-$60K 20.8%
$60K-$100K 24.9%
>=$100K 30.9%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 4.0%
10-14 mins 11.8%
15-19 mins 9.4%
20-29 mins 22.0%
30-44 mins 27.8%
45-59 mins 4.0%
>60 mins 16.5%

CRESTON Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 8.2%
Construction 10.9%
Educational Services 9.1%
Health Care & Social Assistance 12.3%
Retail & Wholesale Trader 10.7%
Transportation 9.9%
Other 38.9%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 25% is 24 or younger and 25% is 65 or older.

Age % Distribution
<15 16.4%
15-19 2.2%
20-24 6.4%
25-44 18.0%
45-65 32.2%
66+ 24.9%
OCCUPATION

Occupation % Distribution
Clean 6.4%
Healthcare 11.3%
Management, Business, & Financial 19.0%
Natural Resources Maintenance 12.5%
Production & Transportation 12.5%
Sales & Office 23.2%
Other 15.1%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Associates Degree 15.7%
High School 25.9%
Masters Degree 4.8%
Some College 27.7%
Some High School 6.1%
Other 19.8%

3035 La Panza Rd Comps

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3035 La Panza Rd, Creston, CA 93432 is a single family home of 894 sqft. HomeUnion INVESTimateĀ® for 3035 La Panza Rd includes a Price Estimate of $396,194 and a Rent Estimate of $1,524. This single family home has 1 bedrooms,1 bathrooms, and was built in 1979. This property has an estimated 15 year annualized Yield of 4.62% and Total Return of 14.84%. The estimated 1 year forecast in home value for 3035 La Panza Rd is 6.74%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , SAN LUIS OBISPO County , or the 93432 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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