INVESTimate
$97,377
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30585 Phillip Rd PROPERTY INFO
FACTS
- Built In 1984
- Price/Sqft : $148.79
CONSTRUCTION
- Beds : 3
- Floor Size : 2,178 sqft
- Baths : 2 Full
30585 Phillip Rd SCHOOLS
Financial Details
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Lakeview
Neighborhood : Lakeview
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 89% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,074 per month.
MY RENT : $2,074 MEDIAN RENT : $1,821
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 $2,074 would therefore be considered affordable for annual household incomes greater than $82,960 (12 months x 3.333 x $2,074).
HOUSEHOLD INCOME RANGE
Approximately 192 of households in this neighborhood have a total annual income of $82,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,074 per month.
MINIMUM INCOME RANGE : $82,960
COMMUTE TIME DISTRIBUTION
53% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 33% has a commute time of 45 minutes or longer.
Lakeview Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 6.7% |
| Arts & Entertainment | 16.5% |
| Construction | 11.8% |
| Educational Services | 11.2% |
| Health Care & Social Assistance | 10.4% |
| Retail & Wholesale Trader | 15.3% |
| Other | 28.2% |
AGE DISTRIBUTION
49% of the population is between the ages of 25 and 64, 42% is 24 or younger and 9% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 23.7% |
| 15-19 | 9.6% |
| 20-24 | 8.5% |
| 25-44 | 26.7% |
| 45-65 | 22.4% |
| 66+ | 9.1% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 11.5% |
| Healthcare | 5.3% |
| Management, Business, & Financial | 5.3% |
| Natural Resources Maintenance | 21.5% |
| Production & Transportation | 22.3% |
| Sales & Office | 11.9% |
| Other | 22.3% |
HIGHEST EDUCATION LEVEL
7% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 4.3% |
| High School | 31.9% |
| Masters Degree | 1.6% |
| Some College | 26.2% |
| Some High School | 23.2% |
| Other | 12.8% |
30585 Phillip Rd Comps
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30585 Phillip Rd, Nuevo, CA 92567 is a single family home of 2,178 sqft. HomeUnion INVESTimateĀ® for 30585 Phillip Rd includes a Price Estimate of $324,066 and a Rent Estimate of $2,074. This single family home has 3 bedrooms,2 bathrooms, and was built in 1984. This property has an estimated 15 year annualized Yield of 7.68% and Total Return of 35.20%. The estimated 1 year forecast in home value for 30585 Phillip Rd is 11.38%.
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
