INVESTimate
$154,994
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31340 Marcuchio Rd PROPERTY INFO
FACTS
- Built In 1986
- Price/Sqft : $219.40
CONSTRUCTION
- Beds : 3
- Floor Size : 2,468 sqft
- Baths : 2 Full 2 Half
31340 Marcuchio Rd SCHOOLS
Financial Details
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Nuevo
Neighborhood : Nuevo
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 $2,415 per month.
MY RENT : $2,415 MEDIAN RENT : $1,893
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 $2,415 would therefore be considered affordable for annual household incomes greater than $96,600 (12 months x 3.333 x $2,415).
HOUSEHOLD INCOME RANGE
Approximately 336 of households in this neighborhood have a total annual income of $96,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,415 per month.
MINIMUM INCOME RANGE : $96,600
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.
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% |
31340 Marcuchio Rd Comps
31340 Marcuchio Rd, Nuevo, CA 92567 is a single family home of 2,468 sqft. HomeUnion INVESTimateĀ® for 31340 Marcuchio Rd includes a Price Estimate of $541,487 and a Rent Estimate of $2,415. This single family home has 3 bedrooms,4 bathrooms, and was built in 1986. This property has an estimated 15 year annualized Yield of 5.35% and Total Return of 27.02%. The estimated 1 year forecast in home value for 31340 Marcuchio Rd is 10%.
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