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This page contains information about each property aggregated from public data sources, 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.

331 Prospect St Oak View, CA 93022

3 Beds 1 Baths 976 sqft Built 1947
Last updated:  Jan 23, 2020

INVESTimate

$508,472

$479K - $538K

Price Est.

$2,650

$2.5K - $2.8K

Rent Est.

$534,811  ( +5.18%)   1 YR EST. FORECAST

331 Prospect St PROPERTY INFO

FACTS
  • Built In 1947
  • Price/Sqft : $520.98
CONSTRUCTION
  • Beds : 3
  • Floor Size : 976 sqft
  • Baths : 1 Full
PROPERTY DESCRIPTION
331 Prospect St, Oak View, CA 93022 is a single family home of 976 sqft. HomeUnion estimate for 331 Prospect St includes a Price Estimate of $508,472 and a Rent Estimate of $2,650. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1947. This property has an estimated 15 year annualized Yield of 6.25% and Total Return of 20.30%. The estimated 1 year forecast in home value for 331 Prospect St is 5.18%.
  
  
  

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331 Prospect St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
DE ANZA ACADEMY OF TECHNOLOGY AND THE ARTS Middle Regular 658 27 6
VENTURA HIGH SCHOOL High Regular 2,070 86 7

DE ANZA ACADEMY OF TECHNOLOGY AND THE ARTS

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 27
6
GreatSchools Rating

VENTURA HIGH SCHOOL

  • Education Level: High
  • # of students: 2,070
  • # of teachers: 86
7
GreatSchools Rating
 

Financial Details

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Neighborhood

OAK VIEW

  • 6,928

    POPULATION
  • 2,317

    HOUSEHOLDS
  • 67.5%

    WHITE COLLAR

Neighborhood : OAK VIEW

HOUSEHOLDS
2,317
POPULATION

6,928

20.5%Renters
79.5%Home Owners
LABOR FORCE

 

67.5%White Collar
32.5%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 $2,650 per month.

MY RENT : $2,650 MEDIAN RENT : $2,877

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $2,650 would therefore be considered affordable for annual household incomes greater than $106,000 (12 months x 3.333 x $2,650).

Rent % Affordability
Above $500 88.6%
Above $700 83.9%
Above $1,100 74.1%
Above $1,500 62.3%
Above $1,900 49.2%
HOUSEHOLD INCOME RANGE

Approximately 519 of households in this neighborhood have a total annual income of $106,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,650 per month.

MINIMUM INCOME RANGE : $106,000

Income % Distribution
<$20K 11.4%
$20K-$35K 10.3%
$35K-$60K 15.9%
$60K-$100K 23.4%
>=$100K 38.9%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 22% 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 1.5%
5-9 mins 5.7%
10-14 mins 14.5%
15-19 mins 15.9%
20-29 mins 23.1%
30-44 mins 19.2%
45-59 mins 9.7%
>60 mins 10.4%
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 $2,650 per month.

MY RENT : $2,650 MEDIAN RENT : $2,877

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $2,650 would therefore be considered affordable for annual household incomes greater than $106,000 (12 months x 3.333 x $2,650).

Rent % Affordability
Above $500 88.6%
Above $700 83.9%
Above $1,100 74.1%
Above $1,500 62.3%
Above $1,900 49.2%
HOUSEHOLD INCOME RANGE

Approximately 519 of households in this neighborhood have a total annual income of $106,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,650 per month.

MINIMUM INCOME RANGE : $106,000

Income % Distribution
<$20K 11.4%
$20K-$35K 10.3%
$35K-$60K 15.9%
$60K-$100K 23.4%
>=$100K 38.9%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 22% 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 1.5%
5-9 mins 5.7%
10-14 mins 14.5%
15-19 mins 15.9%
20-29 mins 23.1%
30-44 mins 19.2%
45-59 mins 9.7%
>60 mins 10.4%

OAK VIEW Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 10.7%
Construction 13.0%
Educational Services 10.3%
Health Care & Social Assistance 10.7%
Professional & Scientific Tech Services 9.9%
Retail & Wholesale Trader 12.2%
Other 33.3%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 28% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 14.8%
15-19 6.8%
20-24 6.1%
25-44 26.6%
45-65 29.4%
66+ 16.2%
OCCUPATION

Occupation % Distribution
Construction 6.8%
Healthcare 8.5%
Management, Business, & Financial 20.2%
Natural Resources Maintenance 10.6%
Production & Transportation 10.7%
Sales & Office 17.5%
Other 25.7%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.3%
High School 19.0%
Masters Degree 5.8%
Some College 27.7%
Some High School 13.6%
Other 22.6%

331 Prospect St Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , VENTURA County , or the 93022 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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