Financial Details33363 Forrest Dr PROPERTY INFO
FACTS
- Built In 2007
- Price/Sqft : $150.76
CONSTRUCTION
- Beds : 3
- Floor Size : 1,380 sqft
- Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
33363 Forrest Dr, Running Springs, CA 92382 is a single family home of 1,380 sqft. HomeUnion estimate for 33363 Forrest Dr includes a Price Estimate of $208,055 and a Rent Estimate of $1,553. This single family home has 3 bedrooms, 3 bathrooms, and was built in 2007. This property has an estimated 15 year annualized Yield of 8.96% and Total Return of 35.14%. The estimated 1 year forecast in home value for 33363 Forrest Dr is 10.64%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
33363 Forrest Dr SCHOOLS
Financial Details
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RUNNING SPRINGS
Neighborhood : RUNNING SPRINGS
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 44% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,553 per month.
MY RENT : $1,553 MEDIAN RENT : $1,438
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 $1,553 would therefore be considered affordable for annual household incomes greater than $62,120 (12 months x 3.333 x $1,553).
HOUSEHOLD INCOME RANGE
Approximately 683 of households in this neighborhood have a total annual income of $62,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,553 per month.
MINIMUM INCOME RANGE : $62,120
COMMUTE TIME DISTRIBUTION
48% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.
RUNNING SPRINGS Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 10.1% |
| Construction | 12.4% |
| Educational Services | 8.6% |
| Health Care & Social Assistance | 12.8% |
| Public Administration | 7.3% |
| Retail & Wholesale Trader | 17.7% |
| Other | 31.1% |
AGE DISTRIBUTION
52% of the population is between the ages of 25 and 64, 31% is 24 or younger and 17% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 21.2% |
| 15-19 | 4.4% |
| 20-24 | 5.4% |
| 25-44 | 21.3% |
| 45-65 | 30.8% |
| 66+ | 17.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 9.0% |
| Management, Business, & Financial | 20.2% |
| Natural Resources Maintenance | 12.5% |
| Production & Transportation | 8.3% |
| Protect | 8.9% |
| Sales & Office | 21.9% |
| Other | 19.3% |
HIGHEST EDUCATION LEVEL
22% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 11.5% |
| High School | 19.7% |
| Masters Degree | 6.4% |
| Some College | 37.7% |
| Some High School | 6.3% |
| Other | 18.4% |
33363 Forrest Dr Comps
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