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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

369 Summit Rd Mt Madonna, CA 95076

3 Beds 2 Baths 1,899 sqft Built 1980
Last updated:  Jan 23, 2020

INVESTimate

$842,509

$788K - $897K

Price Est.

$3,391

$3.0K - $3.8K

Rent Est.

$912,606  ( +8.32%)   1 YR EST. FORECAST
  
  
  

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369 Summit Rd PROPERTY INFO

FACTS
  • Built In 1980
  • Price/Sqft : $443.66
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,899 sqft
  • Baths : 2 Full

369 Summit Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ANN SOLDO ELEMENTARY SCHOOL Primary Regular 700 25 1
LAKEVIEW MIDDLE SCHOOL Middle Regular 666 34 3
PAJARO VALLEY HIGH SCHOOL High Regular 1,479 55 5

ANN SOLDO ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 700
  • # of teachers: 25
1
GreatSchools Rating

LAKEVIEW MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 666
  • # of teachers: 34
3
GreatSchools Rating

PAJARO VALLEY HIGH SCHOOL

  • Education Level: High
  • # of students: 1,479
  • # of teachers: 55
5
GreatSchools Rating
 

Financial Details

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Neighborhood

WATSONVILLE

  • 86,785

    POPULATION
  • 23,312

    HOUSEHOLDS
  • 44.6%

    WHITE COLLAR

Neighborhood : WATSONVILLE

HOUSEHOLDS
23,312
POPULATION

86,785

46.5%Renters
53.5%Home Owners
LABOR FORCE

 

44.6%White Collar
55.4%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 $3,391 per month.

MY RENT : $3,391 MEDIAN RENT : $2,729

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.2%
>=$1,500 99.8%
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 $3,391 would therefore be considered affordable for annual household incomes greater than $135,640 (12 months x 3.333 x $3,391).

Rent % Affordability
Above $500 88.5%
Above $700 80.5%
Above $1,100 65.4%
Above $1,500 50.8%
Above $1,900 39.7%
HOUSEHOLD INCOME RANGE

Approximately 2,959 of households in this neighborhood have a total annual income of $135,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,391 per month.

MINIMUM INCOME RANGE : $135,640

Income % Distribution
<$20K 11.5%
$20K-$35K 14.2%
$35K-$60K 23.4%
$60K-$100K 23.1%
>=$100K 27.7%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.5%
5-9 mins 7.2%
10-14 mins 16.3%
15-19 mins 17.8%
20-29 mins 18.1%
30-44 mins 22.2%
45-59 mins 7.8%
>60 mins 8.2%
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 $3,391 per month.

MY RENT : $3,391 MEDIAN RENT : $2,729

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.2%
>=$1,500 99.8%
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 $3,391 would therefore be considered affordable for annual household incomes greater than $135,640 (12 months x 3.333 x $3,391).

Rent % Affordability
Above $500 88.5%
Above $700 80.5%
Above $1,100 65.4%
Above $1,500 50.8%
Above $1,900 39.7%
HOUSEHOLD INCOME RANGE

Approximately 2,959 of households in this neighborhood have a total annual income of $135,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,391 per month.

MINIMUM INCOME RANGE : $135,640

Income % Distribution
<$20K 11.5%
$20K-$35K 14.2%
$35K-$60K 23.4%
$60K-$100K 23.1%
>=$100K 27.7%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.5%
5-9 mins 7.2%
10-14 mins 16.3%
15-19 mins 17.8%
20-29 mins 18.1%
30-44 mins 22.2%
45-59 mins 7.8%
>60 mins 8.2%

WATSONVILLE Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 18.2%
Arts & Entertainment 7.7%
Construction 7.0%
Health Care & Social Assistance 11.7%
Manufacturing 9.1%
Retail & Wholesale Trader 16.9%
Other 29.3%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 40% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 24.1%
15-19 7.4%
20-24 8.4%
25-44 26.4%
45-65 23.4%
66+ 10.3%
OCCUPATION

Occupation % Distribution
Clean 5.8%
Healthcare 4.8%
Management, Business, & Financial 12.7%
Natural Resources Maintenance 21.4%
Production & Transportation 17.3%
Sales & Office 20.1%
Other 17.8%
HIGHEST EDUCATION LEVEL

13% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.8%
High School 22.3%
Masters Degree 3.8%
Some College 19.2%
Some High School 34.8%
Other 13.1%

369 Summit Rd Comps

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369 Summit Rd, Mt Madonna, CA 95076 is a single family home of 1,899 sqft. HomeUnion INVESTimateĀ® for 369 Summit Rd includes a Price Estimate of $842,509 and a Rent Estimate of $3,391. This single family home has 3 bedrooms,2 bathrooms, and was built in 1980. This property has an estimated 15 year annualized Yield of 4.83% and Total Return of 23.83%. The estimated 1 year forecast in home value for 369 Summit Rd is 8.32%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , SANTA CRUZ County , or the 95076 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 95020