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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

38114 Cherry Valley Blvd Cherry Valley, CA 92223

3 Beds 1 Baths 1,088 sqft Built 1940
Last updated:  Dec 26, 2019

INVESTimate

$547,478

$532K - $563K

Price Est.

$1,445

$1.4K - $1.5K

Rent Est.

$587,937  ( +7.39%)   1 YR EST. FORECAST
  
  
  

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38114 Cherry Valley Blvd PROPERTY INFO

FACTS
  • Built In 1940
  • Price/Sqft : $503.20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,088 sqft
  • Baths : 1 Full

38114 Cherry Valley Blvd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BROOKSIDE ELEMENTARY SCHOOL Primary Regular 569 23 6
MOUNTAIN VIEW MIDDLE SCHOOL Middle Regular 955 34 6
BEAUMONT SENIOR HIGH SCHOOL High Regular 2,431 84 6

BROOKSIDE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 569
  • # of teachers: 23
6
GreatSchools Rating

MOUNTAIN VIEW MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 955
  • # of teachers: 34
6
GreatSchools Rating

BEAUMONT SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 2,431
  • # of teachers: 84
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Cherry Valley West

  • 1,140

    POPULATION
  • 371

    HOUSEHOLDS
  • 33.9%

    WHITE COLLAR

Neighborhood : Cherry Valley West

HOUSEHOLDS
371
POPULATION

1,140

47.3%Renters
52.7%Home Owners
LABOR FORCE

 

33.9%White Collar
66.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 84% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,445 per month.

MY RENT : $1,445 MEDIAN RENT : $1,730

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 17.6%
>=$1,500 82.4%
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 $1,445 would therefore be considered affordable for annual household incomes greater than $57,800 (12 months x 3.333 x $1,445).

Rent % Affordability
Above $500 71.0%
Above $700 60.0%
Above $1,100 45.4%
Above $1,500 29.6%
Above $1,900 15.2%
HOUSEHOLD INCOME RANGE

Approximately 113 of households in this neighborhood have a total annual income of $57,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,445 per month.

MINIMUM INCOME RANGE : $57,800

Income % Distribution
<$20K 29.0%
$20K-$35K 19.9%
$35K-$60K 21.5%
$60K-$100K 16.4%
>=$100K 13.2%
COMMUTE TIME DISTRIBUTION

29% of the working population has a commute time of 15 to 44 minutes, 57% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 16.8%
10-14 mins 40.0%
15-19 mins 2.6%
20-29 mins 14.6%
30-44 mins 11.7%
45-59 mins 6.8%
>60 mins 7.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 84% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,445 per month.

MY RENT : $1,445 MEDIAN RENT : $1,730

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 17.6%
>=$1,500 82.4%
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 $1,445 would therefore be considered affordable for annual household incomes greater than $57,800 (12 months x 3.333 x $1,445).

Rent % Affordability
Above $500 71.0%
Above $700 60.0%
Above $1,100 45.4%
Above $1,500 29.6%
Above $1,900 15.2%
HOUSEHOLD INCOME RANGE

Approximately 113 of households in this neighborhood have a total annual income of $57,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,445 per month.

MINIMUM INCOME RANGE : $57,800

Income % Distribution
<$20K 29.0%
$20K-$35K 19.9%
$35K-$60K 21.5%
$60K-$100K 16.4%
>=$100K 13.2%
COMMUTE TIME DISTRIBUTION

29% of the working population has a commute time of 15 to 44 minutes, 57% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 16.8%
10-14 mins 40.0%
15-19 mins 2.6%
20-29 mins 14.6%
30-44 mins 11.7%
45-59 mins 6.8%
>60 mins 7.5%

Cherry Valley West Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 4.9%
Arts & Entertainment 19.1%
Construction 12.8%
Health Care & Social Assistance 14.8%
Manufacturing 9.3%
Real Estate 9.7%
Other 29.4%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 29% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 15.8%
15-19 6.0%
20-24 7.1%
25-44 27.2%
45-65 27.3%
66+ 16.7%
OCCUPATION

Occupation % Distribution
Adesm 5.7%
Clean 15.8%
Natural Resources Maintenance 28.5%
PCare 7.6%
Production & Transportation 10.8%
Sales & Office 23.1%
Other 8.5%
HIGHEST EDUCATION LEVEL

12% 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 31.4%
Masters Degree 4.1%
Some College 29.1%
Some High School 26.0%
Other 5.2%

38114 Cherry Valley Blvd Comps

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38114 Cherry Valley Blvd, Cherry Valley, CA 92223 is a single family home of 1,088 sqft. HomeUnion INVESTimateĀ® for 38114 Cherry Valley Blvd includes a Price Estimate of $547,478 and a Rent Estimate of $1,445. This single family home has 3 bedrooms,1 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 3.17% and Total Return of 15.32%. The estimated 1 year forecast in home value for 38114 Cherry Valley Blvd is 7.39%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , RIVERSIDE County , or the 92223 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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