1. < Scenic Ave

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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

38308 Scenic Ave Mineral, CA 96061

3 Beds 1 Baths 987 sqft Built 1938
Last updated:  Jan 23, 2020

INVESTimate

$223,283

$205K - $242K

Price Est.

$1,212

$1.1K - $1.3K

Rent Est.

$70,670

Investment Est.

$239,359  ( +7.2%)   1 YR EST. FORECAST

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38308 Scenic Ave PROPERTY INFO

FACTS
  • Built In 1938
  • Price/Sqft : $226.22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 987 sqft
  • Baths : 1 Full

38308 Scenic Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
RED BLUFF HIGH SCHOOL High Regular 1,438 72 7

RED BLUFF HIGH SCHOOL

  • Education Level: High
  • # of students: 1,438
  • # of teachers: 72
7
GreatSchools Rating
 

Financial Details

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Neighborhood

MILL CREEK

  • 37

    POPULATION

  • 17

    HOUSEHOLDS

  • 58.1%

    WHITE COLLAR

Neighborhood : MILL CREEK

HOUSEHOLDS
17
POPULATION

37

34.3%Renters
65.7%Home Owners
LABOR FORCE

 

58.1%White Collar
41.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,212 per month.

MY RENT : $1,212 MEDIAN RENT : $1,564

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 28.6%
>=$1,500 71.4%
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 $1,212 would therefore be considered affordable for annual household incomes greater than $48,480 (12 months x 3.333 x $1,212).

Rent % Affordability
Above $500 80.0%
Above $700 68.0%
Above $1,100 42.0%
Above $1,500 40.0%
Above $1,900 29.2%
HOUSEHOLD INCOME RANGE

Approximately 4 of households in this neighborhood have a total annual income of $48,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,212 per month.

MINIMUM INCOME RANGE : $48,480

Income % Distribution
<$20K 20.0%
$20K-$35K 30.0%
$35K-$60K 10.0%
$60K-$100K 30.0%
>=$100K 10.0%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 20% 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 6.7%
5-9 mins 6.7%
10-14 mins 6.7%
15-19 mins 13.3%
20-29 mins 33.3%
30-44 mins 13.3%
45-59 mins 6.7%
>60 mins 13.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,212 per month.

MY RENT : $1,212 MEDIAN RENT : $1,564

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 28.6%
>=$1,500 71.4%
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 $1,212 would therefore be considered affordable for annual household incomes greater than $48,480 (12 months x 3.333 x $1,212).

Rent % Affordability
Above $500 80.0%
Above $700 68.0%
Above $1,100 42.0%
Above $1,500 40.0%
Above $1,900 29.2%
HOUSEHOLD INCOME RANGE

Approximately 4 of households in this neighborhood have a total annual income of $48,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,212 per month.

MINIMUM INCOME RANGE : $48,480

Income % Distribution
<$20K 20.0%
$20K-$35K 30.0%
$35K-$60K 10.0%
$60K-$100K 30.0%
>=$100K 10.0%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 20% 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 6.7%
5-9 mins 6.7%
10-14 mins 6.7%
15-19 mins 13.3%
20-29 mins 33.3%
30-44 mins 13.3%
45-59 mins 6.7%
>60 mins 13.3%
MILL CREEK Demographics
INDUSTRY

           

Industry % Distribution
Construction 8.3%
Educational Services 8.3%
Health Care & Social Assistance 25.0%
Manufacturing 16.7%
Public Administration 8.3%
Retail & Wholesale Trader 8.3%
Other 25.0%
OCCUPATION

           

Occupation % Distribution
Healthcare 16.7%
Management, Business, & Financial 33.3%
Natural Resources Maintenance 16.7%
Production & Transportation 16.7%
Sales & Office 16.7%
Social 0.0%
Other -0.0%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 18.9%
15-19 5.4%
20-24 5.4%
25-44 18.9%
45-65 29.7%
66+ 21.6%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorā??s degree or higher.

Education Level % Distribution
Associates Degree 6.7%
High School 30.0%
Masters Degree 3.3%
Some College 33.3%
Some High School 10.0%
Other 16.7%

MILL CREEK Demographics

INDUSTRY

Industry % Distribution
Construction 8.3%
Educational Services 8.3%
Health Care & Social Assistance 25.0%
Manufacturing 16.7%
Public Administration 8.3%
Retail & Wholesale Trader 8.3%
Other 25.0%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 30% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 18.9%
15-19 5.4%
20-24 5.4%
25-44 18.9%
45-65 29.7%
66+ 21.6%
OCCUPATION

Occupation % Distribution
Healthcare 16.7%
Management, Business, & Financial 33.3%
Natural Resources Maintenance 16.7%
Production & Transportation 16.7%
Sales & Office 16.7%
Social 0.0%
Other -0.0%
HIGHEST EDUCATION LEVEL

10% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.7%
High School 30.0%
Masters Degree 3.3%
Some College 33.3%
Some High School 10.0%
Other 16.7%

38308 Scenic Ave Comps

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38308 Scenic Ave, Mineral, CA 96061 is a single family home of 987 sqft. HomeUnion INVESTimateĀ® for 38308 Scenic Ave includes a Price Estimate of $223,283 and a Rent Estimate of $1,212. This single family home has 3 bedrooms,1 bathrooms, and was built in 1938. This property has an estimated 15 year annualized Yield of 6.51% and Total Return of 22.18%. The estimated 1 year forecast in home value for 38308 Scenic Ave is 7.2%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , TEHAMA County , or the 96061 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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