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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

40052 Grand Ave Cherry Valley, CA 92223

3 Beds 3 Baths 3,282 sqft Built 2006
Last updated:  Dec 26, 2019

INVESTimate

$474,323

$461K - $488K

Price Est.

$2,678

$2.6K - $2.8K

Rent Est.

$518,293  ( +9.27%)   1 YR EST. FORECAST
  
  
  

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40052 Grand Ave PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $144.52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,282 sqft
  • Baths : 3 Full

40052 Grand Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
STARLIGHT ELEMENTARY SCHOOL Primary Unknown NA
SAN GORGONIO MIDDLE SCHOOL Middle Regular 1,057 38 5
BEAUMONT SENIOR HIGH SCHOOL High Regular 2,431 84 6

STARLIGHT ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

SAN GORGONIO MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,057
  • # of teachers: 38
5
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

  • 6,728

    POPULATION
  • 2,654

    HOUSEHOLDS
  • 61.0%

    WHITE COLLAR

Neighborhood : Cherry Valley

HOUSEHOLDS
2,654
POPULATION

6,728

24.6%Renters
75.4%Home Owners
LABOR FORCE

 

61.0%White Collar
39.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 82% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,678 per month.

MY RENT : $2,678 MEDIAN RENT : $1,733

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 18.0%
>=$1,500 82.0%
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 $2,678 would therefore be considered affordable for annual household incomes greater than $107,120 (12 months x 3.333 x $2,678).

Rent % Affordability
Above $500 84.7%
Above $700 75.2%
Above $1,100 57.9%
Above $1,500 42.8%
Above $1,900 33.7%
HOUSEHOLD INCOME RANGE

Approximately 339 of households in this neighborhood have a total annual income of $107,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,678 per month.

MINIMUM INCOME RANGE : $107,120

Income % Distribution
<$20K 15.3%
$20K-$35K 18.3%
$35K-$60K 23.5%
$60K-$100K 20.5%
>=$100K 22.3%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 6.8%
10-14 mins 15.5%
15-19 mins 10.4%
20-29 mins 14.3%
30-44 mins 26.8%
45-59 mins 17.3%
>60 mins 7.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 82% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,678 per month.

MY RENT : $2,678 MEDIAN RENT : $1,733

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 18.0%
>=$1,500 82.0%
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 $2,678 would therefore be considered affordable for annual household incomes greater than $107,120 (12 months x 3.333 x $2,678).

Rent % Affordability
Above $500 84.7%
Above $700 75.2%
Above $1,100 57.9%
Above $1,500 42.8%
Above $1,900 33.7%
HOUSEHOLD INCOME RANGE

Approximately 339 of households in this neighborhood have a total annual income of $107,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,678 per month.

MINIMUM INCOME RANGE : $107,120

Income % Distribution
<$20K 15.3%
$20K-$35K 18.3%
$35K-$60K 23.5%
$60K-$100K 20.5%
>=$100K 22.3%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 6.8%
10-14 mins 15.5%
15-19 mins 10.4%
20-29 mins 14.3%
30-44 mins 26.8%
45-59 mins 17.3%
>60 mins 7.4%

Cherry Valley Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.3%
Construction 8.6%
Educational Services 9.1%
Health Care & Social Assistance 16.2%
Manufacturing 8.1%
Retail & Wholesale Trader 10.7%
Other 39.1%
AGE DISTRIBUTION

44% of the population is between the ages of 25 and 64, 24% is 24 or younger and 32% is 65 or older.

Age % Distribution
<15 12.3%
15-19 6.2%
20-24 5.6%
25-44 17.5%
45-65 26.7%
66+ 31.6%
OCCUPATION

Occupation % Distribution
Healthcare 6.4%
Management, Business, & Financial 19.3%
Natural Resources Maintenance 12.9%
Production & Transportation 14.7%
Sales & Office 20.2%
Social 5.7%
Other 20.9%
HIGHEST EDUCATION LEVEL

19% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.1%
High School 27.0%
Masters Degree 6.0%
Some College 27.4%
Some High School 15.9%
Other 14.6%

40052 Grand Ave Comps

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40052 Grand Ave, Cherry Valley, CA 92223 is a single family home of 3,282 sqft. HomeUnion INVESTimateĀ® for 40052 Grand Ave includes a Price Estimate of $474,323 and a Rent Estimate of $2,678. This single family home has 3 bedrooms,3 bathrooms, and was built in 2006. This property has an estimated 15 year annualized Yield of 6.78% and Total Return of 27.30%. The estimated 1 year forecast in home value for 40052 Grand Ave is 9.27%.

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