Financial Details40642 Grand Ave PROPERTY INFO
FACTS
- Built In 2002
- Price/Sqft : $191.66
CONSTRUCTION
- Beds : 4
- Floor Size : 2,343 sqft
- Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
40642 Grand Ave, Cherry Valley, CA 92223 is a single family home of 2,343 sqft. HomeUnion estimate for 40642 Grand Ave includes a Price Estimate of $449,069 and a Rent Estimate of $2,137. This single family home has 4 bedrooms, 3 bathrooms, and was built in 2002. This property has an estimated 15 year annualized Yield of 5.71% and Total Return of 21.57%. The estimated 1 year forecast in home value for 40642 Grand Ave is 7.39%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
40642 Grand Ave SCHOOLS
Financial Details
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Apple Valley
Neighborhood : Apple Valley
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 $2,137 per month.
MY RENT : $2,137 MEDIAN RENT : $1,717
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 $2,137 would therefore be considered affordable for annual household incomes greater than $85,480 (12 months x 3.333 x $2,137).
HOUSEHOLD INCOME RANGE
Approximately 53 of households in this neighborhood have a total annual income of $85,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,137 per month.
MINIMUM INCOME RANGE : $85,480
COMMUTE TIME DISTRIBUTION
65% of the working population has a commute time of 15 to 44 minutes, 8% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.
Apple Valley Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 8.0% |
| Educational Services | 7.6% |
| Health Care & Social Assistance | 15.5% |
| Real Estate | 12.6% |
| Retail & Wholesale Trader | 9.2% |
| Transportation | 19.3% |
| Other | 27.7% |
AGE DISTRIBUTION
35% of the population is between the ages of 25 and 64, 12% is 24 or younger and 53% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 7.1% |
| 15-19 | 2.9% |
| 20-24 | 2.0% |
| 25-44 | 7.8% |
| 45-65 | 27.1% |
| 66+ | 53.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 9.9% |
| Management, Business, & Financial | 31.4% |
| Natural Resources Maintenance | 11.6% |
| Production & Transportation | 16.5% |
| Sales & Office | 6.6% |
| Social | 15.7% |
| Other | 8.3% |
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 | 12.5% |
| High School | 24.7% |
| Masters Degree | 4.8% |
| Some College | 28.6% |
| Some High School | 14.7% |
| Other | 14.7% |
40642 Grand Ave Comps
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