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This page contains information about each property aggregated from public data sources, 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.

40650 Lincoln St Cherry Valley, CA 92223

4 Beds 3 Baths 2,392 sqft Built 2005
Last updated:  Dec 26, 2019

INVESTimate

$434,516

$422K - $447K

Price Est.

$2,508

$2.4K - $2.6K

Rent Est.

$466,627  ( +7.39%)   1 YR EST. FORECAST

40650 Lincoln St PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $181.65
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,392 sqft
  • Baths : 2 Full 1 Half
PROPERTY DESCRIPTION
40650 Lincoln St, Cherry Valley, CA 92223 is a single family home of 2,392 sqft. HomeUnion estimate for 40650 Lincoln St includes a Price Estimate of $434,516 and a Rent Estimate of $2,508. This single family home has 4 bedrooms, 3 bathrooms, and was built in 2005. This property has an estimated 15 year annualized Yield of 6.93% and Total Return of 25.17%. The estimated 1 year forecast in home value for 40650 Lincoln St is 7.39%.
  
  
  

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40650 Lincoln St 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

Apple Valley

  • 690

    POPULATION
  • 249

    HOUSEHOLDS
  • 72.5%

    WHITE COLLAR

Neighborhood : Apple Valley

HOUSEHOLDS
249
POPULATION

690

15.2%Renters
84.8%Home Owners
LABOR FORCE

 

72.5%White Collar
27.5%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 $2,508 per month.

MY RENT : $2,508 MEDIAN RENT : $1,717

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 17.7%
>=$1,500 82.3%
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 $2,508 would therefore be considered affordable for annual household incomes greater than $100,320 (12 months x 3.333 x $2,508).

Rent % Affordability
Above $500 85.3%
Above $700 75.3%
Above $1,100 55.0%
Above $1,500 35.9%
Above $1,900 31.0%
HOUSEHOLD INCOME RANGE

Approximately 28 of households in this neighborhood have a total annual income of $100,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,508 per month.

MINIMUM INCOME RANGE : $100,320

Income % Distribution
<$20K 14.7%
$20K-$35K 20.3%
$35K-$60K 29.1%
$60K-$100K 17.1%
>=$100K 18.7%
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.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 0.0%
10-14 mins 6.0%
15-19 mins 13.7%
20-29 mins 4.9%
30-44 mins 46.7%
45-59 mins 25.8%
>60 mins 0.5%
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 $2,508 per month.

MY RENT : $2,508 MEDIAN RENT : $1,717

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 17.7%
>=$1,500 82.3%
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 $2,508 would therefore be considered affordable for annual household incomes greater than $100,320 (12 months x 3.333 x $2,508).

Rent % Affordability
Above $500 85.3%
Above $700 75.3%
Above $1,100 55.0%
Above $1,500 35.9%
Above $1,900 31.0%
HOUSEHOLD INCOME RANGE

Approximately 28 of households in this neighborhood have a total annual income of $100,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,508 per month.

MINIMUM INCOME RANGE : $100,320

Income % Distribution
<$20K 14.7%
$20K-$35K 20.3%
$35K-$60K 29.1%
$60K-$100K 17.1%
>=$100K 18.7%
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.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 0.0%
10-14 mins 6.0%
15-19 mins 13.7%
20-29 mins 4.9%
30-44 mins 46.7%
45-59 mins 25.8%
>60 mins 0.5%

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%

40650 Lincoln St Comps

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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

Nearest zipcodes within 2 miles

  1. 92220