Financial Details40884 Oregon Trl PROPERTY INFO
FACTS
- Built In 1977
- Price/Sqft : $153.33
CONSTRUCTION
- Beds : 2
- Floor Size : 1,560 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
40884 Oregon Trl, Cherry Valley, CA 92223 is a single family home of 1,560 sqft. HomeUnion estimate for 40884 Oregon Trl includes a Price Estimate of $239,200 and a Rent Estimate of $1,506. This single family home has 2 bedrooms, 2 bathrooms, and was built in 1977. This property has an estimated 15 year annualized Yield of 7.56% and Total Return of 31.26%. The estimated 1 year forecast in home value for 40884 Oregon Trl is 9.27%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
40884 Oregon Trl SCHOOLS
Financial Details
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Cherry Valley
Neighborhood : Cherry 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 $1,506 per month.
MY RENT : $1,506 MEDIAN RENT : $1,733
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 $1,506 would therefore be considered affordable for annual household incomes greater than $60,240 (12 months x 3.333 x $1,506).
HOUSEHOLD INCOME RANGE
Approximately 809 of households in this neighborhood have a total annual income of $60,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,506 per month.
MINIMUM INCOME RANGE : $60,240
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.
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% |
40884 Oregon Trl Comps
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