42911 Montello Dr PROPERTY INFO
FACTS
- Built In 1989
- Price/Sqft : $187.48
CONSTRUCTION
- Beds : 4
- Floor Size : 2,153 sqft
- Baths : 3 Full
PROPERTY DESCRIPTION
42911 Montello Dr, Elizabeth Lake, CA 93532 is a single family home of 2,153 sqft. HomeUnion estimate for 42911 Montello Dr includes a Price Estimate of $403,647 and a Rent Estimate of $2,483. This single family home has 4 bedrooms, 3 bathrooms, and was built in 1989. This property has an estimated 15 year annualized Yield of 7.38% and Total Return of 39.33%. The estimated 1 year forecast in home value for 42911 Montello Dr is 12.59%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
42911 Montello Dr SCHOOLS
Financial Details
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LAKE HUGHES
Neighborhood : LAKE HUGHES
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 $2,483 per month.
MY RENT : $2,483 MEDIAN RENT : $1,904
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 $2,483 would therefore be considered affordable for annual household incomes greater than $99,320 (12 months x 3.333 x $2,483).
HOUSEHOLD INCOME RANGE
Approximately 283 of households in this neighborhood have a total annual income of $99,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,483 per month.
MINIMUM INCOME RANGE : $99,320
COMMUTE TIME DISTRIBUTION
52% of the working population has a commute time of 15 to 44 minutes, 11% has a commute time of 14 minutes or less and 37% has a commute time of 45 minutes or longer.
LAKE HUGHES Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 9.1% |
Construction | 10.5% |
Health Care & Social Assistance | 8.0% |
Manufacturing | 15.6% |
Professional & Scientific Tech Services | 9.4% |
Retail & Wholesale Trader | 9.9% |
Other | 37.5% |
AGE DISTRIBUTION
55% of the population is between the ages of 25 and 64, 29% is 24 or younger and 16% is 65 or older.
Age | % Distribution |
---|---|
<15 | 15.2% |
15-19 | 9.9% |
20-24 | 3.5% |
25-44 | 19.7% |
45-65 | 35.7% |
66+ | 15.9% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 6.2% |
Management, Business, & Financial | 12.8% |
Natural Resources Maintenance | 17.2% |
PCare | 8.2% |
Production & Transportation | 9.7% |
Sales & Office | 27.4% |
Other | 18.5% |
HIGHEST EDUCATION LEVEL
16% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 8.8% |
High School | 36.0% |
Masters Degree | 4.9% |
Some College | 30.2% |
Some High School | 9.1% |
Other | 11.0% |
42911 Montello Dr Comps
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