1. < Chippewa St

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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.

42941 Chippewa St Lake Hughes, CA 93532

3 Beds 2 Baths 1,334 sqft Built 1986
Last updated:  Jan 23, 2020

INVESTimate

$331,430

$310K - $353K

Price Est.

$1,845

$1.6K - $2.1K

Rent Est.

$99,329

Investment Est.

$373,157  ( +12.59%)   1 YR EST. FORECAST

42941 Chippewa St PROPERTY INFO

FACTS
  • Built In 1986
  • Price/Sqft : $248.45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,334 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
42941 Chippewa St, Lake Hughes, CA 93532 is a single family home of 1,334 sqft. HomeUnion estimate for 42941 Chippewa St includes a Price Estimate of $331,430 and a Rent Estimate of $1,845. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1986. This property has an estimated 15 year annualized Yield of 6.68% and Total Return of 36.84%. The estimated 1 year forecast in home value for 42941 Chippewa St is 12.59%.

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42941 Chippewa St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
QUARTZ HILL HIGH SCHOOL High Regular 3,146 121 7

QUARTZ HILL HIGH SCHOOL

  • Education Level: High
  • # of students: 3,146
  • # of teachers: 121
7
GreatSchools Rating
 

Financial Details

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Neighborhood

LAKE HUGHES

  • 2,655

    POPULATION

  • 1,007

    HOUSEHOLDS

  • 52.5%

    WHITE COLLAR

Neighborhood : LAKE HUGHES

HOUSEHOLDS
1,007
POPULATION

2,655

25.3%Renters
74.7%Home Owners
LABOR FORCE

 

52.5%White Collar
47.5%Blue Collar
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 $1,845 per month.

MY RENT : $1,845 MEDIAN RENT : $1,902

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 11.9%
>=$1,500 88.1%
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 $1,845 would therefore be considered affordable for annual household incomes greater than $73,800 (12 months x 3.333 x $1,845).

Rent % Affordability
Above $500 80.6%
Above $700 75.5%
Above $1,100 59.8%
Above $1,500 48.5%
Above $1,900 37.1%
HOUSEHOLD INCOME RANGE

Approximately 304 of households in this neighborhood have a total annual income of $73,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,845 per month.

MINIMUM INCOME RANGE : $73,800

Income % Distribution
<$20K 19.4%
$20K-$35K 10.9%
$35K-$60K 21.2%
$60K-$100K 24.9%
>=$100K 23.7%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 35% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 4.9%
10-14 mins 6.5%
15-19 mins 4.5%
20-29 mins 12.4%
30-44 mins 36.0%
45-59 mins 8.6%
>60 mins 25.9%
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 $1,845 per month.

MY RENT : $1,845 MEDIAN RENT : $1,902

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 11.9%
>=$1,500 88.1%
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 $1,845 would therefore be considered affordable for annual household incomes greater than $73,800 (12 months x 3.333 x $1,845).

Rent % Affordability
Above $500 80.6%
Above $700 75.5%
Above $1,100 59.8%
Above $1,500 48.5%
Above $1,900 37.1%
HOUSEHOLD INCOME RANGE

Approximately 304 of households in this neighborhood have a total annual income of $73,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,845 per month.

MINIMUM INCOME RANGE : $73,800

Income % Distribution
<$20K 19.4%
$20K-$35K 10.9%
$35K-$60K 21.2%
$60K-$100K 24.9%
>=$100K 23.7%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 13% has a commute time of 14 minutes or less and 35% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 4.9%
10-14 mins 6.5%
15-19 mins 4.5%
20-29 mins 12.4%
30-44 mins 36.0%
45-59 mins 8.6%
>60 mins 25.9%
LAKE HUGHES Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 8.4%
Construction 9.8%
Health Care & Social Assistance 9.6%
Manufacturing 14.0%
Professional & Scientific Tech Services 9.0%
Transportation 8.2%
Other 41.0%
OCCUPATION

           

Occupation % Distribution
Computer Engineering 6.2%
Management, Business, & Financial 18.1%
Natural Resources Maintenance 13.9%
PCare 7.3%
Production & Transportation 12.2%
Sales & Office 24.1%
Other 18.3%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 14.7%
15-19 9.4%
20-24 3.8%
25-44 20.6%
45-65 36.2%
66+ 15.2%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level % Distribution
Associates Degree 9.5%
High School 35.2%
Masters Degree 4.3%
Some College 29.8%
Some High School 8.4%
Other 12.8%

LAKE HUGHES Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.4%
Construction 9.8%
Health Care & Social Assistance 9.6%
Manufacturing 14.0%
Professional & Scientific Tech Services 9.0%
Transportation 8.2%
Other 41.0%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 28% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 14.7%
15-19 9.4%
20-24 3.8%
25-44 20.6%
45-65 36.2%
66+ 15.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.2%
Management, Business, & Financial 18.1%
Natural Resources Maintenance 13.9%
PCare 7.3%
Production & Transportation 12.2%
Sales & Office 24.1%
Other 18.3%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.5%
High School 35.2%
Masters Degree 4.3%
Some College 29.8%
Some High School 8.4%
Other 12.8%

42941 Chippewa 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 , LOS ANGELES County , or the 93532 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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