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This page contains aggregated information about each property, 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 about INVESTimate

5962 Lake Dr Angelus Oaks, CA 92305

2 Beds 1 Baths 600 sqft Built 1966
Last updated:  Jan 23, 2020

INVESTimate

$162,050

$151K - $174K

Price Est.

$1,049

958 - $1.1K

Rent Est.

$175,127  ( +8.07%)   1 YR EST. FORECAST
  
  
  

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5962 Lake Dr PROPERTY INFO

FACTS
  • Built In 1966
  • Price/Sqft : $270.08
CONSTRUCTION
  • Beds : 2
  • Floor Size : 600 sqft
  • Baths : 1 Full

5962 Lake Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BIG BEAR MIDDLE SCHOOL Middle Regular 381 16 5
BIG BEAR HIGH SCHOOL High Regular 823 40 5

BIG BEAR MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 381
  • # of teachers: 16
5
GreatSchools Rating

BIG BEAR HIGH SCHOOL

  • Education Level: High
  • # of students: 823
  • # of teachers: 40
5
GreatSchools Rating
 

Financial Details

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Neighborhood

ANGELUS OAKS

  • 482

    POPULATION
  • 230

    HOUSEHOLDS
  • 72.4%

    WHITE COLLAR

Neighborhood : ANGELUS OAKS

HOUSEHOLDS
230
POPULATION

482

26.7%Renters
73.3%Home Owners
LABOR FORCE

 

72.4%White Collar
27.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 75% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,049 per month.

MY RENT : $1,049 MEDIAN RENT : $1,270

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 4.9%
$900-999 15.9%
$1,000-1,499 46.9%
>=$1,500 32.3%
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 $1,049 would therefore be considered affordable for annual household incomes greater than $41,960 (12 months x 3.333 x $1,049).

Rent % Affordability
Above $500 89.5%
Above $700 82.5%
Above $1,100 67.9%
Above $1,500 58.1%
Above $1,900 47.3%
HOUSEHOLD INCOME RANGE

Approximately 144 of households in this neighborhood have a total annual income of $41,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,049 per month.

MINIMUM INCOME RANGE : $41,960

Income % Distribution
<$20K 10.5%
$20K-$35K 14.8%
$35K-$60K 16.6%
$60K-$100K 17.9%
>=$100K 40.2%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 9.7%
10-14 mins 0.7%
15-19 mins 9.0%
20-29 mins 36.1%
30-44 mins 18.1%
45-59 mins 9.0%
>60 mins 16.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 75% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,049 per month.

MY RENT : $1,049 MEDIAN RENT : $1,270

Rent % Distribution
$500-699 0.0%
$700-899 4.9%
$900-999 15.9%
$1,000-1,499 46.9%
>=$1,500 32.3%
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 $1,049 would therefore be considered affordable for annual household incomes greater than $41,960 (12 months x 3.333 x $1,049).

Rent % Affordability
Above $500 89.5%
Above $700 82.5%
Above $1,100 67.9%
Above $1,500 58.1%
Above $1,900 47.3%
HOUSEHOLD INCOME RANGE

Approximately 144 of households in this neighborhood have a total annual income of $41,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,049 per month.

MINIMUM INCOME RANGE : $41,960

Income % Distribution
<$20K 10.5%
$20K-$35K 14.8%
$35K-$60K 16.6%
$60K-$100K 17.9%
>=$100K 40.2%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 9.7%
10-14 mins 0.7%
15-19 mins 9.0%
20-29 mins 36.1%
30-44 mins 18.1%
45-59 mins 9.0%
>60 mins 16.0%

ANGELUS OAKS Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 17.1%
Educational Services 19.3%
Financial Industries 7.2%
Health Care & Social Assistance 13.3%
Public Administration 8.3%
Retail & Wholesale Trader 8.8%
Other 26.0%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 20% is 24 or younger and 24% is 65 or older.

Age % Distribution
<15 9.3%
15-19 5.6%
20-24 5.2%
25-44 17.4%
45-65 38.2%
66+ 24.3%
OCCUPATION

Occupation % Distribution
Adesm 10.3%
Construction 18.4%
Healthcare 12.5%
Management, Business, & Financial 11.0%
Protect 7.4%
Sales & Office 19.9%
Other 20.6%
HIGHEST EDUCATION LEVEL

34% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.9%
High School 13.1%
Masters Degree 22.4%
Some College 30.3%
Some High School 3.8%
Other 22.4%

5962 Lake Dr Comps

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5962 Lake Dr, Angelus Oaks, CA 92305 is a single family home of 600 sqft. HomeUnion INVESTimateĀ® for 5962 Lake Dr includes a Price Estimate of $162,050 and a Rent Estimate of $1,049. This single family home has 2 bedrooms,1 bathrooms, and was built in 1966. This property has an estimated 15 year annualized Yield of 7.77% and Total Return of 26.62%. The estimated 1 year forecast in home value for 5962 Lake Dr is 8.07%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , SAN BERNARDINO County , or the 92305 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 92376
  2. 92333