Financials
671 Toyon Pl Palo Alto, CA 94306
INVESTimate
$887,866
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671 Toyon Pl PROPERTY INFO
FACTS
- Built In 1972
- Price/Sqft : $1,481.65
CONSTRUCTION
- Beds : 3
- Floor Size : 2,232 sqft
- Baths : 3 Full
671 Toyon Pl SCHOOLS
Financial Details
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South of Midtown
Neighborhood : South of Midtown
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $6,718 per month.
MY RENT : $6,718 MEDIAN RENT : $5,687
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 $6,718 would therefore be considered affordable for annual household incomes greater than $268,720 (12 months x 3.333 x $6,718).
HOUSEHOLD INCOME RANGE
Approximately -50 of households in this neighborhood have a total annual income of $268,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $6,718 per month.
MINIMUM INCOME RANGE : $268,720
COMMUTE TIME DISTRIBUTION
63% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.
South of Midtown Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Educational Services | 18.8% |
| Health Care & Social Assistance | 12.5% |
| Information | 13.2% |
| Manufacturing | 10.8% |
| Professional & Scientific Tech Services | 23.8% |
| Retail & Wholesale Trader | 4.5% |
| Other | 16.3% |
AGE DISTRIBUTION
51% of the population is between the ages of 25 and 64, 35% is 24 or younger and 14% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 22.2% |
| 15-19 | 7.6% |
| 20-24 | 5.3% |
| 25-44 | 25.3% |
| 45-65 | 25.3% |
| 66+ | 14.3% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Adesm | 4.2% |
| Computer Engineering | 29.1% |
| Construction | 11.7% |
| Management, Business, & Financial | 29.4% |
| Natural Resources Maintenance | 3.8% |
| Sales & Office | 10.8% |
| Other | 10.9% |
HIGHEST EDUCATION LEVEL
54% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 4.8% |
| Doctorate | 13.2% |
| Masters Degree | 30.9% |
| Professional | 5.6% |
| Some College | 12.2% |
| Other | 33.3% |
671 Toyon Pl Comps
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671 Toyon Pl, Palo Alto, CA 94306 is a single family home of 2,232 sqft. HomeUnion INVESTimate® for 671 Toyon Pl includes a Price Estimate of $3,307,040 and a Rent Estimate of $6,718. This single family home has 3 bedrooms,3 bathrooms, and was built in 1972. This property has an estimated 15 year annualized Yield of 2.44% and Total Return of 15.26%. The estimated 1 year forecast in home value for 671 Toyon Pl is 9.49%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA, SANTA CLARA County, or the 94306 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
