Financials
INVESTimate
$965,385
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671 Toyon Pl PROPERTY INFO
FACTS
- Built In 1972
- Price/Sqft : $1,612.71
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 $6,862 per month.
MY RENT : $6,862 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 $6,862 would therefore be considered affordable for annual household incomes greater than $274,480 (12 months x 3.333 x $6,862).
HOUSEHOLD INCOME RANGE
Approximately -65 of households in this neighborhood have a total annual income of $274,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $6,862 per month.
MINIMUM INCOME RANGE : $274,480
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 INVESTimateĀ® for 671 Toyon Pl includes a Price Estimate of $3,599,565 and a Rent Estimate of $6,862. This single family home has 3 bedrooms,3 bathrooms, and was built in 1972. This property has an estimated 15 year annualized Yield of 2.29% and Total Return of 19.36%. The estimated 1 year forecast in home value for 671 Toyon Pl is 10.55%.
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
