Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

701 Tolman Dr Palo Alto, CA 94305

3 Beds 3 Baths 2,597 sqft Built 1970
Last updated:  Jun 30, 2018

INVESTimate

$2,652,230

$2.53M - $2.78M

Price Est.

$8,267

$7.5K - $9.0K

Rent Est.

$2,903,927  ( +9.49%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 11726 GREENSBROOK FOREST DRIVE Houston, TX
    • 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 2003
    AVAILABLE
    • 15.88% GROSS YIELD
    • $4,163 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $89,900
    • $29,574
    • $1,190
  • 4513 LILAC RD South Euclid, OH
    • 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1930 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1930
    AVAILABLE
    • 15.69% GROSS YIELD
    • $5,208 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $84,900
    • $28,248
    • $1,110
  • 447 EAST 275TH ST Euclid, OH
    • 3 beds 1 baths ∙ 1,282 Sqft ∙ Built 1952 3 beds 1 baths ∙ 1,282 Sqft ∙ Built 1952
    AVAILABLE
    • 15.52% GROSS YIELD
    • $5,120 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $75,000
    • $25,625
    • $970
  • 4880 EAST 85TH ST Garfield Heights, OH
    • 3 beds 2 baths ∙ 2,238 Sqft ∙ Built 1924 3 beds 2 baths ∙ 2,238 Sqft ∙ Built 1924
    AVAILABLE
    • 15.41% GROSS YIELD
    • $5,434 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $81,000
    • $27,215
    • $1,040

701 Tolman Dr PROPERTY INFO

FACTS
  • Built In 1970
  • Price/Sqft : $1,021.27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,597 sqft
  • Baths : 3 Full

701 Tolman Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LUCILLE M. NIXON ELEMENTARY SCHOOL Primary Regular 481 24 10
TERMAN MIDDLE SCHOOL Middle Regular 662 42 10
HENRY M. GUNN HIGH SCHOOL High Regular 1,854 103 10

LUCILLE M. NIXON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 481
  • # of teachers: 24
10
GreatSchools Rating

TERMAN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 662
  • # of teachers: 42
10
GreatSchools Rating

HENRY M. GUNN HIGH SCHOOL

  • Education Level: High
  • # of students: 1,854
  • # of teachers: 103
10
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

Stanford

  • 17,628

    POPULATION
  • 4,941

    HOUSEHOLDS
  • 97.0%

    WHITE COLLAR

Neighborhood : Stanford

HOUSEHOLDS
4,941
POPULATION

17,628

77.5%Renters
22.5%Home Owners
LABOR FORCE

 

97.0%White Collar
3.0%Blue Collar
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 $8,267 per month.

MY RENT : $8,267 MEDIAN RENT : $7,192

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $8,267 would therefore be considered affordable for annual household incomes greater than $330,680 (12 months x 3.333 x $8,267).

Rent % Affordability
Above $500 82.7%
Above $700 79.0%
Above $1,100 63.7%
Above $1,500 57.3%
Above $1,900 49.2%
HOUSEHOLD INCOME RANGE

Approximately -628 of households in this neighborhood have a total annual income of $330,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $8,267 per month.

MINIMUM INCOME RANGE : $330,680

Income % Distribution
<$20K 17.3%
$20K-$35K 13.0%
$35K-$60K 12.4%
$60K-$100K 17.9%
>=$100K 39.4%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 57% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 24.6%
10-14 mins 28.7%
15-19 mins 18.6%
20-29 mins 12.5%
30-44 mins 6.9%
45-59 mins 2.2%
>60 mins 2.6%
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 $8,267 per month.

MY RENT : $8,267 MEDIAN RENT : $7,192

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $8,267 would therefore be considered affordable for annual household incomes greater than $330,680 (12 months x 3.333 x $8,267).

Rent % Affordability
Above $500 82.7%
Above $700 79.0%
Above $1,100 63.7%
Above $1,500 57.3%
Above $1,900 49.2%
HOUSEHOLD INCOME RANGE

Approximately -628 of households in this neighborhood have a total annual income of $330,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $8,267 per month.

MINIMUM INCOME RANGE : $330,680

Income % Distribution
<$20K 17.3%
$20K-$35K 13.0%
$35K-$60K 12.4%
$60K-$100K 17.9%
>=$100K 39.4%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 57% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 24.6%
10-14 mins 28.7%
15-19 mins 18.6%
20-29 mins 12.5%
30-44 mins 6.9%
45-59 mins 2.2%
>60 mins 2.6%

Stanford Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 5.4%
Educational Services 55.8%
Health Care & Social Assistance 10.1%
Manufacturing 2.8%
Professional & Scientific Tech Services 11.2%
Retail & Wholesale Trader 3.7%
Other 11.0%
AGE DISTRIBUTION

33% of the population is between the ages of 25 and 64, 59% is 24 or younger and 8% is 65 or older.

Age % Distribution
<15 8.4%
15-19 21.1%
20-24 29.0%
25-44 26.0%
45-65 7.1%
66+ 8.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 23.1%
Construction 34.0%
Healthcare 10.8%
Legal 3.6%
Management, Business, & Financial 16.0%
Sales & Office 5.9%
Other 6.7%
HIGHEST EDUCATION LEVEL

60% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 18.5%
High School 2.5%
Masters Degree 28.0%
Professional 12.6%
Some College 4.4%
Other 34.0%

701 Tolman Dr Comps

Sorry, we do not have sufficient data available.

701 Tolman Dr, Palo Alto, CA 94305 is a single family home of 2,597 sqft. HomeUnion INVESTimateĀ® for 701 Tolman Dr includes a Price Estimate of $2,652,230 and a Rent Estimate of $8,267. This single family home has 3 bedrooms,3 bathrooms, and was built in 1970. This property has an estimated 15 year annualized Yield of 3.74% and Total Return of 25.14%. The estimated 1 year forecast in home value for 701 Tolman Dr 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 94305 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 94304
  2. 94306
  3. 94301
  4. 94022
  5. 94025
  6. 94303