Sell Your Property

Easily Access a network of motivated buyers
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.

...MORE

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.

7014 Hewitt Ave Palermo, CA 95968

2 Beds 2 Baths 980 sqft Built 1988
Last updated:  Jan 23, 2020

INVESTimate

$102,143

$87.1K - $117K

Price Est.

$1,115

$1.0K - $1.2K

Rent Est.

$109,487  ( +7.19%)   1 YR EST. FORECAST

7014 Hewitt Ave PROPERTY INFO

FACTS
  • Built In 1988
  • Price/Sqft : $104.23
CONSTRUCTION
  • Beds : 2
  • Floor Size : 980 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
7014 Hewitt Ave, Palermo, CA 95968 is a single family home of 980 sqft. HomeUnion estimate for 7014 Hewitt Ave includes a Price Estimate of $102,143 and a Rent Estimate of $1,115. This single family home has 2 bedrooms, 2 bathrooms, and was built in 1988. This property has an estimated 15 year annualized Yield of 13.10% and Total Return of 33.05%. The estimated 1 year forecast in home value for 7014 Hewitt Ave is 7.19%.
  
  
  

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

  • 3301 HENDERSON MILL ROAD Atlanta, GA
    • 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units
    AVAILABLE fmls
    • 13.98% GROSS YIELD
    • $7,359 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $170,000
    • $50,800
    • $1,980
  • 2032 GLENRIDGE DRIVE Indianapolis, IN
    • 4 beds 1 baths ∙ 1,820 Sqft ∙ Built 1949 ∙ 1units 4 beds 1 baths ∙ 1,820 Sqft ∙ Built 1949 ∙ 1units
    AVAILABLE
    • 12.40% GROSS YIELD
    • $5,248 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $90,000
    • $29,600
    • $930
  • 6714 W FUQUA DRIVE Houston, TX
    • 2 beds 2 baths ∙ 2,500 Sqft ∙ Built 1972 ∙ 2units 2 beds 2 baths ∙ 2,500 Sqft ∙ Built 1972 ∙ 2units
    AVAILABLE
    • 12.01% GROSS YIELD
    • $12,593 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $219,900
    • $69,774
    • $2,200
  • 2228 MEADOWLARK LANE Gainesville, TX
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2001 ∙ 1units 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2001 ∙ 1units
    AVAILABLE
    • 11.91% GROSS YIELD
    • $7,753 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $135,000
    • $41,525
    • $1,340

7014 Hewitt Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HELEN M. WILCOX ELEMENTARY SCHOOL Primary Regular 587 32 6
PALERMO Middle Regular 402 19 3
LAS PLUMAS HIGH SCHOOL High Regular 1,263 52 NA

HELEN M. WILCOX ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 587
  • # of teachers: 32
6
GreatSchools Rating

PALERMO

  • Education Level: Middle
  • # of students: 402
  • # of teachers: 19
3
GreatSchools Rating

LAS PLUMAS HIGH SCHOOL

  • Education Level: High
  • # of students: 1,263
  • # of teachers: 52
-1
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

PALERMO

  • 1,284

    POPULATION
  • 450

    HOUSEHOLDS
  • 30.2%

    WHITE COLLAR

Neighborhood : PALERMO

HOUSEHOLDS
450
POPULATION

1,284

26.9%Renters
73.1%Home Owners
LABOR FORCE

 

30.2%White Collar
69.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,115 per month.

MY RENT : $1,115 MEDIAN RENT : $1,174

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 8.0%
$900-999 21.6%
$1,000-1,499 54.5%
>=$1,500 15.8%
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 $1,115 would therefore be considered affordable for annual household incomes greater than $44,600 (12 months x 3.333 x $1,115).

Rent % Affordability
Above $500 73.0%
Above $700 61.2%
Above $1,100 45.2%
Above $1,500 25.7%
Above $1,900 12.8%
HOUSEHOLD INCOME RANGE

Approximately 145 of households in this neighborhood have a total annual income of $44,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,115 per month.

MINIMUM INCOME RANGE : $44,600

Income % Distribution
<$20K 27.0%
$20K-$35K 21.0%
$35K-$60K 26.3%
$60K-$100K 21.2%
>=$100K 4.5%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 42% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.0%
5-9 mins 13.3%
10-14 mins 26.3%
15-19 mins 11.0%
20-29 mins 24.7%
30-44 mins 20.2%
45-59 mins 2.6%
>60 mins 0.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 58% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,115 per month.

MY RENT : $1,115 MEDIAN RENT : $1,174

Rent % Distribution
$500-699 0.0%
$700-899 8.0%
$900-999 21.6%
$1,000-1,499 54.5%
>=$1,500 15.8%
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 $1,115 would therefore be considered affordable for annual household incomes greater than $44,600 (12 months x 3.333 x $1,115).

Rent % Affordability
Above $500 73.0%
Above $700 61.2%
Above $1,100 45.2%
Above $1,500 25.7%
Above $1,900 12.8%
HOUSEHOLD INCOME RANGE

Approximately 145 of households in this neighborhood have a total annual income of $44,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,115 per month.

MINIMUM INCOME RANGE : $44,600

Income % Distribution
<$20K 27.0%
$20K-$35K 21.0%
$35K-$60K 26.3%
$60K-$100K 21.2%
>=$100K 4.5%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 42% has a commute time of 14 minutes or less and 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.0%
5-9 mins 13.3%
10-14 mins 26.3%
15-19 mins 11.0%
20-29 mins 24.7%
30-44 mins 20.2%
45-59 mins 2.6%
>60 mins 0.0%

PALERMO Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.7%
Agriculture, Fishing & Game 12.2%
Arts & Entertainment 7.0%
Health Care & Social Assistance 18.5%
Manufacturing 13.4%
Retail & Wholesale Trader 13.1%
Other 27.9%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 33% is 24 or younger and 19% is 65 or older.

Age % Distribution
<15 18.8%
15-19 6.5%
20-24 7.9%
25-44 22.6%
45-65 25.1%
66+ 19.2%
OCCUPATION

Occupation % Distribution
Clean 21.8%
Construction 6.7%
Healthcare 13.5%
Natural Resources Maintenance 13.9%
Production & Transportation 21.0%
Sales & Office 17.5%
Other 5.6%
HIGHEST EDUCATION LEVEL

9% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.4%
High School 32.3%
Masters Degree 0.8%
Some College 28.1%
Some High School 28.8%
Other 1.5%

7014 Hewitt Ave Comps

Sorry, we do not have sufficient data available.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA , BUTTE County , or the 95968 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 95966
  2. 95965