INVESTimate
$210,667
Financial Details800 Spring St PROPERTY INFO
FACTS
- Built In 1962
- Price/Sqft : $310.57
CONSTRUCTION
- Beds : 3
- Floor Size : 2,420 sqft
- Baths : 3 Full 1 Half
PROPERTY DESCRIPTION
800 Spring St, Oak View, CA 93022 is a single family home of 2,420 sqft. HomeUnion estimate for 800 Spring St includes a Price Estimate of $751,575 and a Rent Estimate of $3,898. This single family home has 3 bedrooms, 4 bathrooms, and was built in 1962. This property has an estimated 15 year annualized Yield of 6.22% and Total Return of 21.39%. The estimated 1 year forecast in home value for 800 Spring St is 5.18%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
800 Spring St SCHOOLS
Financial Details
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OAK VIEW
Neighborhood : OAK VIEW
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 $3,898 per month.
MY RENT : $3,898 MEDIAN RENT : $2,881
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 $3,898 would therefore be considered affordable for annual household incomes greater than $155,920 (12 months x 3.333 x $3,898).
HOUSEHOLD INCOME RANGE
Approximately 336 of households in this neighborhood have a total annual income of $155,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,898 per month.
MINIMUM INCOME RANGE : $155,920
COMMUTE TIME DISTRIBUTION
60% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.
OAK VIEW Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 10.8% |
| Construction | 13.7% |
| Educational Services | 8.6% |
| Health Care & Social Assistance | 11.2% |
| Professional & Scientific Tech Services | 10.0% |
| Retail & Wholesale Trader | 14.0% |
| Other | 31.8% |
AGE DISTRIBUTION
55% of the population is between the ages of 25 and 64, 28% is 24 or younger and 17% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 14.7% |
| 15-19 | 6.6% |
| 20-24 | 6.3% |
| 25-44 | 25.1% |
| 45-65 | 30.1% |
| 66+ | 17.3% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 7.1% |
| Healthcare | 7.5% |
| Management, Business, & Financial | 18.9% |
| Natural Resources Maintenance | 9.2% |
| Production & Transportation | 11.4% |
| Sales & Office | 18.3% |
| Other | 27.6% |
HIGHEST EDUCATION LEVEL
18% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.7% |
| High School | 20.6% |
| Masters Degree | 5.9% |
| Some College | 27.5% |
| Some High School | 13.5% |
| Other | 22.9% |
800 Spring St Comps
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