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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.

9130 Road 224 Terra Bella, CA 93270

3 Beds 2 Baths 1,344 sqft Built 2018
Last updated:  Jan 23, 2020

INVESTimate

$214,639

$200K - $229K

Price Est.

$736

682 - 790

Rent Est.

$228,247  ( +6.34%)   1 YR EST. FORECAST

9130 Road 224 PROPERTY INFO

FACTS
  • Built In 2018
  • Price/Sqft : $159.70
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,344 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
9130 Road 224, Terra Bella, CA 93270 is a single family home of 1,344 sqft. HomeUnion estimate for 9130 Road 224 includes a Price Estimate of $214,639 and a Rent Estimate of $736. This single family home has 3 bedrooms, 2 bathrooms, and was built in 2018. This property has an estimated 15 year annualized Yield of 4.11% and Total Return of 14.03%. The estimated 1 year forecast in home value for 9130 Road 224 is 6.34%.
  
  
  

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9130 Road 224 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
TERRA BELLA ELEMENTARY SCHOOL Primary Regular 634 27 2
CARL SMITH MIDDLE SCHOOL Middle Regular 264 11 2
PORTERVILLE HIGH SCHOOL High Regular 1,822 67 5

TERRA BELLA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 634
  • # of teachers: 27
2
GreatSchools Rating

CARL SMITH MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 264
  • # of teachers: 11
2
GreatSchools Rating

PORTERVILLE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,822
  • # of teachers: 67
5
GreatSchools Rating
 

Financial Details

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Neighborhood

TERRA BELLA

  • 5,777

    POPULATION
  • 1,532

    HOUSEHOLDS
  • 44.8%

    WHITE COLLAR

Neighborhood : TERRA BELLA

HOUSEHOLDS
1,532
POPULATION

5,777

38.5%Renters
61.5%Home Owners
LABOR FORCE

 

44.8%White Collar
55.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $736 per month.

MY RENT : $736 MEDIAN RENT : $986

Rent % Distribution LEVEL
$500-699 5.7%
$700-899 36.0%
$900-999 9.9%
$1,000-1,499 42.0%
>=$1,500 6.4%
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 $736 would therefore be considered affordable for annual household incomes greater than $29,440 (12 months x 3.333 x $736).

Rent % Affordability
Above $500 62.9%
Above $700 54.3%
Above $1,100 42.3%
Above $1,500 26.8%
Above $1,900 20.7%
HOUSEHOLD INCOME RANGE

Approximately 2,765 of households in this neighborhood have a total annual income of $29,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $736 per month.

MINIMUM INCOME RANGE : $29,440

Income % Distribution
<$20K 37.1%
$20K-$35K 14.4%
$35K-$60K 21.6%
$60K-$100K 14.8%
>=$100K 12.0%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 11.4%
10-14 mins 6.2%
15-19 mins 25.6%
20-29 mins 20.2%
30-44 mins 11.7%
45-59 mins 4.6%
>60 mins 15.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $736 per month.

MY RENT : $736 MEDIAN RENT : $986

Rent % Distribution
$500-699 5.7%
$700-899 36.0%
$900-999 9.9%
$1,000-1,499 42.0%
>=$1,500 6.4%
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 $736 would therefore be considered affordable for annual household incomes greater than $29,440 (12 months x 3.333 x $736).

Rent % Affordability
Above $500 62.9%
Above $700 54.3%
Above $1,100 42.3%
Above $1,500 26.8%
Above $1,900 20.7%
HOUSEHOLD INCOME RANGE

Approximately 2,765 of households in this neighborhood have a total annual income of $29,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $736 per month.

MINIMUM INCOME RANGE : $29,440

Income % Distribution
<$20K 37.1%
$20K-$35K 14.4%
$35K-$60K 21.6%
$60K-$100K 14.8%
>=$100K 12.0%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.9%
5-9 mins 11.4%
10-14 mins 6.2%
15-19 mins 25.6%
20-29 mins 20.2%
30-44 mins 11.7%
45-59 mins 4.6%
>60 mins 15.3%

TERRA BELLA Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 49.0%
Arts & Entertainment 4.9%
Construction 7.0%
Educational Services 6.7%
Health Care & Social Assistance 7.9%
Retail & Wholesale Trader 8.2%
Other 16.4%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 43% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 25.0%
15-19 10.5%
20-24 7.7%
25-44 25.2%
45-65 21.5%
66+ 10.2%
OCCUPATION

Occupation % Distribution
Clean 6.3%
Management, Business, & Financial 19.7%
Natural Resources Maintenance 31.0%
Production & Transportation 18.7%
Sales & Office 9.5%
Social 3.7%
Other 11.2%
HIGHEST EDUCATION LEVEL

8% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.9%
High School 24.1%
Masters Degree 1.3%
Some College 15.5%
Some High School 47.1%
Other 6.0%

9130 Road 224 Comps

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