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

940 Scott St Palo Alto, CA 94301

5 Beds 5 Baths 3,645 sqft Built 2012
Last updated:  Dec 26, 2019

INVESTimate

$4,601,111

$4.31M - $4.89M

Price Est.

$13,659

$12.1K - $15.2K

Rent Est.

$5,000,948  ( +8.69%)   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
  • 14409 CORRIDON AVE Maple Heights, OH
    • 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1952 3 beds 2 baths ∙ 1,134 Sqft ∙ Built 1952
    AVAILABLE
    • 15.21% GROSS YIELD
    • $4,485 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $71,000
    • $24,565
    • $900
  • 12914 Rockside Rd Garfield Heights, OH
    • 3 beds 2 baths ∙ 1,131 Sqft ∙ Built 1949 3 beds 2 baths ∙ 1,131 Sqft ∙ Built 1949
    AVAILABLE
    • 14.90% GROSS YIELD
    • $4,929 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $74,921
    • $25,604
    • $930
  • 5540 GARDEN ST Maple Heights, OH
    • 3 beds 2 baths ∙ 1,058 Sqft ∙ Built 1924 3 beds 2 baths ∙ 1,058 Sqft ∙ Built 1924
    AVAILABLE
    • 14.69% GROSS YIELD
    • $4,653 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $71,900
    • $24,804
    • $880

940 Scott St PROPERTY INFO

FACTS
  • Built In 2012
  • Price/Sqft : $1,262.31
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,645 sqft
  • Baths : 4 Full 1 Half

940 Scott St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ADDISON ELEMENTARY SCHOOL Primary Regular 473 22 10
DAVID STARR JORDAN MIDDLE SCHOOL Middle Regular 1,012 62 10
PALO ALTO HIGH SCHOOL High Regular 1,887 104 10

ADDISON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 473
  • # of teachers: 22
10
GreatSchools Rating

DAVID STARR JORDAN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,012
  • # of teachers: 62
10
GreatSchools Rating

PALO ALTO HIGH SCHOOL

  • Education Level: High
  • # of students: 1,887
  • # of teachers: 104
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

University South

  • 3,530

    POPULATION
  • 1,789

    HOUSEHOLDS
  • 87.7%

    WHITE COLLAR

Neighborhood : University South

HOUSEHOLDS
1,789
POPULATION

3,530

70.7%Renters
29.3%Home Owners
LABOR FORCE

 

87.7%White Collar
12.3%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 $13,659 per month.

MY RENT : $13,659 MEDIAN RENT : $5,436

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 $13,659 would therefore be considered affordable for annual household incomes greater than $546,360 (12 months x 3.333 x $13,659).

Rent % Affordability
Above $500 85.0%
Above $700 81.0%
Above $1,100 66.9%
Above $1,500 60.0%
Above $1,900 54.8%
HOUSEHOLD INCOME RANGE

Approximately -984 of households in this neighborhood have a total annual income of $546,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $13,659 per month.

MINIMUM INCOME RANGE : $546,360

Income % Distribution
<$20K 15.0%
$20K-$35K 8.5%
$35K-$60K 16.5%
$60K-$100K 13.6%
>=$100K 46.4%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.1%
5-9 mins 10.4%
10-14 mins 24.7%
15-19 mins 15.2%
20-29 mins 16.2%
30-44 mins 18.0%
45-59 mins 6.9%
>60 mins 5.5%
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 $13,659 per month.

MY RENT : $13,659 MEDIAN RENT : $5,436

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 $13,659 would therefore be considered affordable for annual household incomes greater than $546,360 (12 months x 3.333 x $13,659).

Rent % Affordability
Above $500 85.0%
Above $700 81.0%
Above $1,100 66.9%
Above $1,500 60.0%
Above $1,900 54.8%
HOUSEHOLD INCOME RANGE

Approximately -984 of households in this neighborhood have a total annual income of $546,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $13,659 per month.

MINIMUM INCOME RANGE : $546,360

Income % Distribution
<$20K 15.0%
$20K-$35K 8.5%
$35K-$60K 16.5%
$60K-$100K 13.6%
>=$100K 46.4%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 38% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.1%
5-9 mins 10.4%
10-14 mins 24.7%
15-19 mins 15.2%
20-29 mins 16.2%
30-44 mins 18.0%
45-59 mins 6.9%
>60 mins 5.5%

University South Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.9%
Educational Services 14.2%
Health Care & Social Assistance 7.9%
Information 8.1%
Professional & Scientific Tech Services 20.5%
Retail & Wholesale Trader 12.0%
Other 27.4%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 19% is 24 or younger and 25% is 65 or older.

Age % Distribution
<15 10.6%
15-19 4.2%
20-24 4.5%
25-44 31.9%
45-65 23.4%
66+ 25.4%
OCCUPATION

Occupation % Distribution
Clean 4.1%
Computer Engineering 23.5%
Healthcare 6.9%
Management, Business, & Financial 34.7%
PCare 5.7%
Sales & Office 14.0%
Other 11.1%
HIGHEST EDUCATION LEVEL

53% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 11.9%
High School 11.6%
Masters Degree 27.3%
Professional 9.6%
Some College 9.5%
Other 30.0%

940 Scott St Comps

Sorry, we do not have sufficient data available.

940 Scott St, Palo Alto, CA 94301 is a single family home of 3,645 sqft. HomeUnion INVESTimateĀ® for 940 Scott St includes a Price Estimate of $4,601,111 and a Rent Estimate of $13,659. This single family home has 5 bedrooms,5 bathrooms, and was built in 2012. This property has an estimated 15 year annualized Yield of 3.56% and Total Return of 21.15%. The estimated 1 year forecast in home value for 940 Scott St is 8.69%.

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 94301 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 94306
  2. 94303
  3. 94025
  4. 94304
  5. 94305
  6. 94027