Circle Dr
< Circle Dr
2333 Circle Dr Merced, CA 95340
2 Beds 1 Baths 964 sqft Built 1941
NOI $7,031
Yield 7.36%
7.15% Gross Yield $7,031 Net Operating Income NOI
7.36% Yield 4.90% Appreciation 26.86% TOTAL RETURN
Browse real estate investments on Circle Dr
2333 Circle Dr PROPERTY INFO
Floor Size : 964 sqft
Baths : 1 Full
2333 Circle Dr SCHOOLS
CHARLES WRIGHT ELEMENTARY SCHOOL Primary Regular 528 22 4
HERBERT HOOVER MIDDLE SCHOOL Middle Regular 904 32 2
CHARLES WRIGHT ELEMENTARY SCHOOL
HERBERT HOOVER MIDDLE SCHOOL
Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $824 per month.
MY RENT : $824 MEDIAN RENT : $1,384
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 $824 would therefore be considered affordable for annual household incomes greater than $32,960 (12 months x 3.333 x $824).
Approximately 21,542 of households in this neighborhood have a total annual income of $32,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $824 per month.
2333 Circle Dr Comps
2333 Circle Dr, Merced, CA 95340 is a single family home of 964 sqft. HomeUnion INVESTimate® for 2333 Circle Dr includes a Price Estimate of $138,376 and a Rent Estimate of $824. This single family home has 2 bedrooms,1 bathrooms, and was built in 1941. This property has an estimated 15 year annualized Yield of 7.15% and Total Return of 26.86%. The estimated 1 year forecast in home value for 2333 Circle Dr is 9.69%.