INVESTimate
$200,314
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1080 Summit Dr PROPERTY INFO
FACTS
- Built In 1969
- Price/Sqft : $268.77
CONSTRUCTION
- Beds : 0
- Floor Size : 2,651 sqft
- Baths : 2 Full 1 Half
1080 Summit Dr SCHOOLS
Financial Details
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North Trail
Neighborhood : North Trail
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 $3,575 per month.
MY RENT : $3,575 MEDIAN RENT : $3,785
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 $3,575 would therefore be considered affordable for annual household incomes greater than $143,000 (12 months x 3.333 x $3,575).
HOUSEHOLD INCOME RANGE
Approximately 35 of households in this neighborhood have a total annual income of $143,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,575 per month.
MINIMUM INCOME RANGE : $143,000
COMMUTE TIME DISTRIBUTION
52% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.
North Trail Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Educational Services | 7.9% |
| Financial Industries | 13.0% |
| Health Care & Social Assistance | 11.9% |
| Manufacturing | 10.7% |
| Professional & Scientific Tech Services | 22.6% |
| Retail & Wholesale Trader | 16.4% |
| Other | 17.5% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 36% is 24 or younger and 11% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 24.2% |
| 15-19 | 8.6% |
| 20-24 | 3.1% |
| 25-44 | 19.8% |
| 45-65 | 33.4% |
| 66+ | 10.9% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 8.6% |
| Healthcare | 7.8% |
| Legal | 11.7% |
| Management, Business, & Financial | 31.2% |
| Sales & Office | 24.2% |
| Social | 3.9% |
| Other | 12.5% |
HIGHEST EDUCATION LEVEL
48% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Doctorate | 1.8% |
| High School | 7.0% |
| Masters Degree | 28.6% |
| Professional | 17.6% |
| Some College | 6.6% |
| Other | 38.3% |
1080 Summit Dr Comps
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1080 Summit Dr, Deerfield, IL 60015 is a single family home of 2,651 sqft. HomeUnion INVESTimateĀ® for 1080 Summit Dr includes a Price Estimate of $712,505 and a Rent Estimate of $3,575. This single family home has 0 bedrooms,3 bathrooms, and was built in 1969. This property has an estimated 15 year annualized Yield of 6.02% and Total Return of 8.21%. The estimated 1 year forecast in home value for 1080 Summit Dr is 1.36%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , LAKE County , or the 60015 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
