INVESTimate
$49,311
Financial Details1102 Lela Dr PROPERTY INFO
FACTS
- Built In 1959
- Price/Sqft : $81.53
CONSTRUCTION
- Beds : 0
- Floor Size : 1,750 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
1102 Lela Dr, New Athens, IL 62264 is a single family home of 1,750 sqft. HomeUnion estimate for 1102 Lela Dr includes a Price Estimate of $142,683 and a Rent Estimate of $913. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1959. This property has an estimated 15 year annualized Yield of 7.68% and Total Return of 13.74%. The estimated 1 year forecast in home value for 1102 Lela Dr is 4.77%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1102 Lela Dr SCHOOLS
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Financial Details
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NEW ATHENS
Neighborhood : NEW ATHENS
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 23% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $913 per month.
MY RENT : $913 MEDIAN RENT : $721
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 $913 would therefore be considered affordable for annual household incomes greater than $36,520 (12 months x 3.333 x $913).
HOUSEHOLD INCOME RANGE
Approximately 817 of households in this neighborhood have a total annual income of $36,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $913 per month.
MINIMUM INCOME RANGE : $36,520
COMMUTE TIME DISTRIBUTION
52% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 23% has a commute time of 45 minutes or longer.
NEW ATHENS Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 9.0% |
| Educational Services | 6.5% |
| Health Care & Social Assistance | 17.3% |
| Manufacturing | 11.8% |
| Retail & Wholesale Trader | 15.9% |
| Transportation | 8.0% |
| Other | 31.5% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 33% is 24 or younger and 14% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 19.4% |
| 15-19 | 8.6% |
| 20-24 | 5.1% |
| 25-44 | 24.1% |
| 45-65 | 28.5% |
| 66+ | 14.3% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 5.6% |
| Healthcare | 12.5% |
| Management, Business, & Financial | 13.4% |
| Natural Resources Maintenance | 12.9% |
| Production & Transportation | 20.5% |
| Sales & Office | 22.3% |
| Other | 12.8% |
HIGHEST EDUCATION LEVEL
19% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 12.6% |
| High School | 35.9% |
| Masters Degree | 4.4% |
| Some College | 25.8% |
| Some High School | 9.4% |
| Other | 11.9% |
1102 Lela Dr Comps
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