INVESTimate
$92,382
1805 Rustic Mdws PROPERTY INFO
FACTS
- Built In 2009
- Price/Sqft : $185.32
CONSTRUCTION
- Beds : 0
- Floor Size : 1,647 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
1805 Rustic Mdws, Columbia, IL 62236 is a single family home of 1,647 sqft. HomeUnion estimate for 1805 Rustic Mdws includes a Price Estimate of $305,215 and a Rent Estimate of $1,127. This single family home has 0 bedrooms, 0 bathrooms, and was built in 2009. This property has an estimated 15 year annualized Yield of 4.43% and Total Return of 6.74%. The estimated 1 year forecast in home value for 1805 Rustic Mdws is 3.28%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1805 Rustic Mdws SCHOOLS
Financial Details
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COLUMBIA
Neighborhood : COLUMBIA
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 60% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,127 per month.
MY RENT : $1,127 MEDIAN RENT : $1,185
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 $1,127 would therefore be considered affordable for annual household incomes greater than $45,080 (12 months x 3.333 x $1,127).
HOUSEHOLD INCOME RANGE
Approximately 3,459 of households in this neighborhood have a total annual income of $45,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,127 per month.
MINIMUM INCOME RANGE : $45,080
COMMUTE TIME DISTRIBUTION
62% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.
COLUMBIA Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Arts & Entertainment | 7.8% |
Educational Services | 8.2% |
Financial Industries | 8.2% |
Health Care & Social Assistance | 15.5% |
Manufacturing | 11.7% |
Retail & Wholesale Trader | 13.5% |
Other | 35.2% |
AGE DISTRIBUTION
55% of the population is between the ages of 25 and 64, 29% is 24 or younger and 16% is 65 or older.
Age | % Distribution |
---|---|
<15 | 18.8% |
15-19 | 6.4% |
20-24 | 3.8% |
25-44 | 25.2% |
45-65 | 29.6% |
66+ | 16.3% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 7.7% |
Healthcare | 7.9% |
Management, Business, & Financial | 24.2% |
Natural Resources Maintenance | 8.1% |
Production & Transportation | 9.6% |
Sales & Office | 23.9% |
Other | 18.5% |
HIGHEST EDUCATION LEVEL
21% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 8.0% |
High School | 27.4% |
Masters Degree | 9.4% |
Some College | 22.9% |
Some High School | 4.8% |
Other | 27.5% |
1805 Rustic Mdws Comps
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