INVESTimate
$90,813
1821 Rustic Mdws PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $264.63
CONSTRUCTION
- Beds : 0
- Floor Size : 1,131 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
1821 Rustic Mdws, Columbia, IL 62236 is a single family home of 1,131 sqft. HomeUnion estimate for 1821 Rustic Mdws includes a Price Estimate of $299,293 and a Rent Estimate of $1,092. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1995. This property has an estimated 15 year annualized Yield of 4.38% and Total Return of 6.88%. The estimated 1 year forecast in home value for 1821 Rustic Mdws is 3.28%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
1821 Rustic Mdws SCHOOLS
Financial Details
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COLUMBIA
Neighborhood : COLUMBIA
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 67% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,092 per month.
MY RENT : $1,092 MEDIAN RENT : $1,241
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 $1,092 would therefore be considered affordable for annual household incomes greater than $43,680 (12 months x 3.333 x $1,092).
HOUSEHOLD INCOME RANGE
Approximately 3,406 of households in this neighborhood have a total annual income of $43,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,092 per month.
MINIMUM INCOME RANGE : $43,680
COMMUTE TIME DISTRIBUTION
65% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 14% has a commute time of 45 minutes or longer.
COLUMBIA Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Educational Services | 7.7% |
Financial Industries | 8.1% |
Health Care & Social Assistance | 14.5% |
Manufacturing | 12.6% |
Professional & Scientific Tech Services | 6.7% |
Retail & Wholesale Trader | 15.1% |
Other | 35.3% |
AGE DISTRIBUTION
54% 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 | 18.6% |
15-19 | 6.2% |
20-24 | 4.3% |
25-44 | 24.8% |
45-65 | 29.7% |
66+ | 16.5% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 7.4% |
Healthcare | 7.5% |
Management, Business, & Financial | 24.6% |
Natural Resources Maintenance | 7.1% |
Production & Transportation | 11.9% |
Sales & Office | 24.6% |
Other | 16.9% |
HIGHEST EDUCATION LEVEL
20% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Associates Degree | 8.3% |
High School | 28.8% |
Masters Degree | 8.9% |
Some College | 22.4% |
Some High School | 4.0% |
Other | 27.6% |
1821 Rustic Mdws Comps
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