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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

1992 Redwood Dr Round Lake Beach, IL 60073

3 Beds 2 Baths 1,500 sqft Built 1988
Last updated:  Jan 23, 2020

INVESTimate

$163,035

$161K - $166K

Price Est.

$1,465

$1.4K - $1.5K

Rent Est.

$170,991  ( +4.88%)   1 YR EST. FORECAST
  
  
  

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1992 Redwood Dr PROPERTY INFO

FACTS
  • Built In 1988
  • Price/Sqft : $108.69
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,500 sqft
  • Baths : 1 Full 1 Half

1992 Redwood Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
INDIAN HILL ELEMENTARY SCHOOL Primary Regular 586 28 2
ROUND LAKE MIDDLE SCHOOL Middle Regular 969 55 3
ROUND LAKE HIGH SCHOOL High Regular 1,927 115 3

INDIAN HILL ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 28
2
GreatSchools Rating

ROUND LAKE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 969
  • # of teachers: 55
3
GreatSchools Rating

ROUND LAKE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,927
  • # of teachers: 115
3
GreatSchools Rating
 

Financial Details

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Neighborhood

Willow Ridge

  • 1,258

    POPULATION
  • 397

    HOUSEHOLDS
  • 66.7%

    WHITE COLLAR

Neighborhood : Willow Ridge

HOUSEHOLDS
397
POPULATION

1,258

48.4%Renters
51.6%Home Owners
LABOR FORCE

 

66.7%White Collar
33.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,465 per month.

MY RENT : $1,465 MEDIAN RENT : $1,440

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 1.2%
$1,000-1,499 69.9%
>=$1,500 28.9%
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 $1,465 would therefore be considered affordable for annual household incomes greater than $58,600 (12 months x 3.333 x $1,465).

Rent % Affordability
Above $500 62.9%
Above $700 58.9%
Above $1,100 47.7%
Above $1,500 40.2%
Above $1,900 19.6%
HOUSEHOLD INCOME RANGE

Approximately 161 of households in this neighborhood have a total annual income of $58,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,465 per month.

MINIMUM INCOME RANGE : $58,600

Income % Distribution
<$20K 37.1%
$20K-$35K 5.3%
$35K-$60K 17.4%
$60K-$100K 34.1%
>=$100K 6.1%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 7.1%
10-14 mins 1.7%
15-19 mins 14.2%
20-29 mins 3.4%
30-44 mins 43.0%
45-59 mins 8.5%
>60 mins 21.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 34% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,465 per month.

MY RENT : $1,465 MEDIAN RENT : $1,440

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 1.2%
$1,000-1,499 69.9%
>=$1,500 28.9%
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 $1,465 would therefore be considered affordable for annual household incomes greater than $58,600 (12 months x 3.333 x $1,465).

Rent % Affordability
Above $500 62.9%
Above $700 58.9%
Above $1,100 47.7%
Above $1,500 40.2%
Above $1,900 19.6%
HOUSEHOLD INCOME RANGE

Approximately 161 of households in this neighborhood have a total annual income of $58,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,465 per month.

MINIMUM INCOME RANGE : $58,600

Income % Distribution
<$20K 37.1%
$20K-$35K 5.3%
$35K-$60K 17.4%
$60K-$100K 34.1%
>=$100K 6.1%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 9% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 7.1%
10-14 mins 1.7%
15-19 mins 14.2%
20-29 mins 3.4%
30-44 mins 43.0%
45-59 mins 8.5%
>60 mins 21.9%

Willow Ridge Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 17.0%
Construction 12.2%
Educational Services 8.1%
Health Care & Social Assistance 12.7%
Manufacturing 16.5%
Retail & Wholesale Trader 14.2%
Other 19.3%
AGE DISTRIBUTION

36% of the population is between the ages of 25 and 64, 42% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 30.0%
15-19 6.8%
20-24 5.6%
25-44 20.0%
45-65 16.1%
66+ 21.5%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.6%
Construction 8.6%
Management, Business, & Financial 32.1%
Natural Resources Maintenance 19.0%
PCare 6.0%
Sales & Office 14.9%
Other 13.8%
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 10.2%
High School 38.7%
Professional 4.9%
Some College 16.7%
Some High School 15.8%
Other 13.7%

1992 Redwood Dr Comps

Sorry, we do not have sufficient data available.

1992 Redwood Dr, Round Lake Beach, IL 60073 is a single family home of 1,500 sqft. HomeUnion INVESTimateĀ® for 1992 Redwood Dr includes a Price Estimate of $163,035 and a Rent Estimate of $1,465. This single family home has 3 bedrooms,2 bathrooms, and was built in 1988. This property has an estimated 15 year annualized Yield of 10.78% and Total Return of 18.95%. The estimated 1 year forecast in home value for 1992 Redwood Dr is 4.88%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , LAKE County , or the 60073 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 60046
  2. 60041
  3. 60030