Financial Details2010 Arras Dr PROPERTY INFO
FACTS
- Built In 1928
- Price/Sqft : $104.55
CONSTRUCTION
- Beds : 0
- Floor Size : 1,500 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
2010 Arras Dr, East Carondelet, IL 62240 is a single family home of 1,500 sqft. HomeUnion estimate for 2010 Arras Dr includes a Price Estimate of $156,819 and a Rent Estimate of $892. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1928. This property has an estimated 15 year annualized Yield of 6.83% and Total Return of 7.90%. The estimated 1 year forecast in home value for 2010 Arras Dr is 2.54%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
2010 Arras Dr SCHOOLS
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Financial Details
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EAST CARONDELET
Neighborhood : EAST CARONDELET
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 20% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $892 per month.
MY RENT : $892 MEDIAN RENT : $743
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 $892 would therefore be considered affordable for annual household incomes greater than $35,680 (12 months x 3.333 x $892).
HOUSEHOLD INCOME RANGE
Approximately 320 of households in this neighborhood have a total annual income of $35,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $892 per month.
MINIMUM INCOME RANGE : $35,680
COMMUTE TIME DISTRIBUTION
64% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.
EAST CARONDELET Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 10.9% |
| Health Care & Social Assistance | 16.9% |
| Manufacturing | 11.0% |
| Professional & Scientific Tech Services | 6.9% |
| Retail & Wholesale Trader | 22.3% |
| Transportation | 6.8% |
| Other | 25.2% |
AGE DISTRIBUTION
56% of the population is between the ages of 25 and 64, 31% is 24 or younger and 13% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 16.4% |
| 15-19 | 11.1% |
| 20-24 | 3.3% |
| 25-44 | 29.1% |
| 45-65 | 26.7% |
| 66+ | 13.5% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 9.2% |
| Healthcare | 9.2% |
| Management, Business, & Financial | 10.8% |
| Natural Resources Maintenance | 13.2% |
| Production & Transportation | 19.8% |
| Sales & Office | 24.3% |
| Other | 13.6% |
HIGHEST EDUCATION LEVEL
12% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.5% |
| High School | 44.2% |
| Masters Degree | 2.4% |
| Some College | 24.6% |
| Some High School | 15.1% |
| Other | 4.3% |
2010 Arras Dr Comps
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