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This page contains information about each property aggregated from public data sources, 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.

2043 Arras Dr East Carondelet, IL 62240

0 Beds 0 Baths 1,771 sqft Built 1970
Last updated:  Jan 23, 2020

INVESTimate

$154,847

$148K - $162K

Price Est.

$885

820 - 950

Rent Est.

$52,534

Investment Est.

$158,780  ( +2.54%)   1 YR EST. FORECAST

2043 Arras Dr PROPERTY INFO

FACTS
  • Built In 1970
  • Price/Sqft : $87.43
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,771 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
2043 Arras Dr, East Carondelet, IL 62240 is a single family home of 1,771 sqft. HomeUnion estimate for 2043 Arras Dr includes a Price Estimate of $154,847 and a Rent Estimate of $885. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1970. This property has an estimated 15 year annualized Yield of 6.86% and Total Return of 6.19%. The estimated 1 year forecast in home value for 2043 Arras Dr is 2.54%.

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2043 Arras Dr SCHOOLS

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Financial Details

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Neighborhood

EAST CARONDELET

  • 1,932

    POPULATION

  • 691

    HOUSEHOLDS

  • 50.1%

    WHITE COLLAR

Neighborhood : EAST CARONDELET

HOUSEHOLDS
691
POPULATION

1,932

26.1%Renters
73.9%Home Owners
LABOR FORCE

 

50.1%White Collar
49.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 22% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $885 per month.

MY RENT : $885 MEDIAN RENT : $743

Rent % Distribution LEVEL
$500-699 32.9%
$700-899 48.7%
$900-999 10.3%
$1,000-1,499 7.9%
>=$1,500 0.2%
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 $885 would therefore be considered affordable for annual household incomes greater than $35,400 (12 months x 3.333 x $885).

Rent % Affordability
Above $500 80.9%
Above $700 69.6%
Above $1,100 49.8%
Above $1,500 34.7%
Above $1,900 22.2%
HOUSEHOLD INCOME RANGE

Approximately 321 of households in this neighborhood have a total annual income of $35,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $885 per month.

MINIMUM INCOME RANGE : $35,400

Income % Distribution
<$20K 19.1%
$20K-$35K 17.7%
$35K-$60K 28.5%
$60K-$100K 21.1%
>=$100K 13.6%
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.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 9.6%
10-14 mins 13.6%
15-19 mins 17.1%
20-29 mins 26.5%
30-44 mins 20.3%
45-59 mins 8.6%
>60 mins 2.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 22% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $885 per month.

MY RENT : $885 MEDIAN RENT : $743

Rent % Distribution
$500-699 32.9%
$700-899 48.7%
$900-999 10.3%
$1,000-1,499 7.9%
>=$1,500 0.2%
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 $885 would therefore be considered affordable for annual household incomes greater than $35,400 (12 months x 3.333 x $885).

Rent % Affordability
Above $500 80.9%
Above $700 69.6%
Above $1,100 49.8%
Above $1,500 34.7%
Above $1,900 22.2%
HOUSEHOLD INCOME RANGE

Approximately 321 of households in this neighborhood have a total annual income of $35,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $885 per month.

MINIMUM INCOME RANGE : $35,400

Income % Distribution
<$20K 19.1%
$20K-$35K 17.7%
$35K-$60K 28.5%
$60K-$100K 21.1%
>=$100K 13.6%
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.

Time (mins) % Distribution
<5 mins 2.3%
5-9 mins 9.6%
10-14 mins 13.6%
15-19 mins 17.1%
20-29 mins 26.5%
30-44 mins 20.3%
45-59 mins 8.6%
>60 mins 2.0%
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%
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%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% 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%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??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%

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%

2043 Arras Dr Comps

Sorry, we do not have sufficient data available.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , SAINT CLAIR County , or the 62240 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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