INVESTimate
$81,304
Financial Details2505 Keim Rd PROPERTY INFO
FACTS
- Built In 1996
- Price/Sqft : $138.35
CONSTRUCTION
- Beds : 0
- Floor Size : 1,904 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
2505 Keim Rd, New Athens, IL 62264 is a single family home of 1,904 sqft. HomeUnion estimate for 2505 Keim Rd includes a Price Estimate of $263,411 and a Rent Estimate of $1,098. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1996. This property has an estimated 15 year annualized Yield of 5.00% and Total Return of 8.24%. The estimated 1 year forecast in home value for 2505 Keim Rd is 4.77%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
2505 Keim Rd SCHOOLS
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Financial Details
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NEW ATHENS
Neighborhood : NEW ATHENS
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 8% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,098 per month.
MY RENT : $1,098 MEDIAN RENT : $721
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 $1,098 would therefore be considered affordable for annual household incomes greater than $43,920 (12 months x 3.333 x $1,098).
HOUSEHOLD INCOME RANGE
Approximately 685 of households in this neighborhood have a total annual income of $43,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,098 per month.
MINIMUM INCOME RANGE : $43,920
COMMUTE TIME DISTRIBUTION
56% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.
NEW ATHENS Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 8.3% |
| Educational Services | 6.9% |
| Health Care & Social Assistance | 20.0% |
| Manufacturing | 11.7% |
| Retail & Wholesale Trader | 14.6% |
| Transportation | 7.9% |
| Other | 30.6% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 32% is 24 or younger and 15% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 20.6% |
| 15-19 | 6.8% |
| 20-24 | 4.6% |
| 25-44 | 25.4% |
| 45-65 | 27.6% |
| 66+ | 15.1% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 4.7% |
| Healthcare | 14.8% |
| Management, Business, & Financial | 14.7% |
| Natural Resources Maintenance | 10.5% |
| Production & Transportation | 19.8% |
| Sales & Office | 19.6% |
| Other | 16.0% |
HIGHEST EDUCATION LEVEL
17% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 11.5% |
| High School | 32.8% |
| Masters Degree | 3.7% |
| Some College | 26.4% |
| Some High School | 10.5% |
| Other | 15.0% |
2505 Keim Rd Comps
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