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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

2700 E Rd Forrest, IL 61741

3 Beds 1 Baths 1,540 sqft Built 1888
Last updated:  Jan 23, 2020

INVESTimate

$114,177

$106K - $122K

Price Est.

$1,137

971 - $1.3K

Rent Est.

$114,177  ( 0%)   1 YR EST. FORECAST
  
  
  

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2700 E Rd PROPERTY INFO

FACTS
  • Built In 1888
  • Price/Sqft : $74.14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,540 sqft
  • Baths : 1 Full

2700 E Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
PRAIRIE CENTRAL HIGH SCHOOL High Regular 606 47 7

PRAIRIE CENTRAL HIGH SCHOOL

  • Education Level: High
  • # of students: 606
  • # of teachers: 47
7
GreatSchools Rating
 

Financial Details

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Neighborhood

FORREST

  • 1,683

    POPULATION
  • 599

    HOUSEHOLDS
  • 50.6%

    WHITE COLLAR

Neighborhood : FORREST

HOUSEHOLDS
599
POPULATION

1,683

23.2%Renters
76.8%Home Owners
LABOR FORCE

 

50.6%White Collar
49.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,137 per month.

MY RENT : $1,137 MEDIAN RENT : $1,203

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 4.9%
$900-999 13.3%
$1,000-1,499 66.8%
>=$1,500 14.9%
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 $1,137 would therefore be considered affordable for annual household incomes greater than $45,480 (12 months x 3.333 x $1,137).

Rent % Affordability
Above $500 88.1%
Above $700 80.5%
Above $1,100 66.0%
Above $1,500 51.7%
Above $1,900 42.6%
HOUSEHOLD INCOME RANGE

Approximately 344 of households in this neighborhood have a total annual income of $45,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,137 per month.

MINIMUM INCOME RANGE : $45,480

Income % Distribution
<$20K 11.9%
$20K-$35K 12.2%
$35K-$60K 24.2%
$60K-$100K 29.4%
>=$100K 22.2%
COMMUTE TIME DISTRIBUTION

31% of the working population has a commute time of 15 to 44 minutes, 56% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 17.0%
5-9 mins 18.8%
10-14 mins 20.4%
15-19 mins 7.6%
20-29 mins 12.3%
30-44 mins 11.2%
45-59 mins 5.9%
>60 mins 6.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 63% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,137 per month.

MY RENT : $1,137 MEDIAN RENT : $1,203

Rent % Distribution
$500-699 0.0%
$700-899 4.9%
$900-999 13.3%
$1,000-1,499 66.8%
>=$1,500 14.9%
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 $1,137 would therefore be considered affordable for annual household incomes greater than $45,480 (12 months x 3.333 x $1,137).

Rent % Affordability
Above $500 88.1%
Above $700 80.5%
Above $1,100 66.0%
Above $1,500 51.7%
Above $1,900 42.6%
HOUSEHOLD INCOME RANGE

Approximately 344 of households in this neighborhood have a total annual income of $45,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,137 per month.

MINIMUM INCOME RANGE : $45,480

Income % Distribution
<$20K 11.9%
$20K-$35K 12.2%
$35K-$60K 24.2%
$60K-$100K 29.4%
>=$100K 22.2%
COMMUTE TIME DISTRIBUTION

31% of the working population has a commute time of 15 to 44 minutes, 56% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 17.0%
5-9 mins 18.8%
10-14 mins 20.4%
15-19 mins 7.6%
20-29 mins 12.3%
30-44 mins 11.2%
45-59 mins 5.9%
>60 mins 6.7%

FORREST Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 10.7%
Construction 9.7%
Educational Services 10.6%
Health Care & Social Assistance 10.4%
Manufacturing 16.7%
Retail & Wholesale Trader 14.3%
Other 27.5%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 37% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 26.2%
15-19 5.3%
20-24 5.8%
25-44 23.6%
45-65 24.4%
66+ 14.7%
OCCUPATION

Occupation % Distribution
Construction 5.3%
Management, Business, & Financial 16.1%
Natural Resources Maintenance 11.8%
Production & Transportation 24.3%
Protect 4.3%
Sales & Office 24.6%
Other 13.6%
HIGHEST EDUCATION LEVEL

10% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.1%
High School 47.1%
Masters Degree 3.0%
Some College 24.5%
Some High School 7.5%
Other 10.8%

2700 E Rd Comps

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2700 E Rd, Forrest, IL 61741 is a single family home of 1,540 sqft. HomeUnion INVESTimateĀ® for 2700 E Rd includes a Price Estimate of $114,177 and a Rent Estimate of $1,137. This single family home has 3 bedrooms,1 bathrooms, and was built in 1888. This property has an estimated 15 year annualized Yield of 11.95% and Total Return of 18.47%. The estimated 1 year forecast in home value for 2700 E Rd is 0%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , LIVINGSTON County , or the 61741 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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