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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

402 S Dew St Summerfield, IL 62289

0 Beds 0 Baths 1,640 sqft Built 1942
Last updated:  Jan 23, 2020

INVESTimate

$92,263

$87.3K - $97.2K

Price Est.

$853

790 - 916

Rent Est.

$96,590  ( +4.69%)   1 YR EST. FORECAST
  
  
  

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402 S Dew St PROPERTY INFO

FACTS
  • Built In 1942
  • Price/Sqft : $56.26
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,640 sqft
  • Baths : 0 Full

402 S Dew St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LEBANON ELEMENTARY SCHOOL Primary Regular 316 20 5

LEBANON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 316
  • # of teachers: 20
5
GreatSchools Rating
 

Financial Details

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Neighborhood

SUMMERFIELD

  • 531

    POPULATION
  • 216

    HOUSEHOLDS
  • 60.3%

    WHITE COLLAR

Neighborhood : SUMMERFIELD

HOUSEHOLDS
216
POPULATION

531

20.9%Renters
79.1%Home Owners
LABOR FORCE

 

60.3%White Collar
39.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 11% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $853 per month.

MY RENT : $853 MEDIAN RENT : $633

Rent % Distribution LEVEL
$500-699 66.2%
$700-899 29.2%
$900-999 4.1%
$1,000-1,499 0.5%
>=$1,500 0.0%
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 $853 would therefore be considered affordable for annual household incomes greater than $34,120 (12 months x 3.333 x $853).

Rent % Affordability
Above $500 96.7%
Above $700 92.5%
Above $1,100 66.3%
Above $1,500 57.4%
Above $1,900 41.1%
HOUSEHOLD INCOME RANGE

Approximately 379 of households in this neighborhood have a total annual income of $34,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $853 per month.

MINIMUM INCOME RANGE : $34,120

Income % Distribution
<$20K 3.3%
$20K-$35K 10.5%
$35K-$60K 28.7%
$60K-$100K 29.7%
>=$100K 27.8%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 38% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 6.4%
10-14 mins 6.8%
15-19 mins 18.3%
20-29 mins 7.5%
30-44 mins 21.7%
45-59 mins 32.5%
>60 mins 5.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 11% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $853 per month.

MY RENT : $853 MEDIAN RENT : $633

Rent % Distribution
$500-699 66.2%
$700-899 29.2%
$900-999 4.1%
$1,000-1,499 0.5%
>=$1,500 0.0%
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 $853 would therefore be considered affordable for annual household incomes greater than $34,120 (12 months x 3.333 x $853).

Rent % Affordability
Above $500 96.7%
Above $700 92.5%
Above $1,100 66.3%
Above $1,500 57.4%
Above $1,900 41.1%
HOUSEHOLD INCOME RANGE

Approximately 379 of households in this neighborhood have a total annual income of $34,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $853 per month.

MINIMUM INCOME RANGE : $34,120

Income % Distribution
<$20K 3.3%
$20K-$35K 10.5%
$35K-$60K 28.7%
$60K-$100K 29.7%
>=$100K 27.8%
COMMUTE TIME DISTRIBUTION

47% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 38% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 6.4%
10-14 mins 6.8%
15-19 mins 18.3%
20-29 mins 7.5%
30-44 mins 21.7%
45-59 mins 32.5%
>60 mins 5.4%

SUMMERFIELD Demographics

INDUSTRY

Industry % Distribution
Construction 17.8%
Educational Services 8.0%
Health Care & Social Assistance 17.5%
Manufacturing 10.8%
Retail & Wholesale Trader 11.2%
Transportation 15.0%
Other 19.6%
AGE DISTRIBUTION

62% of the population is between the ages of 25 and 64, 24% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 12.8%
15-19 3.8%
20-24 7.3%
25-44 16.0%
45-65 46.0%
66+ 14.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 25.4%
Healthcare 7.9%
Management, Business, & Financial 6.9%
Natural Resources Maintenance 16.4%
Production & Transportation 17.5%
Sales & Office 19.6%
Other 6.3%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.7%
High School 38.6%
Masters Degree 5.0%
Some College 20.5%
Some High School 6.4%
Other 22.8%

402 S Dew St Comps

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402 S Dew St, Summerfield, IL 62289 is a single family home of 1,640 sqft. HomeUnion INVESTimateĀ® for 402 S Dew St includes a Price Estimate of $92,263 and a Rent Estimate of $853. This single family home has 0 bedrooms,0 bathrooms, and was built in 1942. This property has an estimated 15 year annualized Yield of 11.09% and Total Return of 19.21%. The estimated 1 year forecast in home value for 402 S Dew St is 4.69%.

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 62289 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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