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501 S East St PROPERTY INFO
FACTS
- Built In 1926
- Price/Sqft : $63.96
CONSTRUCTION
- Beds : 3
- Floor Size : 1,308 sqft
- Baths : 0 Full
501 S East St SCHOOLS
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Financial Details
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MOUNT CARROLL
Neighborhood : MOUNT CARROLL
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 54% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,212 per month.
MY RENT : $1,212 MEDIAN RENT : $1,213
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 $1,212 would therefore be considered affordable for annual household incomes greater than $48,480 (12 months x 3.333 x $1,212).
HOUSEHOLD INCOME RANGE
Approximately 532 of households in this neighborhood have a total annual income of $48,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,212 per month.
MINIMUM INCOME RANGE : $48,480
COMMUTE TIME DISTRIBUTION
41% of the working population has a commute time of 15 to 44 minutes, 42% has a commute time of 14 minutes or less and 17% has a commute time of 45 minutes or longer.
MOUNT CARROLL Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 7.9% |
| Construction | 7.0% |
| Educational Services | 10.4% |
| Health Care & Social Assistance | 14.0% |
| Manufacturing | 17.9% |
| Retail & Wholesale Trader | 10.4% |
| Other | 32.4% |
AGE DISTRIBUTION
49% of the population is between the ages of 25 and 64, 25% is 24 or younger and 26% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 14.5% |
| 15-19 | 4.5% |
| 20-24 | 5.9% |
| 25-44 | 19.6% |
| 45-65 | 29.8% |
| 66+ | 25.7% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 5.9% |
| Management, Business, & Financial | 20.3% |
| Natural Resources Maintenance | 12.8% |
| Production & Transportation | 22.2% |
| Sales & Office | 17.0% |
| Social | 4.1% |
| Other | 17.8% |
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 | 8.2% |
| High School | 40.4% |
| Masters Degree | 5.9% |
| Some College | 23.2% |
| Some High School | 7.0% |
| Other | 15.3% |
501 S East St Comps
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501 S East St, Mount Carroll, IL 61053 is a single family home of 1,308 sqft. HomeUnion INVESTimateĀ® for 501 S East St includes a Price Estimate of $83,660 and a Rent Estimate of $1,212. This single family home has 3 bedrooms,0 bathrooms, and was built in 1926. This property has an estimated 15 year annualized Yield of 17.38% and Total Return of 33.57%. The estimated 1 year forecast in home value for 501 S East St is 3.86%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , CARROLL County , or the 61053 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
