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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

501 S East St Mount Carroll, IL 61053

3 Beds 0 Baths 1,308 sqft Built 1926
Last updated:  Dec 26, 2019

INVESTimate

$83,660

$78.5K - $88.8K

Price Est.

$1,212

$1.0K - $1.4K

Rent Est.

$86,889  ( +3.86%)   1 YR EST. FORECAST
  
  
  

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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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Neighborhood

MOUNT CARROLL

  • 2,549

    POPULATION
  • 1,152

    HOUSEHOLDS
  • 57.3%

    WHITE COLLAR

Neighborhood : MOUNT CARROLL

HOUSEHOLDS
1,152
POPULATION

2,549

18.3%Renters
81.7%Home Owners
LABOR FORCE

 

57.3%White Collar
42.7%Blue Collar
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

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.4%
$900-999 6.9%
$1,000-1,499 92.0%
>=$1,500 0.6%
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).

Rent % Affordability
Above $500 84.4%
Above $700 75.2%
Above $1,100 55.5%
Above $1,500 41.1%
Above $1,900 29.8%
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

Income % Distribution
<$20K 15.6%
$20K-$35K 17.8%
$35K-$60K 25.4%
$60K-$100K 25.3%
>=$100K 15.8%
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.

Time (mins) % Distribution
<5 mins 13.4%
5-9 mins 18.9%
10-14 mins 10.0%
15-19 mins 12.2%
20-29 mins 13.8%
30-44 mins 15.0%
45-59 mins 9.7%
>60 mins 7.0%
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

Rent % Distribution
$500-699 0.0%
$700-899 0.4%
$900-999 6.9%
$1,000-1,499 92.0%
>=$1,500 0.6%
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).

Rent % Affordability
Above $500 84.4%
Above $700 75.2%
Above $1,100 55.5%
Above $1,500 41.1%
Above $1,900 29.8%
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

Income % Distribution
<$20K 15.6%
$20K-$35K 17.8%
$35K-$60K 25.4%
$60K-$100K 25.3%
>=$100K 15.8%
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.

Time (mins) % Distribution
<5 mins 13.4%
5-9 mins 18.9%
10-14 mins 10.0%
15-19 mins 12.2%
20-29 mins 13.8%
30-44 mins 15.0%
45-59 mins 9.7%
>60 mins 7.0%

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

Sorry, we do not have sufficient data available.

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

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