1. < Forest Dr

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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

502 Forest Dr Kirkland, IL 60146

4 Beds 3 Baths 2,550 sqft Built 2004
Last updated:  Dec 26, 2019

INVESTimate

$174,729

$157K - $193K

Price Est.

$1,523

$1.4K - $1.6K

Rent Est.

$57,803

Investment Est.

$182,260  ( +4.31%)   1 YR EST. FORECAST

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502 Forest Dr PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $68.52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,550 sqft
  • Baths : 2 Full 1 Half

502 Forest Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HIAWATHA HIGH SCHOOL High Regular 162 19 7

HIAWATHA HIGH SCHOOL

  • Education Level: High
  • # of students: 162
  • # of teachers: 19
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Country Meadows

  • 588

    POPULATION

  • 166

    HOUSEHOLDS

  • 44.3%

    WHITE COLLAR

Neighborhood : Country Meadows

HOUSEHOLDS
166
POPULATION

588

21.3%Renters
78.7%Home Owners
LABOR FORCE

 

44.3%White Collar
55.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 13% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,523 per month.

MY RENT : $1,523 MEDIAN RENT : $1,254

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.5%
$1,000-1,499 86.1%
>=$1,500 13.4%
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 $1,523 would therefore be considered affordable for annual household incomes greater than $60,920 (12 months x 3.333 x $1,523).

Rent % Affordability
Above $500 92.1%
Above $700 83.4%
Above $1,100 68.1%
Above $1,500 49.1%
Above $1,900 29.9%
HOUSEHOLD INCOME RANGE

Approximately 51 of households in this neighborhood have a total annual income of $60,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,523 per month.

MINIMUM INCOME RANGE : $60,920

Income % Distribution
<$20K 7.9%
$20K-$35K 15.8%
$35K-$60K 27.3%
$60K-$100K 29.7%
>=$100K 19.4%
COMMUTE TIME DISTRIBUTION

48% 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 4.4%
5-9 mins 4.4%
10-14 mins 5.7%
15-19 mins 5.7%
20-29 mins 18.5%
30-44 mins 23.3%
45-59 mins 13.7%
>60 mins 24.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 13% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,523 per month.

MY RENT : $1,523 MEDIAN RENT : $1,254

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.5%
$1,000-1,499 86.1%
>=$1,500 13.4%
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 $1,523 would therefore be considered affordable for annual household incomes greater than $60,920 (12 months x 3.333 x $1,523).

Rent % Affordability
Above $500 92.1%
Above $700 83.4%
Above $1,100 68.1%
Above $1,500 49.1%
Above $1,900 29.9%
HOUSEHOLD INCOME RANGE

Approximately 51 of households in this neighborhood have a total annual income of $60,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,523 per month.

MINIMUM INCOME RANGE : $60,920

Income % Distribution
<$20K 7.9%
$20K-$35K 15.8%
$35K-$60K 27.3%
$60K-$100K 29.7%
>=$100K 19.4%
COMMUTE TIME DISTRIBUTION

48% 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 4.4%
5-9 mins 4.4%
10-14 mins 5.7%
15-19 mins 5.7%
20-29 mins 18.5%
30-44 mins 23.3%
45-59 mins 13.7%
>60 mins 24.2%
Country Meadows Demographics
INDUSTRY

           

Industry % Distribution
Arts & Entertainment 7.9%
Construction 9.4%
Health Care & Social Assistance 9.8%
Manufacturing 15.5%
Retail & Wholesale Trader 13.6%
Transportation 11.7%
Other 32.1%
OCCUPATION

           

Occupation % Distribution
Healthcare 8.2%
Management, Business, & Financial 16.4%
Natural Resources Maintenance 20.1%
Production & Transportation 27.7%
Protect 1.9%
Sales & Office 20.1%
Other 5.7%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 24.3%
15-19 9.5%
20-24 7.1%
25-44 25.5%
45-65 24.7%
66+ 8.8%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorā??s degree or higher.

Education Level % Distribution
Associates Degree 11.5%
High School 36.9%
Masters Degree 3.8%
Some College 26.9%
Some High School 10.6%
Other 10.3%

Country Meadows Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.9%
Construction 9.4%
Health Care & Social Assistance 9.8%
Manufacturing 15.5%
Retail & Wholesale Trader 13.6%
Transportation 11.7%
Other 32.1%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 41% is 24 or younger and 9% is 65 or older.

Age % Distribution
<15 24.3%
15-19 9.5%
20-24 7.1%
25-44 25.5%
45-65 24.7%
66+ 8.8%
OCCUPATION

Occupation % Distribution
Healthcare 8.2%
Management, Business, & Financial 16.4%
Natural Resources Maintenance 20.1%
Production & Transportation 27.7%
Protect 1.9%
Sales & Office 20.1%
Other 5.7%
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 11.5%
High School 36.9%
Masters Degree 3.8%
Some College 26.9%
Some High School 10.6%
Other 10.3%

502 Forest Dr Comps

Sorry, we do not have sufficient data available.

502 Forest Dr, Kirkland, IL 60146 is a single family home of 2,550 sqft. HomeUnion INVESTimateĀ® for 502 Forest Dr includes a Price Estimate of $174,729 and a Rent Estimate of $1,523. This single family home has 4 bedrooms,3 bathrooms, and was built in 2004. This property has an estimated 15 year annualized Yield of 10.46% and Total Return of 17.97%. The estimated 1 year forecast in home value for 502 Forest Dr is 4.31%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , DEKALB County , or the 60146 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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