Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

503 Settlement Dr Maple Park, IL 60151

4 Beds 3 Baths 3,530 sqft Built 2006
Last updated:  Nov 28, 2019

INVESTimate

$268,468

$250K - $287K

Price Est.

$2,243

$2.1K - $2.4K

Rent Est.

$272,790  ( +1.61%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1808 ASHBOROUGH WAY SE Marietta, GA
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units
    AVAILABLE fmls
    • 15.60% GROSS YIELD
    • $5,557 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,300
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1339 HOLBECH LANE Channelview, TX
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units
    AVAILABLE
    • 14.73% GROSS YIELD
    • $7,387 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $34,900
    • $1,350

503 Settlement Dr PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $76.05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,530 sqft
  • Baths : 2 Full 1 Half

503 Settlement Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
JOHN STEWART ELEMENTARY SCHOOL Primary Regular 607 34 6
HARTER MIDDLE SCHOOL Middle Regular 1,105 68 8
KANELAND SENIOR HIGH SCHOOL High Regular 1,346 78 7

JOHN STEWART ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 607
  • # of teachers: 34
6
GreatSchools Rating

HARTER MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,105
  • # of teachers: 68
8
GreatSchools Rating

KANELAND SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 1,346
  • # of teachers: 78
7
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

MAPLE PARK

  • 4,006

    POPULATION
  • 1,416

    HOUSEHOLDS
  • 65.3%

    WHITE COLLAR

Neighborhood : MAPLE PARK

HOUSEHOLDS
1,416
POPULATION

4,006

22.3%Renters
77.7%Home Owners
LABOR FORCE

 

65.3%White Collar
34.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,243 per month.

MY RENT : $2,243 MEDIAN RENT : $1,433

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 73.3%
>=$1,500 26.7%
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 $2,243 would therefore be considered affordable for annual household incomes greater than $89,720 (12 months x 3.333 x $2,243).

Rent % Affordability
Above $500 93.1%
Above $700 89.9%
Above $1,100 79.6%
Above $1,500 68.7%
Above $1,900 53.4%
HOUSEHOLD INCOME RANGE

Approximately 537 of households in this neighborhood have a total annual income of $89,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,243 per month.

MINIMUM INCOME RANGE : $89,720

Income % Distribution
<$20K 6.9%
$20K-$35K 7.4%
$35K-$60K 16.9%
$60K-$100K 34.3%
>=$100K 34.4%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 13.0%
10-14 mins 8.6%
15-19 mins 12.1%
20-29 mins 16.7%
30-44 mins 23.6%
45-59 mins 8.4%
>60 mins 13.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,243 per month.

MY RENT : $2,243 MEDIAN RENT : $1,433

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 73.3%
>=$1,500 26.7%
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 $2,243 would therefore be considered affordable for annual household incomes greater than $89,720 (12 months x 3.333 x $2,243).

Rent % Affordability
Above $500 93.1%
Above $700 89.9%
Above $1,100 79.6%
Above $1,500 68.7%
Above $1,900 53.4%
HOUSEHOLD INCOME RANGE

Approximately 537 of households in this neighborhood have a total annual income of $89,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,243 per month.

MINIMUM INCOME RANGE : $89,720

Income % Distribution
<$20K 6.9%
$20K-$35K 7.4%
$35K-$60K 16.9%
$60K-$100K 34.3%
>=$100K 34.4%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.8%
5-9 mins 13.0%
10-14 mins 8.6%
15-19 mins 12.1%
20-29 mins 16.7%
30-44 mins 23.6%
45-59 mins 8.4%
>60 mins 13.9%

MAPLE PARK Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 6.7%
Arts & Entertainment 9.9%
Construction 11.2%
Educational Services 8.4%
Manufacturing 13.1%
Retail & Wholesale Trader 13.9%
Other 36.8%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 32% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 16.9%
15-19 7.2%
20-24 8.3%
25-44 24.9%
45-65 31.9%
66+ 10.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.9%
Healthcare 6.0%
Management, Business, & Financial 23.6%
Natural Resources Maintenance 14.7%
Production & Transportation 16.0%
Sales & Office 20.6%
Other 12.3%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 13.8%
High School 29.7%
Masters Degree 5.6%
Some College 28.0%
Some High School 6.0%
Other 17.1%

503 Settlement Dr Comps

Sorry, we do not have sufficient data available.

503 Settlement Dr, Maple Park, IL 60151 is a single family home of 3,530 sqft. HomeUnion INVESTimateĀ® for 503 Settlement Dr includes a Price Estimate of $268,468 and a Rent Estimate of $2,243. This single family home has 4 bedrooms,3 bathrooms, and was built in 2006. This property has an estimated 15 year annualized Yield of 10.03% and Total Return of 17.29%. The estimated 1 year forecast in home value for 503 Settlement Dr is 1.61%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , KANE County , or the 60151 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Browse other real estate investments on Settlement Dr

  1. 503 Settlement Dr
  2. 628 Settlement Dr
  3. 636 Settlement Dr
  4. 644 Settlement Dr

Similar Investment Properties By Bed/Bath within 2 miles

  1. 631 Walnut Ave
  2. 508 Walnut Ave
  3. 680 S Fadia St
  4. 415 Kane St

Nearest zipcodes within 2 miles

No Zipcodes available