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This page contains information about each property aggregated from public data sources, 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.

504 S East St New Athens, IL 62264

0 Beds 0 Baths 784 sqft Built 1913
Last updated:  Jan 23, 2020

INVESTimate

$78,073

$74.5K - $81.7K

Price Est.

$597

553 - 641

Rent Est.

$81,797  ( +4.77%)   1 YR EST. FORECAST

504 S East St PROPERTY INFO

FACTS
  • Built In 1913
  • Price/Sqft : $99.58
CONSTRUCTION
  • Beds : 0
  • Floor Size : 784 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
504 S East St, New Athens, IL 62264 is a single family home of 784 sqft. HomeUnion estimate for 504 S East St includes a Price Estimate of $78,073 and a Rent Estimate of $597. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1913. This property has an estimated 15 year annualized Yield of 9.18% and Total Return of 12.40%. The estimated 1 year forecast in home value for 504 S East St is 4.77%.
  
  
  

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504 S East St SCHOOLS

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Financial Details

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Neighborhood

NEW ATHENS

  • 3,316

    POPULATION
  • 1,268

    HOUSEHOLDS
  • 59.8%

    WHITE COLLAR

Neighborhood : NEW ATHENS

HOUSEHOLDS
1,268
POPULATION

3,316

22.3%Renters
77.7%Home Owners
LABOR FORCE

 

59.8%White Collar
40.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 79% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $597 per month.

MY RENT : $597 MEDIAN RENT : $721

Rent % Distribution LEVEL
$400-699 44.0%
$700-899 31.6%
$900-999 14.8%
$1,000-1,499 9.6%
>=$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 $597 would therefore be considered affordable for annual household incomes greater than $23,880 (12 months x 3.333 x $597).

Rent % Affordability
Above $500 87.7%
Above $700 78.1%
Above $1,100 64.0%
Above $1,500 47.0%
Above $1,900 38.0%
HOUSEHOLD INCOME RANGE

Approximately 2,607 of households in this neighborhood have a total annual income of $23,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $597 per month.

MINIMUM INCOME RANGE : $23,880

Income % Distribution
<$20K 12.3%
$20K-$35K 14.2%
$35K-$60K 26.5%
$60K-$100K 24.6%
>=$100K 22.4%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.6%
5-9 mins 5.6%
10-14 mins 8.6%
15-19 mins 7.4%
20-29 mins 15.1%
30-44 mins 33.6%
45-59 mins 11.3%
>60 mins 9.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 79% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $597 per month.

MY RENT : $597 MEDIAN RENT : $721

Rent % Distribution
$400-699 44.0%
$700-899 31.6%
$900-999 14.8%
$1,000-1,499 9.6%
>=$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 $597 would therefore be considered affordable for annual household incomes greater than $23,880 (12 months x 3.333 x $597).

Rent % Affordability
Above $500 87.7%
Above $700 78.1%
Above $1,100 64.0%
Above $1,500 47.0%
Above $1,900 38.0%
HOUSEHOLD INCOME RANGE

Approximately 2,607 of households in this neighborhood have a total annual income of $23,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $597 per month.

MINIMUM INCOME RANGE : $23,880

Income % Distribution
<$20K 12.3%
$20K-$35K 14.2%
$35K-$60K 26.5%
$60K-$100K 24.6%
>=$100K 22.4%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.6%
5-9 mins 5.6%
10-14 mins 8.6%
15-19 mins 7.4%
20-29 mins 15.1%
30-44 mins 33.6%
45-59 mins 11.3%
>60 mins 9.8%

NEW ATHENS Demographics

INDUSTRY

Industry % Distribution
Construction 8.3%
Educational Services 6.9%
Health Care & Social Assistance 20.0%
Manufacturing 11.7%
Retail & Wholesale Trader 14.6%
Transportation 7.9%
Other 30.6%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 32% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 20.6%
15-19 6.8%
20-24 4.6%
25-44 25.4%
45-65 27.6%
66+ 15.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.7%
Healthcare 14.8%
Management, Business, & Financial 14.7%
Natural Resources Maintenance 10.5%
Production & Transportation 19.8%
Sales & Office 19.6%
Other 16.0%
HIGHEST EDUCATION LEVEL

17% 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 32.8%
Masters Degree 3.7%
Some College 26.4%
Some High School 10.5%
Other 15.0%

504 S East St Comps

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