INVESTimate
$63,268
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624 W Goodenow Rd PROPERTY INFO
FACTS
- Built In 1946
- Price/Sqft : $98.46
CONSTRUCTION
- Beds : 0
- Floor Size : 1,984 sqft
- Baths : 0 Full
624 W Goodenow Rd SCHOOLS
Financial Details
See Financial Details
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BEECHER
Neighborhood : BEECHER
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 33% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,375 per month.
MY RENT : $1,375 MEDIAN RENT : $1,122
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 $1,375 would therefore be considered affordable for annual household incomes greater than $55,000 (12 months x 3.333 x $1,375).
HOUSEHOLD INCOME RANGE
Approximately 1,774 of households in this neighborhood have a total annual income of $55,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,375 per month.
MINIMUM INCOME RANGE : $55,000
COMMUTE TIME DISTRIBUTION
60% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.
BEECHER Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Construction | 8.1% |
Educational Services | 7.9% |
Health Care & Social Assistance | 14.9% |
Manufacturing | 11.8% |
Retail & Wholesale Trader | 21.4% |
Transportation | 7.3% |
Other | 28.6% |
AGE DISTRIBUTION
53% of the population is between the ages of 25 and 64, 27% is 24 or younger and 20% is 65 or older.
Age | % Distribution |
---|---|
<15 | 15.8% |
15-19 | 5.8% |
20-24 | 5.3% |
25-44 | 21.6% |
45-65 | 31.3% |
66+ | 20.2% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 4.2% |
Healthcare | 8.9% |
Management, Business, & Financial | 12.0% |
Natural Resources Maintenance | 11.4% |
Production & Transportation | 18.2% |
Sales & Office | 32.5% |
Other | 12.8% |
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 | 12.4% |
High School | 36.8% |
Masters Degree | 3.5% |
Some College | 24.0% |
Some High School | 7.7% |
Other | 15.5% |
624 W Goodenow Rd Comps
624 W Goodenow Rd, Beecher, IL 60401 is a single family home of 1,984 sqft. HomeUnion INVESTimateĀ® for 624 W Goodenow Rd includes a Price Estimate of $195,352 and a Rent Estimate of $1,375. This single family home has 0 bedrooms,0 bathrooms, and was built in 1946. This property has an estimated 15 year annualized Yield of 8.45% and Total Return of 12.68%. The estimated 1 year forecast in home value for 624 W Goodenow Rd is 4.2%.
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