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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

7255 Renken Rd Dorsey, IL 62021

3 Beds 0 Baths 1,176 sqft Built 1944
Last updated:  Dec 26, 2019

INVESTimate

$47,875

$45.2K - $50.5K

Price Est.

$931

861 - $1.0K

Rent Est.

$49,302  ( +2.98%)   1 YR EST. FORECAST
  
  
  

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7255 Renken Rd PROPERTY INFO

FACTS
  • Built In 1944
  • Price/Sqft : $40.71
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,176 sqft
  • Baths : 0 Full

7255 Renken Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WORDEN ELEMENTARY SCHOOL Primary Regular 280 16 8
LINCOLN MIDDLE SCHOOL Middle Regular 798 50 8
EDWARDSVILLE HIGH SCHOOL High Regular 2,355 142 10

WORDEN ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 16
8
GreatSchools Rating

LINCOLN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 798
  • # of teachers: 50
8
GreatSchools Rating

EDWARDSVILLE HIGH SCHOOL

  • Education Level: High
  • # of students: 2,355
  • # of teachers: 142
10
GreatSchools Rating
 

Financial Details

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Neighborhood

DORSEY

  • 985

    POPULATION
  • 391

    HOUSEHOLDS
  • 61.8%

    WHITE COLLAR

Neighborhood : DORSEY

HOUSEHOLDS
391
POPULATION

985

5.4%Renters
94.6%Home Owners
LABOR FORCE

 

61.8%White Collar
38.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $931 per month.

MY RENT : $931 MEDIAN RENT : $1,076

Rent % Distribution LEVEL
$500-699 0.3%
$700-899 14.4%
$900-999 22.1%
$1,000-1,499 57.9%
>=$1,500 5.4%
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 $931 would therefore be considered affordable for annual household incomes greater than $37,240 (12 months x 3.333 x $931).

Rent % Affordability
Above $500 93.3%
Above $700 88.7%
Above $1,100 80.3%
Above $1,500 67.4%
Above $1,900 54.5%
HOUSEHOLD INCOME RANGE

Approximately 287 of households in this neighborhood have a total annual income of $37,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $931 per month.

MINIMUM INCOME RANGE : $37,240

Income % Distribution
<$20K 6.7%
$20K-$35K 9.7%
$35K-$60K 16.2%
$60K-$100K 33.6%
>=$100K 33.8%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 3.8%
10-14 mins 8.5%
15-19 mins 7.1%
20-29 mins 30.4%
30-44 mins 25.3%
45-59 mins 15.4%
>60 mins 8.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 78% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $931 per month.

MY RENT : $931 MEDIAN RENT : $1,076

Rent % Distribution
$500-699 0.3%
$700-899 14.4%
$900-999 22.1%
$1,000-1,499 57.9%
>=$1,500 5.4%
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 $931 would therefore be considered affordable for annual household incomes greater than $37,240 (12 months x 3.333 x $931).

Rent % Affordability
Above $500 93.3%
Above $700 88.7%
Above $1,100 80.3%
Above $1,500 67.4%
Above $1,900 54.5%
HOUSEHOLD INCOME RANGE

Approximately 287 of households in this neighborhood have a total annual income of $37,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $931 per month.

MINIMUM INCOME RANGE : $37,240

Income % Distribution
<$20K 6.7%
$20K-$35K 9.7%
$35K-$60K 16.2%
$60K-$100K 33.6%
>=$100K 33.8%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 3.8%
10-14 mins 8.5%
15-19 mins 7.1%
20-29 mins 30.4%
30-44 mins 25.3%
45-59 mins 15.4%
>60 mins 8.1%

DORSEY Demographics

INDUSTRY

Industry % Distribution
Construction 10.5%
Educational Services 7.9%
Health Care & Social Assistance 15.8%
Manufacturing 9.9%
Professional & Scientific Tech Services 8.3%
Retail & Wholesale Trader 10.1%
Other 37.7%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 27% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 17.2%
15-19 5.3%
20-24 4.3%
25-44 22.7%
45-65 34.2%
66+ 16.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.6%
Healthcare 8.8%
Management, Business, & Financial 15.8%
Natural Resources Maintenance 11.6%
Production & Transportation 16.3%
Sales & Office 22.2%
Other 15.8%
HIGHEST EDUCATION LEVEL

19% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 11.0%
High School 29.0%
Masters Degree 6.1%
Some College 28.2%
Some High School 4.8%
Other 20.8%

7255 Renken Rd Comps

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7255 Renken Rd, Dorsey, IL 62021 is a single family home of 1,176 sqft. HomeUnion INVESTimateĀ® for 7255 Renken Rd includes a Price Estimate of $47,875 and a Rent Estimate of $931. This single family home has 3 bedrooms,0 bathrooms, and was built in 1944. This property has an estimated 15 year annualized Yield of 23.34% and Total Return of 36.20%. The estimated 1 year forecast in home value for 7255 Renken Rd is 2.98%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , MADISON County , or the 62021 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Similar Investment Properties By List Price within 2 miles

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  2. 7044 Renken Rd

Nearest zipcodes within 2 miles

  1. 62097
  2. 62067