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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

828 Spring Meadow Ln Malta, IL 60150

4 Beds 0 Baths 1,423 sqft Built 0
Last updated:  Dec 26, 2019

INVESTimate

$156,026

$139K - $173K

Price Est.

$1,272

$1.2K - $1.4K

Rent Est.

$162,579  ( +4.2%)   1 YR EST. FORECAST
  
  
  

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828 Spring Meadow Ln PROPERTY INFO

FACTS
  • Built In 0
  • Price/Sqft : $109.65
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,423 sqft
  • Baths : 0 Full

828 Spring Meadow Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MALTA ELEMENTARY SCHOOL Primary Regular 307 15 5
HUNTLEY MIDDLE SCHOOL Middle Regular 606 39 4
DEKALB HIGH SCHOOL High Regular 1,723 91 6

MALTA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 307
  • # of teachers: 15
5
GreatSchools Rating

HUNTLEY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 606
  • # of teachers: 39
4
GreatSchools Rating

DEKALB HIGH SCHOOL

  • Education Level: High
  • # of students: 1,723
  • # of teachers: 91
6
GreatSchools Rating
 

Financial Details

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Neighborhood

Prairie Springs

  • 198

    POPULATION
  • 56

    HOUSEHOLDS
  • 63.3%

    WHITE COLLAR

Neighborhood : Prairie Springs

HOUSEHOLDS
56
POPULATION

198

13.6%Renters
86.4%Home Owners
LABOR FORCE

 

63.3%White Collar
36.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 47% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,272 per month.

MY RENT : $1,272 MEDIAN RENT : $1,214

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 97.8%
>=$1,500 2.2%
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 $1,272 would therefore be considered affordable for annual household incomes greater than $50,880 (12 months x 3.333 x $1,272).

Rent % Affordability
Above $500 91.1%
Above $700 78.2%
Above $1,100 66.4%
Above $1,500 51.8%
Above $1,900 31.6%
HOUSEHOLD INCOME RANGE

Approximately 31 of households in this neighborhood have a total annual income of $50,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,272 per month.

MINIMUM INCOME RANGE : $50,880

Income % Distribution
<$20K 8.9%
$20K-$35K 19.6%
$35K-$60K 19.6%
$60K-$100K 33.9%
>=$100K 17.9%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.9%
5-9 mins 4.3%
10-14 mins 14.5%
15-19 mins 26.1%
20-29 mins 15.9%
30-44 mins 7.2%
45-59 mins 13.0%
>60 mins 15.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 47% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,272 per month.

MY RENT : $1,272 MEDIAN RENT : $1,214

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 97.8%
>=$1,500 2.2%
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 $1,272 would therefore be considered affordable for annual household incomes greater than $50,880 (12 months x 3.333 x $1,272).

Rent % Affordability
Above $500 91.1%
Above $700 78.2%
Above $1,100 66.4%
Above $1,500 51.8%
Above $1,900 31.6%
HOUSEHOLD INCOME RANGE

Approximately 31 of households in this neighborhood have a total annual income of $50,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,272 per month.

MINIMUM INCOME RANGE : $50,880

Income % Distribution
<$20K 8.9%
$20K-$35K 19.6%
$35K-$60K 19.6%
$60K-$100K 33.9%
>=$100K 17.9%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 29% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.9%
5-9 mins 4.3%
10-14 mins 14.5%
15-19 mins 26.1%
20-29 mins 15.9%
30-44 mins 7.2%
45-59 mins 13.0%
>60 mins 15.9%

Prairie Springs Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.7%
Construction 8.6%
Educational Services 8.6%
Manufacturing 9.7%
Retail & Wholesale Trader 17.2%
Transportation 7.5%
Other 38.7%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 34% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 23.2%
15-19 5.6%
20-24 5.6%
25-44 28.3%
45-65 26.3%
66+ 11.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.4%
Healthcare 5.9%
Management, Business, & Financial 23.5%
Natural Resources Maintenance 14.7%
Production & Transportation 8.8%
Sales & Office 26.5%
Other 13.2%
HIGHEST EDUCATION LEVEL

11% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.7%
High School 25.0%
Masters Degree 2.9%
Some College 34.6%
Some High School 6.7%
Other 24.0%

828 Spring Meadow Ln Comps

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828 Spring Meadow Ln, Malta, IL 60150 is a single family home of 1,423 sqft. HomeUnion INVESTimateĀ® for 828 Spring Meadow Ln includes a Price Estimate of $156,026 and a Rent Estimate of $1,272. This single family home has 4 bedrooms,0 bathrooms, and was built in 0. This property has an estimated 15 year annualized Yield of 9.78% and Total Return of 12.67%. The estimated 1 year forecast in home value for 828 Spring Meadow Ln is 4.2%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , DEKALB County , or the 60150 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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