INVESTimate
$50,280
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8424 S Schiller St PROPERTY INFO
FACTS
- Built In 1954
- Price/Sqft : $130.66
CONSTRUCTION
- Beds : 2
- Floor Size : 1,120 sqft
- Baths : 0 Full
8424 S Schiller St SCHOOLS
Financial Details
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DORSEY
Neighborhood : DORSEY
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $897 per month.
MY RENT : $897 MEDIAN RENT : $1,076
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 $897 would therefore be considered affordable for annual household incomes greater than $35,880 (12 months x 3.333 x $897).
HOUSEHOLD INCOME RANGE
Approximately 288 of households in this neighborhood have a total annual income of $35,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $897 per month.
MINIMUM INCOME RANGE : $35,880
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.
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% |
8424 S Schiller St Comps
8424 S Schiller St, Dorsey, IL 62021 is a single family home of 1,120 sqft. HomeUnion INVESTimateĀ® for 8424 S Schiller St includes a Price Estimate of $146,341 and a Rent Estimate of $897. This single family home has 2 bedrooms,0 bathrooms, and was built in 1954. This property has an estimated 15 year annualized Yield of 7.36% and Total Return of 13.46%. The estimated 1 year forecast in home value for 8424 S Schiller St 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