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894 Galway Ln PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $111.81
CONSTRUCTION
- Beds : 3
- Floor Size : 1,617 sqft
- Baths : 2 Full
894 Galway Ln SCHOOLS
Financial Details
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Cambridge Lakes
Neighborhood : Cambridge Lakes
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,559 per month.
MY RENT : $1,559 MEDIAN RENT : $1,599
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 $1,559 would therefore be considered affordable for annual household incomes greater than $62,360 (12 months x 3.333 x $1,559).
HOUSEHOLD INCOME RANGE
Approximately 687 of households in this neighborhood have a total annual income of $62,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,559 per month.
MINIMUM INCOME RANGE : $62,360
COMMUTE TIME DISTRIBUTION
41% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 47% has a commute time of 45 minutes or longer.
Cambridge Lakes Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Construction | 8.3% |
| Educational Services | 10.1% |
| Financial Industries | 12.0% |
| Health Care & Social Assistance | 10.5% |
| Manufacturing | 16.6% |
| Retail & Wholesale Trader | 10.9% |
| Other | 31.5% |
AGE DISTRIBUTION
51% of the population is between the ages of 25 and 64, 41% is 24 or younger and 8% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 26.7% |
| 15-19 | 8.4% |
| 20-24 | 6.2% |
| 25-44 | 26.3% |
| 45-65 | 24.2% |
| 66+ | 8.1% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 7.0% |
| Healthcare | 10.0% |
| Management, Business, & Financial | 9.3% |
| Natural Resources Maintenance | 7.4% |
| Production & Transportation | 18.4% |
| Sales & Office | 34.3% |
| Other | 13.7% |
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 | 6.8% |
| High School | 23.8% |
| Masters Degree | 8.5% |
| Some College | 29.7% |
| Some High School | 8.2% |
| Other | 23.1% |
894 Galway Ln Comps
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894 Galway Ln, Pingree Grove, IL 60140 is a single family home of 1,617 sqft. HomeUnion INVESTimateĀ® for 894 Galway Ln includes a Price Estimate of $180,793 and a Rent Estimate of $1,559. This single family home has 3 bedrooms,2 bathrooms, and was built in 2005. This property has an estimated 15 year annualized Yield of 10.35% and Total Return of 25.19%. The estimated 1 year forecast in home value for 894 Galway Ln is 6.82%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , KANE County , or the 60140 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
