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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

1001 S 3rd Ave Phoenix, AZ 85003

0 Beds 0 Baths 1,220 sqft Built 1999
Last updated:  Jun 30, 2018

INVESTimate

$121,444

$114K - $129K

Price Est.

$1,283

$1.2K - $1.4K

Rent Est.

$138,058  ( +13.68%)   1 YR EST. FORECAST
  
  
  

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1001 S 3rd Ave PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $99.54
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,220 sqft
  • Baths : 0 Full

1001 S 3rd Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LOWELL SCHOOL Primary Regular 696 33 2
LOWELL SCHOOL Middle Regular 696 33 2
CENTRAL HIGH SCHOOL High Regular 2,324 141 3

LOWELL SCHOOL

  • Education Level: Primary
  • # of students: 696
  • # of teachers: 33
2
GreatSchools Rating

LOWELL SCHOOL

  • Education Level: Middle
  • # of students: 696
  • # of teachers: 33
2
GreatSchools Rating

CENTRAL HIGH SCHOOL

  • Education Level: High
  • # of students: 2,324
  • # of teachers: 141
3
GreatSchools Rating
 

Financial Details

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Neighborhood

Central City South

  • 9,972

    POPULATION
  • 2,892

    HOUSEHOLDS
  • 35.6%

    WHITE COLLAR

Neighborhood : Central City South

HOUSEHOLDS
2,892
POPULATION

9,972

78.5%Renters
21.5%Home Owners
LABOR FORCE

 

35.6%White Collar
64.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 12% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,566 per month.

MY RENT : $1,566 MEDIAN RENT : $1,011

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 32.1%
$900-999 16.1%
$1,000-1,499 39.6%
>=$1,500 12.1%
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 $1,566 would therefore be considered affordable for annual household incomes greater than $62,640 (12 months x 3.333 x $1,566).

Rent % Affordability
Above $500 40.7%
Above $700 31.6%
Above $1,100 18.7%
Above $1,500 10.1%
Above $1,900 7.6%
HOUSEHOLD INCOME RANGE

Approximately 200 of households in this neighborhood have a total annual income of $62,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,566 per month.

MINIMUM INCOME RANGE : $62,640

Income % Distribution
<$20K 59.3%
$20K-$35K 16.8%
$35K-$60K 13.7%
$60K-$100K 5.1%
>=$100K 5.0%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 8.8%
10-14 mins 16.9%
15-19 mins 12.6%
20-29 mins 21.1%
30-44 mins 22.7%
45-59 mins 3.4%
>60 mins 12.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 12% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,566 per month.

MY RENT : $1,566 MEDIAN RENT : $1,011

Rent % Distribution
$500-699 0.0%
$700-899 32.1%
$900-999 16.1%
$1,000-1,499 39.6%
>=$1,500 12.1%
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 $1,566 would therefore be considered affordable for annual household incomes greater than $62,640 (12 months x 3.333 x $1,566).

Rent % Affordability
Above $500 40.7%
Above $700 31.6%
Above $1,100 18.7%
Above $1,500 10.1%
Above $1,900 7.6%
HOUSEHOLD INCOME RANGE

Approximately 200 of households in this neighborhood have a total annual income of $62,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,566 per month.

MINIMUM INCOME RANGE : $62,640

Income % Distribution
<$20K 59.3%
$20K-$35K 16.8%
$35K-$60K 13.7%
$60K-$100K 5.1%
>=$100K 5.0%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 8.8%
10-14 mins 16.9%
15-19 mins 12.6%
20-29 mins 21.1%
30-44 mins 22.7%
45-59 mins 3.4%
>60 mins 12.6%

Central City South Demographics

INDUSTRY

Industry % Distribution
Administrative Support 10.0%
Arts & Entertainment 14.3%
Construction 10.2%
Health Care & Social Assistance 10.2%
Manufacturing 8.3%
Retail & Wholesale Trader 11.4%
Other 35.6%
AGE DISTRIBUTION

42% of the population is between the ages of 25 and 64, 48% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 30.1%
15-19 8.4%
20-24 9.8%
25-44 23.6%
45-65 18.2%
66+ 9.8%
OCCUPATION

Occupation % Distribution
Clean 10.0%
Education 9.3%
Healthcare 7.0%
Natural Resources Maintenance 18.1%
Production & Transportation 21.9%
Sales & Office 17.4%
Other 16.3%
HIGHEST EDUCATION LEVEL

5% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 3.6%
High School 27.9%
Masters Degree 0.7%
Some College 15.4%
Some High School 46.7%
Other 5.7%

1001 S 3rd Ave Comps

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1001 S 3rd Ave, Phoenix, AZ 85003 is a single family home of 1,220 sqft. HomeUnion INVESTimateĀ® for 1001 S 3rd Ave includes a Price Estimate of $121,444 and a Rent Estimate of $1,283. This single family home has 0 bedrooms,0 bathrooms, and was built in 1999. This property has an estimated 15 year annualized Yield of 12.68% and Total Return of 45.66%. The estimated 1 year forecast in home value for 1001 S 3rd Ave is 13.68%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in AZ , MARICOPA County , or the 85003 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2