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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

2124 N 3rd Ave Phoenix, AZ 85003

0 Beds 0 Baths 2,703 sqft Built 1950
Last updated:  Jun 30, 2018

INVESTimate

$893,099

$837K - $949K

Price Est.

$2,157

$2.0K - $2.3K

Rent Est.

$918,106  ( +2.8%)   1 YR EST. FORECAST
  
  
  

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2124 N 3rd Ave PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $330.41
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,703 sqft
  • Baths : 0 Full

2124 N 3rd Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
KENILWORTH SCHOOL Primary Regular 637 30 4
KENILWORTH SCHOOL Middle Regular 637 30 4
CENTRAL HIGH SCHOOL High Regular 2,324 141 3

KENILWORTH SCHOOL

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 30
4
GreatSchools Rating

KENILWORTH SCHOOL

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 30
4
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

Willo

  • 2,457

    POPULATION
  • 1,214

    HOUSEHOLDS
  • 90.8%

    WHITE COLLAR

Neighborhood : Willo

HOUSEHOLDS
1,214
POPULATION

2,457

33.7%Renters
66.3%Home Owners
LABOR FORCE

 

90.8%White Collar
9.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 89% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,609 per month.

MY RENT : $2,609 MEDIAN RENT : $1,736

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 10.9%
>=$1,500 89.1%
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 $2,609 would therefore be considered affordable for annual household incomes greater than $104,360 (12 months x 3.333 x $2,609).

Rent % Affordability
Above $500 93.0%
Above $700 90.0%
Above $1,100 80.5%
Above $1,500 73.0%
Above $1,900 68.2%
HOUSEHOLD INCOME RANGE

Approximately 389 of households in this neighborhood have a total annual income of $104,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,609 per month.

MINIMUM INCOME RANGE : $104,360

Income % Distribution
<$20K 7.0%
$20K-$35K 5.8%
$35K-$60K 14.2%
$60K-$100K 18.1%
>=$100K 54.9%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.3%
5-9 mins 13.0%
10-14 mins 13.9%
15-19 mins 12.5%
20-29 mins 26.3%
30-44 mins 26.5%
45-59 mins 0.6%
>60 mins 4.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 89% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,609 per month.

MY RENT : $2,609 MEDIAN RENT : $1,736

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 10.9%
>=$1,500 89.1%
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 $2,609 would therefore be considered affordable for annual household incomes greater than $104,360 (12 months x 3.333 x $2,609).

Rent % Affordability
Above $500 93.0%
Above $700 90.0%
Above $1,100 80.5%
Above $1,500 73.0%
Above $1,900 68.2%
HOUSEHOLD INCOME RANGE

Approximately 389 of households in this neighborhood have a total annual income of $104,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,609 per month.

MINIMUM INCOME RANGE : $104,360

Income % Distribution
<$20K 7.0%
$20K-$35K 5.8%
$35K-$60K 14.2%
$60K-$100K 18.1%
>=$100K 54.9%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.3%
5-9 mins 13.0%
10-14 mins 13.9%
15-19 mins 12.5%
20-29 mins 26.3%
30-44 mins 26.5%
45-59 mins 0.6%
>60 mins 4.0%

Willo Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.7%
Educational Services 15.5%
Health Care & Social Assistance 9.9%
Professional & Scientific Tech Services 16.7%
Public Administration 9.0%
Retail & Wholesale Trader 15.9%
Other 25.2%
AGE DISTRIBUTION

74% of the population is between the ages of 25 and 64, 16% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 9.6%
15-19 3.7%
20-24 2.5%
25-44 36.1%
45-65 38.2%
66+ 10.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 14.2%
Construction 13.4%
Healthcare 4.7%
Legal 7.7%
Management, Business, & Financial 24.9%
Sales & Office 26.2%
Other 8.8%
HIGHEST EDUCATION LEVEL

35% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 6.1%
High School 11.4%
Masters Degree 13.9%
Professional 10.2%
Some College 23.1%
Other 35.3%

2124 N 3rd Ave Comps

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2124 N 3rd Ave, Phoenix, AZ 85003 is a single family home of 2,703 sqft. HomeUnion INVESTimateĀ® for 2124 N 3rd Ave includes a Price Estimate of $893,099 and a Rent Estimate of $2,157. This single family home has 0 bedrooms,0 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 2.90% and Total Return of 6.20%. The estimated 1 year forecast in home value for 2124 N 3rd Ave is 2.8%.

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