INVESTimate
$40,206
Financial Details2530 S 6th Ave PROPERTY INFO
FACTS
- Built In 1946
- Price/Sqft : $110.09
CONSTRUCTION
- Beds : 0
- Floor Size : 984 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
2530 S 6th Ave, Phoenix, AZ 85003 is a single family home of 984 sqft. HomeUnion estimate for 2530 S 6th Ave includes a Price Estimate of $108,326 and a Rent Estimate of $815. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1946. This property has an estimated 15 year annualized Yield of 9.03% and Total Return of 43.63%. The estimated 1 year forecast in home value for 2530 S 6th Ave is 16.62%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
2530 S 6th Ave SCHOOLS
Financial Details
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Central City
Neighborhood : Central City
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 17% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,385 per month.
MY RENT : $1,385 MEDIAN RENT : $1,053
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 $1,385 would therefore be considered affordable for annual household incomes greater than $55,400 (12 months x 3.333 x $1,385).
HOUSEHOLD INCOME RANGE
Approximately 3,100 of households in this neighborhood have a total annual income of $55,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,385 per month.
MINIMUM INCOME RANGE : $55,400
COMMUTE TIME DISTRIBUTION
60% of the working population has a commute time of 15 to 44 minutes, 29% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.
Central City Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 9.2% |
| Arts & Entertainment | 15.4% |
| Construction | 8.2% |
| Health Care & Social Assistance | 11.1% |
| Manufacturing | 7.3% |
| Retail & Wholesale Trader | 10.8% |
| Other | 38.1% |
AGE DISTRIBUTION
50% of the population is between the ages of 25 and 64, 42% is 24 or younger and 8% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 25.1% |
| 15-19 | 7.6% |
| 20-24 | 9.0% |
| 25-44 | 30.3% |
| 45-65 | 20.2% |
| 66+ | 7.8% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 11.6% |
| Education | 7.3% |
| Management, Business, & Financial | 10.0% |
| Natural Resources Maintenance | 11.1% |
| Production & Transportation | 15.2% |
| Sales & Office | 22.2% |
| Other | 22.5% |
HIGHEST EDUCATION LEVEL
9% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 4.2% |
| High School | 24.9% |
| Masters Degree | 3.1% |
| Some College | 17.5% |
| Some High School | 38.9% |
| Other | 11.4% |
2530 S 6th Ave Comps
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