INVESTimate
$122,620
2650 N 5th Ave PROPERTY INFO
FACTS
- Built In 1955
- Price/Sqft : $244.64
CONSTRUCTION
- Beds : 0
- Floor Size : 1,714 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
2650 N 5th Ave, Phoenix, AZ 85003 is a single family home of 1,714 sqft. HomeUnion estimate for 2650 N 5th Ave includes a Price Estimate of $419,319 and a Rent Estimate of $1,722. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1955. This property has an estimated 15 year annualized Yield of 4.93% and Total Return of 17.59%. The estimated 1 year forecast in home value for 2650 N 5th Ave is 5.88%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
2650 N 5th Ave SCHOOLS
Financial Details
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Lou Mar Vista
Neighborhood : Lou Mar Vista
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,795 per month.
MY RENT : $1,795 MEDIAN RENT : $1,739
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 $1,795 would therefore be considered affordable for annual household incomes greater than $71,800 (12 months x 3.333 x $1,795).
HOUSEHOLD INCOME RANGE
Approximately 40 of households in this neighborhood have a total annual income of $71,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,795 per month.
MINIMUM INCOME RANGE : $71,800
COMMUTE TIME DISTRIBUTION
64% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.
Lou Mar Vista Demographics
INDUSTRY
Industry | % Distribution |
---|---|
Educational Services | 18.8% |
Financial Industries | 10.6% |
Health Care & Social Assistance | 8.2% |
Professional & Scientific Tech Services | 18.8% |
Public Administration | 8.2% |
Retail & Wholesale Trader | 10.6% |
Other | 24.7% |
AGE DISTRIBUTION
77% of the population is between the ages of 25 and 64, 11% is 24 or younger and 11% is 65 or older.
Age | % Distribution |
---|---|
<15 | 8.2% |
15-19 | 0.8% |
20-24 | 2.5% |
25-44 | 32.8% |
45-65 | 44.3% |
66+ | 11.5% |
OCCUPATION
Occupation | % Distribution |
---|---|
Computer Engineering | 8.6% |
Construction | 17.1% |
Legal | 7.1% |
Management, Business, & Financial | 25.7% |
Sales & Office | 30.0% |
Social | 4.3% |
Other | 7.1% |
HIGHEST EDUCATION LEVEL
32% of adults 25 and older have an education level of a bachelor's degree or higher.
Education Level | % Distribution |
---|---|
Doctorate | 7.3% |
High School | 16.4% |
Masters Degree | 11.8% |
Professional | 8.2% |
Some College | 19.1% |
Other | 37.3% |
2650 N 5th Ave Comps
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