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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

2731 N 3rd Ave Phoenix, AZ 85003

0 Beds 0 Baths 1,125 sqft Built 1950
Last updated:  Jun 30, 2018

INVESTimate

$311,819

$292K - $331K

Price Est.

$1,361

$1.3K - $1.5K

Rent Est.

$330,154  ( +5.88%)   1 YR EST. FORECAST
  
  
  

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2731 N 3rd Ave PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $277.17
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,125 sqft
  • Baths : 0 Full

2731 N 3rd Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ENCANTO SCHOOL Primary Alternative 664 31 5
OSBORN MIDDLE SCHOOL Middle Alternative 578 30 5
CENTRAL HIGH SCHOOL High Regular 2,324 141 3

ENCANTO SCHOOL

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 31
5
GreatSchools Rating

OSBORN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 578
  • # of teachers: 30
5
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

Wellington Place

  • 140

    POPULATION
  • 70

    HOUSEHOLDS
  • 92.6%

    WHITE COLLAR

Neighborhood : Wellington Place

HOUSEHOLDS
70
POPULATION

140

30.9%Renters
69.1%Home Owners
LABOR FORCE

 

92.6%White Collar
7.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,494 per month.

MY RENT : $1,494 MEDIAN RENT : $1,669

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 11.8%
>=$1,500 88.2%
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 $1,494 would therefore be considered affordable for annual household incomes greater than $59,760 (12 months x 3.333 x $1,494).

Rent % Affordability
Above $500 95.9%
Above $700 92.3%
Above $1,100 82.5%
Above $1,500 75.3%
Above $1,900 67.8%
HOUSEHOLD INCOME RANGE

Approximately 55 of households in this neighborhood have a total annual income of $59,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,494 per month.

MINIMUM INCOME RANGE : $59,760

Income % Distribution
<$20K 4.1%
$20K-$35K 8.2%
$35K-$60K 12.3%
$60K-$100K 23.3%
>=$100K 52.1%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 31% 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 4.5%
5-9 mins 15.9%
10-14 mins 10.2%
15-19 mins 12.5%
20-29 mins 29.5%
30-44 mins 22.7%
45-59 mins 0.0%
>60 mins 4.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 88% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,494 per month.

MY RENT : $1,494 MEDIAN RENT : $1,669

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 11.8%
>=$1,500 88.2%
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 $1,494 would therefore be considered affordable for annual household incomes greater than $59,760 (12 months x 3.333 x $1,494).

Rent % Affordability
Above $500 95.9%
Above $700 92.3%
Above $1,100 82.5%
Above $1,500 75.3%
Above $1,900 67.8%
HOUSEHOLD INCOME RANGE

Approximately 55 of households in this neighborhood have a total annual income of $59,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,494 per month.

MINIMUM INCOME RANGE : $59,760

Income % Distribution
<$20K 4.1%
$20K-$35K 8.2%
$35K-$60K 12.3%
$60K-$100K 23.3%
>=$100K 52.1%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 31% 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 4.5%
5-9 mins 15.9%
10-14 mins 10.2%
15-19 mins 12.5%
20-29 mins 29.5%
30-44 mins 22.7%
45-59 mins 0.0%
>60 mins 4.5%

Wellington Place Demographics

INDUSTRY

Industry % Distribution
Educational Services 18.6%
Financial Industries 11.3%
Health Care & Social Assistance 8.2%
Professional & Scientific Tech Services 18.6%
Public Administration 8.2%
Retail & Wholesale Trader 11.3%
Other 23.7%
AGE DISTRIBUTION

77% of the population is between the ages of 25 and 64, 11% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 7.1%
15-19 0.7%
20-24 2.9%
25-44 32.9%
45-65 44.3%
66+ 12.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.8%
Construction 17.5%
Legal 7.5%
Management, Business, & Financial 25.0%
Sales & Office 31.2%
Social 3.8%
Other 6.2%
HIGHEST EDUCATION LEVEL

31% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 7.6%
High School 16.9%
Masters Degree 11.9%
Professional 7.6%
Some College 19.5%
Other 36.4%

2731 N 3rd Ave Comps

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2731 N 3rd Ave, Phoenix, AZ 85003 is a single family home of 1,125 sqft. HomeUnion INVESTimateĀ® for 2731 N 3rd Ave includes a Price Estimate of $311,819 and a Rent Estimate of $1,361. This single family home has 0 bedrooms,0 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 5.24% and Total Return of 20.18%. The estimated 1 year forecast in home value for 2731 N 3rd Ave is 5.88%.

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