Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

305 W Cambridge Ave Phoenix, AZ 85003

0 Beds 0 Baths 1,615 sqft Built 1948
Last updated:  Jun 30, 2018

INVESTimate

$403,705

$378K - $429K

Price Est.

$1,590

$1.5K - $1.7K

Rent Est.

$427,443  ( +5.88%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 643 EGRET CT Streetsboro, OH
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 2003
    AVAILABLE
    • 22.42% GROSS YIELD
    • $5,748 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $76,000
    • $25,890
    • $1,420
  • 9137 SANDPIPER DR Streetsboro, OH
    • 2 beds 2 baths ∙ 1,542 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,542 Sqft ∙ Built 2001
    AVAILABLE
    • 19.86% GROSS YIELD
    • $5,767 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $87,000
    • $28,805
    • $1,440
  • 25670 Forestview Ave Euclid, OH
    • 3 beds 1 baths ∙ 1,581 Sqft ∙ Built 1944 3 beds 1 baths ∙ 1,581 Sqft ∙ Built 1944
    AVAILABLE
    • 16.88% GROSS YIELD
    • $5,803 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $72,500
    • $24,962
    • $1,020
  • 5525 Elmwood Ave Maple Heights, OH
    • 3 beds 1 baths ∙ 1,296 Sqft ∙ Built 1956 3 beds 1 baths ∙ 1,296 Sqft ∙ Built 1956
    AVAILABLE
    • 16.55% GROSS YIELD
    • $5,690 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $72,500
    • $24,962
    • $1,000

305 W Cambridge Ave PROPERTY INFO

FACTS
  • Built In 1948
  • Price/Sqft : $249.97
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,615 sqft
  • Baths : 0 Full

305 W Cambridge 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

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

Loma Vista

  • 86

    POPULATION
  • 44

    HOUSEHOLDS
  • 92.5%

    WHITE COLLAR

Neighborhood : Loma Vista

HOUSEHOLDS
44
POPULATION

86

30.6%Renters
69.4%Home Owners
LABOR FORCE

 

92.5%White Collar
7.5%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,770 per month.

MY RENT : $1,770 MEDIAN RENT : $1,725

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $1,770 would therefore be considered affordable for annual household incomes greater than $70,800 (12 months x 3.333 x $1,770).

Rent % Affordability
Above $500 95.3%
Above $700 91.6%
Above $1,100 83.7%
Above $1,500 76.7%
Above $1,900 71.4%
HOUSEHOLD INCOME RANGE

Approximately 27 of households in this neighborhood have a total annual income of $70,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,770 per month.

MINIMUM INCOME RANGE : $70,800

Income % Distribution
<$20K 4.7%
$20K-$35K 7.0%
$35K-$60K 11.6%
$60K-$100K 20.9%
>=$100K 55.8%
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 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.1%
5-9 mins 16.9%
10-14 mins 10.2%
15-19 mins 11.9%
20-29 mins 30.5%
30-44 mins 22.0%
45-59 mins 0.0%
>60 mins 3.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,770 per month.

MY RENT : $1,770 MEDIAN RENT : $1,725

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $1,770 would therefore be considered affordable for annual household incomes greater than $70,800 (12 months x 3.333 x $1,770).

Rent % Affordability
Above $500 95.3%
Above $700 91.6%
Above $1,100 83.7%
Above $1,500 76.7%
Above $1,900 71.4%
HOUSEHOLD INCOME RANGE

Approximately 27 of households in this neighborhood have a total annual income of $70,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,770 per month.

MINIMUM INCOME RANGE : $70,800

Income % Distribution
<$20K 4.7%
$20K-$35K 7.0%
$35K-$60K 11.6%
$60K-$100K 20.9%
>=$100K 55.8%
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 3% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.1%
5-9 mins 16.9%
10-14 mins 10.2%
15-19 mins 11.9%
20-29 mins 30.5%
30-44 mins 22.0%
45-59 mins 0.0%
>60 mins 3.4%

Loma Vista Demographics

INDUSTRY

Industry % Distribution
Educational Services 18.6%
Financial Industries 10.2%
Health Care & Social Assistance 8.5%
Professional & Scientific Tech Services 18.6%
Public Administration 8.5%
Retail & Wholesale Trader 11.9%
Other 23.7%
AGE DISTRIBUTION

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

Age % Distribution
<15 8.1%
15-19 1.2%
20-24 2.3%
25-44 32.6%
45-65 44.2%
66+ 11.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.6%
Construction 17.3%
Legal 7.7%
Management, Business, & Financial 25.0%
Sales & Office 28.8%
Social 3.8%
Other 7.7%
HIGHEST EDUCATION LEVEL

32% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 8.0%
High School 17.3%
Masters Degree 12.0%
Professional 8.0%
Some College 18.7%
Other 36.0%

305 W Cambridge Ave Comps

Sorry, we do not have sufficient data available.

305 W Cambridge Ave, Phoenix, AZ 85003 is a single family home of 1,615 sqft. HomeUnion INVESTimateĀ® for 305 W Cambridge Ave includes a Price Estimate of $403,705 and a Rent Estimate of $1,590. This single family home has 0 bedrooms,0 bathrooms, and was built in 1948. This property has an estimated 15 year annualized Yield of 4.73% and Total Return of 15.48%. The estimated 1 year forecast in home value for 305 W Cambridge 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