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316 W Cambridge Ave PROPERTY INFO
FACTS
- Built In 1947
- Price/Sqft : $254.39
CONSTRUCTION
- Beds : 0
- Floor Size : 1,714 sqft
- Baths : 0 Full
316 W Cambridge Ave SCHOOLS
Financial Details
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Loma Vista Place
Neighborhood : Loma Vista Place
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 95% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,864 per month.
MY RENT : $1,864 MEDIAN RENT : $1,671
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 $1,864 would therefore be considered affordable for annual household incomes greater than $74,560 (12 months x 3.333 x $1,864).
HOUSEHOLD INCOME RANGE
Approximately 13 of households in this neighborhood have a total annual income of $74,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,864 per month.
MINIMUM INCOME RANGE : $74,560
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.
Loma Vista Place Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Educational Services | 18.5% |
| Financial Industries | 11.1% |
| Manufacturing | 7.4% |
| Professional & Scientific Tech Services | 18.5% |
| Public Administration | 7.4% |
| Retail & Wholesale Trader | 11.1% |
| Other | 25.9% |
AGE DISTRIBUTION
78% of the population is between the ages of 25 and 64, 10% is 24 or younger and 12% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 7.3% |
| 15-19 | 0.0% |
| 20-24 | 2.4% |
| 25-44 | 34.1% |
| 45-65 | 43.9% |
| 66+ | 12.2% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 9.1% |
| Construction | 18.2% |
| Legal | 9.1% |
| Management, Business, & Financial | 27.3% |
| Sales & Office | 31.8% |
| Social | 4.5% |
| Other | 0.0% |
HIGHEST EDUCATION LEVEL
31% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Doctorate | 8.6% |
| High School | 17.1% |
| Masters Degree | 11.4% |
| Professional | 8.6% |
| Some College | 20.0% |
| Other | 34.3% |
316 W Cambridge Ave Comps
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316 W Cambridge Ave, Phoenix, AZ 85003 is a single family home of 1,714 sqft. HomeUnion INVESTimateĀ® for 316 W Cambridge Ave includes a Price Estimate of $436,016 and a Rent Estimate of $1,676. This single family home has 0 bedrooms,0 bathrooms, and was built in 1947. This property has an estimated 15 year annualized Yield of 4.61% and Total Return of 16.75%. The estimated 1 year forecast in home value for 316 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
