Financials
INVESTimate
$79,187
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387 N 2nd Ave 1h PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $194.98
CONSTRUCTION
- Beds : 0
- Floor Size : 1,310 sqft
- Baths : 0 Full
387 N 2nd Ave 1h SCHOOLS
Financial Details
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Copper Square
Neighborhood : Copper Square
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 60% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,645 per month.
MY RENT : $1,645 MEDIAN RENT : $1,557
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 $1,645 would therefore be considered affordable for annual household incomes greater than $65,800 (12 months x 3.333 x $1,645).
HOUSEHOLD INCOME RANGE
Approximately 21 of households in this neighborhood have a total annual income of $65,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,645 per month.
MINIMUM INCOME RANGE : $65,800
COMMUTE TIME DISTRIBUTION
54% of the working population has a commute time of 15 to 44 minutes, 40% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.
Copper Square Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 11.3% |
| Educational Services | 20.6% |
| Financial Industries | 6.2% |
| Health Care & Social Assistance | 16.7% |
| Professional & Scientific Tech Services | 10.8% |
| Retail & Wholesale Trader | 5.4% |
| Other | 29.0% |
AGE DISTRIBUTION
59% of the population is between the ages of 25 and 64, 34% is 24 or younger and 7% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 1.5% |
| 15-19 | 12.9% |
| 20-24 | 20.1% |
| 25-44 | 29.0% |
| 45-65 | 29.8% |
| 66+ | 6.7% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Adesm | 3.7% |
| Construction | 7.4% |
| Healthcare | 6.0% |
| Management, Business, & Financial | 28.4% |
| Production & Transportation | 4.7% |
| Sales & Office | 36.7% |
| Other | 13.0% |
HIGHEST EDUCATION LEVEL
18% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 6.9% |
| High School | 24.2% |
| Masters Degree | 7.3% |
| Some College | 24.8% |
| Some High School | 19.0% |
| Other | 17.8% |
387 N 2nd Ave 1h Comps
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387 N 2nd Ave 1h, Phoenix, AZ 85003 is a single family home of 1,310 sqft. HomeUnion INVESTimateĀ® for 387 N 2nd Ave 1h includes a Price Estimate of $255,421 and a Rent Estimate of $1,782. This single family home has 0 bedrooms,0 bathrooms, and was built in 2001. This property has an estimated 15 year annualized Yield of 8.37% and Total Return of 23.32%. The estimated 1 year forecast in home value for 387 N 2nd Ave 1h is 5.8%.
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
