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501 W Cambridge Ave PROPERTY INFO
FACTS
- Built In 1942
- Price/Sqft : $253.22
CONSTRUCTION
- Beds : 0
- Floor Size : 1,425 sqft
- Baths : 0 Full
501 W Cambridge Ave SCHOOLS
Financial Details
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Loma Vista
Neighborhood : Loma Vista
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 $1,632 per month.
MY RENT : $1,632 MEDIAN RENT : $1,725
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 $1,632 would therefore be considered affordable for annual household incomes greater than $65,280 (12 months x 3.333 x $1,632).
HOUSEHOLD INCOME RANGE
Approximately 27 of households in this neighborhood have a total annual income of $65,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,632 per month.
MINIMUM INCOME RANGE : $65,280
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.
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% |
501 W Cambridge Ave Comps
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501 W Cambridge Ave, Phoenix, AZ 85003 is a single family home of 1,425 sqft. HomeUnion INVESTimateĀ® for 501 W Cambridge Ave includes a Price Estimate of $360,835 and a Rent Estimate of $1,553. This single family home has 0 bedrooms,0 bathrooms, and was built in 1942. This property has an estimated 15 year annualized Yield of 5.16% and Total Return of 17.94%. The estimated 1 year forecast in home value for 501 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
