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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

502 W Cambridge Ave Phoenix, AZ 85003

0 Beds 0 Baths 2,034 sqft Built 1948
Last updated:  Jun 30, 2018

INVESTimate

$416,561

$390K - $443K

Price Est.

$1,769

$1.6K - $1.9K

Rent Est.

$441,055  ( +5.88%)   1 YR EST. FORECAST
  
  
  

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502 W Cambridge Ave PROPERTY INFO

FACTS
  • Built In 1948
  • Price/Sqft : $204.80
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,034 sqft
  • Baths : 0 Full

502 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

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Neighborhood

Loma Vista Place

  • 41

    POPULATION
  • 20

    HOUSEHOLDS
  • 92.6%

    WHITE COLLAR

Neighborhood : Loma Vista Place

HOUSEHOLDS
20
POPULATION

41

33.3%Renters
66.7%Home Owners
LABOR FORCE

 

92.6%White Collar
7.4%Blue Collar
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 $1,960 per month.

MY RENT : $1,960 MEDIAN RENT : $1,671

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 4.8%
>=$1,500 95.2%
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 $1,960 would therefore be considered affordable for annual household incomes greater than $78,400 (12 months x 3.333 x $1,960).

Rent % Affordability
Above $500 100.0%
Above $700 100.0%
Above $1,100 90.0%
Above $1,500 85.0%
Above $1,900 74.2%
HOUSEHOLD INCOME RANGE

Approximately 12 of households in this neighborhood have a total annual income of $78,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,960 per month.

MINIMUM INCOME RANGE : $78,400

Income % Distribution
<$20K 0.0%
$20K-$35K 5.0%
$35K-$60K 10.0%
$60K-$100K 30.0%
>=$100K 55.0%
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.

Time (mins) % Distribution
<5 mins 4.0%
5-9 mins 16.0%
10-14 mins 12.0%
15-19 mins 12.0%
20-29 mins 28.0%
30-44 mins 24.0%
45-59 mins 0.0%
>60 mins 4.0%
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 $1,960 per month.

MY RENT : $1,960 MEDIAN RENT : $1,671

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 4.8%
>=$1,500 95.2%
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 $1,960 would therefore be considered affordable for annual household incomes greater than $78,400 (12 months x 3.333 x $1,960).

Rent % Affordability
Above $500 100.0%
Above $700 100.0%
Above $1,100 90.0%
Above $1,500 85.0%
Above $1,900 74.2%
HOUSEHOLD INCOME RANGE

Approximately 12 of households in this neighborhood have a total annual income of $78,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,960 per month.

MINIMUM INCOME RANGE : $78,400

Income % Distribution
<$20K 0.0%
$20K-$35K 5.0%
$35K-$60K 10.0%
$60K-$100K 30.0%
>=$100K 55.0%
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.

Time (mins) % Distribution
<5 mins 4.0%
5-9 mins 16.0%
10-14 mins 12.0%
15-19 mins 12.0%
20-29 mins 28.0%
30-44 mins 24.0%
45-59 mins 0.0%
>60 mins 4.0%

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%

502 W Cambridge Ave Comps

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502 W Cambridge Ave, Phoenix, AZ 85003 is a single family home of 2,034 sqft. HomeUnion INVESTimateĀ® for 502 W Cambridge Ave includes a Price Estimate of $416,561 and a Rent Estimate of $1,769. This single family home has 0 bedrooms,0 bathrooms, and was built in 1948. This property has an estimated 15 year annualized Yield of 5.10% and Total Return of 16.99%. The estimated 1 year forecast in home value for 502 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