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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

511 W Edgemont Ave Phoenix, AZ 85003

0 Beds 0 Baths 1,818 sqft Built 1949
Last updated:  Jun 30, 2018

INVESTimate

$447,635

$420K - $476K

Price Est.

$1,903

$1.7K - $2.1K

Rent Est.

$473,956  ( +5.88%)   1 YR EST. FORECAST
  
  
  

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511 W Edgemont Ave PROPERTY INFO

FACTS
  • Built In 1949
  • Price/Sqft : $246.22
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,818 sqft
  • Baths : 0 Full

511 W Edgemont 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

Lou Mar Vista

  • 122

    POPULATION
  • 64

    HOUSEHOLDS
  • 92.6%

    WHITE COLLAR

Neighborhood : Lou Mar Vista

HOUSEHOLDS
64
POPULATION

122

31.0%Renters
69.0%Home Owners
LABOR FORCE

 

92.6%White Collar
7.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,899 per month.

MY RENT : $1,899 MEDIAN RENT : $1,739

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 3.0%
>=$1,500 97.0%
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 $1,899 would therefore be considered affordable for annual household incomes greater than $75,960 (12 months x 3.333 x $1,899).

Rent % Affordability
Above $500 95.7%
Above $700 91.9%
Above $1,100 81.4%
Above $1,500 73.9%
Above $1,900 66.0%
HOUSEHOLD INCOME RANGE

Approximately 39 of households in this neighborhood have a total annual income of $75,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,899 per month.

MINIMUM INCOME RANGE : $75,960

Income % Distribution
<$20K 4.3%
$20K-$35K 8.7%
$35K-$60K 13.0%
$60K-$100K 23.2%
>=$100K 50.7%
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 5.2%
5-9 mins 16.9%
10-14 mins 10.4%
15-19 mins 11.7%
20-29 mins 29.9%
30-44 mins 22.1%
45-59 mins 0.0%
>60 mins 3.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,899 per month.

MY RENT : $1,899 MEDIAN RENT : $1,739

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 3.0%
>=$1,500 97.0%
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 $1,899 would therefore be considered affordable for annual household incomes greater than $75,960 (12 months x 3.333 x $1,899).

Rent % Affordability
Above $500 95.7%
Above $700 91.9%
Above $1,100 81.4%
Above $1,500 73.9%
Above $1,900 66.0%
HOUSEHOLD INCOME RANGE

Approximately 39 of households in this neighborhood have a total annual income of $75,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,899 per month.

MINIMUM INCOME RANGE : $75,960

Income % Distribution
<$20K 4.3%
$20K-$35K 8.7%
$35K-$60K 13.0%
$60K-$100K 23.2%
>=$100K 50.7%
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 5.2%
5-9 mins 16.9%
10-14 mins 10.4%
15-19 mins 11.7%
20-29 mins 29.9%
30-44 mins 22.1%
45-59 mins 0.0%
>60 mins 3.9%

Lou Mar Vista Demographics

INDUSTRY

Industry % Distribution
Educational Services 18.8%
Financial Industries 10.6%
Health Care & Social Assistance 8.2%
Professional & Scientific Tech Services 18.8%
Public Administration 8.2%
Retail & Wholesale Trader 10.6%
Other 24.7%
AGE DISTRIBUTION

77% of the population is between the ages of 25 and 64, 11% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 8.2%
15-19 0.8%
20-24 2.5%
25-44 32.8%
45-65 44.3%
66+ 11.5%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.6%
Construction 17.1%
Legal 7.1%
Management, Business, & Financial 25.7%
Sales & Office 30.0%
Social 4.3%
Other 7.1%
HIGHEST EDUCATION LEVEL

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

Education Level % Distribution
Doctorate 7.3%
High School 16.4%
Masters Degree 11.8%
Professional 8.2%
Some College 19.1%
Other 37.3%

511 W Edgemont Ave Comps

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511 W Edgemont Ave, Phoenix, AZ 85003 is a single family home of 1,818 sqft. HomeUnion INVESTimateĀ® for 511 W Edgemont Ave includes a Price Estimate of $447,635 and a Rent Estimate of $1,903. This single family home has 0 bedrooms,0 bathrooms, and was built in 1949. This property has an estimated 15 year annualized Yield of 5.10% and Total Return of 17.34%. The estimated 1 year forecast in home value for 511 W Edgemont 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