INVESTimate
$43,664
Financial Details517 S 1st Ave PROPERTY INFO
FACTS
- Built In 1926
- Price/Sqft : $80.92
CONSTRUCTION
- Beds : 0
- Floor Size : 1,500 sqft
- Baths : 0 Full
PROPERTY DESCRIPTION
517 S 1st Ave, Phoenix, AZ 85003 is a single family home of 1,500 sqft. HomeUnion estimate for 517 S 1st Ave includes a Price Estimate of $121,375 and a Rent Estimate of $1,659. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1926. This property has an estimated 15 year annualized Yield of 16.40% and Total Return of 34.44%. The estimated 1 year forecast in home value for 517 S 1st Ave is 0.45%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
517 S 1st Ave SCHOOLS
Financial Details
See Financial Details
To review the detailed projections for this property, sign up for a FREE account
Warehouse District
Neighborhood : Warehouse District
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 62% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,635 per month.
MY RENT : $1,635 MEDIAN RENT : $1,517
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 $1,635 would therefore be considered affordable for annual household incomes greater than $65,400 (12 months x 3.333 x $1,635).
HOUSEHOLD INCOME RANGE
Approximately 109 of households in this neighborhood have a total annual income of $65,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,635 per month.
MINIMUM INCOME RANGE : $65,400
COMMUTE TIME DISTRIBUTION
46% of the working population has a commute time of 15 to 44 minutes, 41% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.
Warehouse District Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 7.1% |
| Arts & Entertainment | 16.5% |
| Health Care & Social Assistance | 9.4% |
| Professional & Scientific Tech Services | 6.5% |
| Public Administration | 11.2% |
| Retail & Wholesale Trader | 11.2% |
| Other | 38.2% |
AGE DISTRIBUTION
70% of the population is between the ages of 25 and 64, 26% is 24 or younger and 4% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 11.7% |
| 15-19 | 4.2% |
| 20-24 | 10.5% |
| 25-44 | 43.3% |
| 45-65 | 26.6% |
| 66+ | 3.7% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 7.8% |
| Computer Engineering | 11.2% |
| Education | 8.6% |
| Management, Business, & Financial | 13.8% |
| Production & Transportation | 9.5% |
| Sales & Office | 25.9% |
| Other | 23.3% |
HIGHEST EDUCATION LEVEL
9% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 2.9% |
| High School | 25.6% |
| Masters Degree | 3.9% |
| Some College | 24.0% |
| Some High School | 27.8% |
| Other | 15.8% |
517 S 1st Ave Comps
Sorry, we do not have sufficient data available.
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
