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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

517 S 1st Ave Phoenix, AZ 85003

0 Beds 0 Baths 1,500 sqft Built 1926
Last updated:  Jun 30, 2018

INVESTimate

$121,375

$114K - $129K

Price Est.

$1,659

$1.5K - $1.8K

Rent Est.

$121,921  ( +0.45%)   1 YR EST. FORECAST
  
  
  

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517 S 1st Ave PROPERTY INFO

FACTS
  • Built In 1926
  • Price/Sqft : $80.92
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,500 sqft
  • Baths : 0 Full

517 S 1st Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LOWELL SCHOOL Primary Regular 696 33 2
LOWELL SCHOOL Middle Regular 696 33 2
CENTRAL HIGH SCHOOL High Regular 2,324 141 3

LOWELL SCHOOL

  • Education Level: Primary
  • # of students: 696
  • # of teachers: 33
2
GreatSchools Rating

LOWELL SCHOOL

  • Education Level: Middle
  • # of students: 696
  • # of teachers: 33
2
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

Warehouse District

  • 617

    POPULATION
  • 329

    HOUSEHOLDS
  • 66.3%

    WHITE COLLAR

Neighborhood : Warehouse District

HOUSEHOLDS
329
POPULATION

617

91.0%Renters
9.0%Home Owners
LABOR FORCE

 

66.3%White Collar
33.7%Blue Collar
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

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 38.1%
>=$1,500 61.9%
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).

Rent % Affordability
Above $500 67.3%
Above $700 61.2%
Above $1,100 50.0%
Above $1,500 41.2%
Above $1,900 37.5%
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

Income % Distribution
<$20K 32.7%
$20K-$35K 12.7%
$35K-$60K 13.3%
$60K-$100K 12.7%
>=$100K 28.5%
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.

Time (mins) % Distribution
<5 mins 8.2%
5-9 mins 17.0%
10-14 mins 15.8%
15-19 mins 14.0%
20-29 mins 18.1%
30-44 mins 14.0%
45-59 mins 5.3%
>60 mins 7.6%
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

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 38.1%
>=$1,500 61.9%
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).

Rent % Affordability
Above $500 67.3%
Above $700 61.2%
Above $1,100 50.0%
Above $1,500 41.2%
Above $1,900 37.5%
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

Income % Distribution
<$20K 32.7%
$20K-$35K 12.7%
$35K-$60K 13.3%
$60K-$100K 12.7%
>=$100K 28.5%
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.

Time (mins) % Distribution
<5 mins 8.2%
5-9 mins 17.0%
10-14 mins 15.8%
15-19 mins 14.0%
20-29 mins 18.1%
30-44 mins 14.0%
45-59 mins 5.3%
>60 mins 7.6%

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

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517 S 1st Ave, Phoenix, AZ 85003 is a single family home of 1,500 sqft. HomeUnion INVESTimateĀ® 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 40.31%. The estimated 1 year forecast in home value for 517 S 1st Ave is 0.45%.

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