INVESTimate
$43,664
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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
Financial Details
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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
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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 34.44%. 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
