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This page contains information about each property aggregated from public data sources, 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.

53 W Lewis Ave Phoenix, AZ 85003

0 Beds 0 Baths 1,942 sqft Built 1925
Last updated:  Jun 30, 2018

INVESTimate

$502,370

$471K - $534K

Price Est.

$1,987

$1.8K - $2.2K

Rent Est.

$531,909  ( +5.88%)   1 YR EST. FORECAST

53 W Lewis Ave PROPERTY INFO

FACTS
  • Built In 1925
  • Price/Sqft : $258.69
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,942 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
53 W Lewis Ave, Phoenix, AZ 85003 is a single family home of 1,942 sqft. HomeUnion estimate for 53 W Lewis Ave includes a Price Estimate of $502,370 and a Rent Estimate of $1,987. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1925. This property has an estimated 15 year annualized Yield of 4.75% and Total Return of 16.30%. The estimated 1 year forecast in home value for 53 W Lewis Ave is 5.88%.
  
  
  

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53 W Lewis Ave SCHOOLS

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

CENTRAL HIGH SCHOOL

  • Education Level: High
  • # of students: 2,324
  • # of teachers: 141
3
GreatSchools Rating
 

Financial Details

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Neighborhood

Las Verdes

  • 22

    POPULATION
  • 11

    HOUSEHOLDS
  • 92.6%

    WHITE COLLAR

Neighborhood : Las Verdes

HOUSEHOLDS
11
POPULATION

22

30.0%Renters
70.0%Home Owners
LABOR FORCE

 

92.6%White Collar
7.4%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 $2,070 per month.

MY RENT : $2,070 MEDIAN RENT : $1,536

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 37.5%
>=$1,500 62.5%
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 $2,070 would therefore be considered affordable for annual household incomes greater than $82,800 (12 months x 3.333 x $2,070).

Rent % Affordability
Above $500 100.0%
Above $700 100.0%
Above $1,100 100.0%
Above $1,500 100.0%
Above $1,900 98.9%
HOUSEHOLD INCOME RANGE

Approximately 5 of households in this neighborhood have a total annual income of $82,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,070 per month.

MINIMUM INCOME RANGE : $82,800

Income % Distribution
<$20K 0.0%
$20K-$35K 0.0%
$35K-$60K 0.0%
$60K-$100K 28.6%
>=$100K 71.4%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 0% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.7%
5-9 mins 15.4%
10-14 mins 7.7%
15-19 mins 15.4%
20-29 mins 30.8%
30-44 mins 23.1%
45-59 mins 0.0%
>60 mins 0.0%
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 $2,070 per month.

MY RENT : $2,070 MEDIAN RENT : $1,536

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 37.5%
>=$1,500 62.5%
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 $2,070 would therefore be considered affordable for annual household incomes greater than $82,800 (12 months x 3.333 x $2,070).

Rent % Affordability
Above $500 100.0%
Above $700 100.0%
Above $1,100 100.0%
Above $1,500 100.0%
Above $1,900 98.9%
HOUSEHOLD INCOME RANGE

Approximately 5 of households in this neighborhood have a total annual income of $82,800 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,070 per month.

MINIMUM INCOME RANGE : $82,800

Income % Distribution
<$20K 0.0%
$20K-$35K 0.0%
$35K-$60K 0.0%
$60K-$100K 28.6%
>=$100K 71.4%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 0% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.7%
5-9 mins 15.4%
10-14 mins 7.7%
15-19 mins 15.4%
20-29 mins 30.8%
30-44 mins 23.1%
45-59 mins 0.0%
>60 mins 0.0%

Las Verdes Demographics

INDUSTRY

Industry % Distribution
Educational Services 20.0%
Financial Industries 13.3%
Professional & Scientific Tech Services 20.0%
Public Administration 6.7%
Retail & Wholesale Trader 13.3%
Transportation 6.7%
Other 20.0%
AGE DISTRIBUTION

73% of the population is between the ages of 25 and 64, 14% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 9.1%
15-19 0.0%
20-24 4.5%
25-44 31.8%
45-65 40.9%
66+ 13.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.1%
Construction 18.2%
Legal 9.1%
Management, Business, & Financial 27.3%
Sales & Office 36.4%
Social 0.0%
Other 0.0%
HIGHEST EDUCATION LEVEL

29% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
High School 17.6%
Masters Degree 11.8%
Professional 5.9%
Some College 17.6%
Some High School 5.9%
Other 41.2%

53 W Lewis Ave Comps

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