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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.

63 W Cambridge Ave Phoenix, AZ 85003

0 Beds 0 Baths 1,060 sqft Built 1941
Last updated:  Jun 30, 2018

INVESTimate

$318,242

$298K - $338K

Price Est.

$1,348

$1.2K - $1.5K

Rent Est.

$336,955  ( +5.88%)   1 YR EST. FORECAST

63 W Cambridge Ave PROPERTY INFO

FACTS
  • Built In 1941
  • Price/Sqft : $300.23
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,060 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
63 W Cambridge Ave, Phoenix, AZ 85003 is a single family home of 1,060 sqft. HomeUnion estimate for 63 W Cambridge Ave includes a Price Estimate of $318,242 and a Rent Estimate of $1,348. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1941. This property has an estimated 15 year annualized Yield of 5.08% and Total Return of 18.07%. The estimated 1 year forecast in home value for 63 W Cambridge Ave is 5.88%.
  
  
  

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63 W Cambridge 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

Cambridge

  • 25

    POPULATION
  • 13

    HOUSEHOLDS
  • 92.6%

    WHITE COLLAR

Neighborhood : Cambridge

HOUSEHOLDS
13
POPULATION

25

33.3%Renters
66.7%Home Owners
LABOR FORCE

 

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

Approximately 67% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,503 per month.

MY RENT : $1,503 MEDIAN RENT : $1,652

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 33.3%
>=$1,500 66.7%
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 $1,503 would therefore be considered affordable for annual household incomes greater than $60,120 (12 months x 3.333 x $1,503).

Rent % Affordability
Above $500 100.0%
Above $700 100.0%
Above $1,100 100.0%
Above $1,500 100.0%
Above $1,900 99.0%
HOUSEHOLD INCOME RANGE

Approximately 7 of households in this neighborhood have a total annual income of $60,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,503 per month.

MINIMUM INCOME RANGE : $60,120

Income % Distribution
<$20K 0.0%
$20K-$35K 0.0%
$35K-$60K 0.0%
$60K-$100K 25.0%
>=$100K 75.0%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 33% 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 6.7%
5-9 mins 13.3%
10-14 mins 13.3%
15-19 mins 13.3%
20-29 mins 26.7%
30-44 mins 26.7%
45-59 mins 0.0%
>60 mins 0.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 67% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,503 per month.

MY RENT : $1,503 MEDIAN RENT : $1,652

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 33.3%
>=$1,500 66.7%
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 $1,503 would therefore be considered affordable for annual household incomes greater than $60,120 (12 months x 3.333 x $1,503).

Rent % Affordability
Above $500 100.0%
Above $700 100.0%
Above $1,100 100.0%
Above $1,500 100.0%
Above $1,900 99.0%
HOUSEHOLD INCOME RANGE

Approximately 7 of households in this neighborhood have a total annual income of $60,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,503 per month.

MINIMUM INCOME RANGE : $60,120

Income % Distribution
<$20K 0.0%
$20K-$35K 0.0%
$35K-$60K 0.0%
$60K-$100K 25.0%
>=$100K 75.0%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 33% 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 6.7%
5-9 mins 13.3%
10-14 mins 13.3%
15-19 mins 13.3%
20-29 mins 26.7%
30-44 mins 26.7%
45-59 mins 0.0%
>60 mins 0.0%

Cambridge Demographics

INDUSTRY

Industry % Distribution
Educational Services 18.8%
Financial Industries 12.5%
Professional & Scientific Tech Services 18.8%
Public Administration 6.2%
Retail & Wholesale Trader 12.5%
Transportation 6.2%
Other 25.0%
AGE DISTRIBUTION

76% of the population is between the ages of 25 and 64, 12% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 8.0%
15-19 0.0%
20-24 4.0%
25-44 32.0%
45-65 44.0%
66+ 12.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.1%
Construction 21.4%
Legal 7.1%
Management, Business, & Financial 28.6%
Sales & Office 28.6%
Social 7.1%
Other 0.0%
HIGHEST EDUCATION LEVEL

33% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 9.5%
High School 14.3%
Masters Degree 9.5%
Professional 9.5%
Some College 19.0%
Other 38.1%

63 W Cambridge Ave Comps

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