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918 S 3rd Ave Phoenix, AZ 85003

0 Beds 0 Baths 1,048 sqft Built 1952

Last updated: Jun 30, 2018

INVESTimate

$110,496

$104K - $117K

Price Est.

$1,074

991 - $1.2K

Rent Est.

$40,781

Investment Est.

$125,612 ( +13.68%) 1 YR EST. FORECAST

1 YEAR (ESTIMATED)
Gross Yield	11.66%
NOI	$8,141

15 YEAR (ESTIMATED)
Yield	17.05%
Appreciation	6.23%
TOTAL RETURN	43.43%

1 YEAR (ESTIMATED)
11.66% Gross Yield	$8,141 Net Operating Income NOI

15 YEAR (ESTIMATED)
17.05% Yield	6.23% Appreciation	43.43% TOTAL RETURN

SOLD DATE: Aug 31, 1992

$34,500

SOLD PRICE

EDIT

SOLD DATE: Aug 31, 1992

$34,500

SOLD PRICE

EDIT

918 S 3rd Ave PROPERTY INFO

FACTS

Built In 1952
Price/Sqft : $105.44

CONSTRUCTION

Beds : 0
Floor Size : 1,048 sqft
Baths : 0 Full

PROPERTY DESCRIPTION

918 S 3rd Ave, Phoenix, AZ 85003 is a single family home of 1,048 sqft. HomeUnion estimate for 918 S 3rd Ave includes a Price Estimate of $110,496 and a Rent Estimate of $1,074. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1952. This property has an estimated 15 year annualized Yield of 11.66% and Total Return of 43.43%. The estimated 1 year forecast in home value for 918 S 3rd Ave is 13.68%.

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Projected Rent

$134,700

$41,446

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SEE PRICE & RENT TRENDS

918 S 3rd 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

GreatSchools Rating

Financial Details

See Financial Details

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Neighborhood

Central City South

9,972

POPULATION
2,892

HOUSEHOLDS
35.6%

WHITE COLLAR

Neighborhood : Central City South

HOUSEHOLDS

2,892

POPULATION

9,972

78.5%Renters

21.5%Home Owners

LABOR FORCE

35.6%White Collar

64.4%Blue Collar

DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 16% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,450 per month.

MY RENT : $1,450 MEDIAN RENT : $1,011

Rent	% Distribution LEVEL
$500-699	0.0%
$700-899	32.1%
$900-999	16.1%
$1,000-1,499	39.7%
>=$1,500	12.1%

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 $1,450 would therefore be considered affordable for annual household incomes greater than $58,000 (12 months x 3.333 x $1,450).

Rent	% Affordability
Above $500	40.7%
Above $700	31.6%
Above $1,100	18.7%
Above $1,500	10.1%
Above $1,900	7.6%

HOUSEHOLD INCOME RANGE

Approximately 306 of households in this neighborhood have a total annual income of $58,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,450 per month.

MINIMUM INCOME RANGE : $58,000

Income	% Distribution
<$20K	59.3%
$20K-$35K	16.8%
$35K-$60K	13.7%
$60K-$100K	5.1%
>=$100K	5.0%

COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins)	% Distribution
<5 mins	1.9%
5-9 mins	8.8%
10-14 mins	16.9%
15-19 mins	12.6%
20-29 mins	21.1%
30-44 mins	22.7%
45-59 mins	3.4%
>60 mins	12.6%

DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 16% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,450 per month.

MY RENT : $1,450 MEDIAN RENT : $1,011

Rent	% Distribution
$500-699	0.0%
$700-899	32.1%
$900-999	16.1%
$1,000-1,499	39.7%
>=$1,500	12.1%

Household Rent Affordability

Rent	% Affordability
Above $500	40.7%
Above $700	31.6%
Above $1,100	18.7%
Above $1,500	10.1%
Above $1,900	7.6%

HOUSEHOLD INCOME RANGE

MINIMUM INCOME RANGE : $58,000

Income	% Distribution
<$20K	59.3%
$20K-$35K	16.8%
$35K-$60K	13.7%
$60K-$100K	5.1%
>=$100K	5.0%

COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins)	% Distribution
<5 mins	1.9%
5-9 mins	8.8%
10-14 mins	16.9%
15-19 mins	12.6%
20-29 mins	21.1%
30-44 mins	22.7%
45-59 mins	3.4%
>60 mins	12.6%

Central City South Demographics

INDUSTRY

Industry	% Distribution
Administrative Support	10.0%
Arts & Entertainment	14.3%
Construction	10.2%
Health Care & Social Assistance	10.2%
Manufacturing	8.3%
Retail & Wholesale Trader	11.4%
Other	35.6%

OCCUPATION

Occupation	% Distribution
Clean	10.0%
Education	9.3%
Healthcare	7.0%
Natural Resources Maintenance	18.1%
Production & Transportation	21.9%
Sales & Office	17.4%
Other	16.3%

AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age	% Distribution
<15	30.1%
15-19	8.4%
20-24	9.8%
25-44	23.6%
45-65	18.2%
66+	9.8%

HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorâ??s degree or higher.

Education Level	% Distribution
Associates Degree	3.6%
High School	27.9%
Masters Degree	0.7%
Some College	15.4%
Some High School	46.7%
Other	5.7%

Central City South Demographics

INDUSTRY

Industry	% Distribution
Administrative Support	10.0%
Arts & Entertainment	14.3%
Construction	10.2%
Health Care & Social Assistance	10.2%
Manufacturing	8.3%
Retail & Wholesale Trader	11.4%
Other	35.6%

AGE DISTRIBUTION

42% of the population is between the ages of 25 and 64, 48% is 24 or younger and 10% is 65 or older.

Age	% Distribution
<15	30.1%
15-19	8.4%
20-24	9.8%
25-44	23.6%
45-65	18.2%
66+	9.8%

OCCUPATION

Occupation	% Distribution
Clean	10.0%
Education	9.3%
Healthcare	7.0%
Natural Resources Maintenance	18.1%
Production & Transportation	21.9%
Sales & Office	17.4%
Other	16.3%

HIGHEST EDUCATION LEVEL

5% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level	% Distribution
Associates Degree	3.6%
High School	27.9%
Masters Degree	0.7%
Some College	15.4%
Some High School	46.7%
Other	5.7%

918 S 3rd Ave Comps

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918 S 3rd Ave Phoenix, AZ 85003

INVESTimate

$110,496

$1,074

$40,781

$34,500

$34,500

918 S 3rd Ave PROPERTY INFO

FACTS

CONSTRUCTION

PROPERTY DESCRIPTION

OTHER REAL ESTATE INVESTMENT PROPERTIES

The following properties with Estimated Highest Gross Yields are available in other markets.

918 S 3rd Ave SCHOOLS

CENTRAL HIGH SCHOOL

Financial Details

See Financial Details

Central City South

9,972

POPULATION

2,892

HOUSEHOLDS

35.6%

WHITE COLLAR

Neighborhood : Central City South

HOUSEHOLDS

POPULATION

9,972

LABOR FORCE

DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Household Rent Affordability

HOUSEHOLD INCOME RANGE

COMMUTE TIME DISTRIBUTION

DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Household Rent Affordability

HOUSEHOLD INCOME RANGE

COMMUTE TIME DISTRIBUTION

INDUSTRY

OCCUPATION

AGE DISTRIBUTION

HIGHEST EDUCATION LEVEL

Central City South Demographics

INDUSTRY

AGE DISTRIBUTION

OCCUPATION

HIGHEST EDUCATION LEVEL

Crime Rate

CRIME RATE

918 S 3rd Ave Comps

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