INVESTimate
$40,781
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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
918 S 3rd Ave SCHOOLS
Financial Details
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Central City South
Neighborhood : Central City South
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
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).
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
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.
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
918 S 3rd Ave, Phoenix, AZ 85003 is a single family home of 1,048 sqft. HomeUnion INVESTimateĀ® 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%.
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