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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.

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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.

2016 N 1st Ave Phoenix, AZ 85003

0 Beds 0 Baths 2,712 sqft Built 2007
Last updated:  Dec 26, 2019

INVESTimate

$689,635

$616K - $763K

Price Est.

$2,543

$1.8K - $3.3K

Rent Est.

$708,945  ( +2.8%)   1 YR EST. FORECAST

2016 N 1st Ave PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $254.29
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,712 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
2016 N 1st Ave, Phoenix, AZ 85003 is a single family home of 2,712 sqft. HomeUnion estimate for 2016 N 1st Ave includes a Price Estimate of $689,635 and a Rent Estimate of $2,543. This single family home has 0 bedrooms, 0 bathrooms, and was built in 2007. This property has an estimated 15 year annualized Yield of 4.42% and Total Return of 11.18%. The estimated 1 year forecast in home value for 2016 N 1st Ave is 2.8%.
  
  
  

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2016 N 1st 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

Willo

  • 2,457

    POPULATION
  • 1,214

    HOUSEHOLDS
  • 90.8%

    WHITE COLLAR

Neighborhood : Willo

HOUSEHOLDS
1,214
POPULATION

2,457

33.7%Renters
66.3%Home Owners
LABOR FORCE

 

90.8%White Collar
9.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,543 per month.

MY RENT : $2,543 MEDIAN RENT : $1,739

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 13.8%
>=$1,500 86.2%
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 $2,543 would therefore be considered affordable for annual household incomes greater than $101,720 (12 months x 3.333 x $2,543).

Rent % Affordability
Above $500 93.0%
Above $700 90.0%
Above $1,100 80.5%
Above $1,500 73.0%
Above $1,900 68.2%
HOUSEHOLD INCOME RANGE

Approximately 396 of households in this neighborhood have a total annual income of $101,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,543 per month.

MINIMUM INCOME RANGE : $101,720

Income % Distribution
<$20K 7.0%
$20K-$35K 5.8%
$35K-$60K 14.2%
$60K-$100K 18.1%
>=$100K 54.9%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.3%
5-9 mins 13.0%
10-14 mins 13.9%
15-19 mins 12.5%
20-29 mins 26.3%
30-44 mins 26.5%
45-59 mins 0.6%
>60 mins 4.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 86% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,543 per month.

MY RENT : $2,543 MEDIAN RENT : $1,739

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 13.8%
>=$1,500 86.2%
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 $2,543 would therefore be considered affordable for annual household incomes greater than $101,720 (12 months x 3.333 x $2,543).

Rent % Affordability
Above $500 93.0%
Above $700 90.0%
Above $1,100 80.5%
Above $1,500 73.0%
Above $1,900 68.2%
HOUSEHOLD INCOME RANGE

Approximately 396 of households in this neighborhood have a total annual income of $101,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,543 per month.

MINIMUM INCOME RANGE : $101,720

Income % Distribution
<$20K 7.0%
$20K-$35K 5.8%
$35K-$60K 14.2%
$60K-$100K 18.1%
>=$100K 54.9%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 30% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.3%
5-9 mins 13.0%
10-14 mins 13.9%
15-19 mins 12.5%
20-29 mins 26.3%
30-44 mins 26.5%
45-59 mins 0.6%
>60 mins 4.0%

Willo Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.7%
Educational Services 15.5%
Health Care & Social Assistance 9.9%
Professional & Scientific Tech Services 16.7%
Public Administration 9.0%
Retail & Wholesale Trader 15.9%
Other 25.2%
AGE DISTRIBUTION

74% of the population is between the ages of 25 and 64, 16% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 9.6%
15-19 3.7%
20-24 2.5%
25-44 36.1%
45-65 38.2%
66+ 10.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 14.2%
Construction 13.4%
Healthcare 4.7%
Legal 7.7%
Management, Business, & Financial 24.9%
Sales & Office 26.2%
Other 8.8%
HIGHEST EDUCATION LEVEL

35% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 6.1%
High School 11.4%
Masters Degree 13.9%
Professional 10.2%
Some College 23.1%
Other 35.3%

2016 N 1st Ave Comps

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