Sell Your Property

Easily Access a network of motivated buyers
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.

...MORE

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.

2731 N 3rd Ave Phoenix, AZ 85003

0 Beds 0 Baths 1,125 sqft Built 1950
Last updated:  Dec 26, 2019

INVESTimate

$373,879

$334K - $414K

Price Est.

$1,494

$1.3K - $1.7K

Rent Est.

$395,863  ( +5.88%)   1 YR EST. FORECAST

2731 N 3rd Ave PROPERTY INFO

FACTS
  • Built In 1950
  • Price/Sqft : $332.34
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,125 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
2731 N 3rd Ave, Phoenix, AZ 85003 is a single family home of 1,125 sqft. HomeUnion estimate for 2731 N 3rd Ave includes a Price Estimate of $373,879 and a Rent Estimate of $1,494. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 4.80% and Total Return of 18.27%. The estimated 1 year forecast in home value for 2731 N 3rd Ave is 5.88%.
  
  
  

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

  • 3530 PIEDMONT ROAD Atlanta, GA
    • 2 beds 2 baths ∙ 1,527 Sqft ∙ Built 1976 ∙ 1units 2 beds 2 baths ∙ 1,527 Sqft ∙ Built 1976 ∙ 1units
    AVAILABLE fmls
    • 14.69% GROSS YIELD
    • $10,605 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $214,000
    • $62,460
    • $2,620
  • 3301 HENDERSON MILL ROAD Atlanta, GA
    • 3 beds 3 baths ∙ 1,458 Sqft ∙ Built 1969 ∙ 1units 3 beds 3 baths ∙ 1,458 Sqft ∙ Built 1969 ∙ 1units
    AVAILABLE fmls
    • 13.72% GROSS YIELD
    • $8,442 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $187,987
    • $55,567
    • $2,150
  • 3301 HENDERSON MILL ROAD Atlanta, GA
    • 4 beds 3 baths ∙ 1,752 Sqft ∙ Built 1969 ∙ 1units 4 beds 3 baths ∙ 1,752 Sqft ∙ Built 1969 ∙ 1units
    AVAILABLE fmls
    • 12.77% GROSS YIELD
    • $7,743 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $203,000
    • $59,545
    • $2,160
  • 5637 KINGSPORT DRIVE Atlanta, GA
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1980 ∙ 1units 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1980 ∙ 1units
    AVAILABLE fmls
    • 12.68% GROSS YIELD
    • $10,029 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $48,150
    • $1,690

2731 N 3rd 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

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

Wellington Place

  • 140

    POPULATION
  • 70

    HOUSEHOLDS
  • 92.6%

    WHITE COLLAR

Neighborhood : Wellington Place

HOUSEHOLDS
70
POPULATION

140

30.9%Renters
69.1%Home Owners
LABOR FORCE

 

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

Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,494 per month.

MY RENT : $1,494 MEDIAN RENT : $1,615

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 19.1%
>=$1,500 80.9%
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 $1,494 would therefore be considered affordable for annual household incomes greater than $59,760 (12 months x 3.333 x $1,494).

Rent % Affordability
Above $500 95.9%
Above $700 92.3%
Above $1,100 82.5%
Above $1,500 75.3%
Above $1,900 67.8%
HOUSEHOLD INCOME RANGE

Approximately 55 of households in this neighborhood have a total annual income of $59,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,494 per month.

MINIMUM INCOME RANGE : $59,760

Income % Distribution
<$20K 4.1%
$20K-$35K 8.2%
$35K-$60K 12.3%
$60K-$100K 23.3%
>=$100K 52.1%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 31% 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 4.5%
5-9 mins 15.9%
10-14 mins 10.2%
15-19 mins 12.5%
20-29 mins 29.5%
30-44 mins 22.7%
45-59 mins 0.0%
>60 mins 4.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 81% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,494 per month.

MY RENT : $1,494 MEDIAN RENT : $1,615

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 19.1%
>=$1,500 80.9%
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 $1,494 would therefore be considered affordable for annual household incomes greater than $59,760 (12 months x 3.333 x $1,494).

Rent % Affordability
Above $500 95.9%
Above $700 92.3%
Above $1,100 82.5%
Above $1,500 75.3%
Above $1,900 67.8%
HOUSEHOLD INCOME RANGE

Approximately 55 of households in this neighborhood have a total annual income of $59,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,494 per month.

MINIMUM INCOME RANGE : $59,760

Income % Distribution
<$20K 4.1%
$20K-$35K 8.2%
$35K-$60K 12.3%
$60K-$100K 23.3%
>=$100K 52.1%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 31% 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 4.5%
5-9 mins 15.9%
10-14 mins 10.2%
15-19 mins 12.5%
20-29 mins 29.5%
30-44 mins 22.7%
45-59 mins 0.0%
>60 mins 4.5%

Wellington Place Demographics

INDUSTRY

Industry % Distribution
Educational Services 18.6%
Financial Industries 11.3%
Health Care & Social Assistance 8.2%
Professional & Scientific Tech Services 18.6%
Public Administration 8.2%
Retail & Wholesale Trader 11.3%
Other 23.7%
AGE DISTRIBUTION

77% of the population is between the ages of 25 and 64, 11% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 7.1%
15-19 0.7%
20-24 2.9%
25-44 32.9%
45-65 44.3%
66+ 12.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.8%
Construction 17.5%
Legal 7.5%
Management, Business, & Financial 25.0%
Sales & Office 31.2%
Social 3.8%
Other 6.2%
HIGHEST EDUCATION LEVEL

31% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 7.6%
High School 16.9%
Masters Degree 11.9%
Professional 7.6%
Some College 19.5%
Other 36.4%

2731 N 3rd Ave Comps

Sorry, we do not have sufficient data available.

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

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available