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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.

387 N 2nd Ave 2a Phoenix, AZ 85003

0 Beds 0 Baths 1,247 sqft Built 2001
Last updated:  Dec 26, 2019

INVESTimate

$277,123

$248K - $307K

Price Est.

$1,491

$1.3K - $1.7K

Rent Est.

$293,196  ( +5.8%)   1 YR EST. FORECAST

387 N 2nd Ave 2a PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $222.23
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,247 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
387 N 2nd Ave 2a, Phoenix, AZ 85003 is a single family home of 1,247 sqft. HomeUnion estimate for 387 N 2nd Ave 2a includes a Price Estimate of $277,123 and a Rent Estimate of $1,491. This single family home has 0 bedrooms, 0 bathrooms, and was built in 2001. This property has an estimated 15 year annualized Yield of 6.46% and Total Return of 19.63%. The estimated 1 year forecast in home value for 387 N 2nd Ave 2a is 5.8%.
  
  
  

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387 N 2nd Ave 2a 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

Copper Square

  • 890

    POPULATION
  • 77

    HOUSEHOLDS
  • 77.7%

    WHITE COLLAR

Neighborhood : Copper Square

HOUSEHOLDS
77
POPULATION

890

93.2%Renters
6.8%Home Owners
LABOR FORCE

 

77.7%White Collar
22.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,491 per month.

MY RENT : $1,491 MEDIAN RENT : $1,615

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 27.6%
>=$1,500 72.4%
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 $1,491 would therefore be considered affordable for annual household incomes greater than $59,640 (12 months x 3.333 x $1,491).

Rent % Affordability
Above $500 63.2%
Above $700 57.4%
Above $1,100 46.3%
Above $1,500 36.8%
Above $1,900 32.5%
HOUSEHOLD INCOME RANGE

Approximately 28 of households in this neighborhood have a total annual income of $59,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,491 per month.

MINIMUM INCOME RANGE : $59,640

Income % Distribution
<$20K 36.8%
$20K-$35K 11.8%
$35K-$60K 14.5%
$60K-$100K 13.2%
>=$100K 23.7%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 40% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.9%
5-9 mins 20.7%
10-14 mins 15.9%
15-19 mins 18.3%
20-29 mins 9.0%
30-44 mins 26.3%
45-59 mins 2.7%
>60 mins 3.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,491 per month.

MY RENT : $1,491 MEDIAN RENT : $1,615

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 27.6%
>=$1,500 72.4%
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 $1,491 would therefore be considered affordable for annual household incomes greater than $59,640 (12 months x 3.333 x $1,491).

Rent % Affordability
Above $500 63.2%
Above $700 57.4%
Above $1,100 46.3%
Above $1,500 36.8%
Above $1,900 32.5%
HOUSEHOLD INCOME RANGE

Approximately 28 of households in this neighborhood have a total annual income of $59,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,491 per month.

MINIMUM INCOME RANGE : $59,640

Income % Distribution
<$20K 36.8%
$20K-$35K 11.8%
$35K-$60K 14.5%
$60K-$100K 13.2%
>=$100K 23.7%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 40% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.9%
5-9 mins 20.7%
10-14 mins 15.9%
15-19 mins 18.3%
20-29 mins 9.0%
30-44 mins 26.3%
45-59 mins 2.7%
>60 mins 3.3%

Copper Square Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 11.3%
Educational Services 20.6%
Financial Industries 6.2%
Health Care & Social Assistance 16.7%
Professional & Scientific Tech Services 10.8%
Retail & Wholesale Trader 5.4%
Other 29.0%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 34% is 24 or younger and 7% is 65 or older.

Age % Distribution
<15 1.5%
15-19 12.9%
20-24 20.1%
25-44 29.0%
45-65 29.8%
66+ 6.7%
OCCUPATION

Occupation % Distribution
Adesm 3.7%
Construction 7.4%
Healthcare 6.0%
Management, Business, & Financial 28.4%
Production & Transportation 4.7%
Sales & Office 36.7%
Other 13.0%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.9%
High School 24.2%
Masters Degree 7.3%
Some College 24.8%
Some High School 19.0%
Other 17.8%

387 N 2nd Ave 2a Comps

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