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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.

50 W Cambridge Ave Phoenix, AZ 85003

0 Beds 0 Baths 1,560 sqft Built 1927
Last updated:  Dec 26, 2019

INVESTimate

$450,468

$402K - $498K

Price Est.

$1,787

$1.5K - $2.1K

Rent Est.

$476,956  ( +5.88%)   1 YR EST. FORECAST

50 W Cambridge Ave PROPERTY INFO

FACTS
  • Built In 1927
  • Price/Sqft : $288.76
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,560 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
50 W Cambridge Ave, Phoenix, AZ 85003 is a single family home of 1,560 sqft. HomeUnion estimate for 50 W Cambridge Ave includes a Price Estimate of $450,468 and a Rent Estimate of $1,787. This single family home has 0 bedrooms, 0 bathrooms, and was built in 1927. This property has an estimated 15 year annualized Yield of 4.76% and Total Return of 17.64%. The estimated 1 year forecast in home value for 50 W Cambridge Ave is 5.88%.
  
  
  

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50 W Cambridge 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

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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 $1,787 per month.

MY RENT : $1,787 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 $1,787 would therefore be considered affordable for annual household incomes greater than $71,480 (12 months x 3.333 x $1,787).

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 43 of households in this neighborhood have a total annual income of $71,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,787 per month.

MINIMUM INCOME RANGE : $71,480

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 $1,787 per month.

MY RENT : $1,787 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 $1,787 would therefore be considered affordable for annual household incomes greater than $71,480 (12 months x 3.333 x $1,787).

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 43 of households in this neighborhood have a total annual income of $71,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,787 per month.

MINIMUM INCOME RANGE : $71,480

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%

50 W Cambridge Ave Comps

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