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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.

842 N 6th Ave 4 Phoenix, AZ 85003

0 Beds 0 Baths 945 sqft Built 2008
Last updated:  Dec 26, 2019

INVESTimate

$242,558

$217K - $268K

Price Est.

$1,385

$1.2K - $1.6K

Rent Est.

$260,774  ( +7.51%)   1 YR EST. FORECAST

842 N 6th Ave 4 PROPERTY INFO

FACTS
  • Built In 2008
  • Price/Sqft : $256.68
CONSTRUCTION
  • Beds : 0
  • Floor Size : 945 sqft
  • Baths : 0 Full
PROPERTY DESCRIPTION
842 N 6th Ave 4, Phoenix, AZ 85003 is a single family home of 945 sqft. HomeUnion estimate for 842 N 6th Ave 4 includes a Price Estimate of $242,558 and a Rent Estimate of $1,385. This single family home has 0 bedrooms, 0 bathrooms, and was built in 2008. This property has an estimated 15 year annualized Yield of 6.85% and Total Return of 24.96%. The estimated 1 year forecast in home value for 842 N 6th Ave 4 is 7.51%.
  
  
  

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842 N 6th Ave 4 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

Roosevelt

  • 2,331

    POPULATION
  • 1,618

    HOUSEHOLDS
  • 72.6%

    WHITE COLLAR

Neighborhood : Roosevelt

HOUSEHOLDS
1,618
POPULATION

2,331

83.8%Renters
16.2%Home Owners
LABOR FORCE

 

72.6%White Collar
27.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 80% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,385 per month.

MY RENT : $1,385 MEDIAN RENT : $1,690

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.5%
$900-999 0.6%
$1,000-1,499 23.3%
>=$1,500 74.6%
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 $1,385 would therefore be considered affordable for annual household incomes greater than $55,400 (12 months x 3.333 x $1,385).

Rent % Affordability
Above $500 65.6%
Above $700 55.5%
Above $1,100 40.2%
Above $1,500 27.7%
Above $1,900 19.1%
HOUSEHOLD INCOME RANGE

Approximately 473 of households in this neighborhood have a total annual income of $55,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,385 per month.

MINIMUM INCOME RANGE : $55,400

Income % Distribution
<$20K 34.4%
$20K-$35K 17.1%
$35K-$60K 20.8%
$60K-$100K 13.6%
>=$100K 14.1%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.9%
5-9 mins 14.2%
10-14 mins 17.6%
15-19 mins 11.5%
20-29 mins 19.7%
30-44 mins 18.6%
45-59 mins 1.6%
>60 mins 9.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 80% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,385 per month.

MY RENT : $1,385 MEDIAN RENT : $1,690

Rent % Distribution
$500-699 0.0%
$700-899 1.5%
$900-999 0.6%
$1,000-1,499 23.3%
>=$1,500 74.6%
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 $1,385 would therefore be considered affordable for annual household incomes greater than $55,400 (12 months x 3.333 x $1,385).

Rent % Affordability
Above $500 65.6%
Above $700 55.5%
Above $1,100 40.2%
Above $1,500 27.7%
Above $1,900 19.1%
HOUSEHOLD INCOME RANGE

Approximately 473 of households in this neighborhood have a total annual income of $55,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,385 per month.

MINIMUM INCOME RANGE : $55,400

Income % Distribution
<$20K 34.4%
$20K-$35K 17.1%
$35K-$60K 20.8%
$60K-$100K 13.6%
>=$100K 14.1%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 6.9%
5-9 mins 14.2%
10-14 mins 17.6%
15-19 mins 11.5%
20-29 mins 19.7%
30-44 mins 18.6%
45-59 mins 1.6%
>60 mins 9.9%

Roosevelt Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.8%
Arts & Entertainment 12.9%
Educational Services 11.0%
Health Care & Social Assistance 13.0%
Professional & Scientific Tech Services 14.6%
Public Administration 8.6%
Other 32.1%
AGE DISTRIBUTION

67% of the population is between the ages of 25 and 64, 19% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 5.0%
15-19 4.5%
20-24 9.8%
25-44 42.0%
45-65 24.9%
66+ 13.7%
OCCUPATION

Occupation % Distribution
Adesm 7.2%
Healthcare 12.3%
Management, Business, & Financial 25.2%
Production & Transportation 6.5%
Protect 6.7%
Sales & Office 19.6%
Other 22.5%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.3%
High School 18.5%
Masters Degree 10.9%
Some College 27.0%
Some High School 10.8%
Other 27.6%

842 N 6th Ave 4 Comps

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