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This page contains aggregated information about each property, 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 about INVESTimate

179 Ocean Blvd Golden Beach, FL 33160

6 Beds 5 Baths 5,222 sqft Built 1983
Last updated:  Oct 23, 2019

INVESTimate

$4,092,852

$3.92M - $4.26M

Price Est.

$30,583

$26.5K - $34.7K

Rent Est.

$4,613,463  ( +12.72%)   1 YR EST. FORECAST
  
  
  

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179 Ocean Blvd PROPERTY INFO

FACTS
  • Built In 1983
  • Price/Sqft : $783.77
CONSTRUCTION
  • Beds : 6
  • Floor Size : 5,222 sqft
  • Baths : 5 Full

179 Ocean Blvd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HIGHLAND OAKS MIDDLE SCHOOL Middle Regular 1,238 57 7
ALONZO AND TRACY MOURNING SENIOR HIGH SCHOOL High Unknown NA

HIGHLAND OAKS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,238
  • # of teachers: 57
7
GreatSchools Rating

ALONZO AND TRACY MOURNING SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating
 

Financial Details

See Financial Details

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Neighborhood

Golden Beach

  • 716

    POPULATION
  • 219

    HOUSEHOLDS
  • 96.4%

    WHITE COLLAR

Neighborhood : Golden Beach

HOUSEHOLDS
219
POPULATION

716

5.9%Renters
94.1%Home Owners
LABOR FORCE

 

96.4%White Collar
3.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $30,583 per month.

MY RENT : $30,583 MEDIAN RENT : $21,281

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.3%
>=$1,500 99.7%
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 $30,583 would therefore be considered affordable for annual household incomes greater than $1,223,320 (12 months x 3.333 x $30,583).

Rent % Affordability
Above $500 87.4%
Above $700 84.2%
Above $1,100 80.5%
Above $1,500 74.9%
Above $1,900 72.2%
HOUSEHOLD INCOME RANGE

Approximately -537 of households in this neighborhood have a total annual income of $1,223,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $30,583 per month.

MINIMUM INCOME RANGE : $1,223,320

Income % Distribution
<$20K 12.6%
$20K-$35K 5.1%
$35K-$60K 7.4%
$60K-$100K 10.7%
>=$100K 64.2%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.9%
5-9 mins 1.8%
10-14 mins 30.5%
15-19 mins 9.1%
20-29 mins 18.6%
30-44 mins 22.7%
45-59 mins 12.7%
>60 mins 3.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $30,583 per month.

MY RENT : $30,583 MEDIAN RENT : $21,281

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.3%
>=$1,500 99.7%
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 $30,583 would therefore be considered affordable for annual household incomes greater than $1,223,320 (12 months x 3.333 x $30,583).

Rent % Affordability
Above $500 87.4%
Above $700 84.2%
Above $1,100 80.5%
Above $1,500 74.9%
Above $1,900 72.2%
HOUSEHOLD INCOME RANGE

Approximately -537 of households in this neighborhood have a total annual income of $1,223,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $30,583 per month.

MINIMUM INCOME RANGE : $1,223,320

Income % Distribution
<$20K 12.6%
$20K-$35K 5.1%
$35K-$60K 7.4%
$60K-$100K 10.7%
>=$100K 64.2%
COMMUTE TIME DISTRIBUTION

50% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.9%
5-9 mins 1.8%
10-14 mins 30.5%
15-19 mins 9.1%
20-29 mins 18.6%
30-44 mins 22.7%
45-59 mins 12.7%
>60 mins 3.6%

Golden Beach Demographics

INDUSTRY

Industry % Distribution
Financial Industries 7.2%
Health Care & Social Assistance 13.3%
Manufacturing 7.6%
Professional & Scientific Tech Services 21.3%
Real Estate 8.4%
Retail & Wholesale Trader 18.5%
Other 23.7%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 36% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 18.3%
15-19 14.2%
20-24 3.6%
25-44 12.4%
45-65 37.2%
66+ 14.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.8%
Construction 7.0%
Healthcare 14.4%
Legal 9.6%
Management, Business, & Financial 35.3%
Sales & Office 21.9%
Other 7.0%
HIGHEST EDUCATION LEVEL

41% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
High School 7.5%
Masters Degree 16.3%
Professional 17.6%
Some College 14.5%
Some High School 7.9%
Other 36.3%

179 Ocean Blvd Comps

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179 Ocean Blvd, Golden Beach, FL 33160 is a single family home of 5,222 sqft. HomeUnion INVESTimateĀ® for 179 Ocean Blvd includes a Price Estimate of $4,092,852 and a Rent Estimate of $30,583. This single family home has 6 bedrooms,5 bathrooms, and was built in 1983. This property has an estimated 15 year annualized Yield of 8.97% and Total Return of 40.07%. The estimated 1 year forecast in home value for 179 Ocean Blvd is 12.72%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , MIAMI-DADE County , or the 33160 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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