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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.

19111 Collins Ave 2805 Sunny Isles Beach, FL 33160

3 Beds 4 Baths 2,440 sqft Built 2001
Last updated:  Oct 23, 2019

INVESTimate

$2,217,192

$2.12M - $2.31M

Price Est.

$8,685

$7.5K - $9.8K

Rent Est.

$2,224,065  ( +0.31%)   1 YR EST. FORECAST

19111 Collins Ave 2805 PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $908.69
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,440 sqft
  • Baths : 4 Full
PROPERTY DESCRIPTION
19111 Collins Ave 2805, Sunny Isles Beach, FL 33160 is a single family home of 2,440 sqft. HomeUnion estimate for 19111 Collins Ave 2805 includes a Price Estimate of $2,217,192 and a Rent Estimate of $8,685. This single family home has 3 bedrooms, 4 bathrooms, and was built in 2001. This property has an estimated 15 year annualized Yield of 4.70% and Total Return of 6.69%. The estimated 1 year forecast in home value for 19111 Collins Ave 2805 is 0.31%.
  
  
  

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19111 Collins Ave 2805 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

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Neighborhood

North Biscayne Beach

  • 845

    POPULATION
  • 362

    HOUSEHOLDS
  • 91.9%

    WHITE COLLAR

Neighborhood : North Biscayne Beach

HOUSEHOLDS
362
POPULATION

845

28.8%Renters
71.2%Home Owners
LABOR FORCE

 

91.9%White Collar
8.1%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 $8,685 per month.

MY RENT : $8,685 MEDIAN RENT : $4,950

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $8,685 would therefore be considered affordable for annual household incomes greater than $347,400 (12 months x 3.333 x $8,685).

Rent % Affordability
Above $500 87.3%
Above $700 86.6%
Above $1,100 72.5%
Above $1,500 61.5%
Above $1,900 56.6%
HOUSEHOLD INCOME RANGE

Approximately -56 of households in this neighborhood have a total annual income of $347,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $8,685 per month.

MINIMUM INCOME RANGE : $347,400

Income % Distribution
<$20K 12.7%
$20K-$35K 5.5%
$35K-$60K 20.2%
$60K-$100K 21.6%
>=$100K 39.9%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 7.9%
10-14 mins 17.3%
15-19 mins 24.8%
20-29 mins 10.2%
30-44 mins 18.9%
45-59 mins 18.1%
>60 mins 2.8%
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 $8,685 per month.

MY RENT : $8,685 MEDIAN RENT : $4,950

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $8,685 would therefore be considered affordable for annual household incomes greater than $347,400 (12 months x 3.333 x $8,685).

Rent % Affordability
Above $500 87.3%
Above $700 86.6%
Above $1,100 72.5%
Above $1,500 61.5%
Above $1,900 56.6%
HOUSEHOLD INCOME RANGE

Approximately -56 of households in this neighborhood have a total annual income of $347,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $8,685 per month.

MINIMUM INCOME RANGE : $347,400

Income % Distribution
<$20K 12.7%
$20K-$35K 5.5%
$35K-$60K 20.2%
$60K-$100K 21.6%
>=$100K 39.9%
COMMUTE TIME DISTRIBUTION

54% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 7.9%
10-14 mins 17.3%
15-19 mins 24.8%
20-29 mins 10.2%
30-44 mins 18.9%
45-59 mins 18.1%
>60 mins 2.8%

North Biscayne Beach Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.0%
Arts & Entertainment 11.0%
Educational Services 22.3%
Professional & Scientific Tech Services 22.9%
Real Estate 9.7%
Retail & Wholesale Trader 20.4%
Other 7.8%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 21% is 24 or younger and 29% is 65 or older.

Age % Distribution
<15 15.0%
15-19 1.2%
20-24 5.1%
25-44 14.8%
45-65 35.0%
66+ 28.9%
OCCUPATION

Occupation % Distribution
Adesm 5.6%
Clean 7.7%
Computer Engineering 4.4%
Construction 25.0%
Management, Business, & Financial 36.3%
Sales & Office 18.1%
Other 2.8%
HIGHEST EDUCATION LEVEL

46% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.5%
High School 10.1%
Masters Degree 24.2%
Professional 7.7%
Some College 15.7%
Other 32.8%

19111 Collins Ave 2805 Comps

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