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5641 Sw 59th Pl PROPERTY INFO
FACTS
- Built In 1975
- Price/Sqft : $181.82
CONSTRUCTION
- Beds : 3
- Floor Size : 2,514 sqft
- Baths : 2 Full
5641 Sw 59th Pl SCHOOLS
Financial Details
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Gables Edge
Neighborhood : Gables Edge
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 $3,309 per month.
MY RENT : $3,309 MEDIAN RENT : $3,640
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 $3,309 would therefore be considered affordable for annual household incomes greater than $132,360 (12 months x 3.333 x $3,309).
HOUSEHOLD INCOME RANGE
Approximately 6 of households in this neighborhood have a total annual income of $132,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,309 per month.
MINIMUM INCOME RANGE : $132,360
COMMUTE TIME DISTRIBUTION
67% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.
Gables Edge Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 9.2% |
| Educational Services | 26.2% |
| Financial Industries | 9.2% |
| Health Care & Social Assistance | 16.9% |
| Professional & Scientific Tech Services | 6.2% |
| Retail & Wholesale Trader | 6.2% |
| Other | 26.2% |
AGE DISTRIBUTION
56% of the population is between the ages of 25 and 64, 30% is 24 or younger and 14% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 17.1% |
| 15-19 | 5.7% |
| 20-24 | 7.1% |
| 25-44 | 30.0% |
| 45-65 | 25.7% |
| 66+ | 14.3% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 14.6% |
| Management, Business, & Financial | 16.7% |
| Natural Resources Maintenance | 6.2% |
| Production & Transportation | 14.6% |
| Protect | 6.2% |
| Sales & Office | 18.8% |
| Other | 22.9% |
HIGHEST EDUCATION LEVEL
32% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 8.5% |
| High School | 26.4% |
| Masters Degree | 16.0% |
| Some College | 12.3% |
| Some High School | 12.3% |
| Other | 24.5% |
5641 Sw 59th Pl Comps
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5641 Sw 59th Pl, South Miami, FL 33143 is a single family home of 2,514 sqft. HomeUnion INVESTimateĀ® for 5641 Sw 59th Pl includes a Price Estimate of $457,107 and a Rent Estimate of $3,309. This single family home has 3 bedrooms,2 bathrooms, and was built in 1975. This property has an estimated 15 year annualized Yield of 8.69% and Total Return of 24.41%. The estimated 1 year forecast in home value for 5641 Sw 59th Pl is 5.91%.
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 33143 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
