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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

5700 Sw 59th Pl South Miami, FL 33143

4 Beds 3 Baths 3,670 sqft Built 2006
Last updated:  Oct 23, 2019

INVESTimate

$966,021

$924K - $1.01M

Price Est.

$3,967

$3.4K - $4.5K

Rent Est.

$1,023,113  ( +5.91%)   1 YR EST. FORECAST
  
  
  

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5700 Sw 59th Pl PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $263.22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,670 sqft
  • Baths : 3 Full

5700 Sw 59th Pl SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SOUTH MIAMI MIDDLE SCHOOL Middle Magnet 1,026 51 9
SOUTH MIAMI SENIOR HIGH SCHOOL High Magnet 2,248 111 4

SOUTH MIAMI MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,026
  • # of teachers: 51
9
GreatSchools Rating

SOUTH MIAMI SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 2,248
  • # of teachers: 111
4
GreatSchools Rating
 

Financial Details

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Neighborhood

Gables Edge

  • 140

    POPULATION
  • 38

    HOUSEHOLDS
  • 60.1%

    WHITE COLLAR

Neighborhood : Gables Edge

HOUSEHOLDS
38
POPULATION

140

28.6%Renters
71.4%Home Owners
LABOR FORCE

 

60.1%White Collar
39.9%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 $3,967 per month.

MY RENT : $3,967 MEDIAN RENT : $3,640

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 $3,967 would therefore be considered affordable for annual household incomes greater than $158,680 (12 months x 3.333 x $3,967).

Rent % Affordability
Above $500 79.1%
Above $700 74.0%
Above $1,100 64.2%
Above $1,500 48.8%
Above $1,900 36.8%
HOUSEHOLD INCOME RANGE

Approximately 4 of households in this neighborhood have a total annual income of $158,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,967 per month.

MINIMUM INCOME RANGE : $158,680

Income % Distribution
<$20K 20.9%
$20K-$35K 9.3%
$35K-$60K 20.9%
$60K-$100K 20.9%
>=$100K 27.9%
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.

Time (mins) % Distribution
<5 mins 3.3%
5-9 mins 5.0%
10-14 mins 11.7%
15-19 mins 8.3%
20-29 mins 16.7%
30-44 mins 41.7%
45-59 mins 6.7%
>60 mins 6.7%
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 $3,967 per month.

MY RENT : $3,967 MEDIAN RENT : $3,640

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 $3,967 would therefore be considered affordable for annual household incomes greater than $158,680 (12 months x 3.333 x $3,967).

Rent % Affordability
Above $500 79.1%
Above $700 74.0%
Above $1,100 64.2%
Above $1,500 48.8%
Above $1,900 36.8%
HOUSEHOLD INCOME RANGE

Approximately 4 of households in this neighborhood have a total annual income of $158,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,967 per month.

MINIMUM INCOME RANGE : $158,680

Income % Distribution
<$20K 20.9%
$20K-$35K 9.3%
$35K-$60K 20.9%
$60K-$100K 20.9%
>=$100K 27.9%
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.

Time (mins) % Distribution
<5 mins 3.3%
5-9 mins 5.0%
10-14 mins 11.7%
15-19 mins 8.3%
20-29 mins 16.7%
30-44 mins 41.7%
45-59 mins 6.7%
>60 mins 6.7%

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%

5700 Sw 59th Pl Comps

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5700 Sw 59th Pl, South Miami, FL 33143 is a single family home of 3,670 sqft. HomeUnion INVESTimateĀ® for 5700 Sw 59th Pl includes a Price Estimate of $966,021 and a Rent Estimate of $3,967. This single family home has 4 bedrooms,3 bathrooms, and was built in 2006. This property has an estimated 15 year annualized Yield of 4.93% and Total Return of 16.61%. The estimated 1 year forecast in home value for 5700 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

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