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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

5757 La Luneta Ave Miami, FL 33155

2 Beds 2 Baths 1,584 sqft Built 1953
Last updated:  Jul 30, 2018

INVESTimate

$493,518

$460K - $527K

Price Est.

$2,446

$2.3K - $2.6K

Rent Est.

$538,971  ( +9.21%)   1 YR EST. FORECAST
  
  
  

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5757 La Luneta Ave PROPERTY INFO

FACTS
  • Built In 1953
  • Price/Sqft : $311.56
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,584 sqft
  • Baths : 2 Full

5757 La Luneta Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SYLVANIA HEIGHTS ELEMENTARY SCHOOL Primary Regular 556 40 6
WEST MIAMI MIDDLE SCHOOL Middle Magnet 1,060 53 4
SOUTH MIAMI SENIOR HIGH SCHOOL High Magnet 2,248 111 4

SYLVANIA HEIGHTS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 556
  • # of teachers: 40
6
GreatSchools Rating

WEST MIAMI MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 53
4
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

Coral Way Heights

  • 896

    POPULATION
  • 306

    HOUSEHOLDS
  • 87.0%

    WHITE COLLAR

Neighborhood : Coral Way Heights

HOUSEHOLDS
306
POPULATION

896

21.0%Renters
79.0%Home Owners
LABOR FORCE

 

87.0%White Collar
13.0%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 $2,446 per month.

MY RENT : $2,446 MEDIAN RENT : $2,619

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 $2,446 would therefore be considered affordable for annual household incomes greater than $97,840 (12 months x 3.333 x $2,446).

Rent % Affordability
Above $500 95.7%
Above $700 94.5%
Above $1,100 78.8%
Above $1,500 66.4%
Above $1,900 57.5%
HOUSEHOLD INCOME RANGE

Approximately 124 of households in this neighborhood have a total annual income of $97,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,446 per month.

MINIMUM INCOME RANGE : $97,840

Income % Distribution
<$20K 4.3%
$20K-$35K 7.2%
$35K-$60K 22.0%
$60K-$100K 26.3%
>=$100K 40.1%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 3.8%
10-14 mins 16.8%
15-19 mins 3.8%
20-29 mins 27.9%
30-44 mins 40.1%
45-59 mins 1.4%
>60 mins 6.2%
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 $2,446 per month.

MY RENT : $2,446 MEDIAN RENT : $2,619

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 $2,446 would therefore be considered affordable for annual household incomes greater than $97,840 (12 months x 3.333 x $2,446).

Rent % Affordability
Above $500 95.7%
Above $700 94.5%
Above $1,100 78.8%
Above $1,500 66.4%
Above $1,900 57.5%
HOUSEHOLD INCOME RANGE

Approximately 124 of households in this neighborhood have a total annual income of $97,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,446 per month.

MINIMUM INCOME RANGE : $97,840

Income % Distribution
<$20K 4.3%
$20K-$35K 7.2%
$35K-$60K 22.0%
$60K-$100K 26.3%
>=$100K 40.1%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 3.8%
10-14 mins 16.8%
15-19 mins 3.8%
20-29 mins 27.9%
30-44 mins 40.1%
45-59 mins 1.4%
>60 mins 6.2%

Coral Way Heights Demographics

INDUSTRY

Industry % Distribution
Educational Services 12.3%
Manufacturing 7.7%
Professional & Scientific Tech Services 12.0%
Public Administration 9.4%
Retail & Wholesale Trader 14.2%
Transportation 9.1%
Other 35.3%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 31% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 15.3%
15-19 6.9%
20-24 8.7%
25-44 21.0%
45-65 30.4%
66+ 17.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 11.3%
Construction 11.6%
Legal 5.9%
Management, Business, & Financial 20.1%
Natural Resources Maintenance 4.2%
Sales & Office 39.9%
Other 6.8%
HIGHEST EDUCATION LEVEL

23% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
High School 12.7%
Masters Degree 11.6%
Professional 6.8%
Some College 19.4%
Some High School 14.8%
Other 34.7%

5757 La Luneta Ave Comps

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5757 La Luneta Ave, Miami, FL 33155 is a single family home of 1,584 sqft. HomeUnion INVESTimateĀ® for 5757 La Luneta Ave includes a Price Estimate of $493,518 and a Rent Estimate of $2,446. This single family home has 2 bedrooms,2 bathrooms, and was built in 1953. This property has an estimated 15 year annualized Yield of 5.95% and Total Return of 24.83%. The estimated 1 year forecast in home value for 5757 La Luneta Ave is 9.21%.

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 33155 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

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