Financial Details6133 Sw 63rd Ter PROPERTY INFO
FACTS
- Built In 1934
- Price/Sqft : $343.75
CONSTRUCTION
- Beds : 3
- Floor Size : 807 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
6133 Sw 63rd Ter, South Miami, FL 33143 is a single family home of 807 sqft. HomeUnion estimate for 6133 Sw 63rd Ter includes a Price Estimate of $277,408 and a Rent Estimate of $1,878. This single family home has 3 bedrooms, 1 bathrooms, and was built in 1934. This property has an estimated 15 year annualized Yield of 8.12% and Total Return of 26.09%. The estimated 1 year forecast in home value for 6133 Sw 63rd Ter is 5.91%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
6133 Sw 63rd Ter SCHOOLS
Financial Details
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Pines
Neighborhood : Pines
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 $1,878 per month.
MY RENT : $1,878 MEDIAN RENT : $1,992
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 $1,878 would therefore be considered affordable for annual household incomes greater than $75,120 (12 months x 3.333 x $1,878).
HOUSEHOLD INCOME RANGE
Approximately 6 of households in this neighborhood have a total annual income of $75,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,878 per month.
MINIMUM INCOME RANGE : $75,120
COMMUTE TIME DISTRIBUTION
69% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.
Pines Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 10.0% |
| Educational Services | 26.7% |
| Financial Industries | 10.0% |
| Health Care & Social Assistance | 16.7% |
| Professional & Scientific Tech Services | 6.7% |
| Retail & Wholesale Trader | 6.7% |
| Other | 23.3% |
AGE DISTRIBUTION
57% of the population is between the ages of 25 and 64, 29% is 24 or younger and 14% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 16.9% |
| 15-19 | 6.2% |
| 20-24 | 6.2% |
| 25-44 | 30.8% |
| 45-65 | 26.2% |
| 66+ | 13.8% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 13.6% |
| Healthcare | 9.1% |
| Management, Business, & Financial | 18.2% |
| Production & Transportation | 13.6% |
| Protect | 4.5% |
| Sales & Office | 18.2% |
| Other | 22.7% |
HIGHEST EDUCATION LEVEL
33% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 9.3% |
| High School | 25.6% |
| Masters Degree | 16.3% |
| Some College | 11.6% |
| Some High School | 14.0% |
| Other | 23.3% |
6133 Sw 63rd Ter Comps
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