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6208 Sw 59th Pl PROPERTY INFO
FACTS
- Built In 1962
- Price/Sqft : $329.96
CONSTRUCTION
- Beds : 4
- Floor Size : 1,288 sqft
- Baths : 2 Full
6208 Sw 59th Pl SCHOOLS
Financial Details
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Hamlet
Neighborhood : Hamlet
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 $2,492 per month.
MY RENT : $2,492 MEDIAN RENT : $2,415
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 $2,492 would therefore be considered affordable for annual household incomes greater than $99,680 (12 months x 3.333 x $2,492).
HOUSEHOLD INCOME RANGE
Approximately 4 of households in this neighborhood have a total annual income of $99,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,492 per month.
MINIMUM INCOME RANGE : $99,680
COMMUTE TIME DISTRIBUTION
65% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.
Hamlet Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 10.3% |
| Educational Services | 24.1% |
| Financial Industries | 10.3% |
| Health Care & Social Assistance | 17.2% |
| Professional & Scientific Tech Services | 6.9% |
| Retail & Wholesale Trader | 6.9% |
| Other | 24.1% |
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 | 17.2% |
| 15-19 | 5.2% |
| 20-24 | 6.9% |
| 25-44 | 31.0% |
| 45-65 | 25.9% |
| 66+ | 13.8% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 15.0% |
| Management, Business, & Financial | 15.0% |
| PCare | 5.0% |
| Production & Transportation | 15.0% |
| Protect | 5.0% |
| Sales & Office | 20.0% |
| Other | 25.0% |
HIGHEST EDUCATION LEVEL
31% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 7.7% |
| High School | 25.6% |
| Masters Degree | 15.4% |
| Some College | 12.8% |
| Some High School | 12.8% |
| Other | 25.6% |
6208 Sw 59th Pl Comps
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6208 Sw 59th Pl, South Miami, FL 33143 is a single family home of 1,288 sqft. HomeUnion INVESTimateĀ® for 6208 Sw 59th Pl includes a Price Estimate of $424,983 and a Rent Estimate of $2,492. This single family home has 4 bedrooms,2 bathrooms, and was built in 1962. This property has an estimated 15 year annualized Yield of 7.04% and Total Return of 25.29%. The estimated 1 year forecast in home value for 6208 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
