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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

6257 Sw 59th Pl South Miami, FL 33143

3 Beds 2 Baths 1,118 sqft Built 1999
Last updated:  Oct 23, 2019

INVESTimate

$264,782

$252K - $278K

Price Est.

$2,265

$2.0K - $2.5K

Rent Est.

$280,431  ( +5.91%)   1 YR EST. FORECAST
  
  
  

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6257 Sw 59th Pl PROPERTY INFO

FACTS
  • Built In 1999
  • Price/Sqft : $236.84
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,118 sqft
  • Baths : 2 Full

6257 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

Hamlet

  • 58

    POPULATION
  • 17

    HOUSEHOLDS
  • 60.0%

    WHITE COLLAR

Neighborhood : Hamlet

HOUSEHOLDS
17
POPULATION

58

29.4%Renters
70.6%Home Owners
LABOR FORCE

 

60.0%White Collar
40.0%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 $2,265 per month.

MY RENT : $2,265 MEDIAN RENT : $2,415

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 $2,265 would therefore be considered affordable for annual household incomes greater than $90,600 (12 months x 3.333 x $2,265).

Rent % Affordability
Above $500 80.0%
Above $700 76.0%
Above $1,100 56.0%
Above $1,500 53.3%
Above $1,900 39.5%
HOUSEHOLD INCOME RANGE

Approximately 4 of households in this neighborhood have a total annual income of $90,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,265 per month.

MINIMUM INCOME RANGE : $90,600

Income % Distribution
<$20K 20.0%
$20K-$35K 13.3%
$35K-$60K 13.3%
$60K-$100K 26.7%
>=$100K 26.7%
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.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 4.3%
10-14 mins 13.0%
15-19 mins 8.7%
20-29 mins 17.4%
30-44 mins 39.1%
45-59 mins 8.7%
>60 mins 4.3%
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 $2,265 per month.

MY RENT : $2,265 MEDIAN RENT : $2,415

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 $2,265 would therefore be considered affordable for annual household incomes greater than $90,600 (12 months x 3.333 x $2,265).

Rent % Affordability
Above $500 80.0%
Above $700 76.0%
Above $1,100 56.0%
Above $1,500 53.3%
Above $1,900 39.5%
HOUSEHOLD INCOME RANGE

Approximately 4 of households in this neighborhood have a total annual income of $90,600 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,265 per month.

MINIMUM INCOME RANGE : $90,600

Income % Distribution
<$20K 20.0%
$20K-$35K 13.3%
$35K-$60K 13.3%
$60K-$100K 26.7%
>=$100K 26.7%
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.

Time (mins) % Distribution
<5 mins 4.3%
5-9 mins 4.3%
10-14 mins 13.0%
15-19 mins 8.7%
20-29 mins 17.4%
30-44 mins 39.1%
45-59 mins 8.7%
>60 mins 4.3%

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%

6257 Sw 59th Pl Comps

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6257 Sw 59th Pl, South Miami, FL 33143 is a single family home of 1,118 sqft. HomeUnion INVESTimateĀ® for 6257 Sw 59th Pl includes a Price Estimate of $264,782 and a Rent Estimate of $2,265. This single family home has 3 bedrooms,2 bathrooms, and was built in 1999. This property has an estimated 15 year annualized Yield of 10.27% and Total Return of 31.64%. The estimated 1 year forecast in home value for 6257 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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