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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

6259 Sw 62nd Ct South Miami, FL 33143

4 Beds 2 Baths 1,274 sqft Built 1971
Last updated:  Oct 23, 2019

INVESTimate

$324,401

$308K - $340K

Price Est.

$2,802

$2.5K - $3.1K

Rent Est.

$343,573  ( +5.91%)   1 YR EST. FORECAST
  
  
  

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6259 Sw 62nd Ct PROPERTY INFO

FACTS
  • Built In 1971
  • Price/Sqft : $254.63
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,274 sqft
  • Baths : 2 Full

6259 Sw 62nd Ct 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

Twin Lakes Manor

  • 551

    POPULATION
  • 163

    HOUSEHOLDS
  • 71.9%

    WHITE COLLAR

Neighborhood : Twin Lakes Manor

HOUSEHOLDS
163
POPULATION

551

14.5%Renters
85.5%Home Owners
LABOR FORCE

 

71.9%White Collar
28.1%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 $2,802 per month.

MY RENT : $2,802 MEDIAN RENT : $3,599

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 $2,802 would therefore be considered affordable for annual household incomes greater than $112,080 (12 months x 3.333 x $2,802).

Rent % Affordability
Above $500 90.9%
Above $700 86.2%
Above $1,100 83.3%
Above $1,500 64.0%
Above $1,900 61.2%
HOUSEHOLD INCOME RANGE

Approximately 46 of households in this neighborhood have a total annual income of $112,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,802 per month.

MINIMUM INCOME RANGE : $112,080

Income % Distribution
<$20K 9.1%
$20K-$35K 6.1%
$35K-$60K 20.7%
$60K-$100K 12.8%
>=$100K 51.2%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 18.3%
10-14 mins 13.6%
15-19 mins 17.2%
20-29 mins 18.7%
30-44 mins 8.4%
45-59 mins 5.1%
>60 mins 18.7%
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 $2,802 per month.

MY RENT : $2,802 MEDIAN RENT : $3,599

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 $2,802 would therefore be considered affordable for annual household incomes greater than $112,080 (12 months x 3.333 x $2,802).

Rent % Affordability
Above $500 90.9%
Above $700 86.2%
Above $1,100 83.3%
Above $1,500 64.0%
Above $1,900 61.2%
HOUSEHOLD INCOME RANGE

Approximately 46 of households in this neighborhood have a total annual income of $112,080 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,802 per month.

MINIMUM INCOME RANGE : $112,080

Income % Distribution
<$20K 9.1%
$20K-$35K 6.1%
$35K-$60K 20.7%
$60K-$100K 12.8%
>=$100K 51.2%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 18.3%
10-14 mins 13.6%
15-19 mins 17.2%
20-29 mins 18.7%
30-44 mins 8.4%
45-59 mins 5.1%
>60 mins 18.7%

Twin Lakes Manor Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 23.0%
Educational Services 22.0%
Health Care & Social Assistance 17.7%
Professional & Scientific Tech Services 3.5%
Public Administration 9.6%
Retail & Wholesale Trader 11.3%
Other 12.8%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 35% is 24 or younger and 8% is 65 or older.

Age % Distribution
<15 20.7%
15-19 7.6%
20-24 6.9%
25-44 36.7%
45-65 19.8%
66+ 8.3%
OCCUPATION

Occupation % Distribution
Adesm 16.0%
Construction 18.3%
Healthcare 12.3%
Management, Business, & Financial 14.2%
Production & Transportation 6.8%
Protect 12.3%
Other 20.1%
HIGHEST EDUCATION LEVEL

36% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 17.3%
Doctorate 8.0%
High School 9.6%
Masters Degree 9.6%
Some College 22.9%
Other 32.7%

6259 Sw 62nd Ct Comps

Sorry, we do not have sufficient data available.

6259 Sw 62nd Ct, South Miami, FL 33143 is a single family home of 1,274 sqft. HomeUnion INVESTimateĀ® for 6259 Sw 62nd Ct includes a Price Estimate of $324,401 and a Rent Estimate of $2,802. This single family home has 4 bedrooms,2 bathrooms, and was built in 1971. This property has an estimated 15 year annualized Yield of 10.36% and Total Return of 30.37%. The estimated 1 year forecast in home value for 6259 Sw 62nd Ct 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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