Financial Details6290 Sw 60th Ave PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $261.46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,118 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
6290 Sw 60th Ave, South Miami, FL 33143 is a single family home of 1,118 sqft. HomeUnion estimate for 6290 Sw 60th Ave includes a Price Estimate of $292,310 and a Rent Estimate of $2,294. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1998. This property has an estimated 15 year annualized Yield of 9.42% and Total Return of 27.07%. The estimated 1 year forecast in home value for 6290 Sw 60th Ave is 5.34%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
6290 Sw 60th Ave SCHOOLS
Financial Details
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South Miami
Neighborhood : South Miami
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 $2,294 per month.
MY RENT : $2,294 MEDIAN RENT : $2,463
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 $2,294 would therefore be considered affordable for annual household incomes greater than $91,760 (12 months x 3.333 x $2,294).
HOUSEHOLD INCOME RANGE
Approximately 1,886 of households in this neighborhood have a total annual income of $91,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,294 per month.
MINIMUM INCOME RANGE : $91,760
COMMUTE TIME DISTRIBUTION
62% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.
South Miami Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 13.4% |
| Construction | 6.8% |
| Educational Services | 15.5% |
| Health Care & Social Assistance | 13.5% |
| Professional & Scientific Tech Services | 10.6% |
| Retail & Wholesale Trader | 8.4% |
| Other | 31.6% |
AGE DISTRIBUTION
55% of the population is between the ages of 25 and 64, 32% is 24 or younger and 13% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 17.9% |
| 15-19 | 4.4% |
| 20-24 | 9.7% |
| 25-44 | 29.7% |
| 45-65 | 25.3% |
| 66+ | 12.9% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 9.3% |
| Healthcare | 9.3% |
| Management, Business, & Financial | 24.0% |
| Natural Resources Maintenance | 6.6% |
| Production & Transportation | 6.3% |
| Sales & Office | 18.4% |
| Other | 26.2% |
HIGHEST EDUCATION LEVEL
29% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 8.8% |
| High School | 19.1% |
| Masters Degree | 12.4% |
| Some College | 17.4% |
| Some High School | 8.5% |
| Other | 33.8% |
6290 Sw 60th Ave Comps
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