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6400 Sw 62nd Ct PROPERTY INFO
FACTS
- Built In 1950
- Price/Sqft : $266.95
CONSTRUCTION
- Beds : 3
- Floor Size : 1,258 sqft
- Baths : 1 Full
6400 Sw 62nd Ct SCHOOLS
Financial Details
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Cocoplum Terrace
Neighborhood : Cocoplum Terrace
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 $2,173 per month.
MY RENT : $2,173 MEDIAN RENT : $2,456
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 $2,173 would therefore be considered affordable for annual household incomes greater than $86,920 (12 months x 3.333 x $2,173).
HOUSEHOLD INCOME RANGE
Approximately 30 of households in this neighborhood have a total annual income of $86,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,173 per month.
MINIMUM INCOME RANGE : $86,920
COMMUTE TIME DISTRIBUTION
58% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.
Cocoplum Terrace Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 19.0% |
| Educational Services | 14.9% |
| Financial Industries | 6.1% |
| Health Care & Social Assistance | 16.6% |
| Professional & Scientific Tech Services | 9.2% |
| Retail & Wholesale Trader | 5.8% |
| Other | 28.5% |
AGE DISTRIBUTION
54% of the population is between the ages of 25 and 64, 32% is 24 or younger and 14% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 11.8% |
| 15-19 | 5.8% |
| 20-24 | 14.4% |
| 25-44 | 23.1% |
| 45-65 | 30.6% |
| 66+ | 14.3% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Healthcare | 11.9% |
| Legal | 7.5% |
| Management, Business, & Financial | 7.9% |
| PCare | 7.5% |
| Production & Transportation | 9.3% |
| Sales & Office | 23.8% |
| Other | 32.2% |
HIGHEST EDUCATION LEVEL
23% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 8.4% |
| High School | 14.0% |
| Masters Degree | 7.1% |
| Some College | 24.9% |
| Some High School | 14.2% |
| Other | 31.3% |
6400 Sw 62nd Ct Comps
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6400 Sw 62nd Ct, South Miami, FL 33143 is a single family home of 1,258 sqft. HomeUnion INVESTimateĀ® for 6400 Sw 62nd Ct includes a Price Estimate of $335,819 and a Rent Estimate of $2,173. This single family home has 3 bedrooms,1 bathrooms, and was built in 1950. This property has an estimated 15 year annualized Yield of 7.76% and Total Return of 23.89%. The estimated 1 year forecast in home value for 6400 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
