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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

6400 Sw 62nd Ct South Miami, FL 33143

3 Beds 1 Baths 1,258 sqft Built 1950
Last updated:  Oct 23, 2019

INVESTimate

$335,819

$321K - $350K

Price Est.

$2,173

$1.9K - $2.4K

Rent Est.

$355,666  ( +5.91%)   1 YR EST. FORECAST
  
  
  

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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

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

Cocoplum Terrace

  • 568

    POPULATION
  • 161

    HOUSEHOLDS
  • 62.0%

    WHITE COLLAR

Neighborhood : Cocoplum Terrace

HOUSEHOLDS
161
POPULATION

568

37.7%Renters
62.3%Home Owners
LABOR FORCE

 

62.0%White Collar
38.0%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 $2,173 per month.

MY RENT : $2,173 MEDIAN RENT : $2,456

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 $2,173 would therefore be considered affordable for annual household incomes greater than $86,920 (12 months x 3.333 x $2,173).

Rent % Affordability
Above $500 79.5%
Above $700 77.1%
Above $1,100 52.0%
Above $1,500 40.4%
Above $1,900 28.6%
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

Income % Distribution
<$20K 20.5%
$20K-$35K 14.9%
$35K-$60K 24.2%
$60K-$100K 24.8%
>=$100K 15.5%
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.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 20.4%
10-14 mins 13.9%
15-19 mins 28.2%
20-29 mins 14.3%
30-44 mins 15.7%
45-59 mins 1.1%
>60 mins 6.4%
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

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 $2,173 would therefore be considered affordable for annual household incomes greater than $86,920 (12 months x 3.333 x $2,173).

Rent % Affordability
Above $500 79.5%
Above $700 77.1%
Above $1,100 52.0%
Above $1,500 40.4%
Above $1,900 28.6%
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

Income % Distribution
<$20K 20.5%
$20K-$35K 14.9%
$35K-$60K 24.2%
$60K-$100K 24.8%
>=$100K 15.5%
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.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 20.4%
10-14 mins 13.9%
15-19 mins 28.2%
20-29 mins 14.3%
30-44 mins 15.7%
45-59 mins 1.1%
>60 mins 6.4%

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

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