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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

6531 Sw 59th Ave South Miami, FL 33143

2 Beds 1 Baths 780 sqft Built 1948
Last updated:  Oct 23, 2019

INVESTimate

$217,581

$208K - $227K

Price Est.

$1,869

$1.7K - $2.1K

Rent Est.

$230,440  ( +5.91%)   1 YR EST. FORECAST
  
  
  

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6531 Sw 59th Ave PROPERTY INFO

FACTS
  • Built In 1948
  • Price/Sqft : $278.95
CONSTRUCTION
  • Beds : 2
  • Floor Size : 780 sqft
  • Baths : 1 Full

6531 Sw 59th Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SUNSET ELEMENTARY SCHOOL Primary Magnet 1,134 83 10
PONCE DE LEON MIDDLE SCHOOL Middle Magnet 1,178 67 5
CORAL GABLES SENIOR HIGH SCHOOL High Magnet 3,285 148 5

SUNSET ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 1,134
  • # of teachers: 83
10
GreatSchools Rating

PONCE DE LEON MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,178
  • # of teachers: 67
5
GreatSchools Rating

CORAL GABLES SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 3,285
  • # of teachers: 148
5
GreatSchools Rating
 

Financial Details

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Neighborhood

University Park

  • 291

    POPULATION
  • 98

    HOUSEHOLDS
  • 50.8%

    WHITE COLLAR

Neighborhood : University Park

HOUSEHOLDS
98
POPULATION

291

81.6%Renters
18.4%Home Owners
LABOR FORCE

 

50.8%White Collar
49.2%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 $1,869 per month.

MY RENT : $1,869 MEDIAN RENT : $2,115

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 $1,869 would therefore be considered affordable for annual household incomes greater than $74,760 (12 months x 3.333 x $1,869).

Rent % Affordability
Above $500 49.5%
Above $700 41.2%
Above $1,100 25.5%
Above $1,500 15.8%
Above $1,900 10.7%
HOUSEHOLD INCOME RANGE

Approximately 9 of households in this neighborhood have a total annual income of $74,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,869 per month.

MINIMUM INCOME RANGE : $74,760

Income % Distribution
<$20K 50.5%
$20K-$35K 16.8%
$35K-$60K 16.8%
$60K-$100K 8.9%
>=$100K 6.9%
COMMUTE TIME DISTRIBUTION

81% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 9.0%
10-14 mins 5.0%
15-19 mins 16.0%
20-29 mins 15.0%
30-44 mins 50.0%
45-59 mins 2.0%
>60 mins 3.0%
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 $1,869 per month.

MY RENT : $1,869 MEDIAN RENT : $2,115

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 $1,869 would therefore be considered affordable for annual household incomes greater than $74,760 (12 months x 3.333 x $1,869).

Rent % Affordability
Above $500 49.5%
Above $700 41.2%
Above $1,100 25.5%
Above $1,500 15.8%
Above $1,900 10.7%
HOUSEHOLD INCOME RANGE

Approximately 9 of households in this neighborhood have a total annual income of $74,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,869 per month.

MINIMUM INCOME RANGE : $74,760

Income % Distribution
<$20K 50.5%
$20K-$35K 16.8%
$35K-$60K 16.8%
$60K-$100K 8.9%
>=$100K 6.9%
COMMUTE TIME DISTRIBUTION

81% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 9.0%
10-14 mins 5.0%
15-19 mins 16.0%
20-29 mins 15.0%
30-44 mins 50.0%
45-59 mins 2.0%
>60 mins 3.0%

University Park Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 16.8%
Construction 8.4%
Educational Services 15.9%
Health Care & Social Assistance 18.7%
Retail & Wholesale Trader 6.5%
Transportation 6.5%
Other 27.1%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 36% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 8.6%
15-19 6.9%
20-24 20.6%
25-44 39.2%
45-65 14.4%
66+ 10.3%
OCCUPATION

Occupation % Distribution
Clean 22.4%
Healthcare 11.8%
Management, Business, & Financial 10.6%
Natural Resources Maintenance 10.6%
Production & Transportation 8.2%
Sales & Office 9.4%
Other 27.1%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.6%
High School 29.4%
Masters Degree 6.9%
Some College 21.8%
Some High School 20.2%
Other 17.2%

6531 Sw 59th Ave Comps

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6531 Sw 59th Ave, South Miami, FL 33143 is a single family home of 780 sqft. HomeUnion INVESTimateĀ® for 6531 Sw 59th Ave includes a Price Estimate of $217,581 and a Rent Estimate of $1,869. This single family home has 2 bedrooms,1 bathrooms, and was built in 1948. This property has an estimated 15 year annualized Yield of 10.31% and Total Return of 28.23%. The estimated 1 year forecast in home value for 6531 Sw 59th Ave 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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