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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

6621 Mimosa Ct South Miami, FL 33143

4 Beds 4 Baths 3,034 sqft Built 2007
Last updated:  Oct 23, 2019

INVESTimate

$992,561

$949K - $1.04M

Price Est.

$4,036

$3.5K - $4.6K

Rent Est.

$1,051,221  ( +5.91%)   1 YR EST. FORECAST
  
  
  

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6621 Mimosa Ct PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $327.15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,034 sqft
  • Baths : 4 Full

6621 Mimosa Ct SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LUDLAM ELEMENTARY SCHOOL Primary Regular 431 29 7
SOUTH MIAMI MIDDLE SCHOOL Middle Magnet 1,026 51 9
SOUTH MIAMI SENIOR HIGH SCHOOL High Magnet 2,248 111 4

LUDLAM ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 431
  • # of teachers: 29
7
GreatSchools Rating

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

Davis Gardens

  • 88

    POPULATION
  • 27

    HOUSEHOLDS
  • 61.9%

    WHITE COLLAR

Neighborhood : Davis Gardens

HOUSEHOLDS
27
POPULATION

88

37.0%Renters
63.0%Home Owners
LABOR FORCE

 

61.9%White Collar
38.1%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 $4,036 per month.

MY RENT : $4,036 MEDIAN RENT : $3,700

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 $4,036 would therefore be considered affordable for annual household incomes greater than $161,440 (12 months x 3.333 x $4,036).

Rent % Affordability
Above $500 76.2%
Above $700 76.2%
Above $1,100 54.3%
Above $1,500 42.9%
Above $1,900 28.0%
HOUSEHOLD INCOME RANGE

Approximately 1 of households in this neighborhood have a total annual income of $161,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,036 per month.

MINIMUM INCOME RANGE : $161,440

Income % Distribution
<$20K 23.8%
$20K-$35K 9.5%
$35K-$60K 23.8%
$60K-$100K 28.6%
>=$100K 14.3%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 36% 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 21.4%
10-14 mins 14.3%
15-19 mins 28.6%
20-29 mins 14.3%
30-44 mins 14.3%
45-59 mins 0.0%
>60 mins 7.1%
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 $4,036 per month.

MY RENT : $4,036 MEDIAN RENT : $3,700

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 $4,036 would therefore be considered affordable for annual household incomes greater than $161,440 (12 months x 3.333 x $4,036).

Rent % Affordability
Above $500 76.2%
Above $700 76.2%
Above $1,100 54.3%
Above $1,500 42.9%
Above $1,900 28.0%
HOUSEHOLD INCOME RANGE

Approximately 1 of households in this neighborhood have a total annual income of $161,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,036 per month.

MINIMUM INCOME RANGE : $161,440

Income % Distribution
<$20K 23.8%
$20K-$35K 9.5%
$35K-$60K 23.8%
$60K-$100K 28.6%
>=$100K 14.3%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 36% 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 21.4%
10-14 mins 14.3%
15-19 mins 28.6%
20-29 mins 14.3%
30-44 mins 14.3%
45-59 mins 0.0%
>60 mins 7.1%

Davis Gardens Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 19.1%
Educational Services 14.9%
Financial Industries 6.4%
Health Care & Social Assistance 17.0%
Professional & Scientific Tech Services 8.5%
Retail & Wholesale Trader 6.4%
Other 27.7%
AGE DISTRIBUTION

55% 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 11.4%
15-19 5.7%
20-24 14.8%
25-44 23.9%
45-65 30.7%
66+ 13.6%
OCCUPATION

Occupation % Distribution
Healthcare 10.8%
Legal 8.1%
Management, Business, & Financial 8.1%
PCare 8.1%
Production & Transportation 8.1%
Sales & Office 24.3%
Other 32.4%
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 8.8%
High School 14.0%
Masters Degree 7.0%
Some College 24.6%
Some High School 14.0%
Other 31.6%

6621 Mimosa Ct Comps

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6621 Mimosa Ct, South Miami, FL 33143 is a single family home of 3,034 sqft. HomeUnion INVESTimateĀ® for 6621 Mimosa Ct includes a Price Estimate of $992,561 and a Rent Estimate of $4,036. This single family home has 4 bedrooms,4 bathrooms, and was built in 2007. This property has an estimated 15 year annualized Yield of 4.88% and Total Return of 14.11%. The estimated 1 year forecast in home value for 6621 Mimosa 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

Nearest zipcodes within 2 miles

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  5. 33134