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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

6747 Sw 77th Ter South Miami, FL 33143

2 Beds 1 Baths 997 sqft Built 1952
Last updated:  Dec 26, 2019

INVESTimate

$317,964

$304K - $332K

Price Est.

$2,416

$2.2K - $2.7K

Rent Est.

$336,756  ( +5.91%)   1 YR EST. FORECAST
  
  
  

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6747 Sw 77th Ter PROPERTY INFO

FACTS
  • Built In 1952
  • Price/Sqft : $318.92
CONSTRUCTION
  • Beds : 2
  • Floor Size : 997 sqft
  • Baths : 1 Full

6747 Sw 77th Ter 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

West Larkin Park

  • 203

    POPULATION
  • 77

    HOUSEHOLDS
  • 84.7%

    WHITE COLLAR

Neighborhood : West Larkin Park

HOUSEHOLDS
77
POPULATION

203

17.3%Renters
82.7%Home Owners
LABOR FORCE

 

84.7%White Collar
15.3%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 $2,416 per month.

MY RENT : $2,416 MEDIAN RENT : $2,625

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 $2,416 would therefore be considered affordable for annual household incomes greater than $96,640 (12 months x 3.333 x $2,416).

Rent % Affordability
Above $500 89.6%
Above $700 84.4%
Above $1,100 76.9%
Above $1,500 75.3%
Above $1,900 57.8%
HOUSEHOLD INCOME RANGE

Approximately 33 of households in this neighborhood have a total annual income of $96,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,416 per month.

MINIMUM INCOME RANGE : $96,640

Income % Distribution
<$20K 10.4%
$20K-$35K 6.5%
$35K-$60K 7.8%
$60K-$100K 33.8%
>=$100K 41.6%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.6%
5-9 mins 9.6%
10-14 mins 13.0%
15-19 mins 0.9%
20-29 mins 37.4%
30-44 mins 16.5%
45-59 mins 17.4%
>60 mins 2.6%
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 $2,416 per month.

MY RENT : $2,416 MEDIAN RENT : $2,625

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 $2,416 would therefore be considered affordable for annual household incomes greater than $96,640 (12 months x 3.333 x $2,416).

Rent % Affordability
Above $500 89.6%
Above $700 84.4%
Above $1,100 76.9%
Above $1,500 75.3%
Above $1,900 57.8%
HOUSEHOLD INCOME RANGE

Approximately 33 of households in this neighborhood have a total annual income of $96,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,416 per month.

MINIMUM INCOME RANGE : $96,640

Income % Distribution
<$20K 10.4%
$20K-$35K 6.5%
$35K-$60K 7.8%
$60K-$100K 33.8%
>=$100K 41.6%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.6%
5-9 mins 9.6%
10-14 mins 13.0%
15-19 mins 0.9%
20-29 mins 37.4%
30-44 mins 16.5%
45-59 mins 17.4%
>60 mins 2.6%

West Larkin Park Demographics

INDUSTRY

Industry % Distribution
Construction 6.9%
Educational Services 20.7%
Financial Industries 6.9%
Health Care & Social Assistance 11.2%
Manufacturing 7.8%
Professional & Scientific Tech Services 23.3%
Other 23.3%
AGE DISTRIBUTION

63% of the population is between the ages of 25 and 64, 21% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 15.8%
15-19 1.0%
20-24 4.4%
25-44 28.1%
45-65 34.5%
66+ 16.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 3.2%
Construction 12.6%
Healthcare 13.7%
Management, Business, & Financial 35.8%
Natural Resources Maintenance 8.4%
Sales & Office 21.1%
Other 5.3%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.6%
High School 23.8%
Masters Degree 8.8%
Some College 10.0%
Some High School 6.2%
Other 45.6%

6747 Sw 77th Ter Comps

Sorry, we do not have sufficient data available.

6747 Sw 77th Ter, South Miami, FL 33143 is a single family home of 997 sqft. HomeUnion INVESTimateĀ® for 6747 Sw 77th Ter includes a Price Estimate of $317,964 and a Rent Estimate of $2,416. This single family home has 2 bedrooms,1 bathrooms, and was built in 1952. This property has an estimated 15 year annualized Yield of 9.12% and Total Return of 23.75%. The estimated 1 year forecast in home value for 6747 Sw 77th Ter 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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