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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

6771 Sw 62nd Ter South Miami, FL 33143

3 Beds 2 Baths 2,546 sqft Built 1966
Last updated:  Jan 23, 2020

INVESTimate

$552,835

$526K - $580K

Price Est.

$4,607

$4.0K - $5.2K

Rent Est.

$585,508  ( +5.91%)   1 YR EST. FORECAST
  
  
  

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6771 Sw 62nd Ter PROPERTY INFO

FACTS
  • Built In 1966
  • Price/Sqft : $217.14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,546 sqft
  • Baths : 2 Full

6771 Sw 62nd Ter SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SOUTH MIAMI K-8 CENTER SCHOOL Primary Magnet 825 60 8
SOUTH MIAMI MIDDLE SCHOOL Middle Magnet 1,026 51 9
SOUTH MIAMI SENIOR HIGH SCHOOL High Magnet 2,248 111 4

SOUTH MIAMI K-8 CENTER SCHOOL

  • Education Level: Primary
  • # of students: 825
  • # of teachers: 60
8
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

Tranquility Estates

  • 104

    POPULATION
  • 29

    HOUSEHOLDS
  • 82.7%

    WHITE COLLAR

Neighborhood : Tranquility Estates

HOUSEHOLDS
29
POPULATION

104

7.1%Renters
92.9%Home Owners
LABOR FORCE

 

82.7%White Collar
17.3%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 $4,607 per month.

MY RENT : $4,607 MEDIAN RENT : $4,398

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 $4,607 would therefore be considered affordable for annual household incomes greater than $184,280 (12 months x 3.333 x $4,607).

Rent % Affordability
Above $500 89.7%
Above $700 87.6%
Above $1,100 82.8%
Above $1,500 72.4%
Above $1,900 68.7%
HOUSEHOLD INCOME RANGE

Approximately 5 of households in this neighborhood have a total annual income of $184,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,607 per month.

MINIMUM INCOME RANGE : $184,280

Income % Distribution
<$20K 10.3%
$20K-$35K 3.4%
$35K-$60K 13.8%
$60K-$100K 10.3%
>=$100K 62.1%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 9.1%
10-14 mins 11.4%
15-19 mins 15.9%
20-29 mins 27.3%
30-44 mins 18.2%
45-59 mins 11.4%
>60 mins 6.8%
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 $4,607 per month.

MY RENT : $4,607 MEDIAN RENT : $4,398

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 $4,607 would therefore be considered affordable for annual household incomes greater than $184,280 (12 months x 3.333 x $4,607).

Rent % Affordability
Above $500 89.7%
Above $700 87.6%
Above $1,100 82.8%
Above $1,500 72.4%
Above $1,900 68.7%
HOUSEHOLD INCOME RANGE

Approximately 5 of households in this neighborhood have a total annual income of $184,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,607 per month.

MINIMUM INCOME RANGE : $184,280

Income % Distribution
<$20K 10.3%
$20K-$35K 3.4%
$35K-$60K 13.8%
$60K-$100K 10.3%
>=$100K 62.1%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 9.1%
10-14 mins 11.4%
15-19 mins 15.9%
20-29 mins 27.3%
30-44 mins 18.2%
45-59 mins 11.4%
>60 mins 6.8%

Tranquility Estates Demographics

INDUSTRY

Industry % Distribution
Administrative Support 12.8%
Arts & Entertainment 8.5%
Health Care & Social Assistance 21.3%
Professional & Scientific Tech Services 10.6%
Retail & Wholesale Trader 23.4%
Transportation 8.5%
Other 14.9%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 34% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 13.5%
15-19 2.9%
20-24 17.3%
25-44 25.0%
45-65 27.9%
66+ 13.5%
OCCUPATION

Occupation % Distribution
Healthcare 10.7%
Legal 7.1%
Management, Business, & Financial 35.7%
PCare 7.1%
Protect 7.1%
Sales & Office 25.0%
Other 7.1%
HIGHEST EDUCATION LEVEL

26% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
High School 10.1%
Masters Degree 14.5%
Professional 7.2%
Some College 20.3%
Some High School 4.3%
Other 43.5%

6771 Sw 62nd Ter Comps

Sorry, we do not have sufficient data available.

6771 Sw 62nd Ter, South Miami, FL 33143 is a single family home of 2,546 sqft. HomeUnion INVESTimateĀ® for 6771 Sw 62nd Ter includes a Price Estimate of $552,835 and a Rent Estimate of $4,607. This single family home has 3 bedrooms,2 bathrooms, and was built in 1966. This property has an estimated 15 year annualized Yield of 10.00% and Total Return of 29.38%. The estimated 1 year forecast in home value for 6771 Sw 62nd 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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