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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

9300 Bay Harbor Ter 2a Bay Harbor Islands, FL 33154

2 Beds 2 Baths 1,450 sqft Built 1981
Last updated:  Oct 23, 2019

INVESTimate

$319,934

$307K - $333K

Price Est.

$2,406

$2.1K - $2.7K

Rent Est.

$339,578  ( +6.14%)   1 YR EST. FORECAST
  
  
  

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9300 Bay Harbor Ter 2a PROPERTY INFO

FACTS
  • Built In 1981
  • Price/Sqft : $220.64
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,450 sqft
  • Baths : 2 Full

9300 Bay Harbor Ter 2a SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
RUTH K. BROAD BAY HARBOR K-8 CENTER Primary Regular 1,205 71 9
RUTH K. BROAD BAY HARBOR K-8 CENTER Middle Regular 1,205 71 9
MIAMI BEACH SENIOR HIGH SCHOOL High Regular 2,425 108 5

RUTH K. BROAD BAY HARBOR K-8 CENTER

  • Education Level: Primary
  • # of students: 1,205
  • # of teachers: 71
9
GreatSchools Rating

RUTH K. BROAD BAY HARBOR K-8 CENTER

  • Education Level: Middle
  • # of students: 1,205
  • # of teachers: 71
9
GreatSchools Rating

MIAMI BEACH SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 2,425
  • # of teachers: 108
5
GreatSchools Rating
 

Financial Details

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Neighborhood

Bay Harbor Islands

  • 5,915

    POPULATION
  • 2,607

    HOUSEHOLDS
  • 73.6%

    WHITE COLLAR

Neighborhood : Bay Harbor Islands

HOUSEHOLDS
2,607
POPULATION

5,915

58.2%Renters
41.8%Home Owners
LABOR FORCE

 

73.6%White Collar
26.4%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 $2,406 per month.

MY RENT : $2,406 MEDIAN RENT : $2,426

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 $2,406 would therefore be considered affordable for annual household incomes greater than $96,240 (12 months x 3.333 x $2,406).

Rent % Affordability
Above $500 86.3%
Above $700 73.0%
Above $1,100 62.6%
Above $1,500 49.2%
Above $1,900 38.2%
HOUSEHOLD INCOME RANGE

Approximately 741 of households in this neighborhood have a total annual income of $96,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,406 per month.

MINIMUM INCOME RANGE : $96,240

Income % Distribution
<$20K 13.7%
$20K-$35K 18.2%
$35K-$60K 18.9%
$60K-$100K 21.6%
>=$100K 27.6%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.2%
5-9 mins 8.1%
10-14 mins 14.0%
15-19 mins 5.5%
20-29 mins 17.7%
30-44 mins 31.4%
45-59 mins 11.8%
>60 mins 7.3%
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 $2,406 per month.

MY RENT : $2,406 MEDIAN RENT : $2,426

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 $2,406 would therefore be considered affordable for annual household incomes greater than $96,240 (12 months x 3.333 x $2,406).

Rent % Affordability
Above $500 86.3%
Above $700 73.0%
Above $1,100 62.6%
Above $1,500 49.2%
Above $1,900 38.2%
HOUSEHOLD INCOME RANGE

Approximately 741 of households in this neighborhood have a total annual income of $96,240 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,406 per month.

MINIMUM INCOME RANGE : $96,240

Income % Distribution
<$20K 13.7%
$20K-$35K 18.2%
$35K-$60K 18.9%
$60K-$100K 21.6%
>=$100K 27.6%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.2%
5-9 mins 8.1%
10-14 mins 14.0%
15-19 mins 5.5%
20-29 mins 17.7%
30-44 mins 31.4%
45-59 mins 11.8%
>60 mins 7.3%

Bay Harbor Islands Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.7%
Arts & Entertainment 11.3%
Educational Services 9.2%
Health Care & Social Assistance 11.9%
Professional & Scientific Tech Services 15.1%
Retail & Wholesale Trader 11.9%
Other 33.8%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 29% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 21.2%
15-19 3.9%
20-24 4.0%
25-44 24.4%
45-65 30.3%
66+ 16.2%
OCCUPATION

Occupation % Distribution
Clean 4.2%
Healthcare 4.9%
Legal 6.2%
Management, Business, & Financial 26.0%
Production & Transportation 11.9%
Sales & Office 25.7%
Other 21.2%
HIGHEST EDUCATION LEVEL

24% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.8%
High School 17.1%
Masters Degree 11.4%
Some College 19.1%
Some High School 6.8%
Other 40.8%

9300 Bay Harbor Ter 2a Comps

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9300 Bay Harbor Ter 2a, Bay Harbor Islands, FL 33154 is a single family home of 1,450 sqft. HomeUnion INVESTimateĀ® for 9300 Bay Harbor Ter 2a includes a Price Estimate of $319,934 and a Rent Estimate of $2,406. This single family home has 2 bedrooms,2 bathrooms, and was built in 1981. This property has an estimated 15 year annualized Yield of 9.02% and Total Return of 25.45%. The estimated 1 year forecast in home value for 9300 Bay Harbor Ter 2a is 6.14%.

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 33154 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 33141
  2. 33181