455 Ne 111 St, Unincorporated County

Usage

Single Family

Address:

455 Ne 111 St
Unincorporated County
FL 33161

Property Size:1,033 sq ft
Acreage:0.14
Year Built:1950
Property Class:C2
Latitude:25.878
Longitude:-80.189

Not Offered for Sale

This property is not currently for sale by Visulate but we may be able to find something similar. Contact us for details.

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Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

Contact us if you want to buy or sell real estate in Unincorporated County:

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Please quote reference number: 13612919 in your email

Estimated Value: 455 Ne 111 St

Market Data

In 2013 class A single family properties in Unincorporated County sold for $155.23 to 961.19 per sq ft with a median price per sq ft of $219.07. Class B properties sold for $74.23 to 155.22 per sq ft with a median of $108.01 and class C properties sold for $10.10 to 74.22 per sq ft with a median of $62.03.

Market Valuation

455 Ne 111 St appears to be a C Class property. Suggested value: $49,759

HighMedianLow
Value59,538 49,759 8,102

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $30,778. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 455 Ne 111 St:

  • The Household Income estimate assumes the tenant has a total household income of $22,720 and spends 33% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $625
Household Income - Renters $794
Market Rents $662
Price/Ft $850

Expense Estimates:

  • Census data records show 8% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 455 Ne 111 St. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Amount
Monthly Rent662
Annual Rent per Sq Ft8.00
Gross Annual Rent7,942
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount1,032
Maintenance537
HOA, Utilities and CAM0
Property Taxes1,553
Insurance1,256
Management Fees794
NOI2,770
Cap Rate9
Estimated Value30,778
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Miami Dade County, Florida
[Property Appraiser] [Tax Record]
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Local Household Income

The median household income in this part of Florida is $66,185. The bottom 10% of the population earn less than $16,544 per year. The top 10% earn more than $254,559 per year. The top 1% earn more than $766,107 per year. Most renters earn between $30,420 (20th percentile) and $62,856 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $1,050. Most renters earn between $2,535 and $5,238 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $734 (20th percentile) to $1,621 (80th percentile) range. The residential vacancy rate is 8%.

Links

  1. 455 Ne 111 St, Unincorporated County, FL on Zillow
  2. Recent Sales near 455 Ne 111 St, Unincorporated County, FL on Realtor.com
  3. 455 Ne 111 St, Unincorporated County, FL on Google Maps
  4. Unincorporated County, FL Property Values on Trulia
  5. Demographic Data for Zipcode 33161 from City-Data.com
  6. Unincorporated County Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 33161 Zipcode

Owner Details

Companies near this Address

  1. Katia Refeca, P. A. (520 Ne 110 Terrace)
  2. First Quality Picking, Inc. (469 Ne 112 Street)
  3. Wright Online Inc (810 Crosswinds Dr)
  4. Tomorrow'S Child, Inc. (481 Ne 110th Ter)
  5. Liz'S Hair Design, Incorporated (481 Ne 110 Terr)
  6. Movla Investment, Inc. (431 Ne 110 Terrace)
  7. Cs Group Services LLC (430 Ne 110th Ter)
  8. Gnj, LLC (480 Ne 111 St)
  9. Total Excellent Care Corp Inc (480 Ne 111 St)
  10. Pbp Foundation, Inc. (420 Ne 112 St)
  11. App31 LLC (510 Ne 110 Terr)
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.