210 Nw 126 St, North Miami - $100,000

Usage

Single Family

Address:

210 Nw 126 St
North Miami
FL 33168

Property Size:1,184 sq ft
Acreage:0.22
Year Built:1949
Property Class:C2
Latitude:25.890
Longitude:-80.203

For Sale - 210 Nw 126 St, $100,000

N/A

SHORT SALE COMMISSION AND OFFER SUBJECT TO BANK APPROVAL.COMMISSION WILL BE DIVIDED 50/50 BETWEEN BROKERS.

Bedrooms2
Full Bathrooms1
Half Bathrooms0
High School
Middle School
Elementary School
MLS NumberA1857302
Verified07/22/2014 01:35am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 13697612

Please quote reference number: 13697612 when you call or email


Listing provided by Florida Realty of Miami Corp. Copyright 2014 Multiple Listing Service of South East Florida and Miami Association of Realtors. All rights reserved.

Estimated Value: 210 Nw 126 St

Market Data

In 2013 class A single family properties in North Miami 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

210 Nw 126 St appears to be a C Class property. Suggested value: $37,687

HighMedianLow
Value45,093 37,687 6,136

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $47,800. 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 210 Nw 126 St:

  • The Household Income estimate assumes the tenant has a total household income of $25,985 and spends 39% 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 $845
Household Income - Renters $867
Market Rents $838
Price/Ft $770

Expense Estimates:

  • Census data records show 10% 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 210 Nw 126 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 Rent838
Annual Rent per Sq Ft8.00
Gross Annual Rent10,059
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount1,509
Maintenance616
HOA, Utilities and CAM0
Property Taxes1,467
Insurance1,159
Management Fees1,006
NOI4,302
Cap Rate9
Estimated Value47,800
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]
Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $47,871. The bottom 10% of the population earn less than $16,291 per year. The top 10% earn more than $149,464 per year. The top 1% earn more than $657,944 per year. Most renters earn between $25,896 (20th percentile) and $45,840 (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 $1,021. Most renters earn between $2,158 and $3,820 per month. They typically spend 39% of their monthly income on rent. Most rents fall in the $808 (20th percentile) to $1,395 (80th percentile) range. The residential vacancy rate is 10%.

Links

  1. 210 Nw 126 St, North Miami, FL on Zillow
  2. Recent Sales near 210 Nw 126 St, North Miami, FL on Realtor.com
  3. 210 Nw 126 St, North Miami, FL on Google Maps
  4. North Miami, FL Property Values on Trulia
  5. Demographic Data for Zipcode 33168 from City-Data.com
  6. North Miami Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 33168 Zipcode

Owner Details

Companies near this Address

  1. Premiere Eglise Apocalypse De La Restoration-First Revelation Church Of Restoration Inc (301 Ne 125th St)
  2. Zion Family And Children Development Center Inc. (245 Nw 127th St)
  3. La Oficina Corp. (220 Nw 126th St)
  4. Good Life Ministries Inc (12465 Nw 2nd Ave)
  5. Revelation Mizik Ministry Inc. (12465 Nw 2nd Ave)
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.

MLS Data

Visulate participates in My Flordia Regional, South East Florida MLS and the Brevard County Broker Reciprocity programs, allowing us to display other broker's listings on our site. Listing data supplied by other brokers is deemed reliable but not guaranteed. It is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties to buy, lease or rent.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Programs of My Flordia Regional, South East Florida MLS and Brevard County, Florida. Real estate listings held by brokerage firms other than Visulate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.