14405 Sw 202 Ave, Unincorporated County

14405 Sw 202 Ave is a 1,009 sq ft Improved agricultural in Unincorporated County. It was built in 1987. 14405 Sw 202 Ave sits on 5.00 acres of land. In 2013 similar properties sold for between $30,472 and $62,787. We estimate the income value of 14405 Sw 202 Ave at $98,378. The assumptions we used to calculate this value are include in the spreadsheet linked below. Unincorporated County is in Miami Dade County, Florida.

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14405 Sw 202 Ave Property Summary

14405 Sw 202 Ave
Unincorporated County
FL 33196

Property Size:1,009 sq ft
Acreage:5.00
Year Built:1987
Property Class:C1
Lat, Long: 25.630, -80.519

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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Estimated Value: 14405 Sw 202 Ave

Market Data

In 2013 class A improved agricultural properties in Unincorporated County sold for $175.96 to 863.10 per sq ft with a median price per sq ft of $252.54. Class B properties sold for $61.64 to 175.95 per sq ft with a median of $98.98 and class C properties sold for $29.91 to 61.63 per sq ft with a median of $56.06.

Market Valuation

14405 Sw 202 Ave appears to be a C Class property. Suggested value: $57,112

HighMedianLow
Value62,787 57,112 30,472

Income Valuation - Triple Net Lease

Visulate estimates the income value of this property is $98,378. 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 14405 Sw 202 Ave:

  • The Household Income estimate assumes the tenant has a total household income of $48,934 and spends 35% 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 $1,427
Household Income - Renters $1,074
Market Rents $1,031
Price/Ft $740

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 14405 Sw 202 Ave. 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.

Net lease values for maintenance, property tax, utilities and insurance shown below are calculated as a percentage of the full amount based on the vacancy percentage.

Amount
Monthly Rent1,031
Annual Rent per Sq Ft12.00
Gross Annual Rent12,375
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount1,856
Maintenance79
HOA, Utilities and CAM0
Property Taxes616
Insurance228
Management Fees743
NOI8,854
Cap Rate9
Estimated Value98,378
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.

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Local Household Income

The median household income in this part of Florida is $61,705. The bottom 10% of the population earn less than $18,026 per year. The top 10% earn more than $173,933 per year. The top 1% earn more than $526,101 per year. Most renters earn between $28,740 (20th percentile) and $62,736 (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 $1,169. Most renters earn between $2,395 and $5,228 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $772 (20th percentile) to $1,753 (80th percentile) range. The residential vacancy rate is 10%.

Links

  1. 14405 Sw 202 Ave, Unincorporated County, FL on Google Maps
  2. 14405 Sw 202 Ave Walkscore
  3. Unincorporated County, FL Property Values on Trulia
  4. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Guanachapi Nursery Inc (14400 Sw 202 Ave)

Sales History

DateSold BySold ToDeed TypePrice
08/01/2011 Not Recorded Buyer: 6647578 Unknown 100.00
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.