1215 Ne 95 St, Miami Shores

Usage

Single Family

Address:

1215 Ne 95 St
Miami Shores
FL 33138

Property Size:2,874 sq ft
Acreage:0.30
Year Built:1940
Property Class:B4
Latitude:25.863
Longitude:-80.174

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.

Welcome to Visulate

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 Miami Shores:

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Please quote reference number: 13923475 in your email

Estimated Value: 1215 Ne 95 St

Market Data

In 2013 class A single family properties in Miami Shores 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

1215 Ne 95 St appears to be a B Class property. Suggested value: $475,619

HighMedianLow
Value683,507 475,619 326,870

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $21,014. 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 1215 Ne 95 St:

  • The Household Income estimate assumes the tenant has a total household income of $112,926 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 $3,670
Household Income - Renters $1,588
Market Rents $1,523
Price/Ft $2,225

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 1215 Ne 95 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 Rent1,523
Annual Rent per Sq Ft6.00
Gross Annual Rent18,273
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount2,741
Maintenance1,494
HOA, Utilities and CAM0
Property Taxes7,927
Insurance2,813
Management Fees1,827
NOI1,471
Cap Rate7
Estimated Value21,014
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. 1215 Ne 95 St, Miami Shores, FL on Zillow
  2. Recent Sales near 1215 Ne 95 St, Miami Shores, FL on Realtor.com
  3. 1215 Ne 95 St, Miami Shores, FL on Google Maps
  4. Miami Shores, FL Property Values on Trulia
  5. Demographic Data for Zipcode 33138 from City-Data.com
  6. Miami Shores Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 33138 Zipcode

Owner Details

Companies near this Address

  1. Bjy, Inc. (1291 Ne 94 Street)
  2. Main Street Baseball LLC (1300 Ne 94th St)
  3. Main Street Communications, LLC (1300 Ne 94th St)
  4. Main Street Iowa, LLC (1300 Ne 94th St)
  5. Main Street Amusements, LLC (1300 Ne 94th St)
  6. Suzy Giller, Inc. (1284 Ne 94 St)
  7. Anabelle Maldonado-Medina, M.D., P.A. (1190 Ne 95th St)
  8. Bronxwood Holdings LLC (1225 Ne 95 Street)
  9. Michelle Sandler Jewelry, LLC (1090 Ne 96 Street)
  10. Ole Hole In The Head LLC (1245 Ne 96 St)
  11. Mynameupinlights, LLC (1235 Nw 96th St)
  12. Ohsobeit.Com, LLC (1238 Ne 96 Street)

Sales History

DateSold BySold ToDeed TypePrice
12/01/2011 Not Recorded Buyer: 2119419 Unknown 515,000.00
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.