6251 W 24 Ave 206-10 is a 926 sq ft Condominium in Hialeah.
It was built in 1988. In 2014 similar properties sold for between $89,499 and $138,154. We estimate the income value of 6251 W 24 Ave 206-10 at $75,257. The assumptions we used to calculate this value are include in the spreadsheet linked below. Hialeah is in Miami Dade County, Florida.
6251 W 24 Ave 206-10 Property Summary
6251 W 24 Ave 206-10
Property Size: 926 sq ft
Year Built: 1988
Property Class: B3
25.879, -80.331 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.
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Finding the property on our site does not necessarily mean it is for sale or rent at this time.
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Estimated Value: 6251 W 24 Ave 206-10
In 2014 class A condominium properties in Hialeah sold for $120.63 to
896.55 per sq ft with a median price per sq ft of
$135.06. Class B properties sold for $78.14 to
120.62 per sq ft with a median of
$97.01 and class C properties sold for $10.06 to
78.13 per sq ft with a median of $70.35.
6251 W 24 Ave 206-10 appears to be a B Class property. Suggested value: $111,112
High Median Low
Income Valuation - Residential/Gross Lease
Visulate estimates the income value of this property is
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 6251 W 24 Ave 206-10:
Household Income estimate assumes the
tenant has a total household income of $21,965 and spends 40% 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 Model Monthly Rent Household Income - All Households $732 Household Income - Renters $919 Market Rents $789 Price/Ft $1,000
Census data records show 3% 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 6251 W 24 Ave 206-10.
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
Monthly Rent 789
Annual Rent per Sq Ft 10.00
Gross Annual Rent 9,462
Vacancies and Bad Debt 8%
Vacancies and Bad Debt Amount 757
HOA, Utilities and CAM 0
Property Taxes 1,297
Management Fees 946
Cap Rate 7
Estimated Value 75,257
Edit Values and 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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Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website
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Local Household Income
The median household income in this part of Florida is $40,640.
The bottom 10% of the population earn less than $14,855 per year.
The top 10% earn more than $98,753 per year. The top 1%
earn more than $293,158 per year.
Most renters earn
between $26,892 (20th percentile)
and $40,080 (80th percentile) per year.
Someone earning the median household income in this area is likely to qualify for a mortgage between
The tax assessed value of this property
places it in percentile 23 of all properties in this area.
This suggests it would appeal to someone earning
around $21,965 per year who should qualify for a mortgage between
Source: US Census American Community Survey -
2008-2012 ACS 5-year PUMS estimates Local Rents
The median monthly rent in this part of Florida is $1,082.
Most renters earn
and $3,340 per month.
They typically spend 40% of their monthly income on rent.
Most rents fall in the $728 (20th percentile)
to $1,320 (80th percentile) range.
The residential vacancy rate is 3%.
This property falls in percentile 23 of all properties in this area. This corresponds to a rent of $789 per month and a monthly household income of $2,296
($27,552 per year)
6251 W 24 Ave 206-10, Hialeah, FL on Zillow
Recent Sales near 6251 W 24 Ave 206-10, Hialeah, FL on Realtor.com
6251 W 24 Ave 206-10, Hialeah, FL on Google Maps
6251 W 24 Ave 206-10 Walkscore
Hialeah, FL Property Values on Trulia
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Companies near this Address
Batista Investigative Group Inc
(6329 W 24th Ave)
Billart Med, Inc
(6333 W 24 Ave)
Ethos Therapy, Inc
(6333 W 24 Ave)
Yamanny Party Rental, Inc.
(6121 W 24 Ave)
Blondet Builder, Inc.
(6191 W 24th Ave)
Nilda Group Inc
(6191 West 24th Ave)
Coronado Painting Of Miami Corp
(6191 W 24 Ave)
Quintana General Services Inc
(6207 W 24th Ave)
Toscana Pizzeria Corp
(6207 West 24 Ave)
Peguero Express Inc
(6215 W 24 Ave)
Latin Sports Revolution.Corp
(6230w 24 Th Ct)
Duval Speech Corp.
(6230 West 24th Ct)
Power Boat Repairs Corp
(6251 W 24th Ct)
Jorge Tabar Enterprises Corp
(6251 W 24 Ct)
Office Cleaning Of Miami, Corp.
(6267 West 24th Avenue Room 106)
Cyber Products & Services , Inc
(6267 W 24th Ave)
E & J Maintenance, Service & Repairs, Corp
(6290 W 24th Ct)
Sg Distributors Inc
(6290 W 24 Ct)
Gifts Store, Inc.
( 6291 W 24 Ct 106-6)
All Usa Master Express Inc
(6121 W 24th Ave)
G & G Engineering Services Inc.
(2386 W 62 St)
Jf Construction Us Inc.
(2378 West 62 St)
A-1 Moreno Screen Corp
( 6151 W 24 Ave)
A I F Quality Cabinets Corp.
(2338 W 62nd St)
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.