565 Sw 56 Ave
Property Size: 925 sq ft
Year Built: 1949
Property Class: B4
For Sale - 565 Sw 56 Ave, $229,000
Ideal for 1st time home buyers looking for the ideal home or the savvy investor.
Perfect for 1st time home buyers or investors. Completely renovated. New roof, AC, and granite counter tops. Hurricane shutters already installed. Minutes away from Coral Gables. Move-in ready for 1st time buyers or instant money maker for the savvy investor.
Contact Sue for additional details
Please quote reference number:
2207301 when you call or email
Listing provided by Keller Williams Properties. Copyright 2014
Multiple Listing Service of South East Florida and Miami Association of Realtors.
All rights reserved.
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
Select a County
565 Sw 56 Ave, Miami, FL on Zillow
Recent Sales near 565 Sw 56 Ave, Miami, FL on Realtor.com
565 Sw 56 Ave, Miami, FL on Google Maps
Miami, FL Property Values on Trulia
Demographic Data for Zipcode 33134 from City-Data.com
Miami Demographics from City-Data.com
Phone numbers and opening hours for businesses in the 33134 Zipcode Owner Details
Companies near this Address
J & D Produce, Inc.
(5545 S W 7 St)
Feel The Flowers By Gio Vidal Inc.
(5569 Sw 6 Street)
Metro Group Investments LLC.
(5635 Sw 5th Ter)
Kebos Electrical Unlimited Inc
(5629 Sw 5 Terrace)
Mar Caribe Services, Inc.
(5611 Sw 5 Terrace)
Noralis Rph, Inc.
(5560 Sw 5 Terrace)
Date Sold By Sold To Deed Type Price
175,000.00 Miami-Dade County Real Estate - Miami Miami
Miami is Florida's second most populous city. Miami is also the
second largest US city with a Spanish speaking majority, which accounts for its nickname of "the capital of Latin America."
Industries with the largest influence in Miami include commerce, finance, and international business. Miami is home to the
headquarters of many large businesses including Burger King, US Century Bank, Caribbean Cruise Lines, and World Fuel Services. The
port of Miami is one of the nation's busiest ports and contributes $18 billion to the city's economy. The largest employers in
Miami are Miami-Dade County Public Schools, Miami-Dade County, United States Government, Florida Government, University of Miami,
and Baptist Health South Florida.
Miami is in
South East Florida. It's population as recorded in
the 2010 Census was 399,457.
The median age for residents of Miami is 38.8. Around 27.3% of Miami households include school
aged children and 29.9% of households include individuals aged 65 years or over. Census records indicate 72.5% of the Miami
population are White, 19.2% are Black or African American, .2% American Indian, .9% Asian and 2.6% are Two or more Races. Miami has
a significant Hispanic population. 69.9% (279,456) of Miami residents are of Hispanic or Latino origin. Of these 2.08% are of
Mexican origin, 4.57% Puerto Rican, 49.13% Cuban and 44.2% are of other Hispanic or Latino origin.
There are 183,994 housing
units in Miami. 25,677 (13.9%) of these were reported as vacant in the 2010 Census. There are 118,493 residential rental units in
Miami. 107,131 of them were occupied in 2010 providing a residential rental vacancy rate of 9.2%.
Local Household Income
The median household income in this part of Florida is $42,759.
The bottom 10% of the population earn less than $13,235 per year.
The top 10% earn more than $147,573 per year. The top 1%
earn more than $536,049 per year.
Most renters earn
between $23,844 (20th percentile)
and $42,888 (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 $967.
Most renters earn
and $3,574 per month.
They typically spend 40% of their monthly income on rent.
Most rents fall in the $662 (20th percentile)
to $1,396 (80th percentile) range.
The residential vacancy rate is 5%.
Estimated Value: 565 Sw 56 Ave
In 2013 class A single family properties in 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.
565 Sw 56 Ave appears to be a B Class property. Suggested value: $219,640
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 565 Sw 56 Ave:
Household Income estimate assumes the
tenant has a total household income of $30,441 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 $1,015 Household Income - Renters $945 Market Rents $852 Price/Ft $1,000
Census data records show 5% 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 565 Sw 56 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
Monthly Rent 852
Annual Rent per Sq Ft 11.00
Gross Annual Rent 10,228
Vacancies and Bad Debt 10%
Vacancies and Bad Debt Amount 1,023
HOA, Utilities and CAM 0
Property Taxes 1,999
Management Fees 1,023
Cap Rate 7
Estimated Value 60,971
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.
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.
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.