565 Sw 56 Ave is a 943 sq ft Single Family in Miami.
It was built in 1949. 565 Sw 56 Ave sits on 0.11 acres of land. In 2014 similar properties sold for between $165,121 and $342,557. We estimate the income value of 565 Sw 56 Ave at $42,900. The assumptions we used to calculate this value are include in the spreadsheet linked below. Miami is in Miami Dade County, Florida.
565 Sw 56 Ave Property Summary
565 Sw 56 Ave
Property Size: 943 sq ft
Year Built: 1949
Property Class: B4
25.766, -80.286 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.
Estimated Value: 565 Sw 56 Ave
In 2014 class A single family properties in Miami sold for $165.25 to
999.46 per sq ft with a median price per sq ft of
$223.52. Class B properties sold for $79.65 to
165.24 per sq ft with a median of
$118.67 and class C properties sold for $10.04 to
79.64 per sq ft with a median of $66.15.
565 Sw 56 Ave appears to be a B Class property. Suggested value: $246,013
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 $31,478 and spends 38% 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 $997 Household Income - Renters $886 Market Rents $786 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 786
Annual Rent per Sq Ft 10.00
Gross Annual Rent 9,430
Vacancies and Bad Debt 10%
Vacancies and Bad Debt Amount 943
HOA, Utilities and CAM 0
Property Taxes 2,981
Management Fees 943
Cap Rate 7
Estimated Value 42,900
Edit Values and Estimate Cashflow
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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 $44,926.
The bottom 10% of the population earn less than $12,918 per year.
The top 10% earn more than $184,479 per year. The top 1%
earn more than $594,594 per year.
Most renters earn
between $25,140 (20th percentile)
and $49,848 (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 37 of all properties in this area.
This suggests it would appeal to someone earning
around $31,478 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 $994.
Most renters earn
and $4,154 per month.
They typically spend 38% of their monthly income on rent.
Most rents fall in the $666 (20th percentile)
to $1,568 (80th percentile) range.
The residential vacancy rate is 5%.
This property falls in percentile 37 of all properties in this area. This corresponds to a rent of $863 per month and a monthly household income of $2,523
($30,276 per year)
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
565 Sw 56 Ave Walkscore
Miami, FL Property Values on Trulia
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Companies near this Address
Feel The Flowers By Gio Vidal Inc.
(5569 Sw 6 Street)
(5570 Sw 7th St)
Kebos Electrical Unlimited Inc
(5629 Sw 5 Terrace)
Jbs Transport Us LLC
( 5630 Sw 5 St)
Lisvette V. Enterprises, LLC
(525 Sw 56 Ave)
Djsn Investment Corp
(580 Sw 56 Ave)
Mch Trucking LLC
(5554 Sw 5 Terr)
Alborada Family Home Alf LLC
(5524 Sw 5 Street)
Tagay 2, LLC.
(565 Sw 56th Ave)
D & M Network LLC
(711 Sw 56 Ave)
Warrior Car Pro Inc.
(5521 Sw 7 Street)
Ned 4 Road Services Corp
(5518 Sw 7 St)
Albina Transport Solutions Inc
(5531 Sw 6 Street)
Begej St. George Incorporated
(580 Sw 56th Ave)
Date Sold By Sold To Deed Type Price
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.