8822 Nw 150 St is a 1,971 sq ft Single Family in Miami Lakes. It was built in 1989. 8822 Nw 150 St sits on 0.11 acres of land. In 2014 similar properties sold for between $206,174 and $313,692. We estimate the income value of 8822 Nw 150 St at $116,329. The assumptions we used to calculate this value are include in the spreadsheet linked below. Miami Lakes is in Miami Dade County, Florida.

8822 Nw 150 St Property Summary

8822 Nw 150 St
Miami Lakes
FL 33018

Property Size:1,971 sq ft
Acreage:0.11
Year Built:1989
Property Class:B4
Lat, Long: 25.910, -80.344

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.

Google Street View  of 8822 Nw 150 St, Miami Lakes, FL 33018
Estimated Value: 8822 Nw 150 St

Market Data

In 2014 class A single family properties in Miami Lakes sold for $149.36 to 297.54 per sq ft with a median price per sq ft of $166.59. Class B properties sold for $98.16 to 149.35 per sq ft with a median of $125.00 and class C properties sold for $10.66 to 98.15 per sq ft with a median of $87.23.

Market Valuation

8822 Nw 150 St appears to be a B Class property. Suggested value: $262,548

HighMedianLow
Value313,692 262,548 206,174

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $116,329. 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 8822 Nw 150 St:

  • The Household Income estimate assumes the tenant has a total household income of $98,079 and spends 36% 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 $2,942
Household Income - Renters $1,703
Market Rents $1,640
Price/Ft $1,600

Expense Estimates:

  • Census data records show 7% 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 8822 Nw 150 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 Rent1,640
Annual Rent per Sq Ft10.00
Gross Annual Rent19,678
Vacancies and Bad Debt12%
Vacancies and Bad Debt Amount2,361
Maintenance1,025
HOA, Utilities and CAM0
Property Taxes4,339
Insurance1,842
Management Fees1,968
NOI8,143
Cap Rate7
Estimated Value116,329
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.

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 $55,358. The bottom 10% of the population earn less than $17,870 per year. The top 10% earn more than $130,256 per year. The top 1% earn more than $382,868 per year. Most renters earn between $34,188 (20th percentile) and $55,368 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $110,716 and $138,395.

The tax assessed value of this property places it in percentile 79 of all properties in this area. This suggests it would appeal to someone earning around $98,079 per year who should qualify for a mortgage between $196,158 and $245,198.

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 $1,202. Most renters earn between $2,849 and $4,614 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $958 (20th percentile) to $1,602 (80th percentile) range. The residential vacancy rate is 7%.

This property falls in percentile 79 of all properties in this area. This corresponds to a rent of $1,590 per month and a monthly household income of $4,598 ($55,176 per year)

Links

  1. 8822 Nw 150 St, Miami Lakes, FL on Zillow
  2. Recent Sales near 8822 Nw 150 St, Miami Lakes, FL on Realtor.com
  3. 8822 Nw 150 St, Miami Lakes, FL on Google Maps
  4. 8822 Nw 150 St Walkscore
  5. Miami Lakes, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Labrador Investment & Associates, LLC (8857 Nw 148th Ter)
  2. V&R Hurricane Protection, LLC (8857 Nw 148 Terr)
  3. Living Latina Productions LLC (8821 Nw 151st St)
  4. Navarro Realty, Ltd. (8810 Nw 150 St)
  5. Lazaro Cell Corp (15115 Nw 88th Ct)
  6. Ramos Realty, L.L.C. (8837 Northwest 149th Ter)
  7. Rm Logisolutions Inc (8816 Nw 149 Terrace)
  8. Medix Consulting, LLC (15138 Nw 89 Ave)
  9. Ideal International Services, Inc. (15105 Nw 88th Ct)
  10. In His Presence Ministries Inc. (8798 Nw 150th St)
  11. D.N. Construction Group, LLC (8810 Nw 150 Street)
  12. R&J Happy Investments LLC (14940 Nw 89 Ave)
  13. Notes Service Corporation (14811 Nw 89th Ave)
  14. Royal Care Adult Center Inc (14811 Nw 89 Ave)
  15. Carcam Investments, Inc. (8881 Nw 148th Ter)
  16. Jcc Enterprises Inc (8881 Nw 148 Terr)
  17. Casanova Group, LLC (8845 Nw 149 Terrace)
  18. Gentility, LLC (8845 Nw 149 Terrace)
  19. Mestre Management & Investment Corporation (8845 Nw 149 Terrace)
  20. Mestre Elite Group, Inc. (8845 Nw 149 Terrace)
  21. Marsolucy LLC (8932 Nw 149th Ter)
  22. Ruda Investments, LLC (8908 Nw 149 Terrace)
  23. Solid Green Solutions Inc (8908 Nw 149 Terrace)
  24. Mavisky Technology Services LLC (8861 Nw 150 St)
  25. Palo Investments Inc (8861 Nw 150 St)
  26. Pitac Solutions Inc. (8861 Nw 150 St)
  27. Ocean Breeze Appraisals, LLC (8941 Nw 150th Ter)
  28. P & J International Produce Inc. (8951 Nw 150th Ter)
  29. Arias Contractors & Associates Corp (8942 Nw 150 Terrace)
  30. Security Forever LLC (8936 Nw 150 Terrace)
  31. N. G. Cut & Design Corp. (15125 Nw 89th Ct)
  32. Marietta Mont, P.A. (8911 Nw 150 Terrace)
  33. Quinces Con Causa, Inc. (8821 Nw 151 Street)
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.