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 $89,991 and $138,154. We estimate the income value of 6251 W 24 Ave 206-10 at $-10,657. 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
FL 33016

Property Size:926 sq ft
Year Built:1988
Property Class:B3
Lat, Long: 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.

Google Street View  of 6251 W 24 Ave 206-10, Hialeah, FL 33016
Estimated Value: 6251 W 24 Ave 206-10

Market Data

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 $136.27. Class B properties sold for $78.57 to 120.62 per sq ft with a median of $97.56 and class C properties sold for $10.06 to 78.56 per sq ft with a median of $71.06.

Market Valuation

6251 W 24 Ave 206-10 appears to be a B Class property. Suggested value: $111,742

Value138,154 111,742 89,991

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $-10,657. 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:

  • The Household Income estimate assumes the tenant has a total household income of $22,469 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 $730
Household Income - Renters $391
Market Rents $200
Price/Ft $1,000

Expense Estimates:

  • Census data records show 2% 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 Google Drive.

Monthly Rent200
Annual Rent per Sq Ft3.00
Gross Annual Rent2,405
Vacancies and Bad Debt7%
Vacancies and Bad Debt Amount168
HOA, Utilities and CAM0
Property Taxes1,656
Management Fees240
Cap Rate7
Estimated Value-10,657
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 $41,129. The bottom 10% of the population earn less than $15,179 per year. The top 10% earn more than $101,194 per year. The top 1% earn more than $231,456 per year. Most renters earn between $25,908 (20th percentile) and $41,196 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $82,258 and $102,823.

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 $22,469 per year who should qualify for a mortgage between $44,938 and $56,173.

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 $1,081. Most renters earn between $2,159 and $3,433 per month. They typically spend 39% of their monthly income on rent. Most rents fall in the $657 (20th percentile) to $1,313 (80th percentile) range. The residential vacancy rate is 2%.

This property falls in percentile 23 of all properties in this area. This corresponds to a rent of $743 per month and a monthly household income of $2,254 ($27,048 per year)


  1. 6251 W 24 Ave 206-10, Hialeah, FL on Zillow
  2. Recent Sales near 6251 W 24 Ave 206-10, Hialeah, FL on Realtor.com
  3. 6251 W 24 Ave 206-10, Hialeah, FL on Google Maps
  4. 6251 W 24 Ave 206-10 Walkscore
  5. Hialeah, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. G & G Engineering Services Inc. (2386 W 62 St)
  2. Jf Construction Us Inc. (2378 West 62 St)
  3. A-1 Moreno Screen Corp (6151 W 24 Ave)
  4. A I F Quality Cabinets Corp. (2338 W 62nd St)
  5. Power Boat Repairs Corp (6251 W 24th Ct)
  6. Jorge Tabar Enterprises Corp (6251 W 24 Ct)
  7. Office Cleaning Of Miami, Corp. (6267 West 24th Avenue Room 106)
  8. Cyber Products & Services , Inc (6267 W 24th Ave)
  9. Amazing Therapy, Inc (6290 West 24th Ct)
  10. E & J Maintenance, Service & Repairs, Corp (6290 W 24th Ct)
  11. Sg Distributors Inc (6290 W 24 Ct)
  12. Gifts Store, Inc. (6291 W 24 Ct 106-6)
  13. Chikiboo Express, Inc. (6330 W 24 Ct)
  14. Batista Investigative Group Inc (6329 W 24th Ave)
  15. Coast Dog Mobile Grooming Corp (6333 W 24th Ave)
  16. Billart Med, Inc (6333 W 24 Ave)
  17. Year Round Construction Corp (6333 W 24th Ave)
  18. Ethos Therapy, Inc (6333 W 24 Ave)
  19. Yamanny Party Rental, Inc. (6121 W 24 Ave)
  20. Way Logan Enterprises Inc (6151 West 24th Ave)
  21. Santos & Son Delivery Services, Corp. (6151 West 24th Ave)
  22. Blue Stars Service Corp (6191 West 24 Ave)
  23. Imi Carpentry Inc. (6191 W 24th Ave)
  24. Nilda Group Inc (6191 West 24th Ave)
  25. Blondet Builder, Inc. (6191 W 24th Ave)
  26. Coronado Painting Of Miami Corp (6191 W 24 Ave)
  27. Toscana Pizzeria Corp (6207 West 24 Ave)
  28. Peguero Express Inc (6215 W 24 Ave)
  29. Latin Sports Revolution.Corp (6230w 24 Th Ct)
  30. Duval Speech Corp. (6230 West 24th Ct)
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.