For Sale - 8283 Sw 27 St, $235,000

BEAUTIFUL 2/2.5 LOCATED IN THE HEART OF MIRAMAR. EASY TO SHOW CALL LISTING AGENT DIRECTLY!!

Completely upgraded 2/2.5 town-home with a priceless lake view.Property features title and carpeted floors throughout the unit, a patio and a small storage room. Other features include community pool, clubhouse, child play area and basketball court. Centrally located near shopping and restaurants. Unit is currently rented month-to-month tenant is willing to stay or go. Easy to show.

Sq Ft1056
Bedrooms2
Full Bathrooms2
Half Bathrooms1
Maintenance Charge/Month250
Maintenance IncludesBuilding Exterior,Cable Tv,Common Area,Landscaping/Lawn Maintenance,Parking,Pool Service,Recreation Facilities,Roof Repairs,Security,Trash Removal
Carport Spaces
Garage Spaces2
Pets AllowedYes
Pet RestrictionsNone
High School
Middle School
Elementary School
MLS NumberA10317968
Virtual Tourhttp://www.propertypanorama.com/instaview/mia/A10317968
Verified10/17/2017 01:31am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 10919902

Please quote reference number: when you call or email


Listing provided by McKenzie Realty, LLC. Copyright 2017 Multiple Listing Service of South East Florida and Miami Association of Realtors. All rights reserved.

8283 Sw 27 St is a 1,056 sq ft Condominium in Miramar. It was built in 2005. 8283 Sw 27 St sits on 0.01 acres of land. In 2016 similar properties sold for between $143,004 and $568,655. We estimate the income value of 8283 Sw 27 St at $52,550. The assumptions we used to calculate this value are include in the spreadsheet linked below. Miramar is in Broward County, Florida.

8283 Sw 27 St Property Summary

8283 Sw 27 St
Miramar
FL 33025

Property Size:1,056 sq ft
Acreage:0.01
Year Built:2005
Property Class:A5
Lat, Long: 25.985, -80.252
Estimated Value: 8283 Sw 27 St

Market Data

In 2016 class A condominium properties in Miramar sold for $152.76 to 607.45 per sq ft with a median price per sq ft of $173.55. Class B properties sold for $102.81 to 152.75 per sq ft with a median of $125.24 and class C properties sold for $14.42 to 102.80 per sq ft with a median of $92.96.

Market Valuation

8283 Sw 27 St appears to be an A Class property. Suggested value: $162,466

HighMedianLow
Value568,655 162,466 143,004

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $52,550. 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 8283 Sw 27 St:

  • The Household Income estimate assumes the tenant has a total household income of $18,887 and spends 35% 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 $551
Household Income - Renters $646
Market Rents $516
Price/Ft $2,225

Expense Estimates:

  • 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 8283 Sw 27 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 Rent775
Annual Rent per Sq Ft9.00
Gross Annual Rent9,301
Vacancies and Bad Debt10%
Vacancies and Bad Debt Amount930
Maintenance549
HOA, Utilities and CAM0
Property Taxes2,823
Insurance916
Management Fees930
NOI3,153
Cap Rate6
Estimated Value52,550
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 $87,115. The bottom 10% of the population earn less than $27,136 per year. The top 10% earn more than $202,982 per year. The top 1% earn more than $512,338 per year. Most renters earn between $42,576 (20th percentile) and $72,900 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $174,230 and $217,788.

The tax assessed value of this property places it in percentile 5 of all properties in this area. This suggests it would appeal to someone earning around $18,887 per year who should qualify for a mortgage between $37,774 and $47,218.

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 $1,506. Most renters earn between $3,548 and $6,075 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $1,076 (20th percentile) to $1,953 (80th percentile) range. The residential vacancy rate is 5%.

This property falls in percentile 5 of all properties in this area. This corresponds to a rent of $754 per month and a monthly household income of $2,391 ($28,692 per year)

Links

  1. 8283 Sw 27 St, Miramar, FL on Zillow
  2. Recent Sales near 8283 Sw 27 St, Miramar, FL on Realtor.com
  3. 8283 Sw 27 St, Miramar, FL on Google Maps
  4. 8283 Sw 27 St Walkscore
  5. Miramar, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Saj Investors LLC (2551 Sw 83 Ave)
  2. Ochandorena & Rodriguez LLC (2536 Sw 83rd Ave)
  3. Vip Style Company (2620 Sw 83rd Ave)
  4. Island Products Distribution Inc. (8258 Sw 27th St)
  5. Aless'S Enterprise Corp (8238 Sw 27 Avenue)
  6. Factor Home Corp (8230 Sw 27 St)
  7. Write Choice Consulting Firm, LLC (8223 Sw 27th St)
  8. Tml Professional Styling Tools LLC (2628 Sw 83rd Ter)
  9. Underground Technology LLC (12191 Sw 27th St)
  10. Delta 3 Business Group, LLC (12191 Sw 27th St)
  11. Calabria Condominium Association, Inc. (8131 Sw 27th St)
  12. Transformyou, LLC (11846 Sw 27th St)
  13. Suma Productions Corp (12233 Sw 27th St)
  14. Nico Media, LLC (11852 Sw 27 Street)
  15. Carter'S Orthotics, Inc. (11848 Sw 27 St)
  16. Jac Woodworks Inc (11850 Sw 27th St)
  17. Mgm Import & Export LLC (12200 Sw 27th St 1201)
  18. Blue Panther LLC (12230 Sw 27 St)
  19. The Cake Girls Fl, LLC (11846 Sw 27 St)
  20. Aaa Business Services, Inc. (12212 Sw 27th St)
  21. Asymmetric Consulting LLC (11836 Sw 27th St)
  22. Plus 10 Intellect LLC (11836 Sw 27th St)
  23. Ac & E Holding Group, LLC (12195 Sw 27 Street)
  24. Lehmann Group LLC (12195 Sw 27 Street)
  25. Gaf & Dc Investment Group, LLC (12195 Sw 27th St)
  26. Jf 2015 Group LLC (12195 Sw 27th St)
  27. Beatriz V. Valarino, P.A (12195 Sw 27th St)
  28. 1 Way Camp LLC (12218 Sw 27th St)
  29. Iyasaka 88, LLC. (11858 Sw 27th St)
  30. Delgado Professional Services, Inc. (12272 Southwest 27th St)
  31. The Mondale Group, Inc. (11858 Sw 27 Street)
  32. Gary Montoya, P.A. (11858 Sw 27 Street)
  33. Variedades Ivette Inc (12172 Sw 27 St)
  34. Nuva Music Inc (11844 Sw 27 St)
  35. Image & Revenue Management LLC (2649 Sw 83rd Ter)
  36. Irish Touch Services Of Florida LLC (2654 Sw 83 Terrace)
  37. Tridmar Associates, LLC (2677 Sw 83rd Ter)
  38. Av South Florida Transportation, LLC (2690 Sw 83 Ave)
  39. Pickett Florida Farrier Service Inc (2764 Sw 83 Avenue)
  40. A & A Adventures Horse Trail Rides Inc (2764 Sw 83 Avenue)
  41. Addacollection LLC (8276 Sw 27 Th Street #103)
  42. Inversiones Jeem, LLC (8251 Sw 29 St)
  43. Intertek Solutions LLC (12179 Sw 27th St)
  44. Dnr Music, Inc (12167 Sw 27 Street # 1911)
  45. Suzzie Q Fashion Consulting, LLC (2601 Sw 83rd Ave)
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.

MLS Data

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.