For Sale - 18710 Ne 18 Ave 211, $70,000

Close to Aventura Mall, beaches and hospitals, Light and Bright walk to the Lake and recreation area Hopa 55+ Community

Location, Location, Location, Close to Aventura Mall and the beaches and hospitals, the set of buildings is well maintained. Light and Bright walk to the Lake and recreation area Hopa 55+ Community

Sq Ft600
Bedrooms1
Full Bathrooms1
Half Bathrooms0
Maintenance Charge/Month175
Maintenance IncludesNo Maintenance Included
Carport Spaces
Garage Spaces1
Pets AllowedYes
Pet RestrictionsMaximum 20 Lbs
High School
Middle School
Elementary School
MLS NumberA10249536
Virtual Tourhttp://www.propertypanorama.com/instaview/mia/A10249536
Verified10/19/2017 01:31am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 14108279

Please quote reference number: when you call or email


Listing provided by Premium Estates Realty Corp. Copyright 2017 Multiple Listing Service of South East Florida and Miami Association of Realtors. All rights reserved.

18710 Ne 18 Ave 211 is a 600 sq ft Condominium in Unincorporated County. It was built in 1965. In 2014 similar properties sold for between $50,934 and $128,912. We estimate the income value of 18710 Ne 18 Ave 211 at $5,057. The assumptions we used to calculate this value are include in the spreadsheet linked below. Unincorporated County is in Miami Dade County, Florida.

18710 Ne 18 Ave 211 Property Summary

18710 Ne 18 Ave 211
Unincorporated County
FL 33179

Property Size:600 sq ft
Year Built:1965
Property Class:B3
Lat, Long: 25.948, -80.165
Estimated Value: 18710 Ne 18 Ave 211

Market Data

In 2014 class A condominium properties in Unincorporated County sold for $234.78 to 982.32 per sq ft with a median price per sq ft of $337.73. Class B properties sold for $92.76 to 234.77 per sq ft with a median of $135.00 and class C properties sold for $10.05 to 92.75 per sq ft with a median of $78.69.

Market Valuation

18710 Ne 18 Ave 211 appears to be a B Class property. Suggested value: $74,128

HighMedianLow
Value128,912 74,128 50,934

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $5,057. 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 18710 Ne 18 Ave 211:

  • The Household Income estimate assumes the tenant has a total household income of $18,301 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 $534
Household Income - Renters $502
Market Rents $220
Price/Ft $850

Expense Estimates:

  • Census data records show 11% 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 18710 Ne 18 Ave 211. 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 Rent220
Annual Rent per Sq Ft4.00
Gross Annual Rent2,644
Vacancies and Bad Debt16%
Vacancies and Bad Debt Amount423
Maintenance312
HOA, Utilities and CAM0
Property Taxes876
Insurance415
Management Fees264
NOI354
Cap Rate7
Estimated Value5,057
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 $63,623. The bottom 10% of the population earn less than $18,301 per year. The top 10% earn more than $212,078 per year. The top 1% earn more than $667,781 per year. Most renters earn between $34,452 (20th percentile) and $63,516 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $127,246 and $159,058.

The tax assessed value of this property places it in percentile 10 of all properties in this area. This suggests it would appeal to someone earning around $18,301 per year who should qualify for a mortgage between $36,602 and $45,753.

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 $1,324. Most renters earn between $2,871 and $5,293 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $947 (20th percentile) to $1,771 (80th percentile) range. The residential vacancy rate is 11%.

This property falls in percentile 10 of all properties in this area. This corresponds to a rent of $840 per month and a monthly household income of $2,561 ($30,732 per year)

Links

  1. 18710 Ne 18 Ave 211, Unincorporated County, FL on Zillow
  2. Recent Sales near 18710 Ne 18 Ave 211, Unincorporated County, FL on Realtor.com
  3. 18710 Ne 18 Ave 211, Unincorporated County, FL on Google Maps
  4. 18710 Ne 18 Ave 211 Walkscore
  5. Unincorporated County, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. J & S Express Multiservices LLC. (18608 Ne 18th Ave)
  2. Dbn Algo Systems Inc (1801 Ne 186 St)
  3. Gmc Doors, Windows And Glass Installation LLC. (1840 Ne 186 St Apt 1d)
  4. Apparels , Designs G & M, Corp. (18604 Ne 18th Ave)
  5. Tom Jm Real Estate Holdings, LLC (18706 Ne 18 Avenue)
  6. Virgo Enterprises, LLC (18706 Ne 18 Avenue)
  7. Cosar Enterprises, Inc. (18746 Ne 18 Ave #248)
  8. Andy Green, M.D., P.A. (1828 Ne 187th St)
  9. On Time Services, LLC (1840 Ne 186th St)
  10. Rydan Investments, L.L.C. (1840 Ne 186 Street)
  11. Dma Capital,LLC (1840 Ne 186 Street)
  12. Avtoy Capital LLC (1840 Ne 186 Street)
  13. Ambros Investments, LLC (1840 Ne 186 Street)
  14. Sdw Management , LLC (1840 Ne 186 Street)
  15. San Souci Apartments, Inc. (1840 Ne 186 Street)
  16. 1840 Esquire Apartments, Inc. (1840 Ne 186 Street)
  17. Dma Property Management Group, Inc. (1840 Ne 186 Street)
  18. Dma Property Investment Group, Inc. (1840 Ne 186 Street)
  19. Romi Ashten Inc (1867 Ne 187th St)
  20. M & M Usa Inc (1840 Ne 186th Street Apt3d)
  21. R Creative Solutions Inc. (1843 N E 186 Street)
  22. Rood Ld, LLC (1843 Ne 186 Street)
  23. Ram Aviation Services LLC (18634 Ne 18 Ave)
  24. Isabrakev Services Corp (18638 Ne 18th Ave)
  25. Pro Trip & Services LLC (18638 Ne 18th Ave)
  26. Grace Lion Inc. (18650 Ne 18th Ave #133)
  27. Fraxnet Inc. (18650 Ne 18th Ave)
  28. Qualitas Int'L LLC (2430 Polk St)
  29. Brickell South Miami A, LLC (1845 Ne 187 St)
  30. South Miami Brickell B40, LLC (1845 Ne 187 St)
  31. Biscayne Paraiso Bay, LLC (1845 Ne 187 St)
  32. Water Bay Paraiso 1, LLC (1845 Ne 187 St)
  33. Biscayne Water Park B90, LLC (1845 Ne 187 St)
  34. Paraiso Sun Ocean, LLC (1845 Ne 187 St)
  35. Lit Intl, Inc (18706 Ne 18th Ave)
  36. Eddy'S Paradise Construction , LLC (18715 Ne 18 Ave)
  37. Paradise Painting & Waterproofing Corp. (18715 Ne 18th Ave)
  38. 18720 Ne 18 Avenue #215 Trust LLC (18720 Ne 18 Avenue)
  39. Jb Pro Designs LLC (18726 Ne 18th Ave)
  40. Sunny Boy Trades Inc. (18766 Ne 18th Ave)
  41. Sky Lake Gardens No 4, Inc., A Condominium (18790 Ne 18th Ave)
  42. Zohar Development Group LLC (18801 Ne 18th Ave)
  43. Riskey Science LLC (18801 Ne 18th Ave)
  44. Jas Enterprises, Inc (18630 Ne 18th Ave)
  45. Heaven'S Echo, Co. (18630 Ne 18th Ave)
  46. Always Floors & Bath Corp (18562 Ne 18 Th Ave)
  47. Pearlisa Inc (1801 Ne 186th St)
  48. Super Farm Mgd, Inc. (2540 N E 186th St)
  49. Road Investment LLC (1835 Ne 186th St)
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.