3721 N 53 Ave, Hollywood

Usage

Single Family

Address:

3721 N 53 Ave
Hollywood
FL 33021

Property Size:2,785 sq ft
Acreage:0.30
Year Built:1972
Property Class:B3
Latitude:26.043
Longitude:-80.198

Not Offered for Sale

Our records indicate this property is not currently for sale but we may be able to find something similar. Contact us for details.

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Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

Contact us if you want to buy or sell real estate in Hollywood:

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Broward County, Florida

Broward County is part of the southwest Florida region. Broward County identified these industries as focuses for its expansion efforts: advanced materials and High-Tech Manufacturing, aviation/aerospace, international trade, marine industries, and headquarters and management operations.

Broward County has 29 recognized cities and towns, the largest being Fort Lauderdale, Pembroke Pines, and Hollywood. 95% of the properties in Broward County are residential, implying that it is a largely suburban area. Broward County is centrally located between major metropolitan areas in Miami-Dade and Palm Beach Counties. The unemployment rate in Broward County, at 5.7%, is lower than Miami-Dade (10.2%), Palm Beach (6.9%), and the state (7.2%).

Major private sector employers are American Express, Nova Southeastern University, PRC, Kaplan Higher Education, and The Answer Group. Top public employers are Broward County School District, Broward County Government, North Broward Hospital District, Memorial Healthcare System, and the City of Fort Lauderdale. ..more

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Links

  1. 3721 N 53 Ave, Hollywood, FL on Zillow
  2. Recent Sales near 3721 N 53 Ave, Hollywood, FL on Realtor.com
  3. 3721 N 53 Ave, Hollywood, FL on Google Maps
  4. Hollywood, FL Property Values on Trulia
  5. Demographic Data for Zipcode 33021 from City-Data.com
  6. Hollywood Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 33021 Zipcode

Owner Details

Companies near this Address

  1. Super Dave Services, Inc (3760 N 54th Ave)
  2. First Choice Pools LLC (3740 N 53rd Ave)
  3. Leonetti, Inc. (5270 North Hills Dr)
  4. Maspero Inc (5240 North Hills Dr)
  5. 306 Damn Katz, LLC (3731 North 54th Ave)
  6. 307 Damn Katz, LLC (3731 North 54 Avenue)
  7. Ritter-Planet, LLC (3710 North 53rd Ave)
  8. J. Sell, LLC (5271 N 37 Street)
  9. Klaxon LLC (3751 N 54 Avenue)
  10. Jenni Cruise Incorporated (3731 N 53 Ave)
  11. Cruise Property Management Inc (3731 N 53 Ave)
  12. 3h Fillmore Inc (3731 N 53 Ave)

Broward County Real Estate - Hollywood

Hollywood

Hollywood is located in Broward County, Florida. Top employers are Memorial Healthcare System, The Continental Group, City of Hollywood, Westin Diplomat Resort and Spa, Memorial Regional Hospital South, and BrandsMart USA. HEICO and Invicta Watch Group both have their headquarters in Hollywood.

Hollywood is in South East Florida. It's population as recorded in the 2010 Census was 140,768.

The median age for residents of Hollywood is 41.1. Around 28.3% of Hollywood households include school aged children and 27.3% of households include individuals aged 65 years or over. Census records indicate 72.6% of the Hollywood population are White, 16.7% are Black or African American, .3% American Indian, 2.4% Asian and 3.2% are Two or more Races. Hollywood has a significant Hispanic population. 32.5% (45,825) of Hollywood residents are of Hispanic or Latino origin. Of these 4.29% are of Mexican origin, 19.24% Puerto Rican, 20.2% Cuban and 56.25% are of other Hispanic or Latino origin.

There are 71,070 housing units in Hollywood. 12,632 (17.7%) of these were reported as vacant in the 2010 Census. Hollywood is a tourist destination, 45.7% (5,774) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 26,933 residential rental units in Hollywood. 23,588 of them were occupied in 2010 providing a residential rental vacancy rate of 12%.

Hollywood links:

Local Household Income

The median household income in this part of Florida is $62,112. The bottom 10% of the population earn less than $16,768 per year. The top 10% earn more than $156,742 per year. The top 1% earn more than $463,785 per year. Most renters earn between $32,772 (20th percentile) and $55,524 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $1,149. Most renters earn between $2,731 and $4,627 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $828 (20th percentile) to $1,574 (80th percentile) range. The residential vacancy rate is 8%.

Estimated Value: 3721 N 53 Ave

Market Data

In 2013 class A single family properties in Hollywood sold for $131.15 to 839.87 per sq ft with a median price per sq ft of $147.00. Class B properties sold for $85.96 to 131.14 per sq ft with a median of $108.82 and class C properties sold for $10.17 to 85.95 per sq ft with a median of $76.59.

Market Valuation

3721 N 53 Ave appears to be a B Class property. Suggested value: $316,457

HighMedianLow
Value381,365 316,457 249,978

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $107,057. 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 3721 N 53 Ave:

  • The Household Income estimate assumes the tenant has a total household income of $183,087 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 $5,340
Household Income - Renters $1,988
Market Rents $1,938
Price/Ft $2,226

Expense Estimates:

  • Census data records show 8% 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 3721 N 53 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 Google Drive.

Amount
Monthly Rent1,938
Annual Rent per Sq Ft8.00
Gross Annual Rent23,252
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount3,023
Maintenance1,448
HOA, Utilities and CAM0
Property Taxes7,191
Insurance1,771
Management Fees2,325
NOI7,494
Cap Rate7
Estimated Value107,057
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.

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.