1945 Monroe St, Hollywood

Usage

Single Family

Address:

1945 Monroe St
Hollywood
FL 33020

Property Size:1,782 sq ft
Acreage:0.13
Year Built:1935
Property Class:C2
Latitude:26.008
Longitude:-80.146

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.

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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.

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Estimated Value: 1945 Monroe St

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

1945 Monroe St appears to be a C Class property. Suggested value: $99,639

HighMedianLow
Value111,816 99,639 13,231

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $36,989. 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 1945 Monroe St:

  • The Household Income estimate assumes the tenant has a total household income of $43,655 and spends 37% 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 $1,346
Household Income - Renters $979
Market Rents $901
Price/Ft $849

Expense Estimates:

  • Census data records show 9% 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 1945 Monroe 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 Rent901
Annual Rent per Sq Ft6.00
Gross Annual Rent10,816
Vacancies and Bad Debt14%
Vacancies and Bad Debt Amount1,514
Maintenance927
HOA, Utilities and CAM0
Property Taxes2,490
Insurance1,474
Management Fees1,082
NOI3,329
Cap Rate9
Estimated Value36,989
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.

Broward County, Florida

Broward County is in South East Florida. The main cities in Broward County are Fort Lauderdale (population 165,521), Pembroke Pines (population 154,750) and Hollywood (population 140,768)

[Property Appraiser] [Tax Record]
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 $55,901. The bottom 10% of the population earn less than $16,558 per year. The top 10% earn more than $147,868 per year. The top 1% earn more than $456,616 per year. Most renters earn between $27,132 (20th percentile) and $47,028 (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 $982. Most renters earn between $2,261 and $3,919 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $762 (20th percentile) to $1,415 (80th percentile) range. The residential vacancy rate is 9%.

Links

  1. 1945 Monroe St, Hollywood, FL on Zillow
  2. Recent Sales near 1945 Monroe St, Hollywood, FL on Realtor.com
  3. 1945 Monroe St, Hollywood, FL on Google Maps
  4. Hollywood, FL Property Values on Trulia
  5. Demographic Data for Zipcode 33020 from City-Data.com
  6. Hollywood Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 33020 Zipcode

Owner Details

Companies near this Address

  1. Safety Solutions Of Florida LLC (2028 Jackson St)
  2. Ro Trans Inc. (1958 Monroe St)
  3. Monroe Garden Apts Inc (1915 Monroe St)
  4. Palm Haven Towers Condominium, Inc. (1912 Monroe St)
  5. Bliss Life LLC (1912 Monroe St)
  6. A. B. C. Tank Lines, LLC (1921 Monroe St)
  7. Rebalance Management Group, LLC (1912 Monroe St)
  8. Newspaper Marketing Group Inc. (1943 Madison St)
  9. Road Runner 1992 Inc. (2015 Monroe St)
  10. Third Level Media, LLC (1943 Monroe St)
  11. The Barclay Arms Condominum Apartments, Inc. (1943 Monroe St)
  12. Fashionable Type, L.L.C. (1943 Monroe St)
  13. Hampton Court, Inc., A Condominium (1958 Monroe St)
  14. International Jai Alai Players Association, Inc. (1958 Monroe St)
  15. Pier 43 Condominium Association, Inc. (2008 Jackson St)
  16. Kickstart Adventures LLC (2011 Jackson St)
  17. Meteko LLC (2008 Jackson St)
  18. Kuny Ii, Inc (2019 Jackson St)
  19. Bavaria Apartments, Inc. (1930 Jackson St)
  20. Bona Fortuna Condominium Apts., Inc. (1937 Jackson St)
  21. Casa Bella Condominium Apts., Inc. (2015 Madison St)
  22. Athletes Journey LLC (1943 Madison St)
  23. Arlyn Services Star Corp (1925 Monroe St)
  24. Yomeir Heights Inc (1938 Jackson St)
  25. Property Control Systems, LLC (5737 Nw 49th Ln)
  26. Cardenas Rentals LLC (2009 Monroe St)
  27. Johnson Family Studios, LLC (2019 Jackson St #304)

Sales History

DateSold BySold ToDeed TypePrice
11/01/2011 Not Recorded Buyer: 7442934 Unknown 96,000.00
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.