4243 Mendenwood Ln, Orlando

4243 Mendenwood Ln is a 1,662 sq ft Single Family in Orlando. It was built in 1997. In 2013 similar properties sold for between $16,840 and $94,687. We estimate the income value of 4243 Mendenwood Ln at $77,078. The assumptions we used to calculate this value are include in the spreadsheet linked below. Orlando is in Orange County County, Florida.

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4243 Mendenwood Ln Property Summary

4243 Mendenwood Ln
Orlando
FL 32826

Property Size:1,662 sq ft
Bedrooms:3.00
Bathrooms:2.00
Year Built:1997
Property Class:C1
Lat, Long: 28.604, -81.171

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.

4243 Mendenwood Ln, Orlando, FL 32826
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Estimated Value: 4243 Mendenwood Ln

Market Data

In 2013 class A single family properties in Orlando sold for $102.70 to 818.60 per sq ft with a median price per sq ft of $125.86. Class B properties sold for $56.63 to 102.69 per sq ft with a median of $79.98 and class C properties sold for $10.07 to 56.62 per sq ft with a median of $47.49.

Market Valuation

4243 Mendenwood Ln appears to be a C Class property. Suggested value: $79,419

HighMedianLow
Value94,687 79,419 16,840

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $77,078. 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 4243 Mendenwood Ln:

  • The Household Income estimate assumes the tenant has a total household income of $69,169 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 $2,133
Household Income - Renters $1,214
Market Rents $1,174
Price/Ft $850

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 4243 Mendenwood Ln. 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 Rent1,174
Annual Rent per Sq Ft8.00
Gross Annual Rent14,093
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount1,832
Maintenance864
HOA, Utilities and CAM0
Property Taxes1,765
Insurance1,286
Management Fees1,409
NOI6,937
Cap Rate9
Estimated Value77,078
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 $53,009. The bottom 10% of the population earn less than $17,482 per year. The top 10% earn more than $127,859 per year. The top 1% earn more than $360,991 per year. Most renters earn between $28,044 (20th percentile) and $41,868 (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 $983. Most renters earn between $2,337 and $3,489 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $788 (20th percentile) to $1,234 (80th percentile) range. The residential vacancy rate is 8%.

Links

  1. 4243 Mendenwood Ln, Orlando, FL on Zillow
  2. Recent Sales near 4243 Mendenwood Ln, Orlando, FL on Realtor.com
  3. 4243 Mendenwood Ln, Orlando, FL on Google Maps
  4. 4243 Mendenwood Ln Walkscore
  5. Orlando, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Heavenly Lawn Services Inc. (4209 Iveyglen Ave)
  2. Black Star Creative LLC (14504 Lake Price Dr)
  3. Sure Import Export LLC (4220 Stonefield Dr)

Sales History

DateSold BySold ToDeed TypePrice
02/13/1997 Not Recorded Not Recorded Unknown 93,100.00
10/19/2004 Not Recorded Not Recorded Warranty Deed/Special Warranty Deed 155,000.00
11/17/2010 Not Recorded Buyer: 1542522 Quit Claim 100.00
11/01/2012 Seller: 1542522 Not Recorded Unknown 108,000.00
02/01/2013 Not Recorded Buyer: 3538990 Unknown 131,000.00
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.