6861 Blue Bonnet Dr, Cocoa

Usage

Mobile Home

Address:

6861 Blue Bonnet Dr
Cocoa
FL 32927

Property Size:1,288 sq ft
Acreage:0.17
Year Built:1974
Property Class:C2
Latitude:28.442
Longitude:-80.769

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.

Welcome to Visulate

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 Cocoa:

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Please quote reference number: 121811 in your email

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Brevard County, Florida

Brevard County in located in the East Central Florida region. Top industries for Brevard County include technology, tourism, agriculture, and other service businesses. The Kennedy Space Center is located in Brevard County and provides many jobs for the area as well as acts as a popular tourist destination. Other tourist attractions in Brevard County include Port Canaveral, one of the busiest cruise ports in the world, and Cocoa Beach.

In 2010 and 2011, the Brookings Institution reported that Brevard ranked in the bottom fifth of the nation's top metro areas, based on unemployment, gross metropolitan product, housing prices and foreclosed properties. In 2011, the county was rated the 6th worst in the nation for foreclosures. Top public sector employers for Brevard County are Brevard County School Board, Brevard County Board of County Commissioners, NASA, and US Department of Defense. Private sector employers include Harris Corporation, Health First, Inc, United Space Alliance, Wuesthoff Health System, and Northrop Grumman Corporation. ..more


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Links

  1. 6861 Blue Bonnet Dr, Cocoa, FL on Google Maps
  2. Cocoa, FL Property Values on Trulia
  3. Demographic Data for Zipcode 32927 from City-Data.com
  4. Cocoa Demographics from City-Data.com
  5. Phone numbers and opening hours for businesses in the 32927 Zipcode

Documents

  1. 6861 Blue Bonnet Dr Building Footprint

Buildings

BuildingYear BuiltSizeUsageFeatures
Building 1 1974 1,288.00 Manufactured Housing-Double Vinyl/Aluminum Exterior, Wood Frame, Sheet Metal Roof, Hip/Gable Roof,

Owner Details

Companies near this Address

  1. Roland'S Rentals Inc (6879 Aster Dr)

Brevard County Real Estate - Cocoa

Cocoa is in East Central Florida. It's population as recorded in the 2010 Census was 17,140. Cocoa is approximately 40 miles from Orlando (population 238,300) and around 26 miles from Palm Bay (population 103,190).

The median age for residents of Cocoa is 40. Around 28.6% of Cocoa households include school aged children and 30.5% of households include individuals aged 65 years or over. Census records indicate 59.1% of the Cocoa population are White, 31.3% are Black or African American, .5% American Indian, 1% Asian and 2.7% are Two or more Races.

There are 8,603 housing units in Cocoa. 1,367 (15.8%) of these were reported as vacant in the 2010 Census. There are 3,850 residential rental units in Cocoa. 3,150 of them were occupied in 2010 providing a residential rental vacancy rate of 17.4%.

Cocoa is located in Brevard Country, FL; north of Rockledge and west of Merritt Island. In 2002, Cocoa embarked on an intense annexation program, nearly doubling the city’s size to 14 square miles. The Census population figures do not include these annexed areas.

Some of Cocoa's biggest employers are: Beyel Brothers Crane & Rigging, Braden Kitchens, Brevard Community College, Brewer Paving & Development, CEMEX, and Coastal Steel. Beyel brothers Crane & Rigging is a Cocoa based company that offers heavy hauling and crane rentals. Braden Kitchens is also based in Cocoa, and offers kitchen cabinets. CEMEX provides cement and Coastal steel is a steel erection and fabrication company.

The biggest industries are trade, transportation and utilities and construction.

Cocoa links:

Local Household Income

The median household income in this part of Florida is $64,047. The bottom 10% of the population earn less than $21,382 per year. The top 10% earn more than $142,553 per year. The top 1% earn more than $397,861 per year. Most renters earn between $29,568 (20th percentile) and $53,724 (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 $895. Most renters earn between $2,464 and $4,477 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $649 (20th percentile) to $1,268 (80th percentile) range. The residential vacancy rate is 10%.

Estimated Value: 6861 Blue Bonnet Dr

Market Data

In 2013 class A mobile home properties in Cocoa sold for $37.73 to 57.69 per sq ft with a median price per sq ft of $44.84. Class B properties sold for $17.49 to 37.72 per sq ft with a median of $26.55 and class C properties sold for $10.90 to 17.48 per sq ft with a median of $16.97.

Market Valuation

6861 Blue Bonnet Dr appears to be a C Class property. Suggested value: $22,801

HighMedianLow
Value23,486 22,801 14,645

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $34,633. 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 6861 Blue Bonnet Dr:

  • The Household Income estimate assumes the tenant has a total household income of $10,913 and spends 32% 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 $291
Household Income - Renters $682
Market Rents $540
Price/Ft $550

Expense Estimates:

  • Census data records show 10% 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 6861 Blue Bonnet Dr. 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 Rent540
Annual Rent per Sq Ft5.00
Gross Annual Rent6,485
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount973
Maintenance670
HOA, Utilities and CAM0
Property Taxes332
Insurance1,004
Management Fees389
NOI3,117
Cap Rate9
Estimated Value34,633
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.