3062 Raines St, Pensacola

Usage

Single Family

Address:

3062 Raines St
Pensacola
FL 32514

Property Size:2,272 sq ft
Acreage:0.22
Year Built:1979
Property Class:B4
Lat, Long: 30.506, -87.200

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.

Google Street View  of 3062 Raines St, Pensacola, FL 32514
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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: 3062 Raines St

Market Data

In 2013 class A single family properties in Pensacola sold for $72.62 to 299.46 per sq ft with a median price per sq ft of $89.19. Class B properties sold for $31.66 to 72.61 per sq ft with a median of $52.38 and class C properties sold for $10.05 to 31.65 per sq ft with a median of $25.91.

Market Valuation

3062 Raines St appears to be a B Class property. Suggested value: $134,165

HighMedianLow
Value185,981 134,165 81,093

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $80,557. 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 3062 Raines St:

  • The Household Income estimate assumes the tenant has a total household income of $87,132 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 $2,324
Household Income - Renters $1,142
Market Rents $1,048
Price/Ft $2,196

Expense Estimates:

  • Census data records show 6% 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 3062 Raines 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 Rent1,048
Annual Rent per Sq Ft6.00
Gross Annual Rent12,576
Vacancies and Bad Debt11%
Vacancies and Bad Debt Amount1,383
Maintenance1,181
HOA, Utilities and CAM0
Property Taxes1,694
Insurance1,421
Management Fees1,258
NOI5,639
Cap Rate7
Estimated Value80,557
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.

Escambia County, Florida

Escambia County is in North West Florida. The main cities in Escambia County are Pensacola (population 51,923), Gonzalez (population 13,273) and Century (population 1,698)

[Property Appraiser]
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Local Household Income

The median household income in this part of Florida is $62,364. The bottom 10% of the population earn less than $20,466 per year. The top 10% earn more than $141,840 per year. The top 1% earn more than $447,006 per year. Most renters earn between $26,112 (20th percentile) and $48,468 (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 $879. Most renters earn between $2,176 and $4,039 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $637 (20th percentile) to $1,191 (80th percentile) range. The residential vacancy rate is 6%.

Links

  1. 3062 Raines St, Pensacola, FL on Zillow
  2. Recent Sales near 3062 Raines St, Pensacola, FL on Realtor.com
  3. 3062 Raines St, Pensacola, FL on Google Maps
  4. 3062 Raines St Walkscore
  5. Pensacola, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Www.A2znetstore.Com LLC (3124 Raines 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.