1078 Hermosa Way, Kissimmee

1078 Hermosa Way is a 2,742 sq ft Single Family in Kissimmee. It was built in 2007. 1078 Hermosa Way sits on 0.13 acres of land. In 2013 similar properties sold for between $137,873 and $219,862. We estimate the income value of 1078 Hermosa Way at $115,257. The assumptions we used to calculate this value are include in the spreadsheet linked below. Kissimmee is in Osceola County, Florida.

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1078 Hermosa Way Property Summary

1078 Hermosa Way
Kissimmee
FL 34744

Property Size:2,742 sq ft
Acreage:0.13
Year Built:2007
Property Class:B4
Lat, Long: 28.281, -81.325

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: 1078 Hermosa Way

Market Data

In 2013 class A single family properties in Kissimmee sold for $78.34 to 682.72 per sq ft with a median price per sq ft of $102.42. Class B properties sold for $49.12 to 78.33 per sq ft with a median of $61.98 and class C properties sold for $10.27 to 49.11 per sq ft with a median of $44.50.

Market Valuation

1078 Hermosa Way appears to be a B Class property. Suggested value: $173,970

HighMedianLow
Value219,862 173,970 137,873

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $115,257. 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 1078 Hermosa Way:

  • The Household Income estimate assumes the tenant has a total household income of $104,148 and spends 36% 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 $3,124
Household Income - Renters $1,594
Market Rents $1,520
Price/Ft $2,226

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 1078 Hermosa Way. 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 Rent1,520
Annual Rent per Sq Ft7.00
Gross Annual Rent18,236
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount2,735
Maintenance1,426
HOA, Utilities and CAM0
Property Taxes2,600
Insurance1,583
Management Fees1,824
NOI8,068
Cap Rate7
Estimated Value115,257
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 $53,190. The bottom 10% of the population earn less than $19,332 per year. The top 10% earn more than $123,188 per year. The top 1% earn more than $397,112 per year. Most renters earn between $29,256 (20th percentile) and $49,716 (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 $1,058. Most renters earn between $2,438 and $4,143 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $815 (20th percentile) to $1,415 (80th percentile) range. The residential vacancy rate is 10%.

Links

  1. 1078 Hermosa Way, Kissimmee, FL on Zillow
  2. Recent Sales near 1078 Hermosa Way, Kissimmee, FL on Realtor.com
  3. 1078 Hermosa Way, Kissimmee, FL on Google Maps
  4. 1078 Hermosa Way Walkscore
  5. Kissimmee, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Luisa' S Closet LLC (997 Costa Mesa Ln)
  2. Carlyne Etienne Enterprises LLC (660 N State Road 7)
  3. Legacy Cleaning Services, Inc. (3006 Whimsical Ln)
  4. Radiantscape,LLC (3005 Whimsical Ln)
  5. Wet Coat Painting Inc. (1068 Hermosa Way)
  6. Rhino Express, LLC (1080 Hermosa Way)
  7. E.M.V Corporation (1020 Costa Mesa Ln)

Sales History

DateSold BySold ToDeed TypePrice
09/01/2014 Not Recorded Buyer: 37256 Unknown 100.00
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.