829 Clarence Ln is a 1,787 sq ft Single Family in Panama City.
It was built in 1975. 829 Clarence Ln sits on 0.34 acres of land. In 2014 similar properties sold for between $73,087 and $162,113. We estimate the income value of 829 Clarence Ln at $61,614. The assumptions we used to calculate this value are include in the spreadsheet linked below. Panama City is in Bay County, Florida.
829 Clarence Ln Property Summary
829 Clarence Ln
Property Size: 1,787 sq ft
Year Built: 1975
Property Class: B4
30.132, -85.572 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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Estimated Value: 829 Clarence Ln
In 2014 class A single family properties in Panama City sold for $91.35 to
665.86 per sq ft with a median price per sq ft of
$108.57. Class B properties sold for $41.18 to
91.34 per sq ft with a median of
$68.26 and class C properties sold for $10.04 to
41.17 per sq ft with a median of $33.53.
829 Clarence Ln appears to be a B Class property. Suggested value: $121,150
High Median Low
Income Valuation - Residential/Gross Lease
Visulate estimates the income value of this property is
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 829 Clarence Ln:
Household Income estimate assumes the
tenant has a total household income of $66,112 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 Model Monthly Rent Household Income - All Households $1,763 Household Income - Renters $1,129 Market Rents $992 Price/Ft $1,599
Census data records show 16% 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 829 Clarence 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
Monthly Rent 992
Annual Rent per Sq Ft 7.00
Gross Annual Rent 11,902
Vacancies and Bad Debt 21%
Vacancies and Bad Debt Amount 2,499
HOA, Utilities and CAM 0
Property Taxes 1,570
Management Fees 1,190
Cap Rate 7
Estimated Value 61,614
Edit Values and Estimate Cashflow
Save to Google Drive (Google login required)
Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.
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Local Household Income
The median household income in this part of Florida is $57,775.
The bottom 10% of the population earn less than $18,492 per year.
The top 10% earn more than $135,823 per year. The top 1%
earn more than $410,144 per year.
Most renters earn
between $27,852 (20th percentile)
and $52,584 (80th percentile) per year.
Someone earning the median household income in this area is likely to qualify for a mortgage between
The tax assessed value of this property
places it in percentile 58 of all properties in this area.
This suggests it would appeal to someone earning
around $66,112 per year who should qualify for a mortgage between
Source: US Census American Community Survey -
2008-2012 ACS 5-year PUMS estimates Local Rents
The median monthly rent in this part of Florida is $936.
Most renters earn
and $4,382 per month.
They typically spend 32% of their monthly income on rent.
Most rents fall in the $670 (20th percentile)
to $1,263 (80th percentile) range.
The residential vacancy rate is 16%.
This property falls in percentile 58 of all properties in this area. This corresponds to a rent of $992 per month and a monthly household income of $3,527
($42,324 per year)
829 Clarence Ln, Panama City, FL on Zillow
Recent Sales near 829 Clarence Ln, Panama City, FL on Realtor.com
829 Clarence Ln, Panama City, FL on Google Maps
829 Clarence Ln Walkscore
Panama City, FL Property Values on Trulia
Search for EPA and DEP Cleanup Sites Owner Details
Companies at this Address
Principal Address for
Bdm Locistics, LLC Mailing Address for
Bdm Locistics, LLC Companies near this Address
Bdm Locistics, LLC
( 829 Clarence Ln)
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.
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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.