6064 N Ocean Blvd, Ocean Ridge

Usage

Single Family

Address:

6064 N Ocean Blvd
Ocean Ridge
FL 33435

Property Size:1,438 sq ft
Acreage:0.63
Year Built:1947
Property Class:B3
Latitude:26.522
Longitude:-80.050

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 Ocean Ridge:

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Please quote reference number: 2707737 in your email

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Palm Beach County, Florida

Palm Beach County is part of the southwest Florida region. Palm Beach County has 38 cities, towns and villages in total. West Palm Beach is the county's largest city and acts as the county seat.

Palm Beach County considers agribusiness; aviation, aerospace, and engineering; equestrian; healthcare; green energy; and corporate headquarters to be among its main industries.

Palm Beach County has many wealthy towns such as Palm Beach, Boca Raton, and Jupiter, as well as a large equestrian population making it one of Florida's wealthiest counties. As a result, real estate prices are comparatively higher in Palm beach County than most other counties in Florida. Palm Beach County's major private sector employers are Tenet Healthcare Corporation, Hospital Corporation of America, Florida Power& Light, The Breakers, and Office Depot. Top Public sector employers are Palm Beach County School Board, Palm Beach County, Florida Power and Light, Florida Atlantic University, and Boca Raton Community Hospital. ..more

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Links

  1. 6064 N Ocean Blvd, Ocean Ridge, FL on Zillow
  2. Recent Sales near 6064 N Ocean Blvd, Ocean Ridge, FL on Realtor.com
  3. 6064 N Ocean Blvd, Ocean Ridge, FL on Google Maps
  4. Ocean Ridge, FL Property Values on Trulia
  5. Demographic Data for Zipcode 33435 from City-Data.com
  6. Ocean Ridge Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 33435 Zipcode

Owner Details

Companies near this Address

  1. Drg Management Consulting, Inc. (6110 Ridge Ln)
  2. 1061 North Point, LLC (6060 N Ocean Blvd)
  3. Carlo Conti Management Corp. (6009 Old Ocean Blvd)
  4. Becker, LLC (6000 Old Ocean Blvd)
  5. Becker East, LLC (6000 Old Ocean Blvd)

Palm Beach County Real Estate - Boynton Beach

Boynton Beach is in South East Florida. It's population as recorded in the 2010 Census was 68,217.

The median age for residents of Boynton Beach is 41.9. Around 25% of Boynton Beach households include school aged children and 35.4% of households include individuals aged 65 years or over. Census records indicate 62.4% of the Boynton Beach population are White, 30.2% are Black or African American, .2% American Indian, 2.1% Asian and 2.1% are Two or more Races.

There are 36,289 housing units in Boynton Beach. 7,185 (19.7%) of these were reported as vacant in the 2010 Census. Boynton Beach is a tourist destination, 46.3% (3,330) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 11,388 residential rental units in Boynton Beach. 9,788 of them were occupied in 2010 providing a residential rental vacancy rate of 13.7%.

Boynton Beach links:

Local Household Income

The median household income in this part of Florida is $61,833. The bottom 10% of the population earn less than $18,837 per year. The top 10% earn more than $162,921 per year. The top 1% earn more than $518,664 per year. Most renters earn between $25,272 (20th percentile) and $49,680 (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 $1,048. Most renters earn between $2,106 and $4,140 per month. They typically spend 38% of their monthly income on rent. Most rents fall in the $784 (20th percentile) to $1,405 (80th percentile) range. The residential vacancy rate is 9%.

Estimated Value: 6064 N Ocean Blvd

Market Data

In 2013 class A single family properties in Ocean Ridge sold for $107.11 to 838.63 per sq ft with a median price per sq ft of $121.88. Class B properties sold for $68.65 to 107.10 per sq ft with a median of $87.70 and class C properties sold for $10.27 to 68.64 per sq ft with a median of $60.71.

Market Valuation

6064 N Ocean Blvd appears to be a B Class property. Suggested value: $74,165

HighMedianLow
Value90,571 74,165 58,055

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $125,000. 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 6064 N Ocean Blvd:

  • The Household Income estimate assumes the tenant has a total household income of $343,004 and spends 38% 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 $10,862
Household Income - Renters $2,500
Market Rents $2,393
Price/Ft $939

Expense Estimates:

  • Census data records show 9% 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 6064 N Ocean Blvd. 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 Rent2,393
Annual Rent per Sq Ft20.00
Gross Annual Rent28,712
Vacancies and Bad Debt14%
Vacancies and Bad Debt Amount4,020
Maintenance748
HOA, Utilities and CAM0
Property Taxes11,260
Insurance1,063
Management Fees2,871
NOI8,750
Cap Rate7
Estimated Value125,000
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.