1239 Meissen Ave Nw, Palm Bay

My name is Sue Goldthorp, owner and co-founder of 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 a property in Palm Bay:

• Email:
• Phone: (321) 453 7389

Please quote reference number: 324131 in your email

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Market Data

In 2012 class A single family properties in Palm Bay sold for $56.83 to 250,003.59 per sq ft with a median price per sq ft of $68.95. Class B properties sold for $36.40 to 56.82 per sq ft with a median of $46.49 and class C properties sold for $0.48 to 36.39 per sq ft with a median of $32.65.

• Palm Bay Real Estate Market Data
• Brevard County Real Estate Market Data

Market Valuation

1239 Meissen Ave Nw appears to be a B Class property. Suggested value: $96,222

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $78,829. Details of how we produced this estimate value appear below:

• 1239 Meissen Ave Nw, Palm Bay, FL Pro-Forma Income & IRR

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 1239 Meissen Ave Nw:

• The Household Income estimate assumes the tenant has a total household income of $74,514 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	$1,987
Household Income - Renters	$1,572
Market Rents	$1,076
Price/Ft	$1,268

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 1239 Meissen Ave Nw. 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.

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

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, Sue and Peter Goldthorp and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.

MLS Data

Visulate participates in My Flordia Regional MLS and the Brevard County Broker Reciprocity programs, allowing us to display other broker's listings on our site. Listing data supplied by other brokers is deemed reliable but not guaranteed. It is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties to buy, lease or rent.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Programs of My Flordia Regional MLS and Brevard County, Florida. Real estate listings held by brokerage firms other than Visulate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.