5246 Miller Bayou Dr, Port Richey

5246 Miller Bayou Dr is a 3,688 sq ft Single Family in Port Richey. It was built in 1993. 5246 Miller Bayou Dr sits on 0.36 acres of land. In 2014 similar properties sold for between $73,096 and $130,113. We estimate the income value of 5246 Miller Bayou Dr at $169,829. The assumptions we used to calculate this value are include in the spreadsheet linked below. Port Richey is in Pasco County, Florida.

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5246 Miller Bayou Dr Property Summary

5246 Miller Bayou Dr
Port Richey
FL 34668

Property Size:3,688 sq ft
Year Built:1993
Property Class:B3
Lat, Long: 28.279, -82.727

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 5246     Miller Bayou Dr, Port Richey, FL 34668
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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: 5246 Miller Bayou Dr

Market Data

In 2014 class A single family properties in Port Richey sold for $35.29 to 927.08 per sq ft with a median price per sq ft of $42.76. Class B properties sold for $19.82 to 35.28 per sq ft with a median of $26.42 and class C properties sold for $10.04 to 19.81 per sq ft with a median of $17.76.

Market Valuation

5246 Miller Bayou Dr appears to be a B Class property. Suggested value: $97,437

Value130,113 97,437 73,096

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $169,829. 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 5246 Miller Bayou Dr:

  • The Household Income estimate assumes the tenant has a total household income of $196,865 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 $5,906
Household Income - Renters $2,063
Market Rents $2,183
Price/Ft $2,207

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 5246 Miller Bayou Dr. 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.

Monthly Rent2,183
Annual Rent per Sq Ft7.00
Gross Annual Rent26,196
Vacancies and Bad Debt14%
Vacancies and Bad Debt Amount3,667
HOA, Utilities and CAM0
Property Taxes4,051
Management Fees2,620
Cap Rate7
Estimated Value169,829
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.

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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 $55,921. The bottom 10% of the population earn less than $19,736 per year. The top 10% earn more than $135,753 per year. The top 1% earn more than $356,112 per year. Most renters earn between $26,532 (20th percentile) and $44,892 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $111,842 and $139,803.

The tax assessed value of this property places it in percentile 97 of all properties in this area. This suggests it would appeal to someone earning around $196,865 per year who should qualify for a mortgage between $393,730 and $492,163.

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 $955. Most renters earn between $2,211 and $3,741 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $709 (20th percentile) to $1,305 (80th percentile) range. The residential vacancy rate is 9%.

This property falls in percentile 97 of all properties in this area. This corresponds to a rent of $2,183 per month and a monthly household income of $5,732 ($68,784 per year)


  1. 5246 Miller Bayou Dr, Port Richey, FL on Zillow
  2. Recent Sales near 5246 Miller Bayou Dr, Port Richey, FL on Realtor.com
  3. 5246 Miller Bayou Dr, Port Richey, FL on Google Maps
  4. 5246 Miller Bayou Dr Walkscore
  5. Port Richey, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Hanson Heating & Air, Inc. (5204 Bay Blvd)
  2. Aloha Wraps, Inc. (5230 Miller Bayou Dr)
  3. Akita Club Of Tampa Bay, Inc. (5266 Miller Bayou Dr)
  4. Prestige Home Maintenance Inc (5275 Miller Bayou Dr)
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.