5246 Miller Bayou Dr, Port Richey

Usage

Single Family

Address:

5246 Miller Bayou Dr
Port Richey
FL 34668

Property Size:3,688 sq ft
Acreage:0.36
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
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 Port Richey:

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Please quote reference number: 3251578 in your email

Estimated Value: 5246 Miller Bayou Dr

Market Data

In 2013 class A single family properties in Port Richey sold for $34.22 to 133.95 per sq ft with a median price per sq ft of $39.72. Class B properties sold for $20.76 to 34.21 per sq ft with a median of $27.31 and class C properties sold for $10.18 to 20.75 per sq ft with a median of $18.97.

Market Valuation

5246 Miller Bayou Dr appears to be a B Class property. Suggested value: $100,719

HighMedianLow
Value126,166 100,719 76,563

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $161,557. 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 $201,837 and spends 34% 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 $5,719
Household Income - Renters $2,021
Market Rents $2,120
Price/Ft $1,967

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.

Amount
Monthly Rent2,120
Annual Rent per Sq Ft7.00
Gross Annual Rent25,445
Vacancies and Bad Debt14%
Vacancies and Bad Debt Amount3,562
Maintenance1,918
HOA, Utilities and CAM0
Property Taxes3,923
Insurance2,189
Management Fees2,544
NOI11,309
Cap Rate7
Estimated Value161,557
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.

Pasco County, Florida

Pasco County is in the Tampa Bay region of Florida. The main cities in Pasco County are Spring Hill (population 98,621), Wesley Chapel (population 44,092) and Land O Lakes (population 31,996)

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 $55,317. The bottom 10% of the population earn less than $19,786 per year. The top 10% earn more than $133,832 per year. The top 1% earn more than $358,595 per year. Most renters earn between $27,096 (20th percentile) and $46,560 (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 $940. Most renters earn between $2,258 and $3,880 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $694 (20th percentile) to $1,282 (80th percentile) range. The residential vacancy rate is 9%.

Links

  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. White Square Media Group, Inc (8858 S Bennett)
  5. Favorite Film Partners Inc. (8858 S Bennett)
  6. Reda Ventures, Inc. (5338 Bay Blvd)
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.