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.
5246 Miller Bayou Dr Property Summary
5246 Miller Bayou Dr
Property Size: 3,688 sq ft
Year Built: 1993
Property Class: B3
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.
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Visulate is a real estate brokerage based in Merrit Island, Florida.
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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
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.
5246 Miller Bayou Dr appears to be a B Class property. Suggested value: $97,437
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 5246 Miller Bayou Dr:
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 Model Monthly Rent Household Income - All Households $5,906 Household Income - Renters $2,063 Market Rents $2,183 Price/Ft $2,207
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
Monthly Rent 2,183
Annual Rent per Sq Ft 7.00
Gross Annual Rent 26,196
Vacancies and Bad Debt 14%
Vacancies and Bad Debt Amount 3,667
HOA, Utilities and CAM 0
Property Taxes 4,051
Management Fees 2,620
Cap Rate 7
Estimated Value 169,829
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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Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website
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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
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
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
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)
5246 Miller Bayou Dr, Port Richey, FL on Zillow
Recent Sales near 5246 Miller Bayou Dr, Port Richey, FL on Realtor.com
5246 Miller Bayou Dr, Port Richey, FL on Google Maps
5246 Miller Bayou Dr Walkscore
Port Richey, FL Property Values on Trulia
Search for EPA and DEP Cleanup Sites Owner Details
Companies near this Address
Hanson Heating & Air, Inc.
(5204 Bay Blvd)
Aloha Wraps, Inc.
(5230 Miller Bayou Dr)
Akita Club Of Tampa Bay, Inc.
(5266 Miller Bayou Dr)
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.