1480 Dorchester Ave is a 1,336 sq ft Single Family in West Melbourne.
It was built in 1979. 1480 Dorchester Ave sits on 0.23 acres of land. In 2014 similar properties sold for between $13,844 and $87,900. We estimate the income value of 1480 Dorchester Ave at $36,678. The assumptions we used to calculate this value are include in the spreadsheet linked below. West Melbourne is in Brevard County, Florida.
1480 Dorchester Ave Property Summary
1480 Dorchester Ave
Property Size: 1,336 sq ft
Year Built: 1979
Property Class: C2
For Sale - 1480 Dorchester Ave, $99,000
3 bedroom 2.00 bath 1,336 Sq Ft
Cute 3 bedroom home on quiet street.Tenant occupied.
Bedrooms 3 Full Bathrooms 2.00 Half Bathrooms 0 Finance Options Cash,Conventional MLS Number 679635 Last Updated 03/29/2015 01:30am
Contact Sue for additional details
Please quote reference number:
342386 when you call or email
Listing provided by Underill Realty, LLC.. Copyright 2015
Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc.
All rights reserved.
Estimated Value: 1480 Dorchester Ave
In 2014 class A single family properties in West Melbourne sold for $109.26 to
244.98 per sq ft with a median price per sq ft of
$125.15. Class B properties sold for $66.17 to
109.25 per sq ft with a median of
$90.76 and class C properties sold for $10.42 to
66.16 per sq ft with a median of $54.56.
1480 Dorchester Ave appears to be a C Class property. Suggested value: $72,489
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 1480 Dorchester Ave:
Household Income estimate assumes the
tenant has a total household income of $37,019 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 $987 Household Income - Renters $834 Market Rents $669 Price/Ft $849
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 1480 Dorchester Ave.
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 669
Annual Rent per Sq Ft 6.00
Gross Annual Rent 8,022
Vacancies and Bad Debt 14%
Vacancies and Bad Debt Amount 1,123
HOA, Utilities and CAM 0
Property Taxes 1,098
Management Fees 802
Cap Rate 9
Estimated Value 36,678
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
Select a County
Local Household Income
The median household income in this part of Florida is $67,725.
The bottom 10% of the population earn less than $23,538 per year.
The top 10% earn more than $153,533 per year. The top 1%
earn more than $455,912 per year.
Most renters earn
between $29,328 (20th percentile)
and $51,456 (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 22 of all properties in this area.
This suggests it would appeal to someone earning
around $37,019 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 $863.
Most renters earn
and $4,288 per month.
They typically spend 32% of their monthly income on rent.
Most rents fall in the $624 (20th percentile)
to $1,184 (80th percentile) range.
The residential vacancy rate is 9%.
This property falls in percentile 22 of all properties in this area. This corresponds to a rent of $647 per month and a monthly household income of $2,494
($29,928 per year)
1480 Dorchester Ave, West Melbourne, FL on Zillow
Recent Sales near 1480 Dorchester Ave, West Melbourne, FL on Realtor.com
1480 Dorchester Ave, West Melbourne, FL on Google Maps
1480 Dorchester Ave Walkscore
West Melbourne, FL Property Values on Trulia
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Building Year Built Size Usage Features
Single Family Residence
Asph/Asb Shngl Roof,
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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.
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allowing us to display other broker's listings on our site. Listing data supplied by
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personal, non-commercial use and may not be used for any purpose other than to identify
prospective properties to buy, lease or rent.
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and Brevard County, Florida. Real estate listings held
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