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 2013 similar properties sold for between $14,389 and $77,723. We estimate the income value of 1480 Dorchester Ave at $48,511. 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 12/21/2014 01:30am
Contact Sue for additional details
Please quote reference number:
342386 when you call or email
Listing provided by Underill Realty, LLC.. Copyright 2014
Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc.
All rights reserved.
Estimated Value: 1480 Dorchester Ave
In 2013 class A single family properties in West Melbourne sold for $99.38 to
260.42 per sq ft with a median price per sq ft of
$113.33. Class B properties sold for $58.51 to
99.37 per sq ft with a median of
$80.55 and class C properties sold for $10.83 to
58.50 per sq ft with a median of $49.47.
1480 Dorchester Ave appears to be a C Class property. Suggested value: $65,726
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 $37,268 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 $994 Household Income - Renters $972 Market Rents $793 Price/Ft $849
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 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 793
Annual Rent per Sq Ft 7.00
Gross Annual Rent 9,510
Vacancies and Bad Debt 15%
Vacancies and Bad Debt Amount 1,427
HOA, Utilities and CAM 0
Property Taxes 1,028
Management Fees 951
Cap Rate 9
Estimated Value 48,511
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.
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
Select a County
Local Household Income
The median household income in this part of Florida is $67,279.
The bottom 10% of the population earn less than $24,030 per year.
The top 10% earn more than $152,735 per year. The top 1%
earn more than $513,532 per year.
Most renters earn
between $30,756 (20th percentile)
and $53,772 (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 $880.
Most renters earn
and $4,481 per month.
They typically spend 32% of their monthly income on rent.
Most rents fall in the $615 (20th percentile)
to $1,188 (80th percentile) range.
The residential vacancy rate is 10%.
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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prospective properties to buy, lease or rent.
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and Brevard County, Florida. Real estate listings held
by brokerage firms other than Visulate are marked with the Broker Reciprocity logo
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