3510 Ne 18th Pl, Cape Coral

Usage

Single Family

Address:

3510 Ne 18th Pl
Cape Coral
FL 33909

Property Size:2,138 sq ft
Acreage:0.24
Year Built:2005
Property Class:B3
Latitude:26.722
Longitude:-81.936

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.

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 Cape Coral:

  • Email:

Please quote reference number: 3557040 in your email

Estimated Value: 3510 Ne 18th Pl

Market Data

In 2013 class A single family properties in Cape Coral sold for $62.31 to 361.92 per sq ft with a median price per sq ft of $79.25. Class B properties sold for $39.69 to 62.30 per sq ft with a median of $49.07 and class C properties sold for $10.01 to 39.68 per sq ft with a median of $36.61.

Market Valuation

3510 Ne 18th Pl appears to be a B Class property. Suggested value: $92,220

HighMedianLow
Value117,083 92,220 74,591

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $50,386. 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 3510 Ne 18th Pl:

  • The Household Income estimate assumes the tenant has a total household income of $26,200 and spends 33% 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 $721
Household Income - Renters $866
Market Rents $782
Price/Ft $1,680

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 3510 Ne 18th Pl. 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 Rent782
Annual Rent per Sq Ft4.00
Gross Annual Rent9,382
Vacancies and Bad Debt14%
Vacancies and Bad Debt Amount1,313
Maintenance1,112
HOA, Utilities and CAM0
Property Taxes1,413
Insurance1,079
Management Fees938
NOI3,527
Cap Rate7
Estimated Value50,386
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.

Lee County, Florida

Lee County is in South West Florida. The main cities in Lee County are Cape Coral (population 154,305), Lehigh Acres (population 86,784) and Fort Myers (population 62,298)

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 $60,366. The bottom 10% of the population earn less than $20,960 per year. The top 10% earn more than $130,584 per year. The top 1% earn more than $445,411 per year. Most renters earn between $32,844 (20th percentile) and $51,024 (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 $1,052. Most renters earn between $2,737 and $4,252 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $837 (20th percentile) to $1,326 (80th percentile) range. The residential vacancy rate is 9%.

Links

  1. 3510 Ne 18th Pl, Cape Coral, FL on Zillow
  2. Recent Sales near 3510 Ne 18th Pl, Cape Coral, FL on Realtor.com
  3. 3510 Ne 18th Pl, Cape Coral, FL on Google Maps
  4. Cape Coral, FL Property Values on Trulia
  5. Search for EPA and DEP Cleanup Sites

Owner Details

Sales History

DateSold BySold ToDeed TypePrice
06/01/2010 Not Recorded Buyer: 2855010 Unknown 100.00
08/01/2010 Not Recorded Buyer: 2855010 Unknown 67,000.00
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.