603 Hibiscus Ave
Property Size: 3,953 sq ft
Year Built: 2006
Property Class: B4
Longitude: -81.631 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.
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 Lehigh Acres:
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Estimated Value: 603 Hibiscus Ave
In 2013 class A single family properties in Lehigh Acres sold for $39.43 to
174.92 per sq ft with a median price per sq ft of
$44.17. Class B properties sold for $26.50 to
39.42 per sq ft with a median of
$32.79 and class C properties sold for $10.12 to
26.49 per sq ft with a median of $23.93.
603 Hibiscus Ave appears to be a B Class property. Suggested value: $126,717
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 603 Hibiscus Ave:
Household Income estimate assumes the
tenant has a total household income of $108,087 and spends 31% 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 $2,792 Household Income - Renters $1,364 Market Rents $1,250 Price/Ft $2,224
Census data records show 8% 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 603 Hibiscus 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 1,250
Annual Rent per Sq Ft 4.00
Gross Annual Rent 15,000
Vacancies and Bad Debt 13%
Vacancies and Bad Debt Amount 1,950
HOA, Utilities and CAM 0
Property Taxes 2,167
Management Fees 1,500
Cap Rate 7
Estimated Value 76,900
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.
Lee County, Florida
Lee County is in South West Florida. The main cities in Lee County are Cape Coral (population
Acres (population 86,784) and Fort Myers (population
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 $56,594.
The bottom 10% of the population earn less than $20,262 per year.
The top 10% earn more than $136,033 per year. The top 1%
earn more than $485,093 per year.
Most renters earn
between $29,340 (20th percentile)
and $48,492 (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 $927.
Most renters earn
and $4,041 per month.
They typically spend 31% of their monthly income on rent.
Most rents fall in the $660 (20th percentile)
to $1,195 (80th percentile) range.
The residential vacancy rate is 8%.
603 Hibiscus Ave, Lehigh Acres, FL on Zillow
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603 Hibiscus Ave, Lehigh Acres, FL on Google Maps
Lehigh Acres, FL Property Values on Trulia
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Companies near this Address
Zechariah 4 Ministries, Inc.
( 614 Poinsettia Ave)
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.