603 Hibiscus Ave, Lehigh Acres

Usage

Single Family

Address:

603 Hibiscus Ave
Lehigh Acres
FL 33972

Property Size:3,953 sq ft
Acreage:0.50
Year Built:2006
Property Class:B4
Latitude:26.622
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.

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 Lehigh Acres:

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Please quote reference number: 4010396 in your email

Estimated Value: 603 Hibiscus Ave

Market Data

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.

Market Valuation

603 Hibiscus Ave appears to be a B Class property. Suggested value: $126,717

HighMedianLow
Value152,338 126,717 102,409

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $76,900. 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:

  • The 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 ModelMonthly Rent
Household Income - All Households $2,792
Household Income - Renters $1,364
Market Rents $1,250
Price/Ft $2,224

Expense Estimates:

  • 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 Google Drive.

Amount
Monthly Rent1,250
Annual Rent per Sq Ft4.00
Gross Annual Rent15,000
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount1,950
Maintenance2,056
HOA, Utilities and CAM0
Property Taxes2,167
Insurance1,944
Management Fees1,500
NOI5,383
Cap Rate7
Estimated Value76,900
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 $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 between $2,445 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%.

Links

  1. 603 Hibiscus Ave, Lehigh Acres, FL on Zillow
  2. Recent Sales near 603 Hibiscus Ave, Lehigh Acres, FL on Realtor.com
  3. 603 Hibiscus Ave, Lehigh Acres, FL on Google Maps
  4. Lehigh Acres, FL Property Values on Trulia
  5. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. 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.