1641 Nw 81 Way is a 1,122 sq ft Condominium in Plantation.
It was built in 1983. In 2014 similar properties sold for between $52,346 and $121,614. We estimate the income value of 1641 Nw 81 Way at $89,214. The assumptions we used to calculate this value are include in the spreadsheet linked below. Plantation is in Broward County, Florida.
1641 Nw 81 Way Property Summary
1641 Nw 81 Way
Property Size: 1,122 sq ft
Year Built: 1983
Property Class: B3
26.145, -80.260 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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Finding the property on our site does not necessarily mean it is for sale or rent at this time.
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Estimated Value: 1641 Nw 81 Way
In 2014 class A condominium properties in Plantation sold for $123.63 to
723.04 per sq ft with a median price per sq ft of
$147.97. Class B properties sold for $53.21 to
123.62 per sq ft with a median of
$81.92 and class C properties sold for $10.04 to
53.20 per sq ft with a median of $45.69.
1641 Nw 81 Way appears to be a B Class property. Suggested value: $80,590
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 1641 Nw 81 Way:
Household Income estimate assumes the
tenant has a total household income of $33,425 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 Model Monthly Rent Household Income - All Households $919 Household Income - Renters $1,019 Market Rents $1,010 Price/Ft $1,000
Census data records show 6% 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 1641 Nw 81 Way.
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 1,010
Annual Rent per Sq Ft 11.00
Gross Annual Rent 12,120
Vacancies and Bad Debt 11%
Vacancies and Bad Debt Amount 1,333
HOA, Utilities and CAM 0
Property Taxes 1,986
Management Fees 1,212
Cap Rate 7
Estimated Value 89,214
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
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Local Household Income
The median household income in this part of Florida is $73,217.
The bottom 10% of the population earn less than $22,952 per year.
The top 10% earn more than $179,960 per year. The top 1%
earn more than $493,421 per year.
Most renters earn
between $38,436 (20th percentile)
and $65,388 (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 18 of all properties in this area.
This suggests it would appeal to someone earning
around $33,425 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 $1,316.
Most renters earn
and $5,449 per month.
They typically spend 33% of their monthly income on rent.
Most rents fall in the $1,029 (20th percentile)
to $1,733 (80th percentile) range.
The residential vacancy rate is 6%.
This property falls in percentile 18 of all properties in this area. This corresponds to a rent of $1,010 per month and a monthly household income of $3,089
($37,068 per year)
1641 Nw 81 Way, Plantation, FL on Zillow
Recent Sales near 1641 Nw 81 Way, Plantation, FL on Realtor.com
1641 Nw 81 Way, Plantation, FL on Google Maps
1641 Nw 81 Way Walkscore
Plantation, FL Property Values on Trulia
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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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