1641 Nw 81 Way, Plantation

1641 Nw 81 Way is a 1,122 sq ft Condominium in Plantation. It was built in 1983. In 2015 similar properties sold for between $58,495 and $121,309. We estimate the income value of 1641 Nw 81 Way at $68,600. The assumptions we used to calculate this value are include in the spreadsheet linked below. Plantation is in Broward County, Florida.

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1641 Nw 81 Way Property Summary

1641 Nw 81 Way
FL 33322

Property Size:1,122 sq ft
Year Built:1983
Property Class:B3
Lat, Long: 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.

Google Street View  of 1641 Nw 81 Way, Plantation, FL 33322
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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.

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Estimated Value: 1641 Nw 81 Way

Market Data

In 2015 class A condominium properties in Plantation sold for $123.32 to 716.22 per sq ft with a median price per sq ft of $146.67. Class B properties sold for $59.46 to 123.31 per sq ft with a median of $86.36 and class C properties sold for $10.27 to 59.45 per sq ft with a median of $51.78.

Market Valuation

1641 Nw 81 Way appears to be a B Class property. Suggested value: $84,958

Value121,309 84,958 58,495

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $68,600. 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:

  • The Household Income estimate assumes the tenant has a total household income of $33,588 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 $868
Household Income - Renters $878
Market Rents $902
Price/Ft $1,000

Expense Estimates:

  • 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 Google Drive.

Monthly Rent902
Annual Rent per Sq Ft10.00
Gross Annual Rent10,824
Vacancies and Bad Debt11%
Vacancies and Bad Debt Amount1,191
HOA, Utilities and CAM0
Property Taxes2,424
Management Fees1,082
Cap Rate7
Estimated Value68,600
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.

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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 $73,996. The bottom 10% of the population earn less than $22,547 per year. The top 10% earn more than $180,338 per year. The top 1% earn more than $516,739 per year. Most renters earn between $41,328 (20th percentile) and $69,936 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $147,992 and $184,990.

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 $33,588 per year who should qualify for a mortgage between $67,176 and $83,970.

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 $1,350. Most renters earn between $3,444 and $5,828 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $1,044 (20th percentile) to $1,746 (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 $1,025 per month and a monthly household income of $3,367 ($40,404 per year)


  1. 1641 Nw 81 Way, Plantation, FL on Zillow
  2. Recent Sales near 1641 Nw 81 Way, Plantation, FL on Realtor.com
  3. 1641 Nw 81 Way, Plantation, FL on Google Maps
  4. 1641 Nw 81 Way Walkscore
  5. Plantation, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Jaycurt Flooring LLC (8120 Nw 15th Mnr)
  2. Robert S. Zack, Pa (8108 Nw 15th Mnr)
  3. Dlp Investment Group, LLC (1663 Nw 81st Way)
  4. Arc Property Solutions, LLC (1663 Nw 81st Way)
  5. Inland Packaging, Inc. (1649 Nw 81st Way)
  6. Nadec, LLC (1670 Nw 81 St Way)
  7. Sjm Processing, Inc. (1676 Nw 81 Way)
  8. Clarke Healthcare Services, LLC (1678 Nw 81st Way)
  9. Clarke Health Services Inc (1678 Nw 81st Way)
  10. Cyber Girl LLC (1706 Nw 81 Way)
  11. Agjg Holdings LLC (1716 Nw 81st Way)
  12. Prointimo, Inc. (1724 Nw 81st Way)
  13. S W F Reporting, Inc. (1718 Nw 81 Way)
  14. Michelle W. Johnson, LLC (1615 Nw 81st Way)
  15. Metlheds, LLC (1600 Nw 81 Way)
  16. Henry Jacobsohn P.A. (1600 Nw 81 Way)
  17. Teutonic Trading Inc (8168 Nw 15th Mnr)
  18. Jonna Foster, Inc. (8150 Nw 15th Mnr)
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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