1641 Nw 81 Way, Plantation

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.

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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 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.

Market Valuation

1641 Nw 81 Way appears to be a B Class property. Suggested value: $80,590

Value121,614 80,590 52,346

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $89,214. 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 $33,425 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 ModelMonthly Rent
Household Income - All Households $919
Household Income - Renters $1,019
Market Rents $1,010
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 Rent1,010
Annual Rent per Sq Ft11.00
Gross Annual Rent12,120
Vacancies and Bad Debt11%
Vacancies and Bad Debt Amount1,333
HOA, Utilities and CAM0
Property Taxes1,986
Management Fees1,212
Cap Rate7
Estimated Value89,214
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.

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 $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 $146,434 and $183,043.

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 $66,850 and $83,563.

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 between $3,203 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)


  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. Robert S. Zack, Pa (8108 Nw 15th Mnr)
  2. Jaycurt Flooring LLC (8120 Nw 15th Mnr)
  3. Inland Packaging, Inc. (1649 Nw 81st Way)
  4. Nadec, LLC (1670 Nw 81 St Way)
  5. Sjm Processing, Inc. (1676 Nw 81 Way)
  6. Clarke Healthcare Services, LLC (1678 Nw 81st Way)
  7. Clarke Health Services Inc (1678 Nw 81st Way)
  8. Cell Phone Repair Of North Florida, Inc (213 Crest St)
  9. International Property Fund, Inc. (1701 Nw 81st Way)
  10. Cyber Girl LLC (1706 Nw 81 Way)
  11. S W F Reporting, Inc. (1718 Nw 81 Way)
  12. Ye-Yo Unlimited, Inc. (1724 Nw 81st Way)
  13. Prointimo, Inc. (1724 Nw 81st Way)
  14. Quickarsolution, LLC (1744 Nw 81 Way)
  15. Michelle W. Johnson, LLC (1615 Nw 81st Way)
  16. Teutonic Trading Inc (8168 Nw 15th Mnr)
  17. Living Legends Inc. (8152 Northwest 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.

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.