3300 Sw 116 Ave, Davie

3300 Sw 116 Ave is a 3,147 sq ft Single Family in Davie. It was built in 1975. 3300 Sw 116 Ave sits on 1.25 acres of land. In 2013 similar properties sold for between $357,558 and $691,753. We estimate the income value of 3300 Sw 116 Ave at $66,729. The assumptions we used to calculate this value are include in the spreadsheet linked below. Davie is in Broward County, Florida.

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3300 Sw 116 Ave Property Summary

3300 Sw 116 Ave
Davie
FL 33330

Property Size:3,147 sq ft
Acreage:1.25
Year Built:1975
Property Class:B3
Lat, Long: 26.079, -80.303

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.

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Estimated Value: 3300 Sw 116 Ave

Market Data

In 2013 class A single family properties in Davie sold for $152.50 to 969.08 per sq ft with a median price per sq ft of $186.86. Class B properties sold for $78.82 to 152.49 per sq ft with a median of $112.25 and class C properties sold for $10.03 to 78.81 per sq ft with a median of $68.77.

Market Valuation

3300 Sw 116 Ave appears to be a B Class property. Suggested value: $509,209

HighMedianLow
Value691,753 509,209 357,558

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $66,729. 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 3300 Sw 116 Ave:

  • The Household Income estimate assumes the tenant has a total household income of $143,613 and spends 35% 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 $4,189
Household Income - Renters $1,796
Market Rents $1,761
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 3300 Sw 116 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 Rent1,761
Annual Rent per Sq Ft7.00
Gross Annual Rent21,128
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount2,747
Maintenance1,636
HOA, Utilities and CAM0
Property Taxes7,960
Insurance2,001
Management Fees2,113
NOI4,671
Cap Rate7
Estimated Value66,729
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 $62,112. The bottom 10% of the population earn less than $16,768 per year. The top 10% earn more than $156,742 per year. The top 1% earn more than $463,785 per year. Most renters earn between $32,772 (20th percentile) and $55,524 (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 $1,149. Most renters earn between $2,731 and $4,627 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $828 (20th percentile) to $1,574 (80th percentile) range. The residential vacancy rate is 8%.

Links

  1. 3300 Sw 116 Ave, Davie, FL on Zillow
  2. Recent Sales near 3300 Sw 116 Ave, Davie, FL on Realtor.com
  3. 3300 Sw 116 Ave, Davie, FL on Google Maps
  4. 3300 Sw 116 Ave Walkscore
  5. Davie, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Omni Support, Inc. (3361 Sw 116th Ave)
  2. Flow Simulations, Inc. (3259 Juniper Ln)
  3. Jms Billing, Inc. (3369 Juniper Ln)
  4. Graux Investments, LLC (3409 Juniper Ln)
  5. Cool Kidz Learning LLC (3319 Juniper Ln)
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.