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 2014 similar properties sold for between $396,979 and $740,656. We estimate the income value of 3300 Sw 116 Ave at $67,343. The assumptions we used to calculate this value are include in the spreadsheet linked below. Davie is in Broward County, Florida.
3300 Sw 116 Ave Property Summary
3300 Sw 116 Ave
Property Size: 3,147 sq ft
Year Built: 1975
Property Class: B3
For Sale - 3300 Sw 116 Ave, $633,000
Gracious living beautiful 3bed-3bath on 1.25 acres. Completely tiled, upgraded kitchen with built-in double ovens, Samsung French Door refrigerator. Large Island kitchen with glass-top E-range and extended breakfast area. Great floor plan master bedroom/bath with Roman tub, huge living room. Patio/pool area. No association. Park boat. RV or expand rooms, build tennis court. Great possibilities!
Bedrooms 3 Full Bathrooms 3 Half Bathrooms 0 High School Middle School Elementary School MLS Number A2152802 Verified 12/01/2015 01:30am
Contact Sue for additional details
Please quote reference number:
4593154 when you call or email
Listing provided by Charles Rutenberg Realty LLC. Copyright 2015
Multiple Listing Service of South East Florida and Miami Association of Realtors.
All rights reserved.
Estimated Value: 3300 Sw 116 Ave
In 2014 class A single family properties in Davie sold for $163.28 to
977.76 per sq ft with a median price per sq ft of
$196.96. Class B properties sold for $87.51 to
163.27 per sq ft with a median of
$122.72 and class C properties sold for $10.15 to
87.50 per sq ft with a median of $76.45.
3300 Sw 116 Ave appears to be a B Class property. Suggested value: $556,705
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 3300 Sw 116 Ave:
Household Income estimate assumes the
tenant has a total household income of $148,857 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 Model Monthly Rent Household Income - All Households $4,342 Household Income - Renters $1,805 Market Rents $1,765 Price/Ft $2,224
Census data records show 7% 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
Monthly Rent 1,765
Annual Rent per Sq Ft 7.00
Gross Annual Rent 21,184
Vacancies and Bad Debt 12%
Vacancies and Bad Debt Amount 2,542
HOA, Utilities and CAM 0
Property Taxes 8,195
Management Fees 2,118
Cap Rate 7
Estimated Value 67,343
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.
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Local Household Income
The median household income in this part of Florida is $60,107.
The bottom 10% of the population earn less than $16,160 per year.
The top 10% earn more than $162,163 per year. The top 1%
earn more than $475,807 per year.
Most renters earn
between $31,008 (20th percentile)
and $55,980 (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 88 of all properties in this area.
This suggests it would appeal to someone earning
around $148,857 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 $1,140.
Most renters earn
and $4,665 per month.
They typically spend 35% of their monthly income on rent.
Most rents fall in the $831 (20th percentile)
to $1,575 (80th percentile) range.
The residential vacancy rate is 7%.
This property falls in percentile 88 of all properties in this area. This corresponds to a rent of $1,765 per month and a monthly household income of $5,156
($61,872 per year)
3300 Sw 116 Ave, Davie, FL on Zillow
Recent Sales near 3300 Sw 116 Ave, Davie, FL on Realtor.com
3300 Sw 116 Ave, Davie, FL on Google Maps
3300 Sw 116 Ave Walkscore
Davie, FL Property Values on Trulia
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Companies near this Address
Omni Support, Inc.
(3361 Sw 116th Ave)
Flow Simulations, Inc.
( 3259 Juniper Ln)
Jms Billing, Inc.
( 3369 Juniper Ln)
Graux Investments, LLC
( 3409 Juniper Ln)
Disclaimers and Disclosures
Public Records Data
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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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prospective properties to buy, lease or rent.
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