86 Divine Ln, Quincy

Usage

Single Family

Address:

86 Divine Ln
Quincy
FL 32351

Property Size:1,693 sq ft
Acreage:0.78
Year Built:2008
Property Class:B3
Lat, Long: 30.546, -84.685

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.

Welcome to Visulate

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.

Contact us if you want to buy or sell real estate in Quincy:

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Please quote reference number: 4703726 in your email

Estimated Value: 86 Divine Ln

Market Data

In 2013 class A single family properties in Quincy sold for $74.74 to 357.45 per sq ft with a median price per sq ft of $107.98. Class B properties sold for $21.93 to 74.73 per sq ft with a median of $40.82 and class C properties sold for $13.03 to 21.92 per sq ft with a median of $20.45.

Market Valuation

86 Divine Ln appears to be a B Class property. Suggested value: $69,108

HighMedianLow
Value126,518 69,108 37,127

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $85,000. 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 86 Divine Ln:

  • The Household Income estimate assumes the tenant has a total household income of $88,014 and spends 32% 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 $2,347
Household Income - Renters $1,156
Market Rents $1,048
Price/Ft $1,115

Expense Estimates:

  • 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 86 Divine Ln. 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 Rent1,048
Annual Rent per Sq Ft7.00
Gross Annual Rent12,573
Vacancies and Bad Debt12%
Vacancies and Bad Debt Amount1,509
Maintenance880
HOA, Utilities and CAM0
Property Taxes2,134
Insurance843
Management Fees1,257
NOI5,950
Cap Rate7
Estimated Value85,000
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.

Gadsden County, Florida

Gadsden County is in North West Florida. The main cities in Gadsden County are Quincy (population 7,972), Chattahoochee (population 3,652) and Havana (population 1,754)

[Property Appraiser]
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 $68,189. The bottom 10% of the population earn less than $18,749 per year. The top 10% earn more than $149,117 per year. The top 1% earn more than $456,616 per year. Most renters earn between $25,848 (20th percentile) and $49,320 (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 $873. Most renters earn between $2,154 and $4,110 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $596 (20th percentile) to $1,247 (80th percentile) range. The residential vacancy rate is 7%.

Links

  1. 86 Divine Ln, Quincy, FL on Zillow
  2. Recent Sales near 86 Divine Ln, Quincy, FL on Realtor.com
  3. 86 Divine Ln, Quincy, FL on Google Maps
  4. 86 Divine Ln Walkscore
  5. Quincy, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

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.