615 Morgan Ave
Property Size: 6,146 sq ft
Year Built: 1957
Property Class: B4
Longitude: -84.846 Not Offered for Sale
Our records indicate this property is not currently for sale but we may be
able to find something similar. Contact us for details.
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615 Morgan Ave, Chattahoochee, FL on Zillow
Recent Sales near 615 Morgan Ave, Chattahoochee, FL on Realtor.com
615 Morgan Ave, Chattahoochee, FL on Google Maps
Chattahoochee, FL Property Values on Trulia
Demographic Data for Zipcode 32324 from City-Data.com
Chattahoochee Demographics from City-Data.com
Phone numbers and opening hours for businesses in the 32324 Zipcode Owner Details
Date Sold By Sold To Deed Type Price
100.00 Gadsden County Real Estate - Chattahoochee
Chattahoochee is in
North West Florida. It's population as recorded in
the 2010 Census was 3,652. Chattahoochee is approximately 38 miles from Tallahassee (population
181,376) and around 58 miles from Lynn Haven (population 18,493).
The median age for residents of Chattahoochee is 45.1. Around 30.7%
of Chattahoochee households include school aged children and 32.7% of households include individuals aged 65 years or over. Census
records indicate 44.5% of the Chattahoochee population are White, 51.5% are Black or African American, .2% American Indian, 1% Asian
and 1.2% are Two or more Races.
There are 1,155 housing units in Chattahoochee. 215 (18.6%) of these were reported as
vacant in the 2010 Census. There are 470 residential rental units in Chattahoochee. 394 of them were occupied in 2010 providing a
residential rental vacancy rate of 15.7%.
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
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%.
Estimated Value: 615 Morgan Ave
In 2013 class A single family properties in Chattahoochee sold for $31.99 to
56.80 per sq ft with a median price per sq ft of
$52.54. Class B properties sold for $19.15 to
31.98 per sq ft with a median of
$27.55 and class C properties sold for $10.51 to
19.14 per sq ft with a median of $15.09.
615 Morgan Ave appears to be a B Class property. Suggested value: $169,322
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 615 Morgan Ave:
Household Income estimate assumes the
tenant has a total household income of $191,250 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 Model Monthly Rent Household Income - All Households $5,100 Household Income - Renters $1,848 Market Rents $1,767 Price/Ft $1,793
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 615 Morgan 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 1,767
Annual Rent per Sq Ft 3.00
Gross Annual Rent 21,204
Vacancies and Bad Debt 12%
Vacancies and Bad Debt Amount 2,544
HOA, Utilities and CAM 0
Property Taxes 4,791
Management Fees 2,120
Cap Rate 7
Estimated Value 78,443
Edit Values and Estimate Cashflow
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Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.
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.