1168 Mystery Cir, Davenport

Usage

Single Family

Orphanage, other non-profit or charitable services

Address:

1168 Mystery Cir
Davenport
FL 33837

Property Size:2,356 sq ft
Acreage:0.23
Year Built:2007
Property Class:B3
Latitude:28.148
Longitude:-81.591

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 Davenport:

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Estimated Value: 1168 Mystery Cir

Market Data

In 2013 class A orphanage, other non-profit or charitable services properties in Davenport sold for $62.42 to 62.42 per sq ft with a median price per sq ft of $62.42. Class B properties sold for $46.47 to 62.41 per sq ft with a median of $48.26 and class C properties sold for $46.46 to 46.46 per sq ft with a median of $46.46.

Market Valuation

1168 Mystery Cir appears to be a B Class property. Suggested value: $114,383

HighMedianLow
Value147,921 114,383 110,141

Income Valuation - Triple Net Lease

Visulate estimates the income value of this property is $129,429. 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 1168 Mystery Cir:

  • The Household Income estimate assumes the tenant has a total household income of $60,317 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 $1,659
Household Income - Renters $1,052
Market Rents $949
Price/Ft $2,224

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 1168 Mystery Cir. 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.

Net lease values for maintenance, property tax, utilities and insurance shown below are calculated as a percentage of the full amount based on the vacancy percentage.

Amount
Monthly Rent949
Annual Rent per Sq Ft5.00
Gross Annual Rent11,382
Vacancies and Bad Debt12%
Vacancies and Bad Debt Amount1,366
Maintenance147
HOA, Utilities and CAM0
Property Taxes225
Insurance129
Management Fees455
NOI9,060
Cap Rate7
Estimated Value129,429
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.

Polk County, Florida

Polk County is in the Tampa Bay region of Florida. The main cities in Polk County are Lakeland (population 97,422), Kissimmee (population 59,682) and Winter Haven (population 33,874)

[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 $51,062. The bottom 10% of the population earn less than $17,867 per year. The top 10% earn more than $116,079 per year. The top 1% earn more than $381,329 per year. Most renters earn between $24,060 (20th percentile) and $48,576 (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 $851. Most renters earn between $2,005 and $4,048 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $592 (20th percentile) to $1,252 (80th percentile) range. The residential vacancy rate is 7%.

Links

  1. 1168 Mystery Cir, Davenport, FL on Google Maps
  2. Davenport, FL Property Values on Trulia
  3. Demographic Data for Zipcode 33837 from City-Data.com
  4. Davenport Demographics from City-Data.com
  5. Phone numbers and opening hours for businesses in the 33837 Zipcode

Owner Details

Sales History

DateSold BySold ToDeed TypePrice
07/01/2012 Not Recorded Not Recorded Unknown 100.00
07/01/2012 Not Recorded Buyer: 3657859 Unknown 100.00
10/01/2012 Not Recorded Buyer: 2588927 Unknown 125,000.00
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.