7550 Fairlinks Ct, Sarasota

Usage

Single Family

Address:

7550 Fairlinks Ct
Sarasota
FL 34243

Property Size:2,266 sq ft
Acreage:0.18
Year Built:1992
Property Class:B4
Latitude:27.405
Longitude:-82.485

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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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 Sarasota:

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Manatee County, Florida

Manatee County is part of the Tampa Bay region of Florida. Major industries include retail trade, agriculture, tourism, and retirement. Other important parts of the manatee county economy are manufacturing, agribusiness, and fishing. Port Manatee and the Sarasota Bradenton International Airport help connect Manatee County businesses to the world. The cost of living in Manatee County is slightly higher than the rest of the state.

Manatee County's largest private sector employers are Bealls Inc, Manatee Memorial Hospital, Tropicana products, Inc, and Publix. Major Public sector employers are Manatee County School District, Manatee County Government, and Manatee County Sheriffs Department. Bealls of Florida is headquartered in Manatee County. Incorporated cities and towns are Anna Maria, Bradenton (county seat), Bradenton beach, Holmes Beach, Longboat Key, and Palmetto. ..more

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Links

  1. 7550 Fairlinks Ct, Sarasota, FL on Zillow
  2. Recent Sales near 7550 Fairlinks Ct, Sarasota, FL on Realtor.com
  3. 7550 Fairlinks Ct, Sarasota, FL on Google Maps
  4. Sarasota, FL Property Values on Trulia
  5. Demographic Data for Zipcode 34243 from City-Data.com
  6. Sarasota Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 34243 Zipcode

Owner Details

Companies near this Address

  1. Saraswati, LLC (7573 Fairlinks Ct)
  2. Luxury Hospitality Consultants, LLC. (7549 Fairlinks Ct)
  3. Longwood Plantation Fl, LLC (7549 Fairlinks Ct)
  4. The Nicholas Group Investments, Inc. (7320 Links Ct)
  5. D & D Crating Corporation (7538 Fairlinks Ct)

Sarasota County Real Estate - Sarasota

Sarasota is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 51,917.

The median age for residents of Sarasota is 44.5. Around 20.6% of Sarasota households include school aged children and 36.2% of households include individuals aged 65 years or over. Census records indicate 75.4% of the Sarasota population are White, 15.1% are Black or African American, .4% American Indian, 1.3% Asian and 2.3% are Two or more Races.

There are 29,151 housing units in Sarasota. 6,009 (20.6%) of these were reported as vacant in the 2010 Census. Sarasota is a tourist destination, 47.4% (2,851) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 11,504 residential rental units in Sarasota. 10,031 of them were occupied in 2010 providing a residential rental vacancy rate of 12.1%.

Sarasota links:

Nearby Cities

Local Household Income

The median household income in this part of Florida is $56,593. The bottom 10% of the population earn less than $19,651 per year. The top 10% earn more than $137,253 per year. The top 1% earn more than $456,616 per year. Most renters earn between $28,152 (20th percentile) and $49,284 (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 $937. Most renters earn between $2,346 and $4,107 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $710 (20th percentile) to $1,247 (80th percentile) range. The residential vacancy rate is 14%.

Estimated Value: 7550 Fairlinks Ct

Market Data

In 2013 class A single family properties in Sarasota sold for $129.85 to 335.52 per sq ft with a median price per sq ft of $142.77. Class B properties sold for $86.65 to 129.84 per sq ft with a median of $112.09 and class C properties sold for $10.75 to 86.64 per sq ft with a median of $78.27.

Market Valuation

7550 Fairlinks Ct appears to be a B Class property. Suggested value: $253,996

HighMedianLow
Value294,217 253,996 196,349

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $47,100. 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 7550 Fairlinks Ct:

  • The Household Income estimate assumes the tenant has a total household income of $93,677 and spends 34% 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 $2,654
Household Income - Renters $1,316
Market Rents $1,180
Price/Ft $2,224

Expense Estimates:

  • Census data records show 14% 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 7550 Fairlinks Ct. 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 Rent1,180
Annual Rent per Sq Ft6.00
Gross Annual Rent14,162
Vacancies and Bad Debt19%
Vacancies and Bad Debt Amount2,691
Maintenance1,178
HOA, Utilities and CAM0
Property Taxes3,742
Insurance1,838
Management Fees1,416
NOI3,297
Cap Rate7
Estimated Value47,100
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.

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.