242 Pelican Ave is a 2,016 sq ft Single Family in Daytona Beach.
It was built in 1928. In 2014 similar properties sold for between $103,279 and $248,697. We estimate the income value of 242 Pelican Ave at $21,186. The assumptions we used to calculate this value are include in the spreadsheet linked below. Daytona Beach is in Volusia County County, Florida.
242 Pelican Ave Property Summary
242 Pelican Ave
& 244 Daytona Beach
Property Size: 2,016 sq ft
Year Built: 1928
Property Class: B3
29.253, -81.028 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.
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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.
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Estimated Value: 242 Pelican Ave
In 2014 class A single family properties in Daytona Beach sold for $90.84 to
672.47 per sq ft with a median price per sq ft of
$113.90. Class B properties sold for $37.72 to
90.83 per sq ft with a median of
$63.45 and class C properties sold for $10.10 to
37.71 per sq ft with a median of $30.84.
242 Pelican Ave appears to be a B Class property. Suggested value: $173,729
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 242 Pelican Ave:
Household Income estimate assumes the
tenant has a total household income of $70,582 and spends 37% 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 $2,176 Household Income - Renters $848 Market Rents $781 Price/Ft $2,224
Census data records show 5% 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 242 Pelican 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 781
Annual Rent per Sq Ft 5.00
Gross Annual Rent 9,372
Vacancies and Bad Debt 10%
Vacancies and Bad Debt Amount 937
HOA, Utilities and CAM 0
Property Taxes 3,301
Management Fees 937
Cap Rate 7
Estimated Value 21,186
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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Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website
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Local Household Income
The median household income in this part of Florida is $48,648.
The bottom 10% of the population earn less than $14,553 per year.
The top 10% earn more than $130,517 per year. The top 1%
earn more than $463,732 per year.
Most renters earn
between $23,592 (20th percentile)
and $36,996 (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 70 of all properties in this area.
This suggests it would appeal to someone earning
around $70,582 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 $835.
Most renters earn
and $3,083 per month.
They typically spend 37% of their monthly income on rent.
Most rents fall in the $605 (20th percentile)
to $1,097 (80th percentile) range.
The residential vacancy rate is 5%.
This property falls in percentile 70 of all properties in this area. This corresponds to a rent of $956 per month and a monthly household income of $2,908
($34,896 per year)
242 Pelican Ave, Daytona Beach, FL on Zillow
Recent Sales near 242 Pelican Ave, Daytona Beach, FL on Realtor.com
242 Pelican Ave, Daytona Beach, FL on Google Maps
242 Pelican Ave Walkscore
Daytona Beach, FL Property Values on Trulia
Search for EPA and DEP Cleanup Sites Owner Details
Companies near this Address
Daytona Solar & Power, LLC
(262 Euclid Ave)
This Child Here, Inc.
( 245 Seaview Ave)
Jim'S Clean & Clear Pool Service, Inc.
(215 Pelican Ave)
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.