242 Pelican Ave, Daytona Beach

Usage

Single Family

Address:

242 Pelican Ave
& 244
Daytona Beach
FL 32118

Property Size:2,016 sq ft
Bedrooms:4.00
Bathrooms:3.00
Year Built:1928
Property Class:B3
Latitude:29.253
Longitude:-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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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.

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Estimated Value: 242 Pelican Ave

Market Data

In 2013 class A single family properties in Daytona Beach sold for $88.95 to 977.78 per sq ft with a median price per sq ft of $114.06. Class B properties sold for $40.04 to 88.94 per sq ft with a median of $64.29 and class C properties sold for $10.18 to 40.03 per sq ft with a median of $33.91.

Market Valuation

242 Pelican Ave appears to be a B Class property. Suggested value: $176,029

HighMedianLow
Value243,522 176,029 109,632

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $34,671. 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:

  • The Household Income estimate assumes the tenant has a total household income of $71,276 and spends 36% 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 $2,138
Household Income - Renters $903
Market Rents $838
Price/Ft $1,954

Expense Estimates:

  • 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 Google Drive.

Amount
Monthly Rent838
Annual Rent per Sq Ft5.00
Gross Annual Rent10,061
Vacancies and Bad Debt10%
Vacancies and Bad Debt Amount1,006
Maintenance1,048
HOA, Utilities and CAM0
Property Taxes2,810
Insurance1,764
Management Fees1,006
NOI2,427
Cap Rate7
Estimated Value34,671
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.

Volusia County County, Florida

Volusia County is in East Central Florida. The main cities in Volusia County are Deltona (population 85,182), Daytona Beach (population 61,005) and Port Orange (population 56,048)

[Tax Value] [Tax History] [Sales History]
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 $48,934. The bottom 10% of the population earn less than $14,672 per year. The top 10% earn more than $130,808 per year. The top 1% earn more than $454,243 per year. Most renters earn between $23,760 (20th percentile) and $37,404 (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 $826. Most renters earn between $1,980 and $3,117 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $595 (20th percentile) to $1,091 (80th percentile) range. The residential vacancy rate is 5%.

Links

  1. 242 Pelican Ave, Daytona Beach, FL on Zillow
  2. Recent Sales near 242 Pelican Ave, Daytona Beach, FL on Realtor.com
  3. 242 Pelican Ave, Daytona Beach, FL on Google Maps
  4. Daytona Beach, FL Property Values on Trulia
  5. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Daytona Solar & Power, LLC (262 Euclid Ave)
  2. Jim'S Clean & Clear Pool Service, Inc. (215 Pelican Ave)
  3. This Child Here, Inc. (245 Seaview Ave)

Sales History

DateSold BySold ToDeed TypePrice
06/15/1989 Not Recorded Buyer: 1008137 Warranty Deed/Special Warranty Deed 73,500.00
07/01/2013 Seller: 1008137 Buyer: 1008137 Unknown 100.00
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.