242 Pelican Ave, Daytona Beach

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.

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242 Pelican Ave Property Summary

242 Pelican Ave
& 244
Daytona Beach
FL 32118

Property Size:2,016 sq ft
Year Built:1928
Property Class:B3
Lat, Long: 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.

Google Street View  of 242  Pelican Ave, Daytona Beach, FL 32118
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Estimated Value: 242 Pelican Ave

Market Data

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.

Market Valuation

242 Pelican Ave appears to be a B Class property. Suggested value: $173,729

Value248,697 173,729 103,279

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $21,186. 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 $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 ModelMonthly Rent
Household Income - All Households $2,176
Household Income - Renters $848
Market Rents $781
Price/Ft $2,224

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.

Monthly Rent781
Annual Rent per Sq Ft5.00
Gross Annual Rent9,372
Vacancies and Bad Debt10%
Vacancies and Bad Debt Amount937
HOA, Utilities and CAM0
Property Taxes3,301
Management Fees937
Cap Rate7
Estimated Value21,186
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.

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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

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 $97,296 and $121,620.

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 $141,164 and $176,455.

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 between $1,966 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)


  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. 242 Pelican Ave Walkscore
  5. Daytona Beach, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. This Child Here, Inc. (245 Seaview Ave)
  2. Jim'S Clean & Clear Pool Service, Inc. (215 Pelican 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.