2327 Waterfall Dr, Spring Hill

Usage

Single Family

Address:

2327 Waterfall Dr
Spring Hill
FL 34608

Property Size:2,172 sq ft
Acreage:0.22
Year Built:2001
Property Class:B3
Latitude:28.466
Longitude:-82.574

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.

Contact us if you want to buy or sell real estate in Spring Hill:

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Estimated Value: 2327 Waterfall Dr

Market Data

In 2013 class A single family properties in Spring Hill sold for $45.78 to 203.36 per sq ft with a median price per sq ft of $54.07. Class B properties sold for $27.23 to 45.77 per sq ft with a median of $36.11 and class C properties sold for $10.24 to 27.22 per sq ft with a median of $24.04.

Market Valuation

2327 Waterfall Dr appears to be a B Class property. Suggested value: $75,811

HighMedianLow
Value96,092 75,811 57,168

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $61,829. 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 2327 Waterfall Dr:

  • The Household Income estimate assumes the tenant has a total household income of $43,343 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 $1,192
Household Income - Renters $869
Market Rents $808
Price/Ft $2,013

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 2327 Waterfall Dr. 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 Rent808
Annual Rent per Sq Ft4.00
Gross Annual Rent9,702
Vacancies and Bad Debt12%
Vacancies and Bad Debt Amount1,164
Maintenance1,129
HOA, Utilities and CAM0
Property Taxes1,028
Insurance1,083
Management Fees970
NOI4,328
Cap Rate7
Estimated Value61,829
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.

Hernando County, Florida

Hernando County is in the Tampa Bay region of Florida. The main cities in Hernando County are Spring Hill (population 98,621), Brooksville (population 7,719) and Nobleton (population 282)

[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 $52,282. The bottom 10% of the population earn less than $18,864 per year. The top 10% earn more than $115,282 per year. The top 1% earn more than $379,965 per year. Most renters earn between $25,920 (20th percentile) and $43,452 (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 $873. Most renters earn between $2,160 and $3,621 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $655 (20th percentile) to $1,133 (80th percentile) range. The residential vacancy rate is 7%.

Links

  1. 2327 Waterfall Dr, Spring Hill, FL on Zillow
  2. Recent Sales near 2327 Waterfall Dr, Spring Hill, FL on Realtor.com
  3. 2327 Waterfall Dr, Spring Hill, FL on Google Maps
  4. Spring Hill, FL Property Values on Trulia
  5. Demographic Data for Zipcode 34608 from City-Data.com
  6. Spring Hill Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 34608 Zipcode

Owner Details

Companies near this Address

  1. Jackie King, P.A. (2297 Waterfall Dr)
  2. Academic Advantage Group, Inc. (2336 Waterfall Dr)
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.