3803 Tangier St, Sebring

3803 Tangier St is a 2,219 sq ft Single Family in Sebring. It was built in 1984. 3803 Tangier St sits on 0.23 acres of land. In 2015 similar properties sold for between $99,517 and $174,340. We estimate the income value of 3803 Tangier St at $49,671. The assumptions we used to calculate this value are include in the spreadsheet linked below. Sebring is in Highlands County, Florida.

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3803 Tangier St Property Summary

3803 Tangier St
Sebring
FL 33872

Property Size:2,219 sq ft
Acreage:0.23
Year Built:1984
Property Class:B3
Lat, Long: 27.531, -81.504

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 3803 Tangier St, Sebring, FL 33872
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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: 3803 Tangier St

Market Data

In 2015 class A single family properties in Sebring sold for $68.14 to 970.32 per sq ft with a median price per sq ft of $77.99. Class B properties sold for $38.89 to 68.13 per sq ft with a median of $53.06 and class C properties sold for $10.19 to 38.88 per sq ft with a median of $32.35.

Market Valuation

3803 Tangier St appears to be a B Class property. Suggested value: $135,777

HighMedianLow
Value174,340 135,777 99,517

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $49,671. 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 3803 Tangier St:

  • The Household Income estimate assumes the tenant has a total household income of $38,647 and spends 32% 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 $1,031
Household Income - Renters $822
Market Rents $764
Price/Ft $2,225

Expense Estimates:

  • Census data records show 11% 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 3803 Tangier St. 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 Rent764
Annual Rent per Sq Ft4.00
Gross Annual Rent9,162
Vacancies and Bad Debt16%
Vacancies and Bad Debt Amount1,466
Maintenance1,154
HOA, Utilities and CAM0
Property Taxes937
Insurance1,212
Management Fees916
NOI3,477
Cap Rate7
Estimated Value49,671
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.

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 $44,029. The bottom 10% of the population earn less than $15,516 per year. The top 10% earn more than $109,632 per year. The top 1% earn more than $372,033 per year. Most renters earn between $21,636 (20th percentile) and $39,204 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $88,058 and $110,073.

The tax assessed value of this property places it in percentile 43 of all properties in this area. This suggests it would appeal to someone earning around $38,647 per year who should qualify for a mortgage between $77,294 and $96,618.

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 $727. Most renters earn between $1,803 and $3,267 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $494 (20th percentile) to $1,009 (80th percentile) range. The residential vacancy rate is 11%.

This property falls in percentile 43 of all properties in this area. This corresponds to a rent of $678 per month and a monthly household income of $2,317 ($27,804 per year)

Links

  1. 3803 Tangier St, Sebring, FL on Zillow
  2. Recent Sales near 3803 Tangier St, Sebring, FL on Realtor.com
  3. 3803 Tangier St, Sebring, FL on Google Maps
  4. 3803 Tangier St Walkscore
  5. Sebring, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Best Cleaning And More LLC (3807 Santiago St)
  2. Highlands County Concert Band, Inc. (3820 Tangier St)
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.