2155 Matthews Rd, Big Pine Key

2155 Matthews Rd is a 1,820 sq ft Single Family in Big Pine Key. It was built in 1980. 2155 Matthews Rd sits on 0.36 acres of land. In 2014 similar properties sold for between $397,051 and $619,037. We estimate the income value of 2155 Matthews Rd at $109,029. The assumptions we used to calculate this value are include in the spreadsheet linked below. Big Pine Key is in Monroe County, Florida.

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2155 Matthews Rd Property Summary

2155 Matthews Rd
Big Pine Key
FL 33043

Property Size:1,820 sq ft
Acreage:0.36
Year Built:1980
Property Class:B3
Lat, Long: 24.704, -81.352

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 2155 Matthews Rd, Big Pine Key, FL 33043
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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: 2155 Matthews Rd

Market Data

In 2014 class A single family properties in Big Pine Key sold for $340.14 to 749.68 per sq ft with a median price per sq ft of $377.41. Class B properties sold for $218.16 to 340.13 per sq ft with a median of $297.19 and class C properties sold for $36.55 to 218.15 per sq ft with a median of $190.59.

Market Valuation

2155 Matthews Rd appears to be a B Class property. Suggested value: $540,886

HighMedianLow
Value619,037 540,886 397,051

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $109,029. 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 2155 Matthews Rd:

  • The Household Income estimate assumes the tenant has a total household income of $146,613 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 $4,521
Household Income - Renters $2,105
Market Rents $2,020
Price/Ft $1,570

Expense Estimates:

  • Census data records show 10% 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 2155 Matthews Rd. 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 Rent2,020
Annual Rent per Sq Ft13.00
Gross Annual Rent24,245
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount3,637
Maintenance946
HOA, Utilities and CAM0
Property Taxes7,172
Insurance2,434
Management Fees2,424
NOI7,632
Cap Rate7
Estimated Value109,029
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 $60,915. The bottom 10% of the population earn less than $15,916 per year. The top 10% earn more than $169,047 per year. The top 1% earn more than $536,282 per year. Most renters earn between $27,132 (20th percentile) and $59,712 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $121,830 and $152,288.

The tax assessed value of this property places it in percentile 87 of all properties in this area. This suggests it would appeal to someone earning around $146,613 per year who should qualify for a mortgage between $293,226 and $366,533.

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 $1,198. Most renters earn between $2,261 and $4,976 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $771 (20th percentile) to $1,780 (80th percentile) range. The residential vacancy rate is 10%.

This property falls in percentile 87 of all properties in this area. This corresponds to a rent of $2,020 per month and a monthly household income of $5,688 ($68,256 per year)

Links

  1. 2155 Matthews Rd, Big Pine Key, FL on Zillow
  2. Recent Sales near 2155 Matthews Rd, Big Pine Key, FL on Realtor.com
  3. 2155 Matthews Rd, Big Pine Key, FL on Google Maps
  4. 2155 Matthews Rd Walkscore
  5. Big Pine Key, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

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.