5550 Ortega Park Blvd, Jacksonville

Usage

Single Family

Address:

5550 Ortega Park Blvd
Jacksonville
FL 32244

Property Size:1,683 sq ft
Acreage:0.15
Year Built:2003
Property Class:B3
Latitude:30.220
Longitude:-81.726

Not Offered for Sale

Our records indicate this property is not currently for sale 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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Duval County, Florida

Duval County is in the northeastern Florida region. The current largest industries are trade, transportation, and utilities; professional and business services; and education and health services. Target industries for Duval County are advanced manufacturing, aviation and aerospace, finance and insurance services, headquarters, and information technology. Duval County is home to Jacksonville, one of Florida's largest cities. Jacksonville houses the Naval Air Station Jacksonville, which brings many government jobs to the area. The University of North Florida is also located in Jacksonville.

Major private sector employers for Duval County are Baptist Health, Blue Cross Blue Shield of Florida, Mayo Clinic, Citi, and CSX. The largest public sector employers are Naval Air Station Jacksonville, Duval County Public Schools, Mayport Naval Station, and the City of Jacksonville.

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Links

  1. 5550 Ortega Park Blvd, Jacksonville, FL on Zillow
  2. Recent Sales near 5550 Ortega Park Blvd, Jacksonville, FL on Realtor.com
  3. 5550 Ortega Park Blvd, Jacksonville, FL on Google Maps
  4. Jacksonville, FL Property Values on Trulia
  5. Demographic Data for Zipcode 32244 from City-Data.com
  6. Jacksonville Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 32244 Zipcode

Owner Details

Duval County Real Estate - Jacksonville

Jacksonville

Jacksonville is Florida's largest city by population and the largest city in the contingent United States by area. Jacksonville is located in the North of Florida, about 25 miles south of Georgia. Jacksonville contains the largest deepwater port in the south (the second largest port on US East Coast). Jacksonville is also home to numerous military facilities and has the 3rd largest naval presence in the county as a result of Naval Submarine Base Kings Bay being located nearby. The military is Jacksonville's largest employer by far and has an estimated $6.1 billion economic impact annually. Top employers for Jacksonville are Naval Air Station Jacksonville, Duval County Public Schools, Naval Station Mayport, City of Jacksonville, and Baptist Health.

Jacksonville is in North Eastern Florida. It's population as recorded in the 2010 Census was 821,784.

The median age for residents of Jacksonville is 35.5. Around 33.4% of Jacksonville households include school aged children and 20.9% of households include individuals aged 65 years or over. Census records indicate 59.4% of the Jacksonville population are White, 30.7% are Black or African American, .3% American Indian, 4.2% Asian and 2.8% are Two or more Races.

There are 366,273 housing units in Jacksonville. 43,167 (11.7%) of these were reported as vacant in the 2010 Census. There are 144,146 residential rental units in Jacksonville. 123,728 of them were occupied in 2010 providing a residential rental vacancy rate of 13.8%.

Jacksonville links:

Local Household Income

The median household income in this part of Florida is $59,159. The bottom 10% of the population earn less than $18,749 per year. The top 10% earn more than $129,065 per year. The top 1% earn more than $451,414 per year. Most renters earn between $30,180 (20th percentile) and $51,972 (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 $915. Most renters earn between $2,515 and $4,331 per month. They typically spend 30% of their monthly income on rent. Most rents fall in the $663 (20th percentile) to $1,186 (80th percentile) range. The residential vacancy rate is 9%.

Estimated Value: 5550 Ortega Park Blvd

Market Data

In 2013 class A single family properties in Jacksonville sold for $78.40 to 956.57 per sq ft with a median price per sq ft of $95.74. Class B properties sold for $33.12 to 78.39 per sq ft with a median of $54.82 and class C properties sold for $10.01 to 33.11 per sq ft with a median of $27.09.

Market Valuation

5550 Ortega Park Blvd appears to be a B Class property. Suggested value: $78,269

HighMedianLow
Value111,921 78,269 47,287

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $73,029. 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 5550 Ortega Park Blvd:

  • The Household Income estimate assumes the tenant has a total household income of $59,159 and spends 30% 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 $1,479
Household Income - Renters $1,000
Market Rents $915
Price/Ft $1,198

Expense Estimates:

  • Census data records show 9% 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 5550 Ortega Park Blvd. 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 Rent915
Annual Rent per Sq Ft7.00
Gross Annual Rent10,976
Vacancies and Bad Debt14%
Vacancies and Bad Debt Amount1,537
Maintenance875
HOA, Utilities and CAM0
Property Taxes1,505
Insurance849
Management Fees1,098
NOI5,112
Cap Rate7
Estimated Value73,029
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.

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.