1945 Monroe St is a 1,782 sq ft Single Family in Hollywood. It was built in 1935. 1945 Monroe St sits on 0.13 acres of land. In 2015 similar properties sold for between $13,166 and $138,199. We estimate the income value of 1945 Monroe St at $19,156. The assumptions we used to calculate this value are include in the spreadsheet linked below. Hollywood is in Broward County, Florida.

1945 Monroe St Property Summary

1945 Monroe St
Hollywood
FL 33020

Property Size:1,782 sq ft
Acreage:0.13
Year Built:1935
Property Class:C2
Lat, Long: 26.008, -80.146

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 1945 Monroe St, Hollywood, FL 33020
Estimated Value: 1945 Monroe St

Market Data

In 2015 class A single family properties in Hollywood sold for $158.98 to 958.70 per sq ft with a median price per sq ft of $174.69. Class B properties sold for $106.24 to 158.97 per sq ft with a median of $135.66 and class C properties sold for $10.12 to 106.23 per sq ft with a median of $95.01.

Market Valuation

1945 Monroe St appears to be a C Class property. Suggested value: $123,602

HighMedianLow
Value138,199 123,602 13,166

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $19,156. 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 1945 Monroe St:

  • The Household Income estimate assumes the tenant has a total household income of $41,309 and spends 38% 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 $1,308
Household Income - Renters $922
Market Rents $833
Price/Ft $849

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 1945 Monroe 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 Rent833
Annual Rent per Sq Ft6.00
Gross Annual Rent9,998
Vacancies and Bad Debt12%
Vacancies and Bad Debt Amount1,200
Maintenance927
HOA, Utilities and CAM0
Property Taxes4,080
Insurance1,067
Management Fees1,000
NOI1,724
Cap Rate9
Estimated Value19,156
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 $52,730. The bottom 10% of the population earn less than $15,713 per year. The top 10% earn more than $139,950 per year. The top 1% earn more than $421,659 per year. Most renters earn between $27,744 (20th percentile) and $50,700 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $105,460 and $131,825.

The tax assessed value of this property places it in percentile 39 of all properties in this area. This suggests it would appeal to someone earning around $41,309 per year who should qualify for a mortgage between $82,618 and $103,273.

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 $1,055. Most renters earn between $2,312 and $4,225 per month. They typically spend 38% of their monthly income on rent. Most rents fall in the $789 (20th percentile) to $1,495 (80th percentile) range. The residential vacancy rate is 7%.

This property falls in percentile 39 of all properties in this area. This corresponds to a rent of $947 per month and a monthly household income of $2,742 ($32,904 per year)

Links

  1. 1945 Monroe St, Hollywood, FL on Zillow
  2. Recent Sales near 1945 Monroe St, Hollywood, FL on Realtor.com
  3. 1945 Monroe St, Hollywood, FL on Google Maps
  4. 1945 Monroe St Walkscore
  5. Hollywood, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Yomeir Heights Inc (1938 Jackson St)
  2. The Barclay Arms Condominum Apartments, Inc. (1943 Monroe St)
  3. Bona Fortuna Condominium Apts., Inc. (1937 Jackson St)
  4. Arlyn Services Star Corp (1925 Monroe St)
  5. A. B. C. Tank Lines, LLC (1921 Monroe St)
  6. Mma Hauling Inc (1925 Monroe St)
  7. Invest Concept Usa LLC (1915 Monroe Street #2)
  8. Premier Image Pool Care LLC (1915 Monroe St)
  9. 2238 Arthur Street, LLC (1912 Monroe St Unit 306)
  10. Saymax Comunicaciones LLC (2000 Monroe St)
  11. Gmk Sales LLC (2000 Monroe St)
  12. Argentina E. Mccormack, Pa (434 S 20th Ave)
  13. Tecko LLC (2008 Jackson St D4)
  14. C J Restoration Inc. (2008 Jackson St)
  15. Tall Gypsy, LLC (1990 Jackson St)
  16. Pixelium Digital Imaging Inc. (1990 Jackson St)
  17. Pier 43 Condominium Association, Inc. (2008 Jackson St)
  18. First Romanian Baptist Church Of Florida, Inc. (1950 Van Buren St)
  19. Road Runner 1992 Inc. (2015 Monroe St)
  20. Df Loan Services LLC (2032 Monroe St)
  21. South Mountain Media LLC (2019 Jackson St)
  22. Monroe Garden Apts Inc (1915 Monroe St)
  23. Delta Sales & Capital Corporation (1915 Monroe St)
  24. Rebalance Management Group, LLC (1912 Monroe St)
  25. Palm Haven Towers Condominium, Inc. (1912 Monroe St)
  26. Bliss Life LLC (1912 Monroe St)
  27. Bavaria Apartments, Inc. (1930 Jackson St)
  28. Dean Michaels Entertainment, LLC (1930 Jackson St)
  29. Cardenas Rentals LLC (2009 Monroe St)

Sales History

DateSold BySold ToDeed TypePrice
11/01/2011 Not Recorded Buyer: 7442934 Unknown 96,000.00
03/01/2014 Seller: 7442934 Buyer: 9642566 Unknown 230,000.00
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.