3062 Raines St is a 2,272 sq ft Single Family in Pensacola. It was built in 1979. 3062 Raines St sits on 0.22 acres of land. In 2016 similar properties sold for between $103,992 and $215,257. We estimate the income value of 3062 Raines St at $88,286. The assumptions we used to calculate this value are include in the spreadsheet linked below. Pensacola is in Escambia County, Florida.

3062 Raines St Property Summary

3062 Raines St
FL 32514

Property Size:2,272 sq ft
Year Built:1979
Property Class:B4
Lat, Long: 30.506, -87.200

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 3062 Raines St, Pensacola, FL 32514
Estimated Value: 3062 Raines St

Market Data

In 2016 class A single family properties in Pensacola sold for $84.05 to 967.52 per sq ft with a median price per sq ft of $102.51. Class B properties sold for $40.60 to 84.04 per sq ft with a median of $65.23 and class C properties sold for $10.06 to 40.59 per sq ft with a median of $33.13.

Market Valuation

3062 Raines St appears to be a B Class property. Suggested value: $167,078

Value215,257 167,078 103,992

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $88,286. 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 3062 Raines St:

  • The Household Income estimate assumes the tenant has a total household income of $87,115 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 $2,323
Household Income - Renters $1,318
Market Rents $1,165
Price/Ft $2,225

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 3062 Raines 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.

Monthly Rent1,165
Annual Rent per Sq Ft6.00
Gross Annual Rent13,978
Vacancies and Bad Debt14%
Vacancies and Bad Debt Amount1,957
HOA, Utilities and CAM0
Property Taxes1,901
Management Fees1,398
Cap Rate7
Estimated Value88,286
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 $63,573. The bottom 10% of the population earn less than $21,197 per year. The top 10% earn more than $140,614 per year. The top 1% earn more than $421,161 per year. Most renters earn between $28,908 (20th percentile) and $51,204 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $127,146 and $158,933.

The tax assessed value of this property places it in percentile 69 of all properties in this area. This suggests it would appeal to someone earning around $87,115 per year who should qualify for a mortgage between $174,230 and $217,788.

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 $879. Most renters earn between $2,409 and $4,267 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $632 (20th percentile) to $1,220 (80th percentile) range. The residential vacancy rate is 9%.

This property falls in percentile 69 of all properties in this area. This corresponds to a rent of $1,070 per month and a monthly household income of $3,739 ($44,868 per year)


  1. 3062 Raines St, Pensacola, FL on Zillow
  2. Recent Sales near 3062 Raines St, Pensacola, FL on Realtor.com
  3. 3062 Raines St, Pensacola, FL on Google Maps
  4. 3062 Raines St Walkscore
  5. Pensacola, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Centered Community Care, LLC. (7699 Charter Oaks 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.