8027 St James Way, Mount Dora Fl

8027 St James Way is a 2,036 sq ft Single Family in Mount Dora Fl. It was built in 2003. 8027 St James Way sits on 0.17 acres of land. In 2016 similar properties sold for between $165,771 and $248,840. We estimate the income value of 8027 St James Way at $188,057. The assumptions we used to calculate this value are include in the spreadsheet linked below. Mount Dora Fl is in Lake County, Florida.

8027 St James Way Property Summary

8027 St James Way
 Mount Dora Fl
FL 32757
Property Size:2,036 sq ft
Acreage:0.17
Year Built:2003
Property Class:B4
Lat, Long: 28.823, -81.612

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 8027 St James Way, Mount Dora Fl, FL 32757
Estimated Value: 8027 St James Way

Market Data

In 2016 class A single family properties in Mount Dora Fl sold for $122.23 to 260.91 per sq ft with a median price per sq ft of $141.90. Class B properties sold for $81.42 to 122.22 per sq ft with a median of $101.85 and class C properties sold for $10.14 to 81.41 per sq ft with a median of $72.98.

Market Valuation

8027 St James Way appears to be a B Class property. Suggested value: $207,367

HighMedianLow
Value248,840 207,367 165,771

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $188,057. 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 8027 St James Way:

  • The Household Income estimate assumes the tenant has a total household income of $107,303 and spends 34% 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 $3,040
Household Income - Renters $2,025
Market Rents $2,132
Price/Ft $2,224

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 8027 St James Way. 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 Rent2,132
Annual Rent per Sq Ft13.00
Gross Annual Rent25,579
Vacancies and Bad Debt16%
Vacancies and Bad Debt Amount4,093
Maintenance1,059
HOA, Utilities and CAM0
Property Taxes3,594
Insurance1,111
Management Fees2,558
NOI13,164
Cap Rate7
Estimated Value188,057
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 $54,508. The bottom 10% of the population earn less than $19,472 per year. The top 10% earn more than $126,999 per year. The top 1% earn more than $446,344 per year. Most renters earn between $26,532 (20th percentile) and $49,788 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $109,016 and $136,270.

The tax assessed value of this property places it in percentile 85 of all properties in this area. This suggests it would appeal to someone earning around $107,303 per year who should qualify for a mortgage between $214,606 and $268,258.

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 $890. Most renters earn between $2,211 and $4,149 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $655 (20th percentile) to $1,270 (80th percentile) range. The residential vacancy rate is 11%.

This property falls in percentile 85 of all properties in this area. This corresponds to a rent of $1,445 per month and a monthly household income of $4,494 ($53,928 per year)

Links

  1. 8027 St James Way, Mount Dora Fl, FL on Zillow
  2. Recent Sales near 8027 St James Way, Mount Dora Fl, FL on Realtor.com
  3. 8027 St James Way, Mount Dora Fl, FL on Google Maps
  4. 8027 St James Way Walkscore
  5. Mount Dora Fl, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. C G C Kilfoyle Inc. (8033 Saint James Way)
  2. Sydolin Inc (8024 Saint James Way)
  3. Florida Central Home Inspections, LLC (8011 St James Way)
  4. Omni Family Medicine, LLC (8030 Saint James Way)
  5. Advanced Consulting Technologies, Inc. (8040 St James Way)

Sales History

DateSold BySold ToDeed TypePrice
07/01/2012 Not Recorded Buyer: 7363884 Unknown 100.00
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.