3930 Peters Dr is a 1,386 sq ft Single Family in Panama City. It was built in 1973. 3930 Peters Dr sits on 0.22 acres of land. In 2015 similar properties sold for between $59,949 and $130,045. We estimate the income value of 3930 Peters Dr at $65,500. The assumptions we used to calculate this value are include in the spreadsheet linked below. Panama City is in Bay County, Florida.

3930 Peters Dr Property Summary

3930 Peters Dr
Panama City
FL 32405

Property Size:1,386 sq ft
Acreage:0.22
Year Built:1973
Property Class:B3
Lat, Long: 30.185, -85.712

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 3930 Peters Dr, Panama City, FL 32405
Estimated Value: 3930 Peters Dr

Market Data

In 2015 class A single family properties in Panama City sold for $96.76 to 350.24 per sq ft with a median price per sq ft of $113.44. Class B properties sold for $44.60 to 96.75 per sq ft with a median of $76.19 and class C properties sold for $10.32 to 44.59 per sq ft with a median of $37.24.

Market Valuation

3930 Peters Dr appears to be a B Class property. Suggested value: $102,410

HighMedianLow
Value130,045 102,410 59,949

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $65,500. 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 3930 Peters Dr:

  • The Household Income estimate assumes the tenant has a total household income of $35,061 and spends 31% 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 $906
Household Income - Renters $1,013
Market Rents $907
Price/Ft $1,200

Expense Estimates:

  • Census data records show 18% 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 3930 Peters Dr. 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 Rent907
Annual Rent per Sq Ft8.00
Gross Annual Rent10,882
Vacancies and Bad Debt23%
Vacancies and Bad Debt Amount2,503
Maintenance721
HOA, Utilities and CAM0
Property Taxes985
Insurance1,000
Management Fees1,088
NOI4,585
Cap Rate7
Estimated Value65,500
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 $57,128. The bottom 10% of the population earn less than $18,447 per year. The top 10% earn more than $136,019 per year. The top 1% earn more than $426,588 per year. Most renters earn between $29,172 (20th percentile) and $54,264 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $114,256 and $142,820.

The tax assessed value of this property places it in percentile 27 of all properties in this area. This suggests it would appeal to someone earning around $35,061 per year who should qualify for a mortgage between $70,122 and $87,653.

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 $937. Most renters earn between $2,431 and $4,522 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $665 (20th percentile) to $1,275 (80th percentile) range. The residential vacancy rate is 18%.

This property falls in percentile 27 of all properties in this area. This corresponds to a rent of $727 per month and a monthly household income of $2,693 ($32,316 per year)

Links

  1. 3930 Peters Dr, Panama City, FL on Zillow
  2. Recent Sales near 3930 Peters Dr, Panama City, FL on Realtor.com
  3. 3930 Peters Dr, Panama City, FL on Google Maps
  4. 3930 Peters Dr Walkscore
  5. Panama City, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Holmes Flooring Services , LLC (3952 Peters Dr)
  2. Easy Rider Capital Group, LLC (3934 W 21st St)
  3. Brown Interior Remodeling LLC (2001 Pritchard St)
  4. Liquid Blue Adventures LLC (2008 Pritchard St)
  5. B.R. Rentals LLC (2008 Pritchard St)
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.