2568 Glenn Ave is a 1,623 sq ft Single Family in Rockledge. It was built in 1962. 2568 Glenn Ave sits on 0.20 acres of land. In 2015 similar properties sold for between $20,271 and $122,455. We estimate the income value of 2568 Glenn Ave at $48,367. The assumptions we used to calculate this value are include in the spreadsheet linked below. Rockledge is in Brevard County, Florida.

2568 Glenn Ave Property Summary

2568 Glenn Ave
Rockledge
FL 32955

Property Size:1,623 sq ft
Acreage:0.20
Bedrooms:3.00
Bathrooms:2.00
Year Built:1962
Property Class:C2
Lat, Long: 28.314, -80.744

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.

2568 Glenn Ave, Rockledge, FL 32955
Estimated Value: 2568 Glenn Ave

Market Data

In 2015 class A single family properties in Rockledge sold for $125.00 to 269.46 per sq ft with a median price per sq ft of $144.97. Class B properties sold for $75.46 to 124.99 per sq ft with a median of $101.58 and class C properties sold for $12.49 to 75.45 per sq ft with a median of $62.75.

Market Valuation

2568 Glenn Ave appears to be a C Class property. Suggested value: $101,843

HighMedianLow
Value122,455 101,843 20,271

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $48,367. 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 2568 Glenn Ave:

  • The Household Income estimate assumes the tenant has a total household income of $45,589 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 $1,216
Household Income - Renters $985
Market Rents $836
Price/Ft $849

Expense Estimates:

  • Census data records show 10% 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 2568 Glenn Ave. 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 Rent836
Annual Rent per Sq Ft6.00
Gross Annual Rent10,030
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount1,504
Maintenance844
HOA, Utilities and CAM0
Property Taxes1,192
Insurance1,134
Management Fees1,003
NOI4,353
Cap Rate9
Estimated Value48,367
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 $62,468. The bottom 10% of the population earn less than $20,497 per year. The top 10% earn more than $145,332 per year. The top 1% earn more than $390,929 per year. Most renters earn between $28,824 (20th percentile) and $50,820 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $124,936 and $156,170.

The tax assessed value of this property places it in percentile 33 of all properties in this area. This suggests it would appeal to someone earning around $45,589 per year who should qualify for a mortgage between $91,178 and $113,973.

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 $871. Most renters earn between $2,402 and $4,235 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $635 (20th percentile) to $1,227 (80th percentile) range. The residential vacancy rate is 10%.

This property falls in percentile 33 of all properties in this area. This corresponds to a rent of $738 per month and a monthly household income of $2,714 ($32,568 per year)

Links

  1. 2568 Glenn Ave, Rockledge, FL on Zillow
  2. Recent Sales near 2568 Glenn Ave, Rockledge, FL on Realtor.com
  3. 2568 Glenn Ave, Rockledge, FL on Google Maps
  4. 2568 Glenn Ave Walkscore
  5. Rockledge, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Buildings

BuildingYear BuiltSizeUsageFeatures
Building 1 1962 1,623.00 Single Family Residence Stucco Exterior, Masonry Concete Frame, Asph/Asb Shngl Roof, Hip/Gable Roof, Car Port,

Owner Details

Companies near this Address

  1. Express Electric Inc. (1035 Lee Ave)
  2. Ward'S Home Repair, Maintenance And Pressure Washing, Inc. (1005 Mercury Ln)

Sales History

DateSold BySold ToDeed TypePrice
04/30/1962 Seller: 302030 Buyer: 116692 Warranty Deed/Special Warranty Deed 0.00
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.