511 Violet Ave Ne is a 1,298 sq ft Single Family in Palm Bay.
It was built in 1974. 511 Violet Ave Ne sits on 0.23 acres of land. In 2016 similar properties sold for between $14,310 and $88,854. We estimate the income value of 511 Violet Ave Ne at $8,567. The assumptions we used to calculate this value are include in the spreadsheet linked below. Palm Bay is in Brevard County, Florida.
511 Violet Ave Ne Property Summary
511 Violet Ave Ne
Property Size: 1,298 sq ft
Year Built: 1974
Property Class: C2
28.010, -80.661 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.
Estimated Value: 511 Violet Ave Ne
In 2016 class A single family properties in Palm Bay sold for $100.06 to
310.90 per sq ft with a median price per sq ft of
$110.30. Class B properties sold for $66.82 to
100.05 per sq ft with a median of
$86.09 and class C properties sold for $10.76 to
66.81 per sq ft with a median of $59.37.
511 Violet Ave Ne appears to be a C Class property. Suggested value: $78,959
High Median Low
Income Valuation - Residential/Gross Lease
Visulate estimates the income value of this property is
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 511 Violet Ave Ne:
Household Income estimate assumes the
tenant has a total household income of $23,217 and spends 33% 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 Model Monthly Rent Household Income - All Households $638 Household Income - Renters $664 Market Rents $383 Price/Ft $850
Census data records show 8% 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 511 Violet Ave Ne.
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
Monthly Rent 383
Annual Rent per Sq Ft 4.00
Gross Annual Rent 4,594
Vacancies and Bad Debt 13%
Vacancies and Bad Debt Amount 597
HOA, Utilities and CAM 0
Property Taxes 1,124
Management Fees 459
Cap Rate 9
Estimated Value 8,567
Edit Values and Estimate Cashflow
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Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.
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Local Household Income
The median household income in this part of Florida is $65,996.
The bottom 10% of the population earn less than $23,217 per year.
The top 10% earn more than $150,879 per year. The top 1%
earn more than $414,648 per year.
Most renters earn
between $28,332 (20th percentile)
and $50,268 (80th percentile) per year.
Someone earning the median household income in this area is likely to qualify for a mortgage between
The tax assessed value of this property
places it in percentile 10 of all properties in this area.
This suggests it would appeal to someone earning
around $23,217 per year who should qualify for a mortgage between
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 $847.
Most renters earn
and $4,189 per month.
They typically spend 33% of their monthly income on rent.
Most rents fall in the $608 (20th percentile)
to $1,140 (80th percentile) range.
The residential vacancy rate is 8%.
This property falls in percentile 10 of all properties in this area. This corresponds to a rent of $482 per month and a monthly household income of $2,107
($25,284 per year)
511 Violet Ave Ne, Palm Bay, FL on Zillow
Recent Sales near 511 Violet Ave Ne, Palm Bay, FL on Realtor.com
511 Violet Ave Ne, Palm Bay, FL on Google Maps
511 Violet Ave Ne Walkscore
Palm Bay, FL Property Values on Trulia
Search for EPA and DEP Cleanup Sites
Building Year Built Size Usage Features
Single Family Residence
Masonry Concete Frame,
Asph/Asb Shngl Roof,
Companies near this Address
Luminance Electronics, Inc.
( 493 Eldron Blvd Ne)
Serenity Lifestyle Plus Limited Liability Company
(490 Brighton Ave)
Serenity Lifestyle Plus Holdings LLC
(490 Brighton Ave)
Allpro Painting & Home Repairs, Inc.
( 532 Burlington Ave Ne)
G.R.E.A.Y Enterprises, LLC.
(401 Americana Blvd Ne)
F&G Soffit And Siding LLC
(557 Audubon Ave)
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.