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
Palm Bay
FL 32907

Property Size:1,298 sq ft
Year Built:1974
Property Class:C2
Lat, Long: 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.

Google Street View  of 511 Violet Ave Ne, Palm Bay, FL 32907
Estimated Value: 511 Violet Ave Ne

Market Data

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.

Market Valuation

511 Violet Ave Ne appears to be a C Class property. Suggested value: $78,959

Value88,854 78,959 14,310

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $8,567. 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:

  • The 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 ModelMonthly Rent
Household Income - All Households $638
Household Income - Renters $664
Market Rents $383
Price/Ft $850

Expense Estimates:

  • 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 Google Drive.

Monthly Rent383
Annual Rent per Sq Ft4.00
Gross Annual Rent4,594
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount597
HOA, Utilities and CAM0
Property Taxes1,124
Management Fees459
Cap Rate9
Estimated Value8,567
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 $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 $131,992 and $164,990.

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 $46,434 and $58,043.

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 between $2,361 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)


  1. 511 Violet Ave Ne, Palm Bay, FL on Zillow
  2. Recent Sales near 511 Violet Ave Ne, Palm Bay, FL on Realtor.com
  3. 511 Violet Ave Ne, Palm Bay, FL on Google Maps
  4. 511 Violet Ave Ne Walkscore
  5. Palm Bay, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites


BuildingYear BuiltSizeUsageFeatures
Building 1 1974 1,298.00 Single Family Residence Stucco Exterior, Masonry Concete Frame, Asph/Asb Shngl Roof, Hip/Gable Roof, Car Port,

Owner Details

Companies near this Address

  1. Luminance Electronics, Inc. (493 Eldron Blvd Ne)
  2. Serenity Lifestyle Plus Limited Liability Company (490 Brighton Ave)
  3. Serenity Lifestyle Plus Holdings LLC (490 Brighton Ave)
  4. Top Care Wash LLC (516 Audubon Ave)
  5. G.R.E.A.Y Enterprises, LLC. (401 Americana Blvd Ne)
  6. F&G Soffit And Siding LLC (557 Audubon Ave)

Sales History

DateSold BySold ToDeed TypePrice
07/09/2002 Seller: 233589 Buyer: 713885 Warranty Deed/Special Warranty Deed 65,000.00
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.