615 Morgan Ave is a 6,146 sq ft Single Family in Chattahoochee.
It was built in 1957. 615 Morgan Ave sits on 8.00 acres of land. In 2016 similar properties sold for between $100,241 and $268,765. We estimate the income value of 615 Morgan Ave at $34,243. The assumptions we used to calculate this value are include in the spreadsheet linked below. Chattahoochee is in Gadsden County, Florida.
615 Morgan Ave Property Summary
615 Morgan Ave
Property Size: 6,146 sq ft
Year Built: 1957
Property Class: B3
30.698, -84.846 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: 615 Morgan Ave
In 2016 class A single family properties in Chattahoochee sold for $43.74 to
636.42 per sq ft with a median price per sq ft of
$49.88. Class B properties sold for $16.31 to
43.73 per sq ft with a median of
$34.52 and class C properties sold for $10.67 to
16.30 per sq ft with a median of $14.29.
615 Morgan Ave appears to be a B Class property. Suggested value: $212,160
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 615 Morgan Ave:
Household Income estimate assumes the
tenant has a total household income of $200,877 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 Model Monthly Rent Household Income - All Households $5,189 Household Income - Renters $1,343 Market Rents $1,234 Price/Ft $2,223
Census data records show 7% 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 615 Morgan 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
Monthly Rent 1,234
Annual Rent per Sq Ft 2.00
Gross Annual Rent 14,807
Vacancies and Bad Debt 12%
Vacancies and Bad Debt Amount 1,777
HOA, Utilities and CAM 0
Property Taxes 2,663
Management Fees 1,481
Cap Rate 7
Estimated Value 34,243
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 $63,475.
The bottom 10% of the population earn less than $18,639 per year.
The top 10% earn more than $153,050 per year. The top 1%
earn more than $440,122 per year.
Most renters earn
between $25,284 (20th percentile)
and $50,892 (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 95 of all properties in this area.
This suggests it would appeal to someone earning
around $200,877 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 $830.
Most renters earn
and $4,241 per month.
They typically spend 31% of their monthly income on rent.
Most rents fall in the $543 (20th percentile)
to $1,223 (80th percentile) range.
The residential vacancy rate is 7%.
This property falls in percentile 95 of all properties in this area. This corresponds to a rent of $1,814 per month and a monthly household income of $6,437
($77,244 per year)
615 Morgan Ave, Chattahoochee, FL on Zillow
Recent Sales near 615 Morgan Ave, Chattahoochee, FL on Realtor.com
615 Morgan Ave, Chattahoochee, FL on Google Maps
615 Morgan Ave Walkscore
Chattahoochee, FL Property Values on Trulia
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Companies near this Address
Jacksonville Jetport LLC
(13365 Simpson Way)
Date Sold By Sold To Deed Type Price
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.