2327 Waterfall Dr is a 2,172 sq ft Single Family in Spring Hill. It was built in 2001. 2327 Waterfall Dr sits on 0.22 acres of land. In 2016 similar properties sold for between $80,619 and $123,531. We estimate the income value of 2327 Waterfall Dr at $75,271. The assumptions we used to calculate this value are include in the spreadsheet linked below. Spring Hill is in Hernando County, Florida.

2327 Waterfall Dr Property Summary

2327 Waterfall Dr
Spring Hill
FL 34608

Property Size:2,172 sq ft
Year Built:2001
Property Class:B3
Lat, Long: 28.466, -82.574

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 2327 Waterfall Dr, Spring Hill, FL 34608
Estimated Value: 2327 Waterfall Dr

Market Data

In 2016 class A single family properties in Spring Hill sold for $58.85 to 186.87 per sq ft with a median price per sq ft of $66.09. Class B properties sold for $38.40 to 58.84 per sq ft with a median of $49.35 and class C properties sold for $10.19 to 38.39 per sq ft with a median of $33.65.

Market Valuation

2327 Waterfall Dr appears to be a B Class property. Suggested value: $103,608

Value123,531 103,608 80,619

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $75,271. 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 2327 Waterfall Dr:

  • The Household Income estimate assumes the tenant has a total household income of $42,317 and spends 34% 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 $1,199
Household Income - Renters $954
Market Rents $887
Price/Ft $2,224

Expense Estimates:

  • Census data records show 5% 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 2327 Waterfall 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.

Monthly Rent887
Annual Rent per Sq Ft5.00
Gross Annual Rent10,640
Vacancies and Bad Debt10%
Vacancies and Bad Debt Amount1,064
HOA, Utilities and CAM0
Property Taxes1,227
Management Fees1,064
Cap Rate7
Estimated Value75,271
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 $49,931. The bottom 10% of the population earn less than $17,934 per year. The top 10% earn more than $110,734 per year. The top 1% earn more than $374,377 per year. Most renters earn between $25,476 (20th percentile) and $41,244 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $99,862 and $124,828.

The tax assessed value of this property places it in percentile 40 of all properties in this area. This suggests it would appeal to someone earning around $42,317 per year who should qualify for a mortgage between $84,634 and $105,793.

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 $873. Most renters earn between $2,123 and $3,437 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $665 (20th percentile) to $1,123 (80th percentile) range. The residential vacancy rate is 5%.

This property falls in percentile 40 of all properties in this area. This corresponds to a rent of $797 per month and a monthly household income of $2,574 ($30,888 per year)


  1. 2327 Waterfall Dr, Spring Hill, FL on Zillow
  2. Recent Sales near 2327 Waterfall Dr, Spring Hill, FL on Realtor.com
  3. 2327 Waterfall Dr, Spring Hill, FL on Google Maps
  4. 2327 Waterfall Dr Walkscore
  5. Spring Hill, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Jackie King, P.A. (2297 Waterfall Dr)

Sales History

DateSold BySold ToDeed TypePrice
12/01/2014 Not Recorded Not Recorded Unknown 154,500.00
08/01/2015 Not Recorded Buyer: 9924135 Unknown 90,000.00
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.