209 N CHECKERBERRY Way
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Nearby Schools
Educational options and performance ratings in the area.
Julington Creek Elementary School
Fruit Cove Middle School
Creekside High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
This property in Saint Johns, FL, represents a challenging acquisition for conservative income-focused investors. While the 4% appreciation rate is healthy and the 5-bedroom configuration is desirable for the local family-heavy demographic, the 3.85% gross rental yield is critically low. In the current interest rate environment, this asset would likely produce significant negative cash flow if financed with standard 20-25% down payments. High Florida insurance premiums and St. Johns County property taxes further compress the Net Operating Income, resulting in a cap rate that likely trails risk-free Treasury yields. This is an appreciation-dependent play with high carry costs.
- • Located in a high-demand, top-rated school district
- • Large square footage (3,674 sqft) appeals to stable long-term family tenants
- • Consistent 4% projected appreciation offers a hedge against inflation
- • Modern construction typically requires lower immediate CapEx
- • Gross rental yield of 3.85% is well below the 1% rule or typical investor benchmarks
- • High probability of monthly negative cash flow after debt service and expenses
- • Rising homeowners insurance costs in the Florida market
- • Low Cap Rate makes the property sensitive to any market cooling or vacancy
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-04-27 | Sold | $790,000 | $215 |
| 2026-02-26 | Listed for sale | $799,000 | $217 |
| 2023-01-20 | Sold | $765,000 | $208 |
| 2022-12-23 | Pending sale | $775,000 | $211 |
| 2022-11-25 | Listed for sale | $775,000 | $211 |
| 2022-11-07 | Listing removed | $0 | – |
| 2022-10-11 | Price change | $775,000 | $211 |
| 2022-08-29 | Price change | $790,000 | $215 |
| 2022-08-02 | Listed for sale | $830,000 | $226 |
| 2019-08-01 | Sold | $485,000 | $132 |
| 2019-07-24 | Pending sale | $499,000 | $136 |
| 2019-04-29 | Price change | $499,000 | $136 |
| 2019-04-10 | Price change | $535,000 | $146 |
| 2019-03-14 | Listed for sale | $549,900 | $150 |
| 2013-05-17 | Sold | $380,000 | $103 |
| 2013-03-19 | Price change | $394,900 | $107 |
| 2013-03-09 | Price change | $396,900 | $108 |
| 2013-02-22 | Price change | $400,000 | $109 |
| 2013-01-10 | Price change | $394,900 | $107 |
| 2012-11-18 | Price change | $399,000 | $109 |
| 2012-08-22 | Price change | $417,900 | $114 |
| 2012-06-29 | Price change | $424,900 | $116 |
| 2012-06-08 | Price change | $427,900 | $116 |
| 2012-05-28 | Price change | $439,900 | $120 |
| 2012-05-13 | Price change | $444,900 | $121 |
| 2012-03-21 | Price change | $449,900 | $122 |
| 2011-11-23 | Listed for sale | $459,900 | $125 |
| 2001-09-07 | Sold | $333,700 | $91 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $8,468.68 | $532,373 |
| 2024 | $7,631.79 | $517,369 |
| 2023 | $6,384.35 | $438,852 |
| 2022 | $6,246.7 | $426,070 |
| 2021 | $5,966.09 | $413,660 |
| 2020 | $5,950.24 | $407,949 |
| 2019 | $5,401.3 | $356,761 |
| 2018 | $5,401.3 | $350,109 |
| 2017 | $5,267.73 | $342,908 |
| 2016 | $5,267.73 | $345,931 |
| 2015 | $5,249.79 | $343,526 |
| 2014 | $5,346.23 | $327,632 |
| 2013 | $0 | $319,212 |
| 2012 | $0 | $328,715 |
| 2011 | $0 | $319,141 |
| 2010 | $0 | $314,425 |
| 2009 | $0 | $306,159 |
| 2008 | $0 | $306,159 |
| 2007 | $0 | $296,945 |
| 2006 | $0 | $289,702 |
| 2005 | $0 | $281,264 |
| 2004 | $0 | $273,072 |
| 2003 | $0 | $267,980 |
| 2002 | $0 | $259,930 |
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $25,321/yr
On $183,770 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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