OFF_MARKETGood Deal9 days on market

2060 NOTTOWAY WOODS Lane

2060 NOTTOWAY WOODS Lane, Jacksonville, FL 32220, Jacksonville, FL 32220
$259,000
Zestimate®:$268,700$9,700 Under Market

Listing Price

Property image 1
2060 NOTTOWAY WOODS Lane, Jacksonville, FL 32220
Loc: Jacksonville, FL
Days Listed
9
Tax Assessed
$240k
Zestimate®
$269k
4% Under Valued
Lot Size
6,970 sqft
Rent Estimate
$2,052/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

8

Pickett Elementary School

K-5
2.2 mi away
3

Jean Ribault Middle School

6-8
4.7 mi away
3

Edward H. White High School

9-12
4.2 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Good
Confidence Score: 6.8/10
Exercise caution due to potential market volatility.
Cap Rate
7.02%
Total ROI
24.8%
Cash Flow
$206/mo
DSCR
1.16
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

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Haven AI

This single-family property in Jacksonville, FL, presents a decent entry point at $259,000 for a 3/2 configuration. The stated rental yield of approximately 7.02% is attractive, aligning well with conservative cash flow targets for suburban single-family rentals, assuming low vacancy and maintenance reserves are factored in. Jacksonville remains a growing market, supporting the assumed 4% annual appreciation. However, investors must rigorously verify the actual Net Operating Income (NOI) supporting that yield, as gross yields can be misleading. Operating expenses in Florida, particularly insurance and property taxes, need close scrutiny to confirm positive monthly cash flow after debt service. Location within Nottoway Woods should be vetted for specific micro-market rental demand.

Strengths
  • Solid gross rental yield approaching 7.0%
  • Affordable acquisition price for a 1711 sqft 3/2 in a growing metro area
  • Favorable macro-market outlook for Jacksonville appreciation
  • Standard, desirable floor plan for renters
Considerations
  • Risk of inflation in insurance/property tax expenses eroding net cash flow
  • Need to confirm market-accurate operating expense ratio to validate NOI
  • Potential competition from newer inventory suppressing rent growth
  • The specific submarket 'Nottoway Woods' requires due diligence on school districts/local amenities
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-04-22Sold$267,000$156
2026-02-27Listed for sale$259,000$151
2020-10-29Sold$213,860$125

Tax History

YearProperty TaxTax Assessment
2025$3,195.62$200,005
2024$2,949.46$194,369
2023$2,863.21$188,708
2022$2,617.54$183,212
2021$2,594.93$177,876
2020$486.95$27,230
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,711
Built
2020
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $259,000Rent Basis: Observed Comp Model ($2,052/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $150/mo
Haven ScoreRisky
2/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
5.72%

NOI: $14,810/yr

Cash-on-Cash Yield
-2.2%

On $59,570 invested

DSCR Ratio
0.92x

Negative debt coverage

5-Yr Leveraged ROI
+83.1%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.98% of basis)-$196/mo
Homeowner / Hazard Insurance-$150/mo
Vacancy Reserve (5% of rent)-$103/mo
Repairs & Maintenance (10% of rent)-$205/mo
Property Management (8% of rent)-$164/mo
Total Pure Operating Expenses-$818/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,052/mo
Less: Operating Expenses-$818/mo
Net Operating Income (NOI)+$1,234/mo
Less: Debt Service (30yr @ 6.75%)-$1,344/mo
Net Cash Flow
$-110/mo
$-1,316/year
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