11898 MAGNOLIA FALLS Drive
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Nearby Schools
Educational options and performance ratings in the area.
Greenland Pines Elementary School
Twin Lakes Academy Middle School
Mandarin 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 Jacksonville single-family property presents an average investment opportunity, balancing solid location characteristics with relatively tight initial cash flow metrics. The asking price of $675,000 for a 3/3, 2591 sqft home suggests a required conservative gross monthly rent around $2,300 to hit target yields, which aligns with some market segments in JAX. The reported rental yield of 4.1% is slightly below what conservative analysts prefer for non-value-add single-family rentals (typically 5-7% gross). While the projected 4% annual appreciation is reasonable for the Florida market, relying heavily on appreciation means cash flow must be prioritized. Thorough due diligence on the property's actual operating expenses (taxes, insurance, HOA) is critical to ensure positive net operating income after debt service.
- • Solid square footage and functional floor plan (3 Bed/3 Bath) which appeal to long-term renters.
- • Jacksonville, FL location benefits from steady population growth and relatively diverse employment base.
- • Projected 4% annual appreciation rate offers a conservative hedge against inflation.
- • The 2591 sqft size allows for potentially stronger rent growth over time compared to smaller units.
- • The reported gross rental yield (4.1%) suggests a potentially thin cash-on-cash return, especially after factoring in vacancy, CapEx, and management fees.
- • High property insurance costs common in Florida coastal areas could severely compress Net Operating Income (NOI).
- • The purchase price may price in too much recent appreciation, limiting immediate cash-on-cash returns.
- • Conservative analysis demands confirming the $675,000 price point aligns with genuine market rents for this specific submarket.
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-03-03 | Listed for sale | $675,000 | $261 |
| 2022-09-23 | Sold | $575,000 | $222 |
| 2022-09-21 | Pending sale | $575,000 | $222 |
| 2022-08-13 | Contingent | $575,000 | $222 |
| 2022-07-25 | Price change | $575,000 | $222 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2024 | $7,749.6 | $462,891 |
| 2023 | $7,543.61 | $449,199 |
| 2022 | $4,090.51 | $269,527 |
| 2021 | $4,064.52 | $261,677 |
| 2020 | $4,025.95 | $258,065 |
Property Specs
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: $20,837/yr
On $155,250 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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