OFF_MARKETExcellent Deal8 days on market
3840 Lema Dr
3840 Lema Dr, Spring Hill, FL 34609, Spring Hill, FL 34609
3840 Lema Dr, Spring Hill, FL 34609
Loc: Spring Hill, FL
Days Listed
8
Tax Assessed
$182k
Zestimate®
$310k
32% Under Valued
Lot Size
8,712 sqft
Rent Estimate
$2,041/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.
4
John D. Floyd Elementary School
PK-5
0.7 mi away
5
Powell Middle School
6-8
2.3 mi away
3
Central High School
9-12
6.5 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
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
8.48%
Total ROI
32.1%
Cash Flow
$423/mo
DSCR
1.40
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10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-06-24 | Sold | $310,000 | $167 |
| 2026-05-21 | Pending sale | $315,000 | $170 |
| 2026-05-21 | Contingent | $315,000 | $170 |
| 2026-05-19 | Listed for sale | $315,000 | $170 |
| 2026-04-02 | Sold | $185,000 | $100 |
| 2026-03-18 | Pending sale | $210,000 | $113 |
| 2026-03-03 | Listed for sale | $210,000 | $113 |
| 2026-02-22 | Listing removed | $265,000 | $143 |
| 2025-10-02 | Price change | $265,000 | $143 |
| 2025-09-03 | Listed for sale | $299,000 | $161 |
| 2025-08-21 | Listing removed | $1,875 | $1 |
| 2025-08-07 | Price change | $1,875 | $1 |
| 2025-06-30 | Listed for rent | $2,000 | $1 |
| 2023-05-06 | Listing removed | $0 | – |
| 2023-02-28 | Price change | $1,850 | $1 |
| 2023-02-16 | Listed for rent | $1,975 | $1 |
| 2022-04-09 | Listing removed | $0 | – |
| 2022-03-28 | Listed for rent | $1,850 | $1 |
| 2021-03-24 | Listing removed | $0 | – |
| 2019-03-05 | Listing removed | $1,250 | $1 |
| 2019-02-22 | Listed for rent | $1,250 | $1 |
| 2014-11-23 | Listing removed | $925 | – |
| 2014-10-23 | Listed for rent | $925 | – |
| 2011-03-18 | Sold | $36,500 | $20 |
| 2003-12-01 | Sold | $122,400 | $66 |
| 2003-04-16 | Sold | $9,000 | $5 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,951.45 | $140,040 |
| 2024 | $2,936.51 | $127,309 |
| 2023 | $2,809.34 | $115,735 |
| 2022 | $2,504.55 | $105,214 |
| 2021 | $2,187.97 | $95,649 |
| 2020 | $1,949.44 | $86,954 |
| 2019 | $1,460.29 | $79,049 |
| 2018 | $1,149.38 | $78,937 |
| 2017 | $1,065.68 | $69,137 |
| 2016 | $938.07 | $59,391 |
| 2015 | $917.1 | $56,825 |
| 2014 | $0 | $43,086 |
| 2013 | $631.22 | $39,169 |
| 2012 | $673.56 | $38,976 |
| 2011 | $469.8 | $86,205 |
| 2010 | $0 | $95,928 |
| 2009 | $860.36 | $116,630 |
| 2008 | $885.66 | $116,513 |
| 2006 | $1,648.44 | $110,360 |
| 2005 | $0 | $107,146 |
| 2004 | $1,649.37 | $104,025 |
| 2003 | $149.37 | $7,000 |
| 2002 | $132.61 | $6,200 |
| 2001 | $134.65 | $6,200 |
| 2000 | $136.43 | $6,200 |
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: $210,000Rent Basis: Observed Comp Model ($2,041/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $150/mo
Haven ScoreGood
7/ 10
Multi-factor yield grade
Cap Rate (Unleveraged)
7.28%
NOI: $15,279/yr
Cash-on-Cash Yield
4.6%
On $48,300 invested
DSCR Ratio
1.17x
Tight qualification
5-Yr Leveraged ROI
+117.0%
Equity + cumulative cash
Financing Scenario Controls
Adjust down payment & rates to model your personalized returnMonthly Cash Flow Breakdown
Monthly Operating Deductions
Property Taxes (0.98% of basis)-$148/mo
Homeowner / Hazard Insurance-$150/mo
Vacancy Reserve (5% of rent)-$102/mo
Repairs & Maintenance (10% of rent)-$204/mo
Property Management (8% of rent)-$163/mo
Total Pure Operating Expenses-$768/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,041/mo
Less: Operating Expenses-$768/mo
Net Operating Income (NOI)+$1,273/mo
Less: Debt Service (30yr @ 6.75%)-$1,090/mo
Net Cash Flow
$184/mo
$2,203/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:
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