11737 HEATHER GROVE Lane
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Loretto Elementary School
Mandarin 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
The property at 11737 Heather Grove Lane presents a challenging profile for a conservative investor. A 4.21% gross rental yield is insufficient to cover debt service, taxes, and maintenance in the current interest rate environment, likely resulting in negative monthly cash flow. While the 2,290 square foot layout is spacious, the 3-bedroom limitation restricts the tenant pool and rental upside relative to the $499,999 purchase price. Jacksonville remains a growth market, but the high entry cost for this specific asset yields a Cap Rate that underperforms compared to alternative US markets or even high-yield cash accounts. Reliance on 4% appreciation is speculative and provides a thin safety margin.
- • Significant square footage for a 3-bedroom layout provides high lifestyle appeal
- • Consistent 4% projected annual appreciation aligns with Jacksonville market trends
- • Location in a growing Florida metro with strong economic diversification
- • Subpar gross rental yield of 4.21% fails to cover modern financing costs
- • High entry price point relative to the bedroom count limits rental yield potential
- • Exposure to Florida's escalating property insurance premiums and tax assessments
- • High maintenance-to-rent ratio due to large square footage on a mid-tier rental income
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-05-18 | Sold | $492,000 | $215 |
| 2026-04-20 | Contingent | $499,999 | $218 |
| 2026-03-04 | Listed for sale | $499,999 | $218 |
| 2011-11-01 | Sold | $215,000 | $94 |
| 2011-08-23 | Price change | $229,000 | $100 |
| 2011-07-16 | Price change | $239,000 | $104 |
| 2011-06-18 | Listed for sale | $249,000 | $109 |
| 1994-07-05 | Sold | $125,200 | $55 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,293 | $211,509 |
| 2024 | $3,041.86 | $205,549 |
| 2023 | $2,950.35 | $199,563 |
| 2022 | $2,770.51 | $193,751 |
| 2021 | $2,747.24 | $188,108 |
| 2020 | $2,718.64 | $185,511 |
| 2019 | $2,685.07 | $181,341 |
| 2018 | $2,648.35 | $177,960 |
| 2017 | $2,648.35 | $174,300 |
| 2016 | $2,612.96 | $170,715 |
| 2015 | $2,595.57 | $169,529 |
| 2014 | $2,620.57 | $168,184 |
| 2013 | $0 | $165,699 |
| 2012 | $0 | $162,930 |
| 2011 | $0 | $174,900 |
| 2010 | $0 | $172,316 |
| 2009 | $0 | $167,786 |
| 2006 | $0 | $158,768 |
| 2005 | $2,398.91 | $154,144 |
| 2004 | $0 | $149,654 |
| 2003 | $1,887.64 | $122,345 |
| 2002 | $0 | $119,478 |
| 2001 | $0 | $117,596 |
| 2000 | $0 | $114,171 |
| 1999 | $0 | $111,169 |
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: $15,692/yr
On $115,000 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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