636 N Fletcher Ave
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Fernandina Beach High School
Fernandina Beach Middle School
Southside Elementary 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
At a purchase price of $1,785,000 with a gross rental yield of only 1.80%, 636 N Fletcher Ave is a poor candidate for a conservative income-focused portfolio. In the Fernandina Beach market, high property taxes and escalating coastal insurance premiums will likely result in significantly negative monthly cash flow. While the 4% projected appreciation is stable, the carrying costs far outweigh the current income potential. This property serves better as a luxury secondary residence than a viable investment asset. Unless transitioned to a high-turnover short-term rental model with much higher margins, the current financials suggest a high-risk capital lock-up.
- • Prime coastal location in the high-demand Amelia Island corridor
- • Strong 4% historical and projected annual appreciation rate
- • Desirable 4-bedroom configuration attracts higher-end family tenants
- • Limited inventory in premium beachfront-adjacent neighborhoods
- • Extremely low gross rental yield indicates immediate negative cash flow
- • High exposure to Florida's volatile coastal insurance and flood premiums
- • High entry price point limits the pool of future exit buyers
- • Operating expenses and debt service will likely outpace rental income
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-03-14 | Listed for sale | $1,785,000 | $807 |
| 2025-08-13 | Sold | $1,125,000 | $509 |
| 2022-06-30 | Sold | $917,500 | $415 |
| 2022-06-12 | Pending sale | $917,500 | $415 |
| 2022-06-01 | Price change | $917,500 | $415 |
| 2022-05-05 | Price change | $960,000 | $434 |
| 2022-03-26 | Listed for sale | $975,000 | $441 |
| 2022-03-03 | Pending sale | $975,000 | $441 |
| 2022-02-25 | Listed for sale | $975,000 | $441 |
| 2019-01-22 | Listing removed | $2,500 | $1 |
| 2018-12-19 | Listed for rent | $2,500 | $1 |
| 2015-09-18 | Listing removed | $539,000 | $244 |
| 2015-08-12 | Price change | $539,000 | $244 |
| 2015-07-01 | Price change | $569,900 | $258 |
| 2015-06-27 | Price change | $574,990 | $260 |
| 2015-06-16 | Price change | $569,900 | $258 |
| 2015-04-28 | Price change | $574,990 | $260 |
| 2015-03-18 | Listed for sale | $589,000 | $266 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2024 | $15,856.64 | $849,959 |
| 2023 | $14,520.63 | $772,690 |
| 2022 | $9,903.7 | $530,553 |
| 2021 | $9,317.82 | $482,321 |
| 2020 | $8,552.53 | $438,474 |
| 2019 | $8,608.55 | $415,290 |
| 2018 | $8,608.55 | $377,536 |
| 2017 | $7,673.23 | $363,999 |
| 2016 | $7,169.15 | $325,072 |
| 2015 | $6,581.62 | $300,334 |
| 2014 | $5,312.15 | $292,137 |
| 2013 | $0 | $257,818 |
| 2012 | $0 | $258,618 |
| 2011 | $0 | $259,398 |
| 2010 | $0 | $258,685 |
| 2009 | $0 | $287,018 |
| 2008 | $0 | $188,722 |
| 2007 | $0 | $183,311 |
| 2006 | $0 | $178,840 |
| 2005 | $0 | $173,631 |
| 2004 | $0 | $136,131 |
| 2003 | $0 | $82,314 |
| 2002 | $0 | $80,878 |
| 2001 | $0 | $55,506 |
| 2000 | $0 | $43,862 |
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: $18,166/yr
On $410,550 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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