OFF_MARKETRisky Deal183 days on market

248 Palm Circle

248 Palm Circle, Atlantis, FL 33462, Atlantis, FL 33462
$609,000
Zestimate®:$599,700

Listing Price

Property image 1
248 Palm Circle, Atlantis, FL 33462
Loc: Atlantis, FL
Days Listed
183
Tax Assessed
$395k
Zestimate®
$600k
Market Rate
Lot Size
6,534 sqft
Rent Estimate
$3,203/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

Starlight Cove Elementary School

PK-5
1.3 mi away
5

Tradewinds Middle School

6-8
1.6 mi away
4

Santaluces Community High School

PK,9-12
1.9 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
4.91%
Total ROI
14.2%
Cash Flow
$-589/mo
DSCR
0.81
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-05-20Sold$599,000$301
2026-04-25Listing removed$3,800$2
2026-04-23Pending sale$609,000$306
2026-03-19Price change$3,800$2
2026-03-19Price change$609,000$306
2026-02-20Price change$4,000$2
2026-02-20Price change$619,000$311
2026-01-07Listed for rent$4,200$2
2025-12-05Price change$649,000$326
2025-09-17Listed for sale$670,000$336
2021-09-23Sold$450,000$226
2016-07-25Sold$300,000$151
2016-05-26Listed for sale$329,000$165
2016-05-25Pending sale$329,000$165
2016-02-07Price change$329,000$165
2015-12-22Listed for sale$345,000$173
2002-06-11Sold$225,000$113
2000-03-28Sold$197,000$99

Tax History

YearProperty TaxTax Assessment
2025$7,540$394,725
2024$7,314$413,271
2023$7,279$401,234
2022$7,445$389,548
2021$4,394$236,339
2020$4,368.85$233,076
2019$4,311.78$227,836
2018$4,311.78$223,588
2017$4,115.76$275,712
2016$6,219.57$232,725
2015$4,490.47$231,107
2014$4,576.59$229,273
2013$4,504.78$225,885
2012$4,437.08$224,389
2011$4,580.12$226,095
2010$4,540.75$226,050
2009$5,371.38$274,330
2008$6,105.95$331,090
2007$7,186.56$352,267
2006$7,920.49$364,742
2005$0$281,433
2004$3,242.59$228,720
2003$137.05$189,328
2002$4,315.24$176,072
2001$4,093.92$169,251
2000$1,068.13$43,200
1999$362.84$15,000
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
2
Sq Ft
1,993
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: $609,000Rent Basis: Observed Comp Model ($3,203/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $305/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
3.62%

NOI: $22,067/yr

Cash-on-Cash Yield
-11.3%

On $140,070 invested

DSCR Ratio
0.58x

Negative debt coverage

5-Yr Leveraged ROI
+37.6%

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)-$322/mo
Homeowner / Hazard Insurance-$305/mo
Vacancy Reserve (5% of rent)-$160/mo
Repairs & Maintenance (10% of rent)-$320/mo
Property Management (8% of rent)-$256/mo
Total Pure Operating Expenses-$1,364/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,203/mo
Less: Operating Expenses-$1,364/mo
Net Operating Income (NOI)+$1,839/mo
Less: Debt Service (30yr @ 6.75%)-$3,160/mo
Net Cash Flow
$-1,321/mo
$-15,852/year
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248 Palm Circle | Atlantis, FL | Haven AI Analysis | Haven by ScoutHavens