947 MORNING LIGHT Road
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Louis S. Sheffield Elementary School
Oceanway School
First Coast 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 947 MORNING LIGHT Road presents a challenging investment profile for conservative buyers. While the $299,900 price point is accessible for a 3-bedroom single-family home in Jacksonville, the negative monthly cash flow of -$273.42 is a major red flag. A gross rental yield of 4.97% is insufficient to cover debt service, maintenance, and management costs in the current interest rate environment. This 'negative carry' situation forces the investor to rely entirely on the 4% projected appreciation to realize any gain, which is a speculative strategy rather than a fundamental income-play. Without a significant price reduction or a higher down payment to offset debt service, this asset remains a high-risk proposition for long-term hold portfolios.
- • Accessible entry-level price point for the Jacksonville market
- • Standard 3/2 configuration is highly desirable for family-oriented long-term tenants
- • 1,591 sqft provides ample living space to remain competitive in the local rental inventory
- • Immediate negative monthly cash flow of -$273.42 creates an out-of-pocket burden
- • Rental yield of 4.97% is below the risk-free rate and typical Jacksonville cap rate averages
- • Over-reliance on 4% appreciation to achieve a positive internal rate of return
- • Minimal buffer for property management fees, capital expenditures, or vacancy losses
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-03-19 | Listed for sale | $299,900 | $188 |
| 2012-08-02 | Sold | $124,000 | $78 |
| 2012-05-22 | Price change | $129,500 | $81 |
| 2012-05-10 | Listed for sale | $125,000 | $79 |
| 2009-05-01 | Sold | $117,000 | $74 |
| 2009-03-14 | Listed for sale | $115,000 | $72 |
| 2006-03-07 | Sold | $217,600 | $137 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2024 | $1,631.96 | $121,630 |
| 2023 | $1,577.17 | $118,088 |
| 2022 | $1,431.89 | $114,649 |
| 2021 | $1,411.96 | $111,310 |
| 2020 | $1,393.9 | $109,774 |
| 2019 | $1,371.33 | $107,306 |
| 2018 | $1,347.92 | $105,306 |
| 2017 | $1,347.92 | $103,141 |
| 2016 | $1,324.75 | $101,020 |
| 2015 | $1,311.01 | $100,318 |
| 2014 | $1,322.38 | $99,522 |
| 2013 | $0 | $98,052 |
| 2012 | $0 | $94,601 |
| 2011 | $0 | $129,386 |
| 2010 | $0 | $141,828 |
| 2009 | $0 | $156,894 |
| 2006 | $0 | $27,500 |
| 2005 | $510.84 | $27,500 |
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: $12,105/yr
On $68,977 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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