11654 LAKE RIDE Drive
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
11654 Lake Ride Drive presents a significant challenge for conservative investors due to its negative monthly cash flow of -$230.60. While Jacksonville remains a stable growth market with a projected 4% appreciation rate, the gross rental yield of 5.25% is insufficient to cover modern debt service, property taxes, and Florida's volatile insurance premiums. Relying on appreciation to offset monthly operating losses is a speculative strategy rather than a cash-flow-oriented investment. The property is currently priced at a premium that necessitates a substantial down payment to reach a break-even point, making it a poor choice for those seeking immediate passive income.
- • Located in Jacksonville, a market with consistent population growth
- • Standard 3-bed, 2-bath configuration is highly liquid for both rentals and resale
- • Steady 4% projected annual appreciation aligns with historical averages
- • Negative monthly cash flow indicates the investor must subsidize the property
- • Rental yield of 5.25% is below the current risk-free rate and average mortgage rates
- • High exposure to Florida's escalating property insurance costs and tax reassessments
- • 1306 sqft size limits appeal to larger families, potentially capping rental upside
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-04-04 | Listed for sale | $339,900 | $260 |
| 1997-04-30 | Sold | $80,000 | $61 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2024 | $980.23 | $120,814 |
| 2023 | $925.31 | $117,296 |
| 2022 | $862.44 | $113,880 |
| 2021 | $836.07 | $110,564 |
| 2020 | $1,104.09 | $109,038 |
| 2019 | $1,081.5 | $106,587 |
| 2018 | $1,058.13 | $104,600 |
| 2017 | $1,058.13 | $102,449 |
| 2016 | $1,034.97 | $100,342 |
| 2015 | $1,316.42 | $99,645 |
| 2014 | $1,327.68 | $97,374 |
| 2013 | $0 | $95,935 |
| 2012 | $0 | $94,332 |
| 2011 | $0 | $91,585 |
| 2010 | $0 | $90,232 |
| 2009 | $0 | $87,860 |
| 2006 | $0 | $83,139 |
| 2005 | $1,034.98 | $80,717 |
| 2004 | $0 | $78,366 |
| 2003 | $1,006.5 | $76,905 |
| 2002 | $0 | $75,103 |
| 2001 | $0 | $73,920 |
| 2000 | $0 | $71,767 |
| 1999 | $0 | $70,616 |
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: $14,623/yr
On $78,177 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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