10249 Bay Ave
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Nearby Schools
Educational options and performance ratings in the area.
Vineland Elementary School
L. A. Ainger Middle School
Lemon Bay 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
At a purchase price of $349,900, this Englewood property offers a decent square footage for the price, but the financial fundamentals are concerning for a conservative investor. The monthly cash flow is negative at -$21.45, meaning the owner must subsidize the mortgage and operating expenses out of pocket. In the Florida market, where insurance premiums and property taxes are volatile, a negative starting cash flow leaves zero margin for error. While the 4% appreciation is a positive tailwind, relying on speculative growth over immediate income is a high-risk strategy. Without a significant price reduction or a higher rental yield, this asset fails to provide the safety net required for a stable long-term investment.
- • Attractive price point for a 3-bedroom coastal Florida home
- • Solid 1,727 sqft footprint provides good marketability to families
- • Englewood location benefits from general Gulf Coast demand
- • Negative monthly cash flow limits financing options and liquidity
- • Vulnerability to rising Florida homeowners insurance and flood premiums
- • Rental yield of 5.99% is insufficient to cover current high-interest debt service
- • Heavy reliance on appreciation to achieve a positive net return
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-04-10 | Listed for sale | $349,900 | $203 |
| 2022-12-28 | Listing removed | $0 | – |
| 2022-12-06 | Listed for rent | $3,403 | $2 |
| 2022-11-10 | Listing removed | $0 | – |
| 2022-03-04 | Listed for rent | $3,403 | $2 |
| 2021-01-12 | Listing removed | $0 | – |
| 2020-11-11 | Listed for rent | $3,403 | $2 |
| 2019-03-09 | Listing removed | $2,800 | $2 |
| 2019-01-01 | Price change | $2,800 | $2 |
| 2018-12-01 | Price change | $2,300 | $1 |
| 2018-03-13 | Listed for rent | $1,700 | $1 |
| 2016-08-19 | Listing removed | $1,600 | $1 |
| 2015-05-10 | Listing removed | $1,400 | $1 |
| 2015-04-28 | Listed for rent | $1,400 | $1 |
| 2014-07-05 | Listing removed | $2,600 | $2 |
| 2014-04-16 | Listed for rent | $2,600 | $2 |
| 2009-11-06 | Sold | $110,000 | $64 |
| 2009-08-01 | Listed for sale | $99,900 | $58 |
| 2007-02-09 | Sold | $289,000 | $167 |
| 2005-07-19 | Sold | $53,000 | $31 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,356.41 | $265,859 |
| 2024 | $4,895.83 | $307,497 |
| 2023 | $5,201.63 | $241,005 |
| 2022 | $4,650.41 | $219,095 |
| 2021 | $4,022.02 | $199,177 |
| 2020 | $3,725.56 | $186,222 |
| 2019 | $3,526.3 | $176,204 |
| 2018 | $3,165.01 | $168,791 |
| 2017 | $3,165.01 | $159,073 |
| 2016 | $3,025 | $143,062 |
| 2015 | $2,820.43 | $137,849 |
| 2014 | $2,743.52 | $125,428 |
| 2013 | $1,998.27 | $106,804 |
| 2012 | $1,835.88 | $111,462 |
| 2011 | $1,899.56 | $111,462 |
| 2010 | $2,112.9 | $121,985 |
| 2009 | $2,293.8 | $142,124 |
| 2007 | $0 | $32,338 |
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: $15,724/yr
On $80,477 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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