12911 SW 17th Pl
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Nearby Schools
Educational options and performance ratings in the area.
Flamingo Elementary School
Indian Ridge Middle School
Western 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
This Davie property presents a challenging investment profile primarily due to negative monthly cash flow. At a price of $480,000, the current rental yield of 5.44% is insufficient to cover financing costs, taxes, and insurance, resulting in a monthly loss of $252.49. While Davie is a desirable location with steady appreciation, the current market dynamics make this an unsustainable hold without significant down payment leverage or immediate rental rate growth. Investors are effectively paying for the privilege of ownership with no immediate ROI. Given current interest rates, this asset does not meet basic cash-on-cash return benchmarks, making it a speculative play rather than a sound income-generating investment.
- • Stable Davie, Florida location
- • Consistent historical property appreciation of 4%
- • Low maintenance footprint for 1,188 sqft single-family home
- • Persistent negative monthly cash flow
- • Insufficient rental yield to cover debt service
- • High exposure to insurance premium volatility in South Florida
- • Overvaluation relative to current rental market income potential
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-03-31 | Listed for sale | $475,000 | $400 |
| 2026-03-26 | Contingent | $475,000 | $400 |
| 2026-03-17 | Listed for sale | $475,000 | $400 |
| 2026-02-27 | Contingent | $475,000 | $400 |
| 2026-02-03 | Price change | $475,000 | $400 |
| 2025-11-12 | Listed for sale | $525,000 | $442 |
| 2019-12-20 | Sold | $315,000 | $265 |
| 2019-11-20 | Pending sale | $315,000 | $265 |
| 2019-11-07 | Listed for sale | $315,000 | $265 |
| 2002-10-03 | Sold | $165,000 | $139 |
| 1992-08-01 | Sold | $93,200 | $78 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2024 | $7,982.8 | $348,440 |
| 2023 | $7,784.09 | $316,770 |
| 2022 | $6,415.66 | $287,980 |
| 2021 | $5,763.67 | $261,800 |
| 2020 | $5,761.26 | $259,620 |
| 2019 | $2,077.47 | $122,580 |
| 2018 | $2,077.47 | $120,300 |
| 2017 | $1,997.09 | $117,830 |
| 2016 | $1,943.4 | $115,410 |
| 2015 | $1,915.73 | $114,610 |
| 2014 | $1,963.38 | $113,710 |
| 2013 | $1,963.38 | $114,520 |
| 2012 | $1,874.29 | $110,160 |
| 2011 | $2,148.43 | $122,350 |
| 2010 | $2,396.17 | $128,880 |
| 2009 | $2,857.55 | $152,180 |
| 2008 | $2,707.62 | $152,030 |
| 2007 | $2,933.84 | $147,610 |
| 2006 | $3,123.44 | $144,010 |
| 2005 | $0 | $139,820 |
| 2004 | $2,841.37 | $135,750 |
| 2003 | $2,773.85 | $133,220 |
| 2002 | $1,645.78 | $87,170 |
| 2001 | $1,599.17 | $85,800 |
| 2000 | $1,552.97 | $0 |
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: $20,657/yr
On $110,400 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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