OFF_MARKETRisky Deal4 days on market

3686 WINGED FOOT Circle

3686 WINGED FOOT Circle, Green Cove Springs, FL 32043, Green Cove Springs, FL 32043
$575,000
Zestimate®:$563,500

Listing Price

Property image 1
3686 WINGED FOOT Circle, Green Cove Springs, FL 32043
Loc: Green Cove Springs, FL
Days Listed
4
Tax Assessed
$450k
Zestimate®
$564k
Market Rate
Lot Size
0.41 acres
Rent Estimate
$3,058/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.

5

Charles E. Bennett Elementary School

PK-6
1 mi away
7

Green Cove Springs Junior High School

7-8
1.2 mi away
5

Clay High School

PK,9-12
1.5 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
Risky
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
4.60%
Total ROI
12.6%
Cash Flow
$-705/mo
DSCR
0.76
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Data provided by Haven AI. Disclaimer

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Haven AI

This property represents a speculative appreciation play rather than a sound income-generating asset. With a purchase price of $575,000 and a low rental yield of 4.59%, the property suffers from a significant negative cash flow of approximately $705 per month. For a conservative investor, this monthly deficit creates substantial liquidity risk and reliance on the 4% projected appreciation to offset operational losses. While the 4-bedroom layout in the growing Green Cove Springs market is fundamentally attractive, the high acquisition cost relative to market rents suggests the asset is currently overpriced for an investment portfolio. The lack of immediate yield makes this a high-risk hold in a volatile market.

Strengths
  • Desirable 4-bedroom, 3-bathroom configuration for families
  • Located in Green Cove Springs, a region with steady historical growth
  • Large square footage (2737 sqft) appeals to high-quality long-term tenants
  • Conservative 4% appreciation forecast provides a potential long-term equity cushion
Considerations
  • Severe negative monthly cash flow of -$705.11
  • Rental yield is below the current risk-free rate and standard market benchmarks
  • High sensitivity to interest rate fluctuations and financing costs
  • Potential for high HOA or CDD fees common in the Winged Foot area further eroding margins
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-04-10Listed for sale$575,000$210
2021-12-21Sold$481,000$176
2021-12-01Pending sale$475,000$174
2021-11-20Contingent$475,000$174
2021-11-12Listed for sale$475,000$174
2021-02-24Sold$415,000$152
2021-02-10Pending sale$425,000$155
2021-01-18Contingent$425,000$155
2021-01-18Pending sale$425,000$155
2020-12-09Listed for sale$425,000$155
2020-09-18Listing removed$409,000$149
2020-06-19Price change$409,000$149
2020-03-18Listed for sale$415,000$152
2018-09-21Sold$347,500$127
2018-08-23Pending sale$359,000$131
2018-06-04Price change$359,000$131
2018-05-11Listed for sale$369,000$135
2007-11-30Listing removed$330,000$121
2007-11-14Listed for sale$330,000$121
2007-06-18Sold$300,000$110

Tax History

YearProperty TaxTax Assessment
2024$8,170.81$449,801
2023$7,752.32$445,397
2022$6,875.64$393,537
2021$3,992.76$269,862
2020$3,901.03$266,137
2019$3,901.03$260,154
2018$3,827.83$215,551
2017$2,880.4$211,118
2016$2,860.9$206,776
2015$2,852.64$205,339
2014$2,868.86$203,709
2013$0$201,680
2012$0$198,310
2011$0$203,922
2010$0$216,286
2009$0$249,906
2008$0$300,799
2007$0$178,332
2006$0$173,982
2005$0$168,915
2004$0$163,995
2003$0$160,937
2001$0$150,836
2000$0$146,443
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
4
Baths
3
Sq Ft
2,737
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: $575,000Rent Basis: Observed Comp Model ($3,058/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $288/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
3.55%

NOI: $20,392/yr

Cash-on-Cash Yield
-11.7%

On $132,250 invested

DSCR Ratio
0.57x

Negative debt coverage

5-Yr Leveraged ROI
+35.9%

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)-$367/mo
Homeowner / Hazard Insurance-$288/mo
Vacancy Reserve (5% of rent)-$153/mo
Repairs & Maintenance (10% of rent)-$306/mo
Property Management (8% of rent)-$245/mo
Total Pure Operating Expenses-$1,359/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,058/mo
Less: Operating Expenses-$1,359/mo
Net Operating Income (NOI)+$1,699/mo
Less: Debt Service (30yr @ 6.75%)-$2,984/mo
Net Cash Flow
$-1,284/mo
$-15,411/year
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