OFF_MARKETAverage Deal84 days on market

687 Linden Dr

687 Linden Dr, Englewood, FL 34223, Englewood, FL 34223
$229,900

Listing Price

Property image 1
687 Linden Dr, Englewood, FL 34223
Loc: Englewood, FL
Days Listed
84
Tax Assessed
$211k
Lot Size
4,300 sqft
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.

9

Englewood Elementary School

PK-5
1 mi away
7

Venice Middle School

6-8
7 mi away
8

STATE COLLEGE OF FLA COLLEGIATE SCHOOL-VENICE-0122

9-12
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
Average
Confidence Score: 6.2/10
Exercise caution due to potential market volatility.
Cap Rate
7.02%
Total ROI
24.7%
Cash Flow
$182/mo
DSCR
1.16
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Data provided by Haven AI. Disclaimer

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Haven AI

687 Linden Dr presents a low-entry-point opportunity in Englewood, FL, with a purchase price well below the state median. While the 7.02% rental yield appears promising, the actual monthly cash flow of $181.58 is razor-thin for a single-family asset. A conservative analyst must note that this margin leaves almost no room for property management fees, high-deductible hurricane insurance, or significant capital expenditures. A single major repair, such as an HVAC replacement, would negate over two years of net cash flow. While the 4% appreciation provides a steady equity hedge, the immediate liquidity risk makes this a speculative hold rather than a robust income producer.

Strengths
  • Competitive entry-level price point of $229,900
  • Consistent 4% projected annual appreciation
  • Solid 7.02% gross rental yield
  • Desirable 1421 sqft size for a 2-bedroom rental
Considerations
  • Thin monthly cash flow margin of $181.58 is vulnerable to inflation
  • Rising property insurance premiums in coastal Florida markets
  • Limited buffer for vacancy or unexpected maintenance costs
  • 2-bedroom layout may face higher turnover than 3-bedroom family homes
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-09-14Pending sale$229,900$162
2026-04-16Price change$229,900$162
2026-01-25Listed for sale$239,900$169
2020-05-26Sold$205,000$144
2020-02-15Pending sale$209,000$147
2020-02-13Listed for sale$209,000$147
2003-05-09Sold$145,500$102

Tax History

YearProperty TaxTax Assessment
2025$3,079.21$211,200
2024$3,266.39$218,012
2023$2,934.04$179,993
2022$2,816.12$181,830
2021$2,479.77$165,300
2020$2,350.93$153,200
2019$2,311.58$153,400
2018$2,311.58$144,700
2017$2,176.22$133,900
2016$1,927.69$141,100
2015$2,120.96$118,900
2014$1,833.81$97,700
2013$1,668.05$97,700
2012$1,577.7$92,100
2011$1,619.82$96,900
2010$1,655.35$97,000
2009$2,147.17$111,000
2008$2,147.17$143,500
2007$2,924.95$202,700
2006$0$206,500
2005$0$160,181
2004$2,245.87$132,419
2003$1,284.95$90,331
2002$1,303.3$88,214
2001$1,223.28$86,825
2000$1,194.95$84,296
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
2
Sq Ft
1,421
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: $229,900Rent Basis: Modeled Estimate ($1,839/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $150/mo
Haven ScoreRisky
2/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
5.71%

NOI: $13,123/yr

Cash-on-Cash Yield
-2.3%

On $52,877 invested

DSCR Ratio
0.92x

Negative debt coverage

5-Yr Leveraged ROI
+82.9%

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)-$172/mo
Homeowner / Hazard Insurance-$150/mo
Vacancy Reserve (5% of rent)-$92/mo
Repairs & Maintenance (10% of rent)-$184/mo
Property Management (8% of rent)-$147/mo
Total Pure Operating Expenses-$745/mo
Net Investor Cash Flow
Gross Scheduled Rent+$1,839/mo
Less: Operating Expenses-$745/mo
Net Operating Income (NOI)+$1,094/mo
Less: Debt Service (30yr @ 6.75%)-$1,193/mo
Net Cash Flow
$-99/mo
$-1,192/year
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