12380 GILLESPIE Avenue
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Oceanway Elementary School
Oceanway School
First Coast 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 property represents a classic appreciation play that fails the fundamental test of a conservative, cash-flow-first investment strategy. With a projected monthly deficit of -$181.85, the investor is forced to subsidize the asset out of pocket, creating a 'negative carry' scenario that compromises liquidity. Despite a moderate 5.34% rental yield, the current interest rate environment combined with Florida's escalating property insurance premiums likely erodes any remaining net operating income. While a 4% annual appreciation provides a long-term equity hedge, the immediate lack of cash flow and monthly drain make this a high-risk acquisition. Without a significant price reduction or a non-leveraged purchase, the asset poses a threat to portfolio stability.
- • Standard 3-bed, 2-bath configuration is highly liquid in the rental market
- • Functional 1,537 sqft floor plan caters well to long-term family tenants
- • Jacksonville remains a strong growth corridor with consistent 4% appreciation targets
- • Negative monthly cash flow necessitates constant capital infusions from the owner
- • Rental yield of 5.34% is insufficient to offset debt service and rising Florida insurance costs
- • Total return is overly dependent on appreciation rather than operational performance
- • Limited margin for error regarding maintenance or vacancy periods
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-04-22 | Listed for sale | $300,000 | $195 |
| 2021-07-27 | Sold | $242,772 | $158 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2024 | $3,976.58 | $251,864 |
| 2023 | $3,865.54 | $244,529 |
| 2022 | $4,167.34 | $232,265 |
| 2021 | $700.04 | $40,000 |
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: $13,055/yr
On $69,000 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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