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A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Data provided by Haven AI. Disclaimer
This property presents a significant financial challenge for conservative investors due to a projected negative monthly cash flow of $922.76. While a 4% annual appreciation and a standard 3/2 layout offer some stability, the rental yield of 3.92% is insufficient to cover debt service and operating expenses at the $515,000 price point. An annual out-of-pocket loss exceeding $11,000 characterizes this as a 'negative carry' asset, requiring the investor to subsidize the mortgage from other income sources. Without a substantial down payment or a significant value-add strategy to boost rents, the current cash flow deficit outweighs the potential for moderate capital gains, making it a high-risk acquisition.
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-05-02 | Listed for sale | $515,000 | $363 |
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $6,510.66 | $472,237 |
| 2024 | $6,559.12 | $462,978 |
| 2023 | $6,560.62 | $453,900 |
| 2022 | $3,171.46 | $202,550 |
| 2021 | $3,062.9 | $198,579 |
| 2020 | $2,906.7 | $196,544 |
| 2019 | $2,844.88 | $192,691 |
| 2018 | $2,775.7 | $188,914 |
| 2017 | $2,727.08 | $185,211 |
| 2016 | $2,727.08 | $181,580 |
| 2015 | $2,561.68 | $178,855 |
| 2014 | $2,539.08 | $175,354 |
| 2013 | $0 | $174,564 |
| 2012 | $0 | $171,142 |
| 2011 | $0 | $167,788 |
| 2010 | $0 | $166,536 |
| 2009 | $0 | $166,933 |
| 2008 | $0 | $163,661 |
| 2007 | $0 | $160,453 |
| 2006 | $0 | $157,308 |
| 2005 | $0 | $154,225 |
| 2003 | $0 | $148,432 |
| 2002 | $0 | $145,523 |
| 2001 | $1,741 | $142,671 |
| 2000 | $1,616.8 | $132,000 |
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $16,499/yr
On $118,450 invested
Negative debt coverage
Equity + cumulative cash
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