OFF_MARKETRisky Deal2 days on market

1916 VISTA LAKES Drive

1916 VISTA LAKES Drive, Fleming Island, FL 32003, Fleming Island, FL 32003
$574,000
Zestimate®:$562,500

Listing Price

Property image 1
1916 VISTA LAKES Drive, Fleming Island, FL 32003
Loc: Fleming Island, FL
Days Listed
2
Tax Assessed
$455k
Zestimate®
$563k
Market Rate
Lot Size
9,148 sqft
Rent Estimate
$2,652/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.

9

Fleming Island Elementary School

PK-6
0.4 mi away
7

Lakeside Junior High School

6-8
3.2 mi away
7

Fleming Island High School

PK,9-12
1.6 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: 3/10
Exercise caution due to potential market volatility.
Cap Rate
3.83%
Total ROI
8.8%
Cash Flow
$-1,070/mo
DSCR
0.63
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Data provided by Haven AI. Disclaimer

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Haven AI

Despite its desirable location in Fleming Island and a solid physical profile (4 beds, 3 baths, 2,536 sqft), this property represents a highly risky investment from a conservative cash flow perspective. With a low gross rental yield of 3.83% and a substantial monthly negative cash flow of -$1,070.44, the investor would be forced to heavily subsidize the property out-of-pocket every month. While a 4% annual appreciation rate offers long-term equity growth, it does not justify the severe near-term liquidity drain. Relying solely on appreciation is speculative and structurally unsound for conservative portfolios.

Strengths
  • Spacious 4-bed, 3-bath single-family layout ideal for long-term family tenants.
  • Located in the desirable Fleming Island, FL market, known for good schools and demographics.
  • Stable historical submarket with a steady 4% projected annual appreciation.
Considerations
  • Severe negative monthly cash flow of -$1,070.44, requiring significant out-of-pocket subsidies.
  • Very low rental yield of 3.83%, failing to outpace typical debt service, taxes, and maintenance costs.
  • High acquisition price point ($574,000) limits yield flexibility and demands high capital injection.
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-05-19Listed for sale$574,000$226
2022-07-22Sold$561,000$221
2022-06-30Pending sale$549,000$216
2022-06-06Contingent$549,000$216
2022-06-01Price change$549,000$216
2022-05-27Listed for sale$525,000$207
2014-08-21Sold$229,000$90
2014-03-27Listing removed$229,000$90
2014-03-19Price change$229,000$90
2013-12-17Price change$245,000$97
2013-11-16Price change$270,000$106
2013-09-27Price change$279,900$110
2013-09-22Listed for sale$288,900$114
2013-06-18Listing removed$248,000$98
2013-06-11Listed for sale$248,000$98
2006-01-13Sold$342,000$135
2003-06-19Sold$260,600$103

Tax History

YearProperty TaxTax Assessment
2024$6,625.61$335,934
2023$6,495.92$326,150
2022$5,497.83$272,442
2021$5,480.06$264,507
2020$5,349.69$260,856
2019$5,349.69$254,992
2018$5,299.39$250,237
2017$5,018.88$245,090
2016$5,003.77$240,049
2015$4,849.5$238,380
2014$4,926.01$202,589
2013$0$199,595
2012$0$196,259
2011$0$200,725
2010$0$211,615
2009$0$249,307
2008$0$290,456
2007$0$312,844
2006$0$285,753
2005$0$222,802
2004$0$216,313
2003$0$45,000
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
4
Baths
3
Sq Ft
2,536
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: $574,000Rent Basis: Observed Comp Model ($2,652/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $287/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
2.89%

NOI: $16,604/yr

Cash-on-Cash Yield
-14.5%

On $132,020 invested

DSCR Ratio
0.46x

Negative debt coverage

5-Yr Leveraged ROI
+21.7%

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)-$371/mo
Homeowner / Hazard Insurance-$287/mo
Vacancy Reserve (5% of rent)-$133/mo
Repairs & Maintenance (10% of rent)-$265/mo
Property Management (8% of rent)-$212/mo
Total Pure Operating Expenses-$1,268/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,652/mo
Less: Operating Expenses-$1,268/mo
Net Operating Income (NOI)+$1,384/mo
Less: Debt Service (30yr @ 6.75%)-$2,978/mo
Net Cash Flow
$-1,595/mo
$-19,137/year
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