OFF_MARKETRisky Deal5 days on market

240 Sherwood Forest Drive

240 Sherwood Forest Drive, Delray Beach, FL 33445, Delray Beach, FL 33445
$1,100,000
Zestimate®:$1,000,300

Listing Price

Property image 1
240 Sherwood Forest Drive, Delray Beach, FL 33445
Loc: Delray Beach, FL
Days Listed
5
Tax Assessed
$563k
Zestimate®
$1000k
Market Rate
Lot Size
5,390 sqft
Rent Estimate
$6,013/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.

6

Orchard View Elementary School

PK-5
1.4 mi away
3

Carver Middle School

6-8
0.4 mi away
5

Atlantic High School

9-12
1 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
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
3.82%
Total ROI
8.8%
Cash Flow
$-2,057/mo
DSCR
0.63
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-08-17Sold$1,000,005$463
2026-07-08Contingent$1,095,000$507
2026-06-23Price change$1,095,000$507
2026-06-03Listed for sale$1,100,000$509
2022-01-28Sold$587,500$272
2021-12-13Pending sale$569,900$264
2021-12-13Contingent$569,900$264
2021-12-10Listed for sale$569,900$264
2018-01-04Listing removed$450,000$208
2017-10-18Price change$450,000$208
2017-08-16Price change$464,900$215
2017-07-21Price change$475,000$220
2017-06-14Listed for sale$485,000$225
2012-05-04Sold$305,000$141
2010-06-02Listed for sale$335,000$155
2000-11-06Sold$190,000$88
1998-08-25Sold$178,000$82

Tax History

YearProperty TaxTax Assessment
2025$10,785$562,808
2024$10,913$581,629
2023$10,901$559,689
2022$4,655$265,900
2021$4,652$258,155
2020$4,616.03$254,591
2019$4,550.43$248,867
2018$4,550.43$244,227
2017$4,354.74$239,204
2016$4,331.47$234,284
2015$4,344.45$232,655
2014$4,479.92$230,809
2013$4,418.01$227,398
2012$3,656.59$189,588
2011$3,598.19$184,066
2010$3,549.21$181,346
2009$3,329.81$176,578
2008$3,007.11$176,402
2007$3,146.51$171,264
2006$3,338.78$167,087
2005$0$162,220
2004$1,970.25$157,495
2003$164.05$154,558
2002$3,196.03$150,936
2001$3,172.34$148,559
2000$3,136.77$148,559
1999$3,524.44$148,559
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
3
Sq Ft
2,160
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: $1,100,000Rent Basis: Observed Comp Model ($6,013/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $550/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
3.95%

NOI: $43,445/yr

Cash-on-Cash Yield
-9.9%

On $253,000 invested

DSCR Ratio
0.63x

Negative debt coverage

5-Yr Leveraged ROI
+44.7%

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)-$460/mo
Homeowner / Hazard Insurance-$550/mo
Vacancy Reserve (5% of rent)-$301/mo
Repairs & Maintenance (10% of rent)-$601/mo
Property Management (8% of rent)-$481/mo
Total Pure Operating Expenses-$2,393/mo
Net Investor Cash Flow
Gross Scheduled Rent+$6,013/mo
Less: Operating Expenses-$2,393/mo
Net Operating Income (NOI)+$3,620/mo
Less: Debt Service (30yr @ 6.75%)-$5,708/mo
Net Cash Flow
$-2,087/mo
$-25,047/year
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