For SaleRisky Deal4 days on market

16 Flamingo Ct

16 Flamingo Ct, Palm Coast, FL 32137, Palm Coast, FL 32137
$419,900
Zestimate®:$397,700

Listing Price

Property image 1
16 Flamingo Ct, Palm Coast, FL 32137
Loc: Palm Coast, FL
Days Listed
4
Tax Assessed
$365k
Zestimate®
$398k
Market Rate
Lot Size
9,583 sqft
Rent Estimate
$2,601/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.

8

Old Kings Elementary School

PK-5
5.1 mi away
5

Matanzas High School

8-12
5.4 mi away
7

Indian Trails Middle School

6-8
5.5 mi away

Property Overview

No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.

Features & Amenities

Single Family Residence1997Electric, Heat PumpCentral2 Garage spaces$175 monthly9,583 sqft4 Days$244

Haven AI Verdict

Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.27%
Total ROI
51.7%
Cash Flow
$-684/mo
DSCR
0.69
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $-684/mo net cash flow with a 4.3% cap rate. Underwriting indicates risky fundamentals for long-term hold.

Strengths
  • Prime residential location in Palm Coast, FL
  • Long-term capital appreciation corridor
Considerations
  • Verify historical operating expenses and local tax assessment
  • Confirm current lease terms and tenant estoppel certificates

10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-09-11Listed for sale$419,900$244
2024-08-16Listing removed$0
2024-08-15Listing removed$0
2024-08-05Listed for rent$2,600$2
2024-07-25Listing removed$0
2024-07-23Price change$425,000$247
2024-07-17Listed for rent$2,600$2
2024-05-31Price change$450,000$262
2024-05-18Listed for sale$484,500$282
2024-05-17Listing removed$0
2024-04-16Listed for rent$2,995$2
2019-12-03Sold$215,000$125
2019-10-28Pending sale$244,900$142
2019-10-03Sold$190,000$110
2019-10-03Listed for sale$244,900$142
2019-08-20Listing removed$279,000$162
2019-07-16Listed for sale$279,000$162
2018-11-16Listing removed$1,900$1
2018-10-25Price change$1,900$1
2018-10-13Price change$1,750$1
2018-09-29Price change$1,800$1
2018-09-12Price change$1,900$1
2018-09-07Listed for rent$2,100$1
2015-10-05Listing removed$159,900$93
2015-10-02Listed for sale$159,900$93
1996-12-04Sold$52,000$30

Tax History

YearProperty TaxTax Assessment
2025$9,766.4$363,624
2024$9,201.48$330,568
2023$8,611.49$300,516
2022$8,172.07$273,196
2021$7,252.13$248,360
2020$4,971.62$175,333
2019$6,847.12$224,681
2018$6,522.76$204,255
2017$6,156.83$193,784
2016$6,156.83$168,805
2015$5,720.66$169,020
2014$5,756.81$166,162
2013$0$144,249
2012$0$144,151
2011$0$156,839
2010$0$191,777
2009$0$244,343
2008$0$293,807
2007$0$323,051
2006$0$304,614
2005$0$208,317
2004$0$175,816
2003$0$162,472
2002$0$155,667
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
3
Sq Ft
1,720
Address-Level Value-Add Underwriting

ARV, Rehab & Maximum Allowable Offer (MAO)

Model contractor scopes, estimated after-repair value (ARV) projections, and determine your purchase price ceiling to protect target margins.

Modeled value-add projection (+18% baseline) for 3b/3ba in Palm Coast
+18% vs. list
$
$77,400
75% Rule
Maximum Allowable Offer (MAO)
$294,212

Calculated as (75% × $495,482) − $77,400

Asking Price is $125,688 (29.9%) Above MAO
To achieve your target margin of 25%, submit an initial counteroffer closer to $294,212 based on $77,400 in required updates.
Current Asking Price:$419,900
Estimated ARV:$495,482
Estimated Renovation:$77,400
All-In Capital Basis (MAO + Rehab):$371,612
Projected Equity Margin:+$123,870
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 Provenance:[Observed] List Price: $419,900[Observed] Rent: $2,601/mo[Estimated] Tax Rate: 0.98% (FL)[Estimated] Hazard Ins: $210/mo[Defaulted] Reserves: 23% OpEx Baseline
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.27%

NOI: $17,941/yr

Cash-on-Cash Yield
-8.5%

On $96,577 invested

DSCR Ratio
0.69x

Negative debt coverage

5-Yr Leveraged ROI
+51.7%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
[Estimated]Property Taxes (0.98% of basis)-$298/mo
[Estimated]Homeowner / Hazard Insurance-$210/mo
[Defaulted]Vacancy Reserve (5% of rent)-$130/mo
[Defaulted]Repairs & Maintenance (10% of rent)-$260/mo
[Defaulted]Property Management (8% of rent)-$208/mo
Total Pure Operating Expenses-$1,106/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,601/mo
Less: Operating Expenses-$1,106/mo
Net Operating Income (NOI)+$1,495/mo
Less: Debt Service (30yr @ 6.75%)-$2,179/mo
Net Cash Flow
$-684/mo
$-8,204/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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