For SaleRisky Deal2 days on market
8970 SE 118TH LANE
8970 SE 118TH LANE, SUMMERFIELD, FL 34491, Summerfield, FL 34491
$344,900
Listing Price
8970 SE 118TH LANE, SUMMERFIELD, FL 34491
Loc: Summerfield, FL
Days Listed
2
Tax Assessed
$315k
Lot Size
7,405 sqft
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.
4
Belleview Elementary School
PK-5
4.3 mi away
4
Lake Weir Middle School
6-8
3.7 mi away
2
Lake Weir High School
9-12
2.5 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-storyranch-stylestucco exteriortwo-car garagesuburbanlandscaped lawnpalm treesresidentialsunset skywell-maintainedconcrete drivewaymailbox posttiled roofcontemporary
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.90%
Total ROI
87.1%
Cash Flow
$-94/mo
DSCR
0.95
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-94/mo net cash flow with a 5.9% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.9%)
- • Strong rental demand in Summerfield
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
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-21 | Listed for sale | $344,900 | $176 |
| 2006-01-24 | Sold | $239,000 | $122 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $5,348.81 | $314,987 |
| 2024 | $5,247.4 | $311,524 |
| 2023 | $5,005.82 | $283,204 |
| 2022 | $4,371.08 | $257,458 |
| 2021 | $4,159.16 | $235,873 |
| 2020 | $3,858.09 | $215,837 |
| 2019 | $3,820.84 | $211,291 |
| 2018 | $3,820.84 | $202,974 |
| 2017 | $3,504.81 | $199,655 |
| 2016 | $3,143 | $182,058 |
| 2015 | $3,143 | $165,507 |
| 2014 | $2,633.98 | $150,461 |
| 2013 | $2,509.14 | $144,435 |
| 2012 | $2,648 | $154,110 |
| 2011 | $2,782.69 | $162,427 |
| 2010 | $2,961.55 | $174,536 |
| 2009 | $3,097.43 | $189,212 |
| 2008 | $3,117.4 | $194,315 |
| 2007 | $3,852.94 | $243,417 |
| 2006 | $3,644.66 | $206,542 |
| 2005 | $0 | $1 |
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