For SaleRisky Deal35 days on market
3414 MICHIGAN STREET
3414 MICHIGAN STREET, LAKE MARY, FL 32746, Lake Mary, FL 32746
$850,000
Estimate®:$822,500
Listing Price
3414 MICHIGAN STREET, LAKE MARY, FL 32746
Loc: Lake Mary, FL
Days Listed
35
Tax Assessed
$686k
Estimate®
$823k
Market Rate
Lot Size
0.45 acres
Rent Estimate
$3,602/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.
10
Heathrow Elementary School
PK-5
0.3 mi away
6
Markham Woods Middle School
6-8
0.3 mi away
5
Seminole High School
9-12
5.8 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 exteriorattached two-car garagepaver drivewaymanicured lawnpalm treesuburbangabled roofasphalt shinglesbay windowwell-maintainedresidentialbright blue facadelandscaped
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
2.42%
Total ROI
11.4%
Cash Flow
$-2,699/mo
DSCR
0.39
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-2,699/mo net cash flow with a 2.4% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Lake Mary, 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
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-20 | Listed for sale | $850,000 | $355 |
| 2021-12-17 | Sold | $646,000 | $270 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $7,489.99 | $566,109 |
| 2024 | $6,738.53 | $550,155 |
| 2023 | $6,577.26 | $534,131 |
| 2022 | $7,350.23 | $588,013 |
| 2021 | $1,738.12 | $126,000 |
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