For SaleRisky Deal199 days on market
5900 Florance Rd
5900 Florance Rd, Northlake, TX 76247, Northlake, TX 76247
$2,900,000
Listing Price
5900 Florance Rd, Northlake, TX 76247
Loc: Northlake, TX
Days Listed
199
Tax Assessed
$1842k
Lot Size
6.43 acres
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
3
Ponder Elementary School
PK-5
3.5 mi away
6
Ponder Junior High School
6-8
3.5 mi away
6
Ponder High School
9-12
3.6 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
luxury estatecraftsmanstone exteriortimber framedusklarge lawngabled roofoutdoor lightingspaciousmulti-levelcountry livingcustom homemanicured landscape
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.65%
Total ROI
81.6%
Cash Flow
$-1,397/mo
DSCR
0.91
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,397/mo net cash flow with a 5.7% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.7%)
- • Strong rental demand in Northlake
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 |
|---|---|---|---|
| 2026-03-09 | Listed for sale | $2,900,000 | $325 |
| 2025-10-15 | Listing removed | $3,100,000 | $347 |
| 2025-06-04 | Listed for sale | $3,100,000 | $347 |
| 2019-05-23 | Listing removed | $435,000 | $49 |
| 2019-04-22 | Pending sale | $435,000 | $49 |
| 2019-02-26 | Listed for sale | $435,000 | $49 |
| 2019-01-25 | Listing removed | $450,000 | $50 |
| 2018-11-28 | Listed for sale | $450,000 | $50 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $27,343.39 | $1,577,433 |
| 2024 | $26,696.71 | $1,531,323 |
| 2023 | $28,399.73 | $1,571,592 |
| 2022 | $22,904.83 | $1,172,459 |
| 2021 | $14,419.06 | $708,252 |
| 2020 | $4,600.8 | $220,750 |
| 2019 | $4,362.23 | $208,913 |
| 2018 | $3,795 | $181,718 |
| 2017 | $3,925.09 | $183,403 |
| 2016 | $3,925.09 | $185,929 |
| 2015 | $3,559.42 | $175,904 |
| 2014 | $3,559.42 | $173,800 |
| 2013 | $3,559.42 | $157,000 |
| 2012 | $0 | $157,000 |
| 2011 | $0 | $157,000 |
| 2010 | $0 | $145,932 |
| 2009 | $0 | $147,132 |
| 2007 | $0 | $143,875 |
| 2006 | $3,230.21 | $142,543 |
| 2005 | $2,993.37 | $141,024 |
| 2004 | $0 | $132,494 |
| 2003 | $0 | $120,346 |
| 2002 | $0 | $120,502 |
| 2001 | $0 | $119,137 |
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