2203 Sherrington St · Jacksonville, FL 32209

$162,000

4 bd · 5.0 ba · 3,514 sqft · SingleFamily public records · 7 Days on market

Built 1945 4,791 sqft lot Est $204k · 21% under ↓ 7% since listing

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.6/30.0
• ARV discount +15.0/15.0
• DSCR +8.0/10.0
• 1% rule +5.0/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This corner-lot home offers great potential and a functional layout perfect for first-time buyers or investors. This is a short-sale. Conveniently located just minutes from Downtown Jacksonville with easy access to major roadways, shopping, and schools. Spacious yard with room to personalize and make your own. Whether you're looking to expand your portfolio or purchase your first home, this property presents a solid opportunity at an accessible price point. Schedule your showing today!

Key facts

• Minutes from i-95
• Close to dining
• Short drive to zoo

Tags

• MINUTES FROM I-95
• CLOSE TO SHOPPING
• CLOSE TO DINING
• SHORT DRIVE TO GOLF COURSE
• SHORT DRIVE TO ZOO

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Garage (1 space)
• Utilities: Other utilities
• Home design: Two stories; Single Family Residence
• Exterior features: No private pool; Residential single-family use

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 5 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: One room listed; Fireplace (1)

What this means for you Summary

Snapshot

• This is a 4-bed/5.0-bath single-family listed at $162k.

Deal economics

• At list price, monthly cash flow is $336 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $162k).
• Cap rate 8.8% vs local median 4.0% in Jacksonville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 83/100 on livability (#50 in FL, #911 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+.
• Duval (urban): math 46% / reading 45% proficiency, ranked #48 of 73 in FL (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.8%/yr); 394 active listings in the ZIP; lower-income renter base — watch delinquency; 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).
• At $1,627/mo this rent would consume 64% of the median local household income ($31k/yr) (locally 2921% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Duval County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 17 sale attempts since 21y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $162,000

Questions for the listing agent

1. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.00% ✓
• Cap rate: 8.79%
• Cash-on-cash: 8.90%
• DSCR: 1.40
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $203,812
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2812 Henrietta St	0.56mi	3/3.0 (-1)	3,988 (+14%)	8mo	$230,000	$58	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.81% rent growth · sell at horizon

5-year hold

• IRR: -4.1%
• Equity multiple: 0.85×
• Total profit: $-6,826
• Equity at exit: $24,155

10-year hold

• IRR: 4.3%
• Equity multiple: 1.30×
• Total profit: $13,611
• Equity at exit: $14,007

Cash invested: $45,360 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32209

• Home prices YoY: -22.1%
• Rents YoY: 1.8%
• Active inventory: 394
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,627 medium
• Mortgage (P&I): −$850
• Tax from tax record: −$32 /mo · $384/yr
• Insurance: −$68
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $336

Break-even live

Break-even rent $1,201

Max offer price $162,000

Occupancy floor 74%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $40,500
• Closing costs: $4,860
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-06-18
   days on market $162,000 Active 7 DOM
2. 2026-06-17
   days on market $162,000 Active 6 DOM
3. 2026-06-16
   days on market $162,000 Active 5 DOM
4. 2026-06-15
   days on market $162,000 Active 4 DOM
5. 2026-06-13
   days on market $162,000 Active 2 DOM
6. 2026-06-13
   remarks 699-char remark
7. 2026-06-13
   days on marketlisting id $162,000 Active 1 DOM
8. 2026-06-08
   days on market $162,000 Active 24 DOM
9. 2026-06-07
   days on market $162,000 Active 23 DOM
10. 2026-06-05
    days on market $162,000 Active 20 DOM
11. 2026-06-03
    days on market $162,000 Active 19 DOM
12. 2026-06-02
    days on market $162,000 Active 18 DOM
13. 2026-06-01
    days on market $162,000 Active 17 DOM
14. 2026-05-31
    days on market $162,000 Active 16 DOM
15. 2026-05-12
    listed $162,000 Active
16. 2026-04-20
    status Active 490-char remark

    Show marketing remark (490 chars)

    This corner-lot home offers great potential and a functional layout perfect for first-time buyers or investors. This is a short-sale. Conveniently located just minutes from Downtown Jacksonville with easy access to major roadways, shopping, and schools. Spacious yard with room to personalize and make your own. Whether you're looking to expand your portfolio or purchase your first home, this property presents a solid opportunity at an accessible price point. Schedule your showing today!

17. 2026-03-01
    status Pending 490-char remark

    Show marketing remark (490 chars)

    This corner-lot home offers great potential and a functional layout perfect for first-time buyers or investors. This is a short-sale. Conveniently located just minutes from Downtown Jacksonville with easy access to major roadways, shopping, and schools. Spacious yard with room to personalize and make your own. Whether you're looking to expand your portfolio or purchase your first home, this property presents a solid opportunity at an accessible price point. Schedule your showing today!

18. 2026-03-01
    historical 490-char remark

    Show marketing remark (490 chars)

    This corner-lot home offers great potential and a functional layout perfect for first-time buyers or investors. This is a short-sale. Conveniently located just minutes from Downtown Jacksonville with easy access to major roadways, shopping, and schools. Spacious yard with room to personalize and make your own. Whether you're looking to expand your portfolio or purchase your first home, this property presents a solid opportunity at an accessible price point. Schedule your showing today!

19. 2026-02-20
    listed $180,000 Active 490-char remark

    Show marketing remark (490 chars)

    This corner-lot home offers great potential and a functional layout perfect for first-time buyers or investors. This is a short-sale. Conveniently located just minutes from Downtown Jacksonville with easy access to major roadways, shopping, and schools. Spacious yard with room to personalize and make your own. Whether you're looking to expand your portfolio or purchase your first home, this property presents a solid opportunity at an accessible price point. Schedule your showing today!

20. 2023-05-11
    soldstatus $225,000
21. 2023-05-03
    soldstatus $225,000
22. 2023-05-03
    soldstatus $225,000 Closed
23. 2023-05-03
    soldstatus $225,000
24. 2023-03-09
    status Pending
25. 2023-03-04
    listed $234,900
26. 2023-03-04
    listed $234,900 Active
27. 2023-03-04
    listed $225,000
28. 2023-03-03
    historical
29. 2023-02-20
    price $234,900
30. 2023-02-04
    price $238,900
31. 2023-01-05
    listed $239,900 Active
32. 2020-04-13
    soldstatus $155,000
33. 2020-04-09
    soldstatus $155,000 Sold
34. 2020-01-22
    status Pending
35. 2020-01-01
    historical Active - Contingent
36. 2020-01-01
    status Active
37. 2019-12-31
    historical
38. 2019-12-16
    status Active
39. 2019-09-16
    status Pending
40. 2019-08-19
    historical Active - Contingent
41. 2019-08-13
    price $159,900
42. 2019-06-28
    listed $165,000 Active
43. 2016-11-11
    historical
44. 2016-11-04
    historical
45. 2016-10-31
    listed $89,900 Active
46. 2016-09-10
    listed $89,900 Active
47. 2016-08-13
    historical
48. 2016-08-13
    status Active
49. 2016-07-17
    status Pending
50. 2016-07-07
    historical Active - Contingent

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $384 · $32/mo
• Projected year-2 tax: $1,345 · $112/mo
• Expected delta: +$961/yr (+$80/mo · 250.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,527
• − Mortgage interest: −$9,075
• − Property taxes: −$384
• − Insurance: −$810
• − Repairs & maintenance: −$1,562
• − Management: −$1,562
• − Depreciation: −$4,713
• Taxable income: $1,421
• Est. tax owed @ 24.0%: −$341
• After-tax cash flow: $3,697/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Duval
• NCES district ID: 1200480
• Math proficiency: 46% ▼ -11.00%
• Reading proficiency: 45% ▼ -4.00%
• Median HH income: $48,987
• Composite: 38.97/100
• National rank: #4076
• State rank: #48 of 73 in FL

Livability — Jacksonville

• Score: 83/100
• State rank: #50
• US rank: #911

Category grades

Amenities A+ Commute A+ Cost of living A Crime C Employment C Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jacksonville, FL
• County: Duval County · 1,015,274 people
• City population: 979,034
• Metro: Jacksonville, FL
• Population (ZIP): 34,657
• Household income: $30,514
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 2921.0

Population outlook (Duval County) Hauer SSP2

• Today (2025): 1,013,010 people
• By 2030: 1,059,228 · +4.6%
• By 2040: 1,141,439 · +12.7%
• By 2050: 1,205,258 · +19.0%
• By 2075: 1,324,282 · +30.7%
• By 2100: 1,319,620 · +30.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (88%)
• Race & ethnicity: Black 88% White 5% Hispanic / Latino 5% Two or more races 2%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Hispanic 1% Romanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4% French/Haitian/Cajun 1%

Political lean MEDSL · Duval

• 2024 margin: Toss-up / Even · D 48.7% · R 50.1% · Other 1.2%
• 2008→2024 swing: +0.4pp no change · 2008: -1.9pp · 2024: -1.5pp
• All cycles: 2024: R+1.5 2020: D+3.8 2016: R+1.5 2012: R+3.6 2008: R+1.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -53.92%
• Current HPI: 189.5977
• Rent YoY: ▲ 1.81%
• Metro: Jacksonville, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-7.4% since first listed

45 events — show timeline

• 2026-05-12 Listed $162,000 realMLS
• 2026-04-20 Relisted — realMLS
• 2026-03-01 Pending — realMLS
• 2026-03-01 Listing Removed — realMLS
• 2026-02-20 Listed $180,000 realMLS
• 2023-05-11 Sold (Public Records) $225,000 Public Records
• 2023-05-03 Sold (MLS) $225,000 St. Augustine and St. Johns County Board of REALTORS®
• 2023-05-03 Sold (MLS) $225,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-03 Sold (MLS) $225,000 realMLS
• 2023-03-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-03-04 Listed $225,000 St. Augustine and St. Johns County Board of REALTORS®
• 2023-03-04 Listed $234,900 Stellar MLS as Distributed by MLS Grid
• 2023-03-04 Listed $234,900 realMLS
• 2023-03-03 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-02-20 Price Changed $234,900 Stellar MLS as Distributed by MLS Grid
• 2023-02-04 Price Changed $238,900 Stellar MLS as Distributed by MLS Grid
• 2023-01-05 Listed $239,900 Stellar MLS as Distributed by MLS Grid
• 2020-04-13 Sold (Public Records) $155,000 Public Records
• 2020-04-09 Sold (MLS) $155,000 realMLS
• 2020-01-22 Pending — realMLS
• 2020-01-01 Contingent — realMLS
• 2020-01-01 Relisted — realMLS
• 2019-12-31 Listing Removed — realMLS
• 2019-12-16 Relisted — realMLS
• 2019-09-16 Pending — realMLS
• 2019-08-19 Contingent — realMLS
• 2019-08-13 Price Changed $159,900 realMLS
• 2019-06-28 Listed $165,000 realMLS
• 2016-11-11 Listing Removed — realMLS
• 2016-11-04 Listing Removed — realMLS
• 2016-10-31 Listed $89,900 realMLS
• 2016-09-10 Listed $89,900 realMLS
• 2016-08-13 Listing Removed — realMLS
• 2016-08-13 Relisted — realMLS
• 2016-07-17 Pending — realMLS
• 2016-07-07 Contingent — realMLS
• 2016-06-18 Listed $90,000 realMLS
• 2016-06-17 Price Changed $89,900 realMLS
• 2015-08-31 Listing Removed — realMLS
• 2015-02-11 Listed $95,000 realMLS
• 2015-02-11 Price Changed $90,000 realMLS
• 2007-10-03 Listing Removed — realMLS
• 2007-04-03 Listed $179,900 realMLS
• 2006-01-18 Listing Removed — realMLS
• 2005-07-18 Listed $175,000 realMLS

Property tax history

-0.8%/yr

Latest (2025): $384 · +81.3% YoY. Source: county tax records.