2003 E Durkee Dr · Jacksonville, FL 32209

$98,000

3 bd · 1.0 ba · 927 sqft · SingleFamily public records · 46 Days on market

Built 1940 6,327 sqft lot Est $84k · 16% over

---

Why this score? — see what drove the C- 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 +24.1/30.0
• DSCR +7.8/10.0
• 1% rule +6.2/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• ARV discount +0.2/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

A Diamond in the Rough! This solid block home it situated in the well-established historic Durkeeville neighborhood. Bring your imagination and turn it into your dream home or investment property. Trustee Sale

Key facts

• 6,327 sq ft lot
• Garage
• Built 1940

Property features AI

Finance

• Other: Lot about 0.15 acre (approx. 55 x 115); Asphalt road access
• HOA & community: No HOA/association indicated

Exterior

• Parking: Attached garage (1 vehicle)
• Utilities: Public water; Public sewer; Other utilities
• Home design: Single family residence; Residential property; One story; Faces east; Entry on one level
• Construction: Brick construction; Other roof type; Slab foundation; Built on one level
• Exterior features: Awnings; Sidewalk

Interior

• Kitchen: No appliances listed
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Linoleum; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Other interior features
• Laundry & utility: No laundry features

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $98k.

Deal economics

• At list price, monthly cash flow is $194 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $98k).
• Recommended offer: $95k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.7% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).
• This rent runs 43% of the median local income ($31k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $678 of loan paydown is wiped out by about $3k 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

• It's been on market 46 days — a 3% lower offer ($95k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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.
• Current owner paid $25k; list at $98k implies a 292% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — 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 $95,060 (3.0% below list)

Questions for the listing agent

1. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.12% ✓
• Cap rate: 8.67%
• Cash-on-cash: 8.50%
• DSCR: 1.38
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $84,357
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2727 N N Davis Rd St	0.47mi	3/1.0	904 (-2%)	1mo	$78,000	$86	73
1526 W 14th St	0.56mi	3/1.0	916 (-1%)	3mo	$95,000	$104	70
1480 N Myrtle Ave N	0.47mi	2/1.0 (-1)	916 (-1%)	2mo	$60,000	$66	69
2715 Myrtle Ave N	0.42mi	2/1.0 (-1)	900 (-3%)	3mo	$98,000	$109	68
2830 Saturn Ave	0.63mi	3/1.0	960 (+4%)	2mo	$72,000	$75	63
1279 W 20th St	0.53mi	2/1.0 (-1)	962 (+4%)	1mo	$87,500	$91	63
1519 8th St W	0.53mi	3/1.0	996 (+7%)	0mo	$20,000	$20	63
1593 W 11th St	0.62mi	2/1.0 (-1)	920 (-1%)	6mo	$125,000	$136	60
2822 Flanders St #8-19	0.68mi	2/1.0 (-1)	983 (+6%)	5mo	$58,000	$59	49
2810 Jupiter Ave	0.58mi	2/1.0 (-1)	824 (-11%)	6mo	$37,500	$46	45
1339 Hart St	0.54mi	2/2.0 (-1)	818 (-12%)	4mo	$199,017	$243	42
3410 N Lee St	0.72mi	3/1.0	1,056 (+14%)	3mo	$100,000	$95	41

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: -4.7%
• Equity multiple: 0.83×
• Total profit: $-4,778
• Equity at exit: $14,612

10-year hold

• IRR: 3.5%
• Equity multiple: 1.24×
• Total profit: $6,648
• Equity at exit: $8,473

Cash invested: $27,440 (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: 7.5×

Monthly cashflow live

• Estimated rent: $1,094 high
• Mortgage (P&I): −$514
• Tax from tax record: −$115 /mo · $1,380/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$230
• Net cashflow: $194

Break-even live

Break-even rent $848

Max offer price $98,000

Occupancy floor 77%

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: $24,500
• Closing costs: $2,940
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1823 Francis St Jacksonville, FL	2.0	1.0	803	$975	$1.21	23d	1	0.14mi
1046 W 8th St Jacksonville, FL	2.0	1.0	750	$900	$1.20	23d	1	0.16mi
1044 Reiman St Jacksonville, FL	2.0	1.0	630	$895	$1.42	23d	1	0.16mi
1024 8th St W Jacksonville, FL	2.0	1.0	816	$950	$1.16	23d	1	0.17mi
1785 Mount Herman St Unit 1787 Jacksonville, FL	2.0	1.0	750	$900	$1.20	23d	1	0.21mi
2324 Moncrief Rd Unit 2324 Jacksonville, FL	2.0	1.0	900	$900	$1.00	23d	1	0.23mi
2532 Moncrief Rd Jacksonville, FL	2.0	1.0	700	$900	$1.29	23d	1	0.28mi
2314 Teal St Jacksonville, FL	2.0	1.0	750	$1,150	$1.53	23d	1	0.31mi
1666 Myrtle Ave N Unit 1666 Jacksonville, FL	2.0	1.0	700	$925	$1.32	23d	1	0.33mi
1235 W 5th St Jacksonville, FL	2.0	1.0	600	$895	$1.49	23d	1	0.39mi
2904 Moncrief Rd Jacksonville, FL	3.0	1.0	952	$1,100	$1.16	23d	1	0.43mi
1454 Francis St Jacksonville, FL	3.0	2.0	1084	$1,243	$1.15	23d	1	0.44mi
2811 N Myrtle Ave #1 Jacksonville, FL	2.0	2.0	855	$1,121	$1.31	4d	1	0.46mi
2811 Venus St Jacksonville, FL	2.0	1.0	830	$1,087	$1.31	4d	1	0.54mi
1538 Ella St Unit 1 Jacksonville, FL	2.0	1.0	700	$1,100	$1.57	23d	1	0.54mi
1460 W 5th St Unit 1 Jacksonville, FL	2.0	1.0	700	$850	$1.21	12d	1	0.56mi
1460 W 5th St Jacksonville, FL	2.0	1.0	675	$875	$1.30	12d	1	0.56mi
1537 W 7th St Jacksonville, FL	3.0	1.0	950	$1,050	$1.11	7d	1	0.57mi
1537 7th St W Unit B Jacksonville, FL	3.0	1.0	950	$1,050	$1.11	23d	1	0.57mi
1320 Francis St Jacksonville, FL	2.0	2.0	1003	$1,095	$1.09	23d	1	0.57mi
2817 Mars Ave Jacksonville, FL	2.0	1.0	945	$975	$1.03	21d	1	0.58mi
1531 Louisiana St Unit 3 Jacksonville, FL	2.0	1.0	663	$850	$1.28	23d	1	0.58mi
1230 W 3rd St Jacksonville, FL	2.0	1.0	750	$950	$1.27	23d	3	0.58mi
1478 W 5th St Jacksonville, FL	3.0	1.0	960	$1,225	$1.28	23d	1	0.58mi
1478 W 5th St Jacksonville, FL	3.0	1.0	960	$1,225	$1.28	4d	1	0.58mi
1525 W 15th St Jacksonville, FL	3.0	1.0	1100	$1,245	$1.13	23d	1	0.59mi
1359 W 20th St Jacksonville, FL	2.0	1.0	901	$1,134	$1.26	17d	1	0.59mi
1185 W 22nd St Unit U Jacksonville, FL	2.0	1.0	900	$850	$0.94	7d	1	0.60mi
1570 Mc Conihe St Unit B Jacksonville, FL	2.0	1.0	714	$875	$1.23	23d	1	0.61mi
610 W 18th St Unit 1 Jacksonville, FL	2.0	1.0	750	$825	$1.10	23d	1	0.66mi
610 W 18th St Unit 2 Jacksonville, FL	2.0	1.0	750	$825	$1.10	2d	1	0.66mi
1437 Prince St Unit 1437 Jacksonville, FL	2.0	1.0	700	$1,120	$1.60	23d	1	0.66mi
1376 Prince St Jacksonville, FL	2.0	1.0	800	$1,050	$1.31	7d	1	0.67mi
1358 Prince St Jacksonville, FL	3.0	3.5	1044	$1,350	$1.29	21d	1	0.67mi
1358 Prince St Jacksonville, FL	3.0	2.5	1044	$1,350	$1.29	23d	1	0.67mi
1104 W 24th St Jacksonville, FL	2.0	1.0	786	$600	$0.76	17d	1	0.67mi
1124 W 25th St #4 Jacksonville, FL	2.0	1.0	676	$1,000	$1.48	23d	1	0.72mi
3416 N Lee St Unit 1 Jacksonville, FL	2.0	1.0	680	$995	$1.46	23d	1	0.73mi
1145 W 25th St Unit 1 Jacksonville, FL	2.0	1.0	676	$775	$1.15	17d	1	0.74mi
926 Eaverson St Unit 745-3 Jacksonville, FL	2.0	1.0	676	$800	$1.18	23d	1	0.75mi

Listing history 10 events

1. 2026-05-14
   status Pending 209-char remark

   Show marketing remark (209 chars)

   A Diamond in the Rough! This solid block home it situated in the well-established historic Durkeeville neighborhood. Bring your imagination and turn it into your dream home or investment property. Trustee Sale

2. 2026-05-14
   price $47,000 209-char remark

   Show marketing remark (209 chars)

   A Diamond in the Rough! This solid block home it situated in the well-established historic Durkeeville neighborhood. Bring your imagination and turn it into your dream home or investment property. Trustee Sale

3. 2026-05-14
   status Pending

   Show marketing remark (209 chars)

   A Diamond in the Rough! This solid block home it situated in the well-established historic Durkeeville neighborhood. Bring your imagination and turn it into your dream home or investment property. Trustee Sale

4. 2026-04-22
   status Active 209-char remark

   Show marketing remark (209 chars)

   A Diamond in the Rough! This solid block home it situated in the well-established historic Durkeeville neighborhood. Bring your imagination and turn it into your dream home or investment property. Trustee Sale

5. 2026-04-21
   status Active
6. 2026-04-06
   status Pending 209-char remark

   Show marketing remark (209 chars)

   A Diamond in the Rough! This solid block home it situated in the well-established historic Durkeeville neighborhood. Bring your imagination and turn it into your dream home or investment property. Trustee Sale

7. 2026-04-03
   status Pending
8. 2026-03-11
   listed $98,000 Active 209-char remark

   Show marketing remark (209 chars)

   A Diamond in the Rough! This solid block home it situated in the well-established historic Durkeeville neighborhood. Bring your imagination and turn it into your dream home or investment property. Trustee Sale

9. 2026-03-11
   listed $98,000 Active

   Show marketing remark (209 chars)

   A Diamond in the Rough! This solid block home it situated in the well-established historic Durkeeville neighborhood. Bring your imagination and turn it into your dream home or investment property. Trustee Sale

10. 1998-07-28
    soldstatus $25,000

ⓘ 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: $1,380 · $115/mo
• Projected year-2 tax: $1,380 · $115/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 5/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,127
• − Mortgage interest: −$5,490
• − Property taxes: −$1,380
• − Insurance: −$490
• − Repairs & maintenance: −$1,050
• − Management: −$1,050
• − Depreciation: −$2,851
• Taxable income: $816
• Est. tax owed @ 24.0%: −$196
• After-tax cash flow: $2,137/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

+88.0% since first listed

10 events — show timeline

• 2026-05-14 Pending — SCMLS
• 2026-05-14 Price Changed $47,000 SCMLS
• 2026-05-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-22 Relisted — SCMLS
• 2026-04-21 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-06 Pending — SCMLS
• 2026-04-03 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-11 Listed $98,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-11 Listed $98,000 SCMLS
• 1998-07-28 Sold (Public Records) $25,000 Public Records

Property tax history

+3.3%/yr

Latest (2025): $1,380 · +22.2% YoY. Source: county tax records.