1881 Jennings Way · Lakeside, FL 32068

$254,990

3 bd · 2.0 ba · 1,403 sqft · Townhouse · 44 Days on market

Built 2026 Good condition Est $239k · 7% over

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Why this score? — see what drove the D- 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 +10.2/30.0
• Schools +5.1/10.0
• ARV discount +4.4/15.0
• Condition / age +4.0/5.0
• Livability +3.4/5.0
• Rent growth +3.3/5.0
• 1% rule +3.0/10.0
• DSCR +2.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Enter through the covered porch into the foyer, where a powder bath and convenient access to the garage are located. Continue into the open-concept main level, featuring a kitchen that flows into the dining area and family room. A door connects the main living space to the rear patio, extending the home's usable area outdoors. Upstairs, a centrally located laundry room adds everyday functionality. The primary bedroom includes a private bath and walk-in closet, while two additional bedrooms share a full bathroom. The layout is designed for comfort, efficiency, and flexibility to best fit your needs.

Key facts

• Covered porch
• Private bath
• Rear patio

Tags

• COVERED PORCH
• OPEN-CONCEPT MAIN LEVEL
• KITCHEN FLOWS INTO DINING AREA
• REAR PATIO
• CENTRALLY LOCATED LAUNDRY ROOM
• PRIVATE BATH

Property features AI

Finance

• Other: Address: 1881 Jennings Way, Middleburg FL 32068
• Financial info: Listing price available

Exterior

• Parking: 1 parking space
• Utilities: Electric service; Central air
• Home design: Spec new-construction plan named Basel
• Exterior features: Living area approximately 1,403

Interior

• Kitchen: Dishwasher; Disposal; Microwave
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heat pump; Central air conditioning
• Interior features: Dishwasher; Disposal; Microwave

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $255k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-143 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $234k (8.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $205k (19.6% below list).
• Recommended offer: $205k (19.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#505 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B; Watch: amenities F, commute F, health & safety F.
• Clay (suburban): math 58% / reading 59% proficiency, ranked #14 of 73 in FL (top 19%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.4%/yr); 611 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,876 units permitted in Clay County in 2024 (14 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Clay 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 44 days — a 3% lower offer ($247k) is reasonable based on typical stale-listing flexibility.

Recommended offer $204,985 (19.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.80% ✗
• Cap rate: 5.62%
• Cash-on-cash: -2.40%
• DSCR: 0.89
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $238,510
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1568 Jeremiah St	0.75mi	3/2.5	1,468 (+5%)	6mo	$238,990	$163	51
1576 Jeremiah St	0.74mi	3/2.5	1,468 (+5%)	6mo	$245,990	$168	51
1580 Jeremiah St	0.74mi	3/2.5	1,468 (+5%)	7mo	$271,000	$185	50
1572 Jeremiah St	0.74mi	3/2.5	1,468 (+5%)	8mo	$259,000	$176	49
3839 Baxley Villas Ct	0.73mi	3/2.5	1,604 (+14%)	1mo	$287,000	$179	40
3891 Baxley Villas Ct	0.73mi	3/2.5	1,604 (+14%)	1mo	$259,990	$162	39
3875 Baxley Villas Ct	0.72mi	3/2.5	1,604 (+14%)	3mo	$269,990	$168	38
3849 Baxley Villas Ct	0.72mi	3/2.5	1,604 (+14%)	3mo	$285,000	$178	38
3861 Baxley Villas Ct	0.72mi	3/2.5	1,604 (+14%)	4mo	$280,000	$175	37
3873 Baxley Villas Ct	0.72mi	3/2.5	1,604 (+14%)	4mo	$269,900	$168	37
3877 Baxley Villas Ct	0.73mi	3/2.5	1,604 (+14%)	4mo	$272,990	$170	36

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 · 3.35% rent growth · sell at horizon

5-year hold

• IRR: -19.9%
• Equity multiple: 0.30×
• Total profit: $-49,659
• Equity at exit: $38,020

10-year hold

• IRR: -12.0%
• Equity multiple: 0.27×
• Total profit: $-51,834
• Equity at exit: $22,047

Cash invested: $71,397 (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 32068

• Home prices YoY: -27.5%
• Rents YoY: 3.4%
• Active inventory: 611
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,050 high
• Mortgage (P&I): −$1,337
• Tax est. 1.5%: −$319 /mo · $3,825/yr
• Insurance: −$106
• HOA: −$0
• Vacancy / Maint / Mgmt: −$430
• Net cashflow: $-143

Break-even live

Break-even rent $2,231

Max offer price $234,327

Occupancy floor —

Sensitivity live

Price	-10% $33	-5% $-55	+0% $-143	+5% $-231	+10% $-319
Rent	-10% $-305	-5% $-224	+0% $-143	+5% $-62	+10% $19
Rate	-1.0pp $-14	-0.5pp $-78	base $-143	+0.5pp $-209	+1.0pp $-276

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: $63,748
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3861 Baxley Villas Ct Middleburg, FL	3.0	2.5	1604	$2,000	$1.25	16d	1	0.73mi
1469 Jeremiah St Middleburg, FL	3.0	2.5	1468	$2,000	$1.36	24d	1	0.84mi
1854 Alberta Ct N Middleburg, FL	3.0	2.0	1190	$1,775	$1.49	24d	1	0.88mi
1871 Alberta Ct S Middleburg, FL	3.0	2.0	1524	$1,720	$1.13	24d	1	0.96mi
1809 Penzance Pkwy Middleburg, FL	3.0	2.0	1708	$2,100	$1.23	5d	1	0.97mi
1685 Bridger Trce Middleburg, FL	2.0	2.5	1210	$1,900	$1.57	24d	1	1.00mi
1633 Bridger Trce Middleburg, FL	3.0	2.5	1502	$1,900	$1.26	24d	1	1.02mi
1334 Camp Ridge Ln Middleburg, FL	3.0	2.0	1545	$2,175	$1.41	24d	1	1.12mi
1706 Foggy Day Dr Middleburg, FL	4.0	2.0	1792	$2,200	$1.23	3d	1	1.25mi
1793 Foggy Day Dr Middleburg, FL	3.0	2.0	1803	$2,100	$1.16	24d	1	1.37mi
3640 Alec Dr Middleburg, FL	3.0	2.0	1178	$1,710	$1.45	3d	1	1.37mi
1976 Hunters Trace Cir Middleburg, FL	3.0	2.0	1576	$1,880	$1.19	3d	1	1.43mi
3413 Alec Dr Middleburg, FL	3.0	2.0	1312	$1,711	$1.30	21d	1	1.47mi
1568 Backwater Dr Middleburg, FL	3.0	2.0	1594	$1,895	$1.19	24d	1	1.48mi

Listing history 14 events

1. 2026-06-21
   days on market $254,990 Active 44 DOM
2. 2026-06-18
   days on market $254,990 Active 41 DOM
3. 2026-06-17
   days on market $254,990 Active 40 DOM
4. 2026-06-16
   days on market $254,990 Active 39 DOM
5. 2026-06-15
   days on market $254,990 Active 38 DOM
6. 2026-06-13
   days on market $254,990 Active 36 DOM
7. 2026-06-13
   days on market $254,990 Active 35 DOM
8. 2026-06-09
   days on market $254,990 Active 32 DOM
9. 2026-06-08
   days on market $254,990 Active 31 DOM
10. 2026-06-07
    days on market $254,990 Active 30 DOM
11. 2026-06-03
    days on market $254,990 Active 26 DOM
12. 2026-06-02
    days on market $254,990 Active 25 DOM
13. 2026-06-01
    days on market $254,990 Active 24 DOM
14. 2026-05-31
    days on market $254,990 Active 23 DOM

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

Taxation est. · year 1

• Rental income: $24,598
• − Mortgage interest: −$14,283
• − Property taxes: −$3,825
• − Insurance: −$1,275
• − Repairs & maintenance: −$1,968
• − Management: −$1,968
• − Depreciation: −$7,418
• Taxable loss: −$6,139
• Est. tax savings @ 24.0%: +$1,473
• After-tax cash flow: $-240/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.

Condition & rehab AI · 6 photos

Good 80/100 None rehab

This well-maintained townhouse is in good condition with no major repairs needed. It offers a good balance of curb appeal and interior features, making it a solid investment opportunity.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics.
• Both Landscaping improvements — Enhanced landscaping can increase both resale and rental value.
• Resale Upgrading the kitchen appliances — Modern appliances can attract more buyers and renters.
• Both Adding smart home features — Smart home features can increase both resale and rental value by making the home more convenient and energy-efficient.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhanced landscaping can increase both resale and rental value. ↑
• Resale Upgrading the kitchen appliances — Modern appliances can attract more buyers and renters. ↑
• Both Adding smart home features — Smart home features can increase both resale and rental value by making the home more convenient and energy-efficient. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Clay
• NCES district ID: 1200300
• Math proficiency: 58% ▼ -8.00%
• Reading proficiency: 59% ▼ -3.00%
• Median HH income: $59,379
• Composite: 50.73/100
• National rank: #1815
• State rank: #14 of 73 in FL

Livability — Lakeside

• Score: 68/100
• State rank: #505
• US rank: #9341

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Clay County · 208,450 people
• Metro: Jacksonville, FL
• Population (ZIP): 58,983
• Household income: $84,431
• Rent vs Own: 20.7% rent · 79.3% own
• Severe rent burden: 975.0

Population outlook (Clay County) Hauer SSP2

• Today (2025): 230,495 people
• By 2030: 242,427 · +5.2%
• By 2040: 262,244 · +13.8%
• By 2050: 275,148 · +19.4%
• By 2075: 295,397 · +28.2%
• By 2100: 287,592 · +24.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 13% Two or more races 10% Black 7%
• Hispanic origin (detail): Mexican 2% Puerto Rican 5%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 2%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 87% English-only · Spanish 9% Arabic 1% German/W. Germanic 1%

Political lean MEDSL · Clay

• 2024 margin: Solid R (+39.3) · D 29.9% · R 69.2%
• 2008→2024 swing: +3.6pp toward D · 2008: -42.8pp · 2024: -39.3pp
• All cycles: 2024: R+39.3 2020: R+37.1 2016: R+44.3 2012: R+45.8 2008: R+42.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -115.99%
• Current HPI: 305.2531
• Rent YoY: ▲ 3.35%
• 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