957 Odessa Dr E · Jacksonville, FL 32254

$79,900

3 bd · 1.0 ba · 1,040 sqft · SingleFamily public records · 9 Days on market

Built 1950 0.26 ac lot Est $113k · 30% under

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Why this score? — see what drove the A 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +6.7/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

** This home is in Short Sale status and the bank will close quickly and approve an offer at the listing price! ** This 3-bedroom, 1-bath Jacksonville home presents an excellent opportunity for buyers or investors seeking value and potential. Conveniently located near I-295 in an established neighborhood, the property features a functional layout and a spacious lot with room to enhance or expand. Major system upgrades completed in 2024—including a new roof, A/C, and water heater—provide a strong foundation for future updates. Pairing a motivated seller and the price of the property being below market value for a timely sale, this home offers built-in equity with the right finishing touches. Perfect for those looking to renovate, rent, or add to an investment portfolio.

Key facts

• Mature surroundings
• Large backyard
• Detached garage

Tags

• DETACHED GARAGE
• LARGE BACKYARD
• RECREATIONAL OPPORTUNITIES
• MATURE SURROUNDINGS

Property features AI

Finance

• HOA & community: Property located in a senior community

Exterior

• Parking: Detached 2-car garage
• Utilities: Electricity connected
• Home design: Single-family ranch-style home; Single-story
• Exterior features: Lot of about 0.26 acres; No private pool

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Refrigerator included

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $381 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Cap rate 12.0% 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 (+1.7%/yr); 172 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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).
• At $1,340/mo this rent would consume 46% of the median local household income ($35k/yr) (locally 882% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $3k of equity ($552 loan paydown + $3k appreciation (3.4% local appreciation)).
• Duval County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.4% appreciation + 1.7% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 10, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 25y 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.
• Current owner paid $30k; list at $80k implies a 166% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.4% of price; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $79,900

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.68% ✓
• Cap rate: 12.02%
• Cash-on-cash: 20.46%
• DSCR: 1.91
• GRM: 5.0

CMA / ARV

• ARV (on-the-fly): $113,360
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1056 Hood Ave	0.75mi	3/1.0	1,024 (-2%)	2mo	$154,500	$151	61
1050 Hood Ave	0.74mi	3/1.0	1,051 (+1%)	4mo	$73,000	$69	60
3370 Deason Ave	0.72mi	3/1.0	1,043 (+0%)	12mo	$110,000	$105	56
3477 Lowell Ave	0.52mi	3/2.0	1,068 (+3%)	22mo	$169,000	$158	49
3518 Sunset St	0.63mi	3/1.0	940 (-10%)	7mo	$179,900	$191	48
740 Erie Ave	0.70mi	4/1.0 (+1)	1,024 (-2%)	20mo	$92,000	$90	44
3510 Andrews St	0.48mi	4/1.0 (+1)	1,152 (+11%)	14mo	$125,000	$109	43
3525 Commonwealth Ave	0.48mi	3/2.0	1,158 (+11%)	18mo	$170,000	$147	40
3368 Columbus Ave	0.70mi	3/1.0	955 (-8%)	17mo	$65,000	$68	39
3505 Rockwood Dr	0.62mi	3/2.0	1,164 (+12%)	15mo	$184,000	$158	34
3378 Lowell Ave	0.69mi	2/1.0 (-1)	900 (-14%)	9mo	$78,000	$87	33
3530 Shadow St	0.59mi	4/1.5 (+1)	1,165 (+12%)	21mo	$84,900	$73	28

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

Projected returns pro-forma

3.41% appreciation · 1.7% rent growth · sell at horizon

5-year hold

• IRR: 26.6%
• Equity multiple: 2.52×
• Total profit: $34,041
• Equity at exit: $37,798

10-year hold

• IRR: 26.1%
• Equity multiple: 4.70×
• Total profit: $82,881
• Equity at exit: $59,750

Cash invested: $22,372 (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 32254

• Home prices YoY: 1.2%
• Rents YoY: 1.7%
• Active inventory: 172
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,340 high
• Mortgage (P&I): −$419
• Tax from tax record: −$225 /mo · $2,700/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $381

Break-even live

Break-even rent $857

Max offer price $79,900

Occupancy floor 67%

Sensitivity live

Price	-10% $427	-5% $404	+0% $381	+5% $359	+10% $336
Rent	-10% $276	-5% $328	+0% $381	+5% $434	+10% $487
Rate	-1.0pp $422	-0.5pp $402	base $381	+0.5pp $361	+1.0pp $340

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5364 Mary Budd Ave Jacksonville, FL	3.0	2.0	836	$1,225	$1.47	3d	1	0.10mi
5148 Cain Ln Jacksonville, FL	3.0	1.0	1104	$1,306	$1.18	22d	1	0.33mi
3450 Lowell Ave Jacksonville, FL	3.0	2.0	1209	$1,578	$1.31	24d	1	0.58mi
3433 Brookhaven Dr Jacksonville, FL	2.0	1.0	754	$1,295	$1.72	8d	1	0.64mi
3368 Columbus Ave Jacksonville, FL	2.0	1.0	955	$1,300	$1.36	5d	1	0.71mi
3350 Sunnybrook Ave N Jacksonville, FL	2.0	1.0	900	$1,095	$1.22	24d	1	0.79mi
3326 W 1st St Jacksonville, FL	2.0	1.0	791	$995	$1.26	24d	1	0.79mi
3303 Broadway Ave Jacksonville, FL	3.0	2.0	1072	$1,550	$1.45	4d	1	0.80mi
3305 Sunnybrook Ave N Jacksonville, FL	2.0	1.0	1012	$1,021	$1.01	24d	1	0.84mi
1021 Woodstock Ave Jacksonville, FL	3.0	2.0	1012	$1,495	$1.48	24d	1	0.86mi
1021 Woodstock Ave Jacksonville, FL	3.0	2.0	1012	$1,495	$1.48	8d	1	0.86mi
1305 Melson Ave Jacksonville, FL	3.0	2.0	1224	$1,399	$1.14	21d	1	1.04mi
5405 Leaming Ave Jacksonville, FL	3.0	1.0	924	$1,199	$1.30	18d	1	1.12mi
3034 Detroit Cir E Jacksonville, FL	3.0	2.0	1300	$1,399	$1.08	24d	1	1.14mi
3055 2nd Street Cir Jacksonville, FL	3.0	1.5	1050	$1,340	$1.28	18d	1	1.14mi
3012 Imperial St Jacksonville, FL	3.0	1.0	1089	$1,395	$1.28	24d	1	1.16mi
3101 3rd Street Cir N Jacksonville, FL	2.0	1.0	870	$1,150	$1.32	8d	1	1.20mi
1037 Detroit St Jacksonville, FL	3.0	2.0	912	$1,250	$1.37	2d	1	1.20mi
1227 Dena St Jacksonville, FL	3.0	1.0	1033	$1,325	$1.28	24d	1	1.22mi
1612 Alfen St Jacksonville, FL	3.0	1.5	945	$1,113	$1.18	8d	1	1.30mi
2965 Sunset St Jacksonville, FL	3.0	2.0	1056	$1,375	$1.30	4d	1	1.33mi
2965 Sunset St Jacksonville, FL	3.0	1.5	1056	$1,375	$1.30	8d	1	1.33mi
2862 W 1st St Jacksonville, FL	2.0	1.0	800	$895	$1.12	4d	1	1.35mi
2862 W 1st St Unit 1 Jacksonville, FL	2.0	1.0	800	$895	$1.12	15d	1	1.35mi
2913 W 2nd St Jacksonville, FL	2.0	1.0	720	$1,000	$1.39	2d	1	1.35mi
2851 Sophia St Jacksonville, FL	2.0	1.0	846	$1,000	$1.18	24d	3	1.36mi
214 Santa Barbara Ave Jacksonville, FL	3.0	2.0	1127	$1,308	$1.16	15d	1	1.37mi
2852 W 1st St Jacksonville, FL	2.0	1.0	800	$895	$1.12	8d	1	1.37mi
2939 W 6th St Jacksonville, FL	3.0	2.0	1269	$1,225	$0.97	2d	1	1.40mi
3688 Dillon St Jacksonville, FL	3.0	2.0	1230	$1,421	$1.16	24d	1	1.42mi
912 Huron St Jacksonville, FL	2.0	1.0	900	$1,100	$1.22	15d	1	1.42mi
2902 W 5th St Jacksonville, FL	3.0	2.0	1379	$1,050	$0.76	8d	1	1.43mi

Listing history 8 events

1. 2026-06-18
   days on market $79,900 Active 9 DOM
2. 2026-06-17
   days on market $79,900 Active 8 DOM
3. 2026-06-16
   days on market $79,900 Active 7 DOM
4. 2026-06-15
   days on market $79,900 Active 6 DOM
5. 2026-06-13
   days on market $79,900 Active 4 DOM
6. 2026-06-13
   days on market $79,900 Active 3 DOM
7. 2026-06-10
   remarks 699-char remark
8. 2026-06-10
   listed $79,900 Active 1 DOM

ⓘ 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: $2,700 · $225/mo
• Projected year-2 tax: $2,700 · $225/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 19 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: $16,082
• − Mortgage interest: −$4,476
• − Property taxes: −$2,700
• − Insurance: −$400
• − Repairs & maintenance: −$1,287
• − Management: −$1,287
• − Depreciation: −$2,324
• Taxable income: $3,609
• Est. tax owed @ 24.0%: −$866
• After-tax cash flow: $3,710/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): 13,927
• Household income: $34,953
• Rent vs Own: 50.2% rent · 49.8% own
• Severe rent burden: 882.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 60% White 28% Two or more races 7% Hispanic / Latino 5%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Slovak 1% Hispanic 1% Lithuanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 4% French/Haitian/Cajun 2%

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: ▲ 3.41%
• Current HPI: 282.2981
• Rent YoY: ▲ 1.70%
• 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

+167.2% since first listed

25 events — show timeline

• 2026-06-09 Listed $79,900 realMLS
• 2026-02-16 Price Changed $100,000 realMLS
• 2026-01-12 Price Changed $111,500 realMLS
• 2025-11-17 Price Changed $116,500 realMLS
• 2025-11-17 Relisted — realMLS
• 2025-10-16 Pending — realMLS
• 2025-10-16 Listing Removed — realMLS
• 2025-10-10 Listed $100,000 realMLS
• 2025-06-17 Listing Removed — realMLS
• 2025-06-04 Price Changed $145,000 realMLS
• 2025-05-15 Price Changed $150,000 realMLS
• 2025-04-15 Listed $157,000 realMLS
• 2025-02-03 Listing Removed — realMLS
• 2025-01-18 Price Changed $157,000 realMLS
• 2024-12-10 Price Changed $165,000 realMLS
• 2024-11-15 Rental Removed $1,400 TURBOTENANT
• 2024-11-13 Listed $173,000 realMLS
• 2024-09-15 Listed for Rent $1,400 TURBOTENANT
• 2008-12-10 Listing Removed — realMLS
• 2008-12-05 Sold (MLS) $30,000 realMLS
• 2008-07-03 Listed $31,900 realMLS
• 2008-07-02 Listing Removed — realMLS
• 2008-02-12 Listed $74,000 realMLS
• 2001-09-12 Sold (MLS) $26,900 realMLS
• 2001-08-13 Listed $29,900 realMLS

Property tax history

+12.2%/yr

Latest (2025): $2,700 · +54.7% YoY. Source: county tax records.