3401 Townsend Blvd · Jacksonville, FL 32277

$115,000

2 bd · 2.5 ba · 1,349 sqft · Condo · 183 Days on market

Built 1974

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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 +16.6/30.0
• 1% rule +8.5/10.0
• ARV discount +7.5/15.0
• DSCR +5.2/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Here's a private balcony home where you can relax. This condo features two bedrooms and two and a half bathrooms giving privacy to you and your guests. Enjoy your morning coffee or watching the sunset on one of your patios. This location offers easy access to Publix and Jacksonville University.

Key facts

• Brand new appliances
• New a/c
• Listed 183 days

Tags

• BRAND NEW APPLIANCES
• NEW A/C
• EACH BEDROOM HAS A PATIO

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath condo listed at $115k.

Deal economics

• At list price, monthly cash flow is $70 ($842/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.0% 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 (+1.9%/yr); 118 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).
• This rent runs 30% of the median local income ($62k/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 $795 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 183 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts; this cycle's ask is 11458% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: HOA is 23% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 183 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.35% ✓
• Cap rate: 7.03%
• Cash-on-cash: 2.62%
• DSCR: 1.12
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.94% rent growth · sell at horizon

5-year hold

• IRR: -13.6%
• Equity multiple: 0.52×
• Total profit: $-15,556
• Equity at exit: $17,147

10-year hold

• IRR: -6.9%
• Equity multiple: 0.58×
• Total profit: $-13,366
• Equity at exit: $9,943

Cash invested: $32,200 (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 32277

• Rents YoY: 1.9%
• Active inventory: 118
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,549 high
• Mortgage (P&I): −$603
• Tax est. 1.5%: −$144 /mo · $1,725/yr
• Insurance: −$48
• HOA est. from 1 same-building comp: −$359
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $70

Break-even live

Break-even rent $1,460

Max offer price $115,000

Occupancy floor 90%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3460 Net Ct Jacksonville, FL	3.0	2.0	1292	$1,869	$1.45	3d	1	0.15mi
3450 Townsend Blvd Jacksonville, FL	3.0	1.0–2.0	816	$1,236	$1.51	14d	13	0.16mi
3501 Townsend Blvd Jacksonville, FL	3.0	1.0–2.5	816	$1,330	$1.63	1d	25	0.23mi
3545 Villa Pl Jacksonville, FL	3.0	2.0	1386	$1,695	$1.22	23d	1	0.30mi
3544 Villa Pl Jacksonville, FL	2.0	2.0	1086	$1,400	$1.29	23d	1	0.30mi
3523 Colony Cove Trl W Jacksonville, FL	2.0	2.0	1062	$1,450	$1.37	23d	1	0.33mi
7608 Rain Forest Dr N Jacksonville, FL	3.0	2.0	1312	$1,745	$1.33	21d	1	0.37mi
7609 Tacony Dr Jacksonville, FL	3.0	1.0	1176	$1,450	$1.23	23d	1	0.43mi
7609 Tacony Dr Jacksonville, FL	3.0	1.0	1176	$1,450	$1.23	4d	1	0.43mi
7537 Dalehurst Dr S Jacksonville, FL	3.0	2.0	1170	$1,524	$1.30	4d	1	0.47mi
2921 Mansion Rd Jacksonville, FL	3.0	2.0	1450	$1,845	$1.27	23d	1	0.49mi
7027 Berrywood Ln Jacksonville, FL	3.0	2.0	1247	$1,875	$1.50	23d	1	0.51mi
3459 Rogero Rd Jacksonville, FL	3.0	2.0	1322	$1,695	$1.28	23d	1	0.72mi
7716 Monetta Dr Jacksonville, FL	3.0	2.0	1401	$1,716	$1.22	23d	1	0.73mi
3683 Hartsfield Forest Cir Jacksonville, FL	3.0	2.5	1716	$1,700	$0.99	23d	1	0.88mi
3654 Hartsfield Forest Cir Jacksonville, FL	3.0	2.5	1716	$1,800	$1.05	14d	1	0.93mi
3617 Hartsfield Forest Cir Jacksonville, FL	3.0	2.5	1701	$1,698	$1.00	7d	1	0.94mi
7925 Merrill Rd Jacksonville, FL	1.0–3.0	1.0–2.0	1065	$1,438	$1.35	1d	46	0.95mi
2845 Holly Point Dr Jacksonville, FL	3.0	2.0	1612	$1,995	$1.24	23d	1	1.01mi
6111 Shetland Rd Jacksonville, FL	3.0	2.0	1075	$1,595	$1.48	7d	1	1.06mi
6308 Merrill Rd Jacksonville, FL	3.0	2.0	1292	$1,585	$1.23	7d	1	1.08mi
6260 Merrill Rd Jacksonville, FL	3.0	2.0	1600	$1,645	$1.03	4d	1	1.10mi
8230 Dames Point Crossing Blvd N #1103 Jacksonville, FL	2.0	2.5	1100	$1,100	$1.00	10d	1	1.15mi
3517 Peeler Rd #23 Jacksonville, FL	2.0	1.5	1139	$1,195	$1.05	7d	1	1.17mi
7656 Arble Dr Jacksonville, FL	2.0	1.5	1192	$1,490	$1.25	4d	1	1.18mi
2328 Caladium Rd Jacksonville, FL	3.0	2.0	1425	$1,595	$1.12	23d	1	1.22mi
5940 Wentworth Cir S Jacksonville, FL	3.0	2.0	1874	$1,895	$1.01	23d	1	1.23mi
7920 Merrill Rd Jacksonville, FL	2.0–3.0	2.0	1048	$1,100	$1.05	17d	5	1.26mi
7920 Merrill Rd Jacksonville, FL	2.0–3.0	2.0	1048	$1,250	$1.19	1d	3	1.26mi
7920 Merrill Rd Jacksonville, FL	2.0–3.0	2.0	1048	$1,200	$1.14	7d	4	1.26mi
8291 Dames Point Crossing Blvd N Jacksonville, FL	1.0	1.0	1017	$1,395	$1.37	1d	1	1.27mi
2917 Cesery Blvd Jacksonville, FL	3.0	2.0	1200	$1,595	$1.33	23d	1	1.27mi
8543 Fort Caroline Rd Jacksonville, FL	3.0	1.0	957	$1,800	$1.88	23d	1	1.29mi
6055 Carolines Ct Jacksonville, FL	3.0	2.5	1382	$1,598	$1.16	19d	1	1.37mi
5959 Fort Caroline Rd Jacksonville, FL	1.0–3.0	1.0–2.0	1008	$1,260	$1.25	7d	9	1.39mi
3780 University Club Blvd Jacksonville, FL	1.0–3.0	1.0–2.0	861	$1,396	$1.62	3d	55	1.40mi
3920 University Club Blvd Jacksonville, FL	3.0	2.0	1585	$1,850	$1.17	4d	1	1.43mi
6311 Sprinkle Dr N Jacksonville, FL	3.0	1.5	960	$1,581	$1.65	19d	1	1.45mi
5755 Bourbon Aly S Unit 14-055D Jacksonville, FL	2.0	1.5	1150	$1,250	$1.09	23d	1	1.47mi
5755 Bourbon Aly S Unit 14-055A Jacksonville, FL	2.0	1.5	1150	$1,250	$1.09	4d	1	1.47mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 20 events

1. 2026-06-03
   days on market $115,000 Active 183 DOM
2. 2026-06-02
   days on market $115,000 Active 182 DOM
3. 2026-06-01
   days on market $115,000 Active 181 DOM
4. 2026-05-31
   days on market $115,000 Active 180 DOM
5. 2026-03-19
   historical 296-char remark

   Show marketing remark (296 chars)

   Here's a private balcony home where you can relax. This condo features two bedrooms and two and a half bathrooms giving privacy to you and your guests. Enjoy your morning coffee or watching the sunset on one of your patios. This location offers easy access to Publix and Jacksonville University.

6. 2026-02-28
   historical $995
7. 2026-02-27
   listed $995
8. 2026-01-20
   historical $995
9. 2026-01-15
   price $995
10. 2025-12-16
    listed $1,025
11. 2025-12-12
    price $119,995 296-char remark

    Show marketing remark (296 chars)

    Here's a private balcony home where you can relax. This condo features two bedrooms and two and a half bathrooms giving privacy to you and your guests. Enjoy your morning coffee or watching the sunset on one of your patios. This location offers easy access to Publix and Jacksonville University.

12. 2025-12-02
    listed $115,000 Active
13. 2025-12-01
    listed $125,000 Active 296-char remark

    Show marketing remark (296 chars)

    Here's a private balcony home where you can relax. This condo features two bedrooms and two and a half bathrooms giving privacy to you and your guests. Enjoy your morning coffee or watching the sunset on one of your patios. This location offers easy access to Publix and Jacksonville University.

14. 2025-11-27
    historical $1,095
15. 2025-11-22
    listed $1,095
16. 2025-05-24
    historical $995
17. 2025-05-15
    price $995
18. 2025-05-01
    price $1,100
19. 2025-04-15
    listed $1,150
20. 1997-03-12
    soldstatus $280,000

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 21 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: $18,591
• − Mortgage interest: −$6,442
• − Property taxes: −$1,725
• − Insurance: −$575
• − Repairs & maintenance: −$1,487
• − Management: −$1,487
• − HOA: −$4,308
• − Depreciation: −$3,345
• Taxable loss: −$779
• Est. tax savings @ 24.0%: +$187
• After-tax cash flow: $1,029/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): 36,338
• Household income: $61,554
• Rent vs Own: 49.1% rent · 50.9% own
• Severe rent burden: 2550.0

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 0.68)
• Race & ethnicity: White 41% Black 36% Hispanic / Latino 16% Two or more races 10% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 7% Cuban 4%
• Common ancestry: Hispanic 5% Slovak 2% Lithuanian 1%
• Foreign-born: 15% · Canada, Jamaica, Vietnam
• Languages at home: 80% English-only · Spanish 10% French/Haitian/Cajun 4% Russian/Polish/Slavic 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: ▼ -180.79%
• Current HPI: 289.4062
• Rent YoY: ▲ 1.94%
• 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

-99.6% since first listed

16 events — show timeline

• 2026-03-19 Listing Removed — realMLS
• 2026-02-28 Rental Removed $995 BUILDIUM
• 2026-02-27 Listed for Rent $995 BUILDIUM
• 2026-01-20 Rental Removed $995 RENTALBEAST
• 2026-01-15 Price Changed $995 RENTALBEAST
• 2025-12-16 Listed for Rent $1,025 RENTALBEAST
• 2025-12-12 Price Changed $119,995 realMLS
• 2025-12-02 Listed $115,000 ForSaleByOwner.com
• 2025-12-01 Listed $125,000 realMLS
• 2025-11-27 Rental Removed $1,095 RENTALBEAST
• 2025-11-22 Listed for Rent $1,095 RENTALBEAST
• 2025-05-24 Rental Removed $995 BUILDIUM
• 2025-05-15 Price Changed $995 BUILDIUM
• 2025-05-01 Price Changed $1,100 BUILDIUM
• 2025-04-15 Listed for Rent $1,150 BUILDIUM
• 1997-03-12 Sold (Public Records) $280,000 Public Records