735 N Cypress Ave · Green Cove Springs, FL 32043

$245,000

3 bd · 2.0 ba · 1,281 sqft · SingleFamily public records · 131 Days on market

Built 2003 8,712 sqft lot Est $259k · 5% under

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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).

• ARV discount +9.9/15.0
• Cash flow +9.5/30.0
• Schools +5.1/10.0
• Livability +3.8/5.0
• 1% rule +2.9/10.0
• DSCR +2.7/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

A fantastic home in a great location! You will love the open floor plan and large kitchen with an abundance of cabinets and counter space. New dishwasher! Super private and fully-fenced backyard that backs to woods, making it a perfect place to entertain guests. Beautiful landscaping with angel trumpets–an oasis from a busy world. Attached garage with additional storage/utility room. Close proximity to town and local parks.

Key facts

• Near dining
• One-car garage
• Near shopping

Tags

• ONE-CAR GARAGE
• QUICK ACCESS TO FL-23
• NEAR PARKS
• NEAR RIVERFRONT RECREATION
• NEAR SHOPPING
• NEAR DINING

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Garage; 1-car garage
• Utilities: Electricity available; Water available
• Home design: Single-family residence; Residential use
• Exterior features: 0.2-acre lot

Interior

• Kitchen: Electric cooktop; Dishwasher; Refrigerator
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Dishwasher; Dryer; Electric cooktop; Electric water heater; Refrigerator; Washer
• Laundry & utility: Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $-171 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $215k (12.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $193k (21.1% below list).
• Recommended offer: $193k (21.1% below list) — sets the bar for 1% rule.
• Cap rate 5.5% vs local median 4.2% in Green Cove Springs — 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 75/100 on livability (#245 in FL, #3,868 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, amenities F, commute 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 flat; 885 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 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 $7k 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 131 days — a 12% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 23y ago; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• 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 $193,392 (21.1% 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 131 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.79% ✗
• Cap rate: 5.45%
• Cash-on-cash: -3.00%
• DSCR: 0.87
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $258,762
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
804 N Cypress Ave	0.06mi	3/1.0	1,299 (+1%)	0mo	$170,000	$131	91
1162 Buccaneer Blvd	0.30mi	3/2.0	1,248 (-3%)	6mo	$265,000	$212	76
1105 Buccaneer Blvd	0.14mi	3/2.0	1,386 (+8%)	6mo	$255,000	$184	75
1290 Spruce St	0.61mi	3/2.0	1,258 (-2%)	2mo	$275,000	$219	67
203 Walburg St	0.40mi	3/2.0	1,396 (+9%)	2mo	$350,000	$251	65
524 N Cypress Ave	0.32mi	3/2.0	1,438 (+12%)	0mo	$318,999	$222	65
1178 Buccaneer Blvd	0.33mi	3/2.0	1,408 (+10%)	5mo	$285,000	$202	64
719 Anne Bonney Dr	0.26mi	3/2.0	1,102 (-14%)	1mo	$233,000	$211	64
710 Anne Bonney Dr	0.25mi	3/2.0	1,448 (+13%)	9mo	$250,000	$173	59
1005 Palmer St	0.69mi	3/1.0	1,238 (-3%)	7mo	$219,000	$177	52
1217 Spruce St	0.59mi	4/2.0 (+1)	1,380 (+8%)	3mo	$259,000	$188	52
1111 Center St	0.67mi	4/1.5 (+1)	1,305 (+2%)	10mo	$228,000	$175	50

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 · 0.46% rent growth · sell at horizon

5-year hold

• IRR: -24.2%
• Equity multiple: 0.19×
• Total profit: $-55,394
• Equity at exit: $36,530

10-year hold

• IRR: -28.8%
• Equity multiple: -0.18×
• Total profit: $-80,945
• Equity at exit: $21,183

Cash invested: $68,600 (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 32043

• Home prices YoY: -26.3%
• Rents YoY: 0.5%
• Active inventory: 885
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,934 high
• Mortgage (P&I): −$1,285
• Tax from tax record: −$312 /mo · $3,746/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$406
• Net cashflow: $-171

Break-even live

Break-even rent $2,151

Max offer price $214,750

Occupancy floor —

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4019 Pine Ave Unit 1 Green Cove Springs, FL	3.0	2.5	1304	$1,850	$1.42	3d	1	0.44mi
4028 Pine Ave Unit 1 Green Cove Springs, FL	3.0	2.5	1304	$1,850	$1.42	3d	1	0.44mi
104 Saint Elmo Rd Green Cove Springs, FL	2.0	1.0	1120	$1,850	$1.65	24d	1	0.63mi
1408 N Orange Ave Green Cove Springs, FL	1.0–3.0	1.0	840	$1,375	$1.64	3d	36	0.65mi
410 Center St Green Cove Springs, FL	3.0	1.0	1100	$1,600	$1.45	24d	1	0.71mi
212 Saint Johns Ave Unit 212 Green Cove Springs, FL	3.0	2.0	1560	$2,300	$1.47	24d	1	0.82mi
806 Oak St Unit 14 Green Cove Springs, FL	2.0	2.0	1200	$1,600	$1.33	4d	1	0.98mi
806 Oak St Unit 10 Green Cove Springs, FL	2.0	1.0	1000	$1,400	$1.40	3d	1	0.98mi
806 Oak St Unit 10 Green Cove Springs, FL	2.0	1.0	1000	$1,400	$1.40	4d	1	0.98mi
806 Oak St Unit 14 Green Cove Springs, FL	2.0	2.0	1200	$1,600	$1.33	3d	1	0.98mi
2996 Majestic Oaks Ln Green Cove Springs, FL	4.0	2.0	1684	$1,951	$1.16	24d	1	1.20mi
1507 Julia St Green Cove Springs, FL	3.0	2.0	1621	$2,020	$1.25	2d	1	1.37mi

Listing history 28 events

1. 2026-06-18
   days on market $245,000 Active 131 DOM
2. 2026-06-17
   days on market $245,000 Active 130 DOM
3. 2026-06-16
   days on market $245,000 Active 129 DOM
4. 2026-06-15
   days on market $245,000 Active 128 DOM
5. 2026-06-13
   pricedays on market $245,000 Active 126 DOM
6. 2026-06-13
   days on market $248,000 Active 125 DOM
7. 2026-06-09
   days on market $248,000 Active 122 DOM
8. 2026-06-08
   days on market $248,000 Active 121 DOM
9. 2026-06-07
   days on market $248,000 Active 120 DOM
10. 2026-06-03
    days on market $248,000 Active 116 DOM
11. 2026-06-02
    days on market $248,000 Active 115 DOM
12. 2026-06-01
    days on market $248,000 Active 114 DOM
13. 2026-05-31
    days on market $248,000 Active 113 DOM
14. 2026-04-16
    status Active
15. 2026-03-17
    status Pending
16. 2026-03-09
    status Active
17. 2026-03-09
    price $248,000
18. 2026-03-05
    historical
19. 2026-03-03
    price $256,000
20. 2026-01-04
    listed $265,000 Active
21. 2022-04-05
    soldstatus $239,000 Sold 433-char remark

    Show marketing remark (433 chars)

    A fantastic home in a great location! You will love the open floor plan and large kitchen with an abundance of cabinets and counter space. New dishwasher! Super private and fully-fenced backyard that backs to woods, making it a perfect place to entertain guests. Beautiful landscaping with angel trumpets–an oasis from a busy world. Attached garage with additional storage/utility room. Close proximity to town and local parks.

22. 2022-04-05
    soldstatus $239,000 433-char remark

    Show marketing remark (433 chars)

    A fantastic home in a great location! You will love the open floor plan and large kitchen with an abundance of cabinets and counter space. New dishwasher! Super private and fully-fenced backyard that backs to woods, making it a perfect place to entertain guests. Beautiful landscaping with angel trumpets–an oasis from a busy world. Attached garage with additional storage/utility room. Close proximity to town and local parks.

23. 2022-03-08
    status Pending 433-char remark

    Show marketing remark (433 chars)

    A fantastic home in a great location! You will love the open floor plan and large kitchen with an abundance of cabinets and counter space. New dishwasher! Super private and fully-fenced backyard that backs to woods, making it a perfect place to entertain guests. Beautiful landscaping with angel trumpets–an oasis from a busy world. Attached garage with additional storage/utility room. Close proximity to town and local parks.

24. 2022-03-04
    listed $235,000 Active 433-char remark

    Show marketing remark (433 chars)

    A fantastic home in a great location! You will love the open floor plan and large kitchen with an abundance of cabinets and counter space. New dishwasher! Super private and fully-fenced backyard that backs to woods, making it a perfect place to entertain guests. Beautiful landscaping with angel trumpets–an oasis from a busy world. Attached garage with additional storage/utility room. Close proximity to town and local parks.

25. 2022-03-03
    listed $235,000 433-char remark

    Show marketing remark (433 chars)

    A fantastic home in a great location! You will love the open floor plan and large kitchen with an abundance of cabinets and counter space. New dishwasher! Super private and fully-fenced backyard that backs to woods, making it a perfect place to entertain guests. Beautiful landscaping with angel trumpets–an oasis from a busy world. Attached garage with additional storage/utility room. Close proximity to town and local parks.

26. 2004-01-06
    soldstatus $89,900
27. 2003-12-30
    soldstatus $89,900
28. 2003-07-28
    listed $89,900

ⓘ 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: $3,746 · $312/mo
• Projected year-2 tax: $3,746 · $312/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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,207
• − Mortgage interest: −$13,724
• − Property taxes: −$3,746
• − Insurance: −$1,225
• − Repairs & maintenance: −$1,857
• − Management: −$1,857
• − Depreciation: −$7,127
• Taxable loss: −$6,328
• Est. tax savings @ 24.0%: +$1,519
• After-tax cash flow: $-536/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: 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 — Green Cove Springs

• Score: 75/100
• State rank: #245
• US rank: #3868

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Green Cove Springs, FL
• County: Clay County · 208,450 people
• City population: 34,562
• Metro: Jacksonville, FL
• Population (ZIP): 34,562
• Household income: $84,145
• Rent vs Own: 21.3% rent · 78.7% own
• Severe rent burden: 449.0

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 (77%)
• Race & ethnicity: White 77% Black 10% Two or more races 7% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Slovak 3% Romanian 2% Lithuanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 5% French/Haitian/Cajun 1% Other Indo-European 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: ▼ -107.34%
• Current HPI: 301.3212
• Rent YoY: ▲ 0.46%
• 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

+175.9% since first listed

15 events — show timeline

• 2026-04-16 Relisted — realMLS
• 2026-03-17 Pending — realMLS
• 2026-03-09 Relisted — realMLS
• 2026-03-09 Price Changed $248,000 realMLS
• 2026-03-05 Listing Removed — realMLS
• 2026-03-03 Price Changed $256,000 realMLS
• 2026-01-04 Listed $265,000 realMLS
• 2022-04-05 Sold (MLS) $239,000 AINCAR
• 2022-04-05 Sold (MLS) $239,000 realMLS
• 2022-03-08 Pending — realMLS
• 2022-03-04 Listed $235,000 realMLS
• 2022-03-03 Listed $235,000 AINCAR
• 2004-01-06 Sold (Public Records) $89,900 Public Records
• 2003-12-30 Sold (MLS) $89,900 realMLS
• 2003-07-28 Listed $89,900 realMLS

Property tax history

+15.2%/yr

Latest (2025): $3,746 · +4.0% YoY. Source: county tax records.