2058 W 40th St · Jacksonville, FL 32209

$69,000

3 bd · 1.0 ba · 1,010 sqft · SingleFamily public records · 118 Days on market

Built 1950 7,405 sqft lot Est $81k · 15% under

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Why this score? — see what drove the B+ 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 +14.1/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

This well-kept home features a 3-year-old roof, a 2-year-old HVAC system, updated flooring with no carpet, and a remodeled kitchen and bathroom. The enclosed, air-conditioned front porch offers extra space for a variety of uses. You'll also find stainless steel appliances and an oversized carport for added convenience. Located in a quiet, established neighborhood with a large backyard, perfect for outdoor enjoyment. Close to schools, shopping, and other amenities. Schedule a showing today and see the potential for yourself!

Key facts

• Quiet street
• Mid-century home
• Original era

Tags

• MID-CENTURY HOME
• QUIET STREET
• MATURE TREES
• WELCOMING FRONT YARD
• ORIGINAL ERA
• COZY FUNCTIONAL SPACES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $511 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $69k).
• Recommended offer: $63k (9.0% below list) — sets the bar for market timing.
• Cap rate 15.2% vs local median 3.9% 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.
• Zoned schools: Grasp Academy (math 18% / reading 14%, grade F, #2,130 of 2,144 statewide, top 99%, 271 students, 52% FRL); Joseph Stilwell Middle School (math 31% / reading 33%, grade F, #448 of 571 statewide, top 79%, 612 students, 68% FRL); William M. Raines High School (math 14% / reading 13%, grade F, #616 of 667 statewide, top 92%, 1,217 students, 78% FRL) — zoned schools average 66% FRL vs 49% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 20% at this address vs 46% district-wide (-25 pts) — the specific schools serving this property underperform the Duval average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.8%/yr); 399 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $477 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 1.8% rent growth), your $19k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 118 days — a 9% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y ago; this cycle's ask has dropped $40k (37%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: 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→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $62,790 (9.0% below list)

Questions for the listing agent

1. It's been on market 118 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
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: 1.87% ✓
• Cap rate: 15.18%
• Cash-on-cash: 31.72%
• DSCR: 2.41
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $80,800
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2058 W 40th St	0.00mi	3/1.0	1,010 (0%)	1mo	$71,000	$70	99
2050 W 40th St	0.01mi	3/1.0	1,010 (0%)	3mo	$79,500	$79	97
2117 W 41st St	0.10mi	3/1.0	960 (-5%)	3mo	$19,000	$20	84
3838 Penton St	0.50mi	3/1.0	950 (-6%)	1mo	$110,000	$116	66
5352 Dodge Rd	0.50mi	3/2.0	1,050 (+4%)	3mo	$75,000	$71	63
5704 Xavier Rd	0.55mi	4/2.0 (+1)	1,058 (+5%)	2mo	$85,000	$80	56
3424 Gladys St	0.62mi	3/1.0	1,091 (+8%)	3mo	$98,000	$90	55
3430 Gladys St	0.62mi	3/1.0	923 (-9%)	5mo	$62,500	$68	53
5342 Mays Dr	0.58mi	3/1.0	900 (-11%)	4mo	$74,500	$83	51
3631 Effee St	0.56mi	3/2.0	1,120 (+11%)	1mo	$74,000	$66	51
2419 W 28 St	0.58mi	3/1.0	1,136 (+12%)	5mo	$125,000	$110	48
5248 Bunche Dr	0.68mi	3/1.0	900 (-11%)	3mo	$110,000	$122	48

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: 25.3%
• Equity multiple: 2.03×
• Total profit: $19,858
• Equity at exit: $10,288

10-year hold

• IRR: 32.3%
• Equity multiple: 3.75×
• Total profit: $53,211
• Equity at exit: $5,966

Cash invested: $19,320 (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: 399
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,293 high
• Mortgage (P&I): −$362
• Tax from tax record: −$120 /mo · $1,444/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$272
• Net cashflow: $511

Break-even live

Break-even rent $647

Max offer price $69,000

Occupancy floor 56%

Sensitivity live

Price	-10% $550	-5% $530	+0% $511	+5% $491	+10% $472
Rent	-10% $409	-5% $460	+0% $511	+5% $562	+10% $613
Rate	-1.0pp $545	-0.5pp $528	base $511	+0.5pp $493	+1.0pp $475

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2050 W 40th St Jacksonville, FL	3.0	1.0	1010	$1,350	$1.34	18d	1	0.02mi
2171 W 40th St Jacksonville, FL	2.0	1.0	700	$950	$1.36	25d	1	0.14mi
5306 Paris Ave Jacksonville, FL	3.0	1.0	944	$1,150	$1.22	25d	1	0.26mi
1867 W 41st St Jacksonville, FL	3.0	2.0	1218	$1,325	$1.09	19d	1	0.33mi
2268 W 44th St Jacksonville, FL	3.0	2.0	1077	$1,440	$1.34	6d	1	0.33mi
2108 Talladega Rd Jacksonville, FL	3.0	2.0	1160	$1,579	$1.36	6d	1	0.36mi
5035 Campenella Dr Jacksonville, FL	3.0	1.0	875	$1,095	$1.25	25d	1	0.38mi
1959 W 45th St Jacksonville, FL	2.0	1.0	895	$1,245	$1.39	15d	1	0.38mi
2069 Talladega Rd Jacksonville, FL	4.0	2.0	1152	$1,298	$1.13	6d	1	0.39mi
1823 W 44th St Jacksonville, FL	3.0	2.0	1066	$1,500	$1.41	25d	1	0.47mi
1803 W 44th St Unit 1803 Jacksonville, FL	2.0	1.0	750	$950	$1.27	9d	1	0.49mi
5350 Dodge Rd Jacksonville, FL	3.0	1.0	1000	$1,500	$1.50	25d	1	0.50mi
5352 Dodge Rd Jacksonville, FL	3.0	2.0	1050	$1,261	$1.20	25d	1	0.51mi
1863 W 29th St Jacksonville, FL	3.0	2.0	956	$1,190	$1.24	23d	1	0.52mi
1839 W 30th St Jacksonville, FL	3.0	1.0	828	$1,050	$1.27	25d	1	0.53mi
1834 Meharry Ave Jacksonville, FL	3.0	1.0	1291	$1,295	$1.00	6d	1	0.56mi
5217 Mays Dr Jacksonville, FL	3.0	1.0	900	$1,250	$1.39	9d	1	0.57mi
1837 W 28th St Jacksonville, FL	3.0	2.0	1333	$1,600	$1.20	25d	1	0.58mi
3516 Penton St Jacksonville, FL	3.0	1.0	1000	$1,350	$1.35	25d	1	0.59mi
5326 Mays Dr Jacksonville, FL	3.0	1.0	900	$1,200	$1.33	25d	1	0.60mi
5531 Agra Ct Jacksonville, FL	3.0	1.0	988	$1,295	$1.31	16d	1	0.62mi
5227 Bunche Dr Jacksonville, FL	3.0	2.0	1174	$1,450	$1.24	25d	1	0.63mi
1830 W 27th St Jacksonville, FL	3.0	2.0	952	$1,375	$1.44	25d	1	0.64mi
1653 W 35th St Jacksonville, FL	2.0	1.0	800	$825	$1.03	25d	1	0.64mi
1842 W 26th St Jacksonville, FL	3.0	2.0	933	$1,200	$1.29	25d	1	0.66mi
1737 W 28th St Jacksonville, FL	3.0	1.0	1105	$700	$0.63	25d	1	0.67mi
5565 Minosa Cir E Jacksonville, FL	3.0	1.0	1227	$1,400	$1.14	6d	1	0.68mi
2092 Benedict Rd Jacksonville, FL	3.0	1.0	816	$1,095	$1.34	25d	1	0.68mi
2151 Wilberforce Rd Jacksonville, FL	3.0	2.0	1166	$1,249	$1.07	25d	1	0.68mi
1968 W 23rd St Unit Main Jacksonville, FL	3.0	2.0	1106	$1,400	$1.27	23d	1	0.71mi
1971 W 22nd St Jacksonville, FL	3.0	1.0	1094	$1,095	$1.00	9d	1	0.73mi
5428 Bunche Dr Jacksonville, FL	3.0	1.0	900	$1,600	$1.78	25d	1	0.75mi
1636 W 28th St Jacksonville, FL	3.0	2.0	912	$1,375	$1.51	25d	1	0.77mi
4813 Moncrief Rd Jacksonville, FL	2.0–3.0	1.0	755	$920	$1.22	4d	8	0.77mi
1599 W 30th St Unit B Jacksonville, FL	2.0	1.0	780	$1,150	$1.47	16d	1	0.77mi
1584 W 31st St Unit 3 Jacksonville, FL	2.0	1.0	832	$900	$1.08	25d	1	0.78mi
1587 W 30th St Jacksonville, FL	3.0	1.0	1363	$1,450	$1.06	16d	1	0.79mi
5736 Teeler Ave Jacksonville, FL	3.0	1.0	852	$1,000	$1.17	25d	1	0.80mi
1551 W 33rd St #2 Jacksonville, FL	2.0	1.0	842	$795	$0.94	22d	1	0.81mi
1625 W 26th St Unit 2 Jacksonville, FL	2.0	1.0	750	$800	$1.07	25d	1	0.82mi

Listing history 20 events

1. 2026-04-02
   status Pending
2. 2026-03-17
   status Active
3. 2026-03-07
   status Pending
4. 2026-02-26
   price $69,000
5. 2026-01-28
   price $84,000
6. 2026-01-02
   price $99,000
7. 2025-11-24
   listed $109,000 Active
8. 2025-08-11
   historical 529-char remark

   Show marketing remark (529 chars)

   This well-kept home features a 3-year-old roof, a 2-year-old HVAC system, updated flooring with no carpet, and a remodeled kitchen and bathroom. The enclosed, air-conditioned front porch offers extra space for a variety of uses. You'll also find stainless steel appliances and an oversized carport for added convenience. Located in a quiet, established neighborhood with a large backyard, perfect for outdoor enjoyment. Close to schools, shopping, and other amenities. Schedule a showing today and see the potential for yourself!

9. 2025-05-12
   listed $160,000 Active 529-char remark

   Show marketing remark (529 chars)

   This well-kept home features a 3-year-old roof, a 2-year-old HVAC system, updated flooring with no carpet, and a remodeled kitchen and bathroom. The enclosed, air-conditioned front porch offers extra space for a variety of uses. You'll also find stainless steel appliances and an oversized carport for added convenience. Located in a quiet, established neighborhood with a large backyard, perfect for outdoor enjoyment. Close to schools, shopping, and other amenities. Schedule a showing today and see the potential for yourself!

10. 2023-02-21
    soldstatus $145,000
11. 2023-02-17
    soldstatus $145,000 Sold 446-char remark

    Show marketing remark (446 chars)

    Highly Motivated Sellers!!!! Sellers will consider strongly paying some closing costs with a GOOD offer. make your showing today!!!! Perfect for 1st time home buyers. Brand new roof, with new flooring and remodeled kitchen and bathroom. Huge backyard on a quiet established neighborhood close to shopping and schools. Bring your pickiest buyers for a showing. Sellers are open to closing costs and new appliances will be installed by closing.

12. 2022-12-24
    status Pending 446-char remark

    Show marketing remark (446 chars)

    Highly Motivated Sellers!!!! Sellers will consider strongly paying some closing costs with a GOOD offer. make your showing today!!!! Perfect for 1st time home buyers. Brand new roof, with new flooring and remodeled kitchen and bathroom. Huge backyard on a quiet established neighborhood close to shopping and schools. Bring your pickiest buyers for a showing. Sellers are open to closing costs and new appliances will be installed by closing.

13. 2022-12-14
    historical Active - Contingent 446-char remark

    Show marketing remark (446 chars)

    Highly Motivated Sellers!!!! Sellers will consider strongly paying some closing costs with a GOOD offer. make your showing today!!!! Perfect for 1st time home buyers. Brand new roof, with new flooring and remodeled kitchen and bathroom. Huge backyard on a quiet established neighborhood close to shopping and schools. Bring your pickiest buyers for a showing. Sellers are open to closing costs and new appliances will be installed by closing.

14. 2022-12-09
    price $149,993 446-char remark

    Show marketing remark (446 chars)

    Highly Motivated Sellers!!!! Sellers will consider strongly paying some closing costs with a GOOD offer. make your showing today!!!! Perfect for 1st time home buyers. Brand new roof, with new flooring and remodeled kitchen and bathroom. Huge backyard on a quiet established neighborhood close to shopping and schools. Bring your pickiest buyers for a showing. Sellers are open to closing costs and new appliances will be installed by closing.

15. 2022-11-12
    price $159,997 446-char remark

    Show marketing remark (446 chars)

    Highly Motivated Sellers!!!! Sellers will consider strongly paying some closing costs with a GOOD offer. make your showing today!!!! Perfect for 1st time home buyers. Brand new roof, with new flooring and remodeled kitchen and bathroom. Huge backyard on a quiet established neighborhood close to shopping and schools. Bring your pickiest buyers for a showing. Sellers are open to closing costs and new appliances will be installed by closing.

16. 2022-10-28
    listed $169,995 Active 446-char remark

    Show marketing remark (446 chars)

    Highly Motivated Sellers!!!! Sellers will consider strongly paying some closing costs with a GOOD offer. make your showing today!!!! Perfect for 1st time home buyers. Brand new roof, with new flooring and remodeled kitchen and bathroom. Huge backyard on a quiet established neighborhood close to shopping and schools. Bring your pickiest buyers for a showing. Sellers are open to closing costs and new appliances will be installed by closing.

17. 2022-08-03
    soldstatus $50,000
18. 2022-07-20
    soldstatus $50,000 Sold
19. 2022-04-25
    status Pending
20. 2022-04-20
    listed $40,000 Active

ⓘ 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: $1,444 · $120/mo
• Projected year-2 tax: $1,444 · $120/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 · 18 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: $15,518
• − Mortgage interest: −$3,865
• − Property taxes: −$1,444
• − Insurance: −$345
• − Repairs & maintenance: −$1,241
• − Management: −$1,241
• − Depreciation: −$2,007
• Taxable income: $5,374
• Est. tax owed @ 24.0%: −$1,290
• After-tax cash flow: $4,839/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

+72.5% since first listed

20 events — show timeline

• 2026-04-02 Pending — realMLS
• 2026-03-17 Relisted — realMLS
• 2026-03-07 Pending — realMLS
• 2026-02-26 Price Changed $69,000 realMLS
• 2026-01-28 Price Changed $84,000 realMLS
• 2026-01-02 Price Changed $99,000 realMLS
• 2025-11-24 Listed $109,000 realMLS
• 2025-08-11 Listing Removed — realMLS
• 2025-05-12 Listed $160,000 realMLS
• 2023-02-21 Sold (Public Records) $145,000 Public Records
• 2023-02-17 Sold (MLS) $145,000 realMLS
• 2022-12-24 Pending — realMLS
• 2022-12-14 Contingent — realMLS
• 2022-12-09 Price Changed $149,993 realMLS
• 2022-11-12 Price Changed $159,997 realMLS
• 2022-10-28 Listed $169,995 realMLS
• 2022-08-03 Sold (Public Records) $50,000 Public Records
• 2022-07-20 Sold (MLS) $50,000 realMLS
• 2022-04-25 Pending — realMLS
• 2022-04-20 Listed $40,000 realMLS

Property tax history

+4.0%/yr

Latest (2025): $1,444 · +10.3% YoY. Source: county tax records.