5803 Jodphur Ct · Tallahassee, FL 32303

$162,000

3 bd · 2.0 ba · 912 sqft · SingleFamily public records · 266 Days on market

Built 1982 10,018 sqft lot Est $181k · 10% under

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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 +23.2/30.0
• ARV discount +12.1/15.0
• DSCR +7.4/10.0
• 1% rule +5.3/10.0
• Schools +4.3/10.0
• Livability +4.3/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MULTIPLE OFFERS SITUATION: Please submit highest and best offers by 5:00 PM EST 10/6/2020. Incredible opportunity and price on a fully renovated 3 bedroom/2 bathroom with 1 car garage home on a quiet cul-de-sac! New roof, HVAC, septic drain field, windows, doors, appliances(including washer/dryer), kitchen, bathrooms, electrical panel, water heater, floors, paint, and fixtures. Move in ready home features beautiful renovations throughout with low maintenance LVT floors. Home is charming and lives large for its size! Renovated kitchen with new cabinets, countertops, and appliances features new sliding glass door that opens to patio with views of large backyard. Go and show. Listing agent is part owner. As-is sale but home is in great shape.

Key facts

• 0.23 acre lot
• Garage
• Built 1982

Property features AI

Finance

• Financial info: Offered for sale

Exterior

• Parking: One-car garage
• Utilities: Septic tank
• Home design: Single-story; Brick and wood siding exterior
• Construction: Brick and wood siding construction
• Exterior features: Patio; Partial fencing; Paved road access

Interior

• Kitchen: Dishwasher; Refrigerator; Stove
• Bedrooms: Bedroom 2 (10x9); Bedroom 3 (10x9); Additional room (13x11)
• Bathrooms: 2 full bathrooms
• Interior features: Living room; Family room; Dining room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $162k.

Deal economics

• At list price, monthly cash flow is $293 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $162k).
• Recommended offer: $143k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 4.2% in Tallahassee — 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 86/100 on livability (#19 in FL, #429 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: employment D.
• Leon (urban): math 48% / reading 53% proficiency, ranked #33 of 73 in FL (top 45%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Springwood Elementary School (math 32% / reading 31%, grade F, #1,841 of 2,144 statewide, top 86%, 423 students, 69% FRL); Griffin Middle School (math 16% / reading 25%, grade F, #556 of 571 statewide, top 98%, 532 students, 77% FRL); Amos P. Godby High School (math 24% / reading 32%, grade F, #464 of 667 statewide, top 70%, 1,444 students, 63% FRL) — zoned schools average 70% FRL vs 45% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 27% at this address vs 50% district-wide (-24 pts) — the specific schools serving this property underperform the Leon average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+3.1%/yr); 238 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,765 units permitted in Leon County in 2024 (975 in 5+ unit buildings).
• This rent runs 32% 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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Leon County population projected at +23% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 266 days — a 12% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago; this cycle's ask has dropped $20k (11%) 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 $142,560 (12.0% below list)

Questions for the listing agent

1. It's been on market 266 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.03% ✓
• Cap rate: 8.46%
• Cash-on-cash: 7.74%
• DSCR: 1.34
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $180,576
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6426 Bombadil Dr	0.19mi	2/1.0 (-1)	912 (0%)	3mo	$176,000	$193	80
5798 Japonica Ct	0.09mi	3/2.0	1,032 (+13%)	5mo	$195,000	$189	70
6454 Bombadil Dr	0.21mi	2/1.0 (-1)	916 (+0%)	13mo	$170,000	$186	70
5715 Bombadil Ct	0.15mi	2/1.0 (-1)	949 (+4%)	10mo	$170,000	$179	69
5660 Maple Forest Dr	0.63mi	3/1.5	910 (-0%)	4mo	$205,000	$225	65
5633 Maple Forest Dr	0.54mi	3/2.0	900 (-1%)	14mo	$225,000	$250	61
5620 Cypress Cir	0.51mi	3/1.0	850 (-7%)	2mo	$185,000	$218	60
4520 Hickory Forest Cir	0.71mi	3/1.5	910 (-0%)	8mo	$180,000	$198	58
4812 Sampler Dr	0.40mi	3/2.0	1,014 (+11%)	6mo	$229,000	$226	57

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 · 3.12% rent growth · sell at horizon

5-year hold

• IRR: -4.4%
• Equity multiple: 0.84×
• Total profit: $-7,437
• Equity at exit: $24,155

10-year hold

• IRR: 5.4%
• Equity multiple: 1.40×
• Total profit: $18,236
• Equity at exit: $14,007

Cash invested: $45,360 (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 32303

• Rents YoY: 3.1%
• Active inventory: 238
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,672 medium
• Mortgage (P&I): −$850
• Tax from tax record: −$111 /mo · $1,333/yr
• Insurance: −$68
• HOA: −$0
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $293

Break-even live

Break-even rent $1,301

Max offer price $162,000

Occupancy floor 77%

Sensitivity live

Price	-10% $384	-5% $339	+0% $293	+5% $247	+10% $201
Rent	-10% $161	-5% $227	+0% $293	+5% $359	+10% $425
Rate	-1.0pp $374	-0.5pp $334	base $293	+0.5pp $251	+1.0pp $208

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: $40,500
• Closing costs: $4,860
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4895 Leah Ln Tallahassee, FL	2.0	2.0	1008	$1,800	$1.79	16d	1	0.95mi

Listing history 27 events

1. 2026-06-22
   days on market $162,000 Active 266 DOM
2. 2026-06-18
   days on market $162,000 Active 263 DOM
3. 2026-06-17
   days on market $162,000 Active 262 DOM
4. 2026-06-16
   days on market $162,000 Active 261 DOM
5. 2026-06-15
   days on market $162,000 Active 260 DOM
6. 2026-06-14
   days on market $162,000 Active 258 DOM
7. 2026-06-10
   days on market $162,000 Active 255 DOM
8. 2026-06-09
   days on market $162,000 Active 254 DOM
9. 2026-06-08
   days on market $162,000 Active 253 DOM
10. 2026-06-07
    days on market $162,000 Active 252 DOM
11. 2026-06-05
    days on market $162,000 Active 249 DOM
12. 2026-06-03
    days on market $162,000 Active 248 DOM
13. 2026-06-02
    days on market $162,000 Active 247 DOM
14. 2026-06-01
    days on market $162,000 Active 246 DOM
15. 2026-05-31
    days on market $162,000 Active 245 DOM
16. 2026-05-30
    days on market $162,000 Active 244 DOM
17. 2026-05-11
    status Active
18. 2026-05-08
    price $162,000
19. 2025-12-03
    historical Active Under Contract
20. 2025-12-02
    status Pending
21. 2025-11-12
    historical Contingent
22. 2025-09-26
    listed $182,000 Active
23. 2020-12-03
    soldstatus $157,200
24. 2020-11-25
    soldstatus $157,200 749-char remark

    Show marketing remark (749 chars)

    MULTIPLE OFFERS SITUATION: Please submit highest and best offers by 5:00 PM EST 10/6/2020. Incredible opportunity and price on a fully renovated 3 bedroom/2 bathroom with 1 car garage home on a quiet cul-de-sac! New roof, HVAC, septic drain field, windows, doors, appliances(including washer/dryer), kitchen, bathrooms, electrical panel, water heater, floors, paint, and fixtures. Move in ready home features beautiful renovations throughout with low maintenance LVT floors. Home is charming and lives large for its size! Renovated kitchen with new cabinets, countertops, and appliances features new sliding glass door that opens to patio with views of large backyard. Go and show. Listing agent is part owner. As-is sale but home is in great shape.

25. 2020-10-02
    listed $154,900 749-char remark

    Show marketing remark (749 chars)

    MULTIPLE OFFERS SITUATION: Please submit highest and best offers by 5:00 PM EST 10/6/2020. Incredible opportunity and price on a fully renovated 3 bedroom/2 bathroom with 1 car garage home on a quiet cul-de-sac! New roof, HVAC, septic drain field, windows, doors, appliances(including washer/dryer), kitchen, bathrooms, electrical panel, water heater, floors, paint, and fixtures. Move in ready home features beautiful renovations throughout with low maintenance LVT floors. Home is charming and lives large for its size! Renovated kitchen with new cabinets, countertops, and appliances features new sliding glass door that opens to patio with views of large backyard. Go and show. Listing agent is part owner. As-is sale but home is in great shape.

26. 1999-12-03
    soldstatus $60,500
27. 1992-07-01
    soldstatus $46,500

ⓘ 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: $1,333 · $111/mo
• Projected year-2 tax: $1,345 · $112/mo
• Expected delta: +$12/yr (+$1/mo · 0.9%)

ⓘ 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 ≥108°F today · 20 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: $20,064
• − Mortgage interest: −$9,075
• − Property taxes: −$1,333
• − Insurance: −$810
• − Repairs & maintenance: −$1,605
• − Management: −$1,605
• − Depreciation: −$4,713
• Taxable income: $923
• Est. tax owed @ 24.0%: −$222
• After-tax cash flow: $3,291/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: Leon
• NCES district ID: 1201110
• Math proficiency: 48% ▼ -13.00%
• Reading proficiency: 53% ▼ -5.00%
• Median HH income: $46,339
• Composite: 42.84/100
• National rank: #3131
• State rank: #33 of 73 in FL

Livability — Tallahassee

• Score: 86/100
• State rank: #19
• US rank: #429

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Leon County · 294,472 people
• City population: 294,472
• Metro: Tallahassee, FL
• Population (ZIP): 49,785
• Household income: $62,275
• Rent vs Own: 48.8% rent · 51.2% own
• Severe rent burden: 2919.0

Population outlook (Leon County) Hauer SSP2

• Today (2025): 315,507 people
• By 2030: 330,677 · +4.8%
• By 2040: 358,465 · +13.6%
• By 2050: 386,804 · +22.6%
• By 2075: 465,480 · +47.5%
• By 2100: 519,959 · +64.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 50% Black 34% Hispanic / Latino 8% Two or more races 8% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1% Cuban 2%
• Common ancestry: Slovak 2% Italian 1% Lithuanian 1%
• Foreign-born: 8% · Canada, Vietnam, China
• Languages at home: 89% English-only · Spanish 5% Arabic 1% French/Haitian/Cajun 1%

Political lean MEDSL · Leon

• 2024 margin: Strong D (+21.8) · D 60.3% · R 38.5% · Other 1.2%
• 2008→2024 swing: -2.5pp toward R · 2008: 24.3pp · 2024: 21.8pp
• All cycles: 2024: D+21.8 2020: D+28.3 2016: D+25.1 2012: D+23.6 2008: D+24.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -255.24%
• Current HPI: 241.3131
• Rent YoY: ▲ 3.12%
• Metro: Tallahassee, 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

+248.4% since first listed

11 events — show timeline

• 2026-05-11 Relisted — CATRS
• 2026-05-08 Price Changed $162,000 CATRS
• 2025-12-03 Contingent — CATRS
• 2025-12-02 Pending — CATRS
• 2025-11-12 Contingent — CATRS
• 2025-09-26 Listed $182,000 CATRS
• 2020-12-03 Sold (Public Records) $157,200 Public Records
• 2020-11-25 Sold (MLS) $157,200 CATRS
• 2020-10-02 Listed $154,900 CATRS
• 1999-12-03 Sold (Public Records) $60,500 Public Records
• 1992-07-01 Sold (Public Records) $46,500 Public Records

Property tax history

+7.2%/yr

Latest (2025): $1,333 · +2.8% YoY. Source: county tax records.