861478 Worthington Dr · Yulee, FL 32097

$380,000

3 bd · 2.0 ba · 1,386 sqft · SingleFamily public records · 116 Days on market

Built 2005 0.57 ac lot Est $370k · at est. $18/mo HOA · 1% of rent

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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).

• Appreciation +10.0/10.0
• ARV discount +6.3/15.0
• Cash flow +6.0/30.0
• Schools +6.0/10.0
• Livability +3.3/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• 1% rule +1.0/10.0
• DSCR +0.4/10.0

Listing remarks MLS

Welcome to your dream home! Nestled in the heart of a highly desirable area, this charming .57-acre property boasts a host of desirable features. The home has a newly installed roof, providing peace of mind and ensuring years of worry-free living. While outside, you'll find a delightful above ground pool, offering the perfect spot to cool off on hot summer days. A convenient storage shed and Covered Boat/RV shelter, thoughtfully added by the seller, provide ample space to store outdoor equipment and vehicles, ensuring your belongings are always well-protected. House comes with a 10.5'x25' covered outside patio for cooking and entertaining. 26' diameter above ground pool, with new pump and sand filter. 16'x34' covered boat/rv shed with concrete pad and 10' clearance on entry way. Additional 8'x20' covered area off the boat/rv shed that has dirt flooring. Also has a 10'x20' Handy-House storage shed with a ramp for storage of lawn mowers or other tools is adjacent to the covered area. For added convenience, this home is equipped with a water softener, ensuring quality water throughout the property. Plus, rest easy knowing that a termite bond is in place, providing an extra layer of protection for your investment. Don't miss your chance to call this stunning property home. Schedule your showing today and start living the lifestyle you deserve!

Key facts

• Large carport
• Eat-in kitchen
• Above-ground pool

Tags

• OUTDOOR LIVING
• EAT-IN KITCHEN
• LARGE COVERED BACK PORCH
• FENCED BACKYARD
• ABOVE-GROUND POOL
• LARGE CARPORT

Property features AI

Finance

• HOA & community: Homeowners association with an annual fee of $216

Exterior

• Parking: Driveway; Two-car garage with garage door opener
• Security: Security system
• Utilities: Cable available; Private water (well); Septic tank
• Home design: Single-story home; Resale property; Shingle roof; Frame and stucco construction; Built by Richmond Homes
• Construction: Frame and stucco construction; Shingle roof
• Exterior features: Fenced yard; Sprinkler/irrigation system; Rear covered porch and patio

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Refrigerator; Stove
• Bedrooms: Main level bedroom (12'2" x 10'7"); Main level bedroom (10'7" x 10'1")
• Flooring: Plank/Vinyl flooring in living areas, kitchen, family room and bedrooms; Tile flooring in some bathrooms/areas
• Bathrooms: 2 full bathrooms; Main level bathroom (8'5" x 7'3"); Main level bathroom (10' x 7')
• Heating & cooling: Heat pump heating; Heat pump cooling
• Interior features: Ceiling fans; Storage space; Cable TV available; Window treatments; Aluminum window frames; Insulated windows; Blinds
• Laundry & utility: Owned water softener

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $380k.

Deal economics

• At list price, monthly cash flow is $-723 ($-9k/yr) — negative.
• To cash-flow at today's rent, offer at most $252k (33.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $229k (39.8% below list).
• Recommended offer: $229k (39.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#605 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A-, crime B+; Watch: amenities F, commute F, health & safety F.
• Nassau (town): math 74% / reading 65% proficiency, ranked #4 of 73 in FL (top 6%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+2.9%/yr); 596 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 953 units permitted in Nassau County in 2024 (24 in 5+ unit buildings).

Forward outlook

• In year one you build about $41k of equity ($3k loan paydown + $38k appreciation (10.0% local appreciation)).
• Nassau County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$65k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 116 days — a 9% lower offer ($346k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 12y ago; this cycle's ask has dropped $30k (7%) 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; major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $228,746 (39.8% 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 116 days. Have you received any prior offers? Is the seller open to a 40% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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 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: 0.60% ✗
• Cap rate: 4.01%
• Cash-on-cash: -8.15%
• DSCR: 0.64
• GRM: 13.8

CMA / ARV

• ARV (on-the-fly): $370,062
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
861478 Worthington Dr	0.00mi	3/2.0	1,386 (0%)	0mo	$370,255	$267	100
86152 Worthington Dr	0.68mi	3/2.0	1,346 (-3%)	8mo	$350,000	$260	57

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

Projected returns pro-forma

10.0% appreciation · 2.88% rent growth · sell at horizon

5-year hold

• IRR: 18.5%
• Equity multiple: 2.51×
• Total profit: $160,613
• Equity at exit: $342,334

10-year hold

• IRR: 17.2%
• Equity multiple: 5.78×
• Total profit: $508,583
• Equity at exit: $738,256

Cash invested: $106,400 (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 32097

• Home prices YoY: 19.5%
• Rents YoY: 2.9%
• Active inventory: 596
• Price-to-rent: 13.8×

Monthly cashflow live

• Estimated rent: $2,287 medium
• Mortgage (P&I): −$1,993
• Tax from tax record: −$361 /mo · $4,331/yr
• Insurance: −$158
• HOA: −$18
• Vacancy / Maint / Mgmt: −$480
• Net cashflow: $-723

Break-even live

Break-even rent $3,203

Max offer price $252,290

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: $95,000
• Closing costs: $11,400
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
96043 Starlight Ln Yulee, FL	3.0	2.0	1499	$2,099	$1.40	23d	1	1.45mi

HOA detail

• Monthly dues: $18 · $216/yr
• Likely covers: waterpool

Listing history 28 events

1. 2026-05-22
   status Pending
2. 2026-05-19
   status Active
3. 2026-05-07
   status Pending
4. 2026-04-09
   price $380,000
5. 2026-04-09
   price $380,000
6. 2026-04-03
   price $389,000
7. 2026-04-03
   price $389,000
8. 2026-03-09
   price $395,000
9. 2026-03-09
   price $395,000
10. 2026-01-14
    listed $410,000 Active
11. 2026-01-14
    listed $410,000 Active
12. 2024-07-29
    soldstatus $380,000
13. 2024-07-17
    soldstatus $380,000 Closed 1361-char remark

    Show marketing remark (1361 chars)

    Welcome to your dream home! Nestled in the heart of a highly desirable area, this charming .57-acre property boasts a host of desirable features. The home has a newly installed roof, providing peace of mind and ensuring years of worry-free living. While outside, you'll find a delightful above ground pool, offering the perfect spot to cool off on hot summer days. A convenient storage shed and Covered Boat/RV shelter, thoughtfully added by the seller, provide ample space to store outdoor equipment and vehicles, ensuring your belongings are always well-protected. House comes with a 10.5'x25' covered outside patio for cooking and entertaining. 26' diameter above ground pool, with new pump and sand filter. 16'x34' covered boat/rv shed with concrete pad and 10' clearance on entry way. Additional 8'x20' covered area off the boat/rv shed that has dirt flooring. Also has a 10'x20' Handy-House storage shed with a ramp for storage of lawn mowers or other tools is adjacent to the covered area. For added convenience, this home is equipped with a water softener, ensuring quality water throughout the property. Plus, rest easy knowing that a termite bond is in place, providing an extra layer of protection for your investment. Don't miss your chance to call this stunning property home. Schedule your showing today and start living the lifestyle you deserve!

14. 2024-06-21
    historical Active Under Contract 1361-char remark

    Show marketing remark (1361 chars)

    Welcome to your dream home! Nestled in the heart of a highly desirable area, this charming .57-acre property boasts a host of desirable features. The home has a newly installed roof, providing peace of mind and ensuring years of worry-free living. While outside, you'll find a delightful above ground pool, offering the perfect spot to cool off on hot summer days. A convenient storage shed and Covered Boat/RV shelter, thoughtfully added by the seller, provide ample space to store outdoor equipment and vehicles, ensuring your belongings are always well-protected. House comes with a 10.5'x25' covered outside patio for cooking and entertaining. 26' diameter above ground pool, with new pump and sand filter. 16'x34' covered boat/rv shed with concrete pad and 10' clearance on entry way. Additional 8'x20' covered area off the boat/rv shed that has dirt flooring. Also has a 10'x20' Handy-House storage shed with a ramp for storage of lawn mowers or other tools is adjacent to the covered area. For added convenience, this home is equipped with a water softener, ensuring quality water throughout the property. Plus, rest easy knowing that a termite bond is in place, providing an extra layer of protection for your investment. Don't miss your chance to call this stunning property home. Schedule your showing today and start living the lifestyle you deserve!

15. 2024-06-17
    price $398,000 1361-char remark

    Show marketing remark (1361 chars)

    Welcome to your dream home! Nestled in the heart of a highly desirable area, this charming .57-acre property boasts a host of desirable features. The home has a newly installed roof, providing peace of mind and ensuring years of worry-free living. While outside, you'll find a delightful above ground pool, offering the perfect spot to cool off on hot summer days. A convenient storage shed and Covered Boat/RV shelter, thoughtfully added by the seller, provide ample space to store outdoor equipment and vehicles, ensuring your belongings are always well-protected. House comes with a 10.5'x25' covered outside patio for cooking and entertaining. 26' diameter above ground pool, with new pump and sand filter. 16'x34' covered boat/rv shed with concrete pad and 10' clearance on entry way. Additional 8'x20' covered area off the boat/rv shed that has dirt flooring. Also has a 10'x20' Handy-House storage shed with a ramp for storage of lawn mowers or other tools is adjacent to the covered area. For added convenience, this home is equipped with a water softener, ensuring quality water throughout the property. Plus, rest easy knowing that a termite bond is in place, providing an extra layer of protection for your investment. Don't miss your chance to call this stunning property home. Schedule your showing today and start living the lifestyle you deserve!

16. 2024-06-07
    price $415,000 1361-char remark

    Show marketing remark (1361 chars)

    Welcome to your dream home! Nestled in the heart of a highly desirable area, this charming .57-acre property boasts a host of desirable features. The home has a newly installed roof, providing peace of mind and ensuring years of worry-free living. While outside, you'll find a delightful above ground pool, offering the perfect spot to cool off on hot summer days. A convenient storage shed and Covered Boat/RV shelter, thoughtfully added by the seller, provide ample space to store outdoor equipment and vehicles, ensuring your belongings are always well-protected. House comes with a 10.5'x25' covered outside patio for cooking and entertaining. 26' diameter above ground pool, with new pump and sand filter. 16'x34' covered boat/rv shed with concrete pad and 10' clearance on entry way. Additional 8'x20' covered area off the boat/rv shed that has dirt flooring. Also has a 10'x20' Handy-House storage shed with a ramp for storage of lawn mowers or other tools is adjacent to the covered area. For added convenience, this home is equipped with a water softener, ensuring quality water throughout the property. Plus, rest easy knowing that a termite bond is in place, providing an extra layer of protection for your investment. Don't miss your chance to call this stunning property home. Schedule your showing today and start living the lifestyle you deserve!

17. 2024-05-24
    listed $420,000 Active 1361-char remark

    Show marketing remark (1361 chars)

    Welcome to your dream home! Nestled in the heart of a highly desirable area, this charming .57-acre property boasts a host of desirable features. The home has a newly installed roof, providing peace of mind and ensuring years of worry-free living. While outside, you'll find a delightful above ground pool, offering the perfect spot to cool off on hot summer days. A convenient storage shed and Covered Boat/RV shelter, thoughtfully added by the seller, provide ample space to store outdoor equipment and vehicles, ensuring your belongings are always well-protected. House comes with a 10.5'x25' covered outside patio for cooking and entertaining. 26' diameter above ground pool, with new pump and sand filter. 16'x34' covered boat/rv shed with concrete pad and 10' clearance on entry way. Additional 8'x20' covered area off the boat/rv shed that has dirt flooring. Also has a 10'x20' Handy-House storage shed with a ramp for storage of lawn mowers or other tools is adjacent to the covered area. For added convenience, this home is equipped with a water softener, ensuring quality water throughout the property. Plus, rest easy knowing that a termite bond is in place, providing an extra layer of protection for your investment. Don't miss your chance to call this stunning property home. Schedule your showing today and start living the lifestyle you deserve!

18. 2024-05-24
    listed $398,000

    Show marketing remark (1361 chars)

    Welcome to your dream home! Nestled in the heart of a highly desirable area, this charming .57-acre property boasts a host of desirable features. The home has a newly installed roof, providing peace of mind and ensuring years of worry-free living. While outside, you'll find a delightful above ground pool, offering the perfect spot to cool off on hot summer days. A convenient storage shed and Covered Boat/RV shelter, thoughtfully added by the seller, provide ample space to store outdoor equipment and vehicles, ensuring your belongings are always well-protected. House comes with a 10.5'x25' covered outside patio for cooking and entertaining. 26' diameter above ground pool, with new pump and sand filter. 16'x34' covered boat/rv shed with concrete pad and 10' clearance on entry way. Additional 8'x20' covered area off the boat/rv shed that has dirt flooring. Also has a 10'x20' Handy-House storage shed with a ramp for storage of lawn mowers or other tools is adjacent to the covered area. For added convenience, this home is equipped with a water softener, ensuring quality water throughout the property. Plus, rest easy knowing that a termite bond is in place, providing an extra layer of protection for your investment. Don't miss your chance to call this stunning property home. Schedule your showing today and start living the lifestyle you deserve!

19. 2017-03-28
    soldstatus $176,000
20. 2017-03-27
    soldstatus $176,000
21. 2017-02-07
    listed $182,000
22. 2017-02-02
    listed $182,000
23. 2015-03-16
    historical
24. 2015-01-28
    listed $160,000
25. 2015-01-12
    listed $160,000
26. 2014-06-19
    listed $160,000
27. 2004-09-17
    soldstatus $1,950,400
28. 2004-07-14
    soldstatus $26,500

ⓘ 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: $4,331 · $361/mo
• Projected year-2 tax: $4,331 · $361/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 7/10 Severe
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°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 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,450
• − Mortgage interest: −$21,286
• − Property taxes: −$4,331
• − Insurance: −$1,900
• − Repairs & maintenance: −$2,196
• − Management: −$2,196
• − HOA: −$216
• − Depreciation: −$11,055
• Taxable loss: −$15,730
• Est. tax savings @ 24.0%: +$3,775
• After-tax cash flow: $-4,900/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: Nassau
• NCES district ID: 1201350
• Math proficiency: 74% ▼ -2.00%
• Reading proficiency: 65% ▼ -2.00%
• Median HH income: $58,267
• Composite: 59.79/100
• National rank: #899
• State rank: #4 of 73 in FL

Livability — Yulee

• Score: 66/100
• State rank: #605
• US rank: #11615

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Yulee, FL
• County: Nassau County · 67,729 people
• City population: 26,700
• Metro: Jacksonville, FL
• Population (ZIP): 26,700
• Household income: $93,161
• Rent vs Own: 19.8% rent · 80.2% own
• Severe rent burden: 404.0

Population outlook (Nassau County) Hauer SSP2

• Today (2025): 88,419 people
• By 2030: 92,679 · +4.8%
• By 2040: 99,257 · +12.3%
• By 2050: 103,378 · +16.9%
• By 2075: 109,726 · +24.1%
• By 2100: 107,006 · +21.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Two or more races 9% Black 9% Hispanic / Latino 8% Asian 1% Native American 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 4% Italian 3% Romanian 2%
• Foreign-born: 4% · Canada, Vietnam
• Languages at home: 93% English-only · Spanish 5% Vietnamese 1%

Political lean MEDSL · Nassau

• 2024 margin: Solid R (+46.9) · D 26.1% · R 73.1%
• 2008→2024 swing: -3.1pp toward R · 2008: -43.8pp · 2024: -46.9pp
• All cycles: 2024: R+46.9 2020: R+45.9 2016: R+50.2 2012: R+48.6 2008: R+43.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 49.35%
• Current HPI: 301.9299
• Rent YoY: ▲ 2.88%
• 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

+1334.0% since first listed

28 events — show timeline

• 2026-05-22 Pending — AINCAR
• 2026-05-19 Relisted — AINCAR
• 2026-05-07 Pending — AINCAR
• 2026-04-09 Price Changed $380,000 realMLS
• 2026-04-09 Price Changed $380,000 AINCAR
• 2026-04-03 Price Changed $389,000 realMLS
• 2026-04-03 Price Changed $389,000 AINCAR
• 2026-03-09 Price Changed $395,000 AINCAR
• 2026-03-09 Price Changed $395,000 realMLS
• 2026-01-14 Listed $410,000 AINCAR
• 2026-01-14 Listed $410,000 realMLS
• 2024-07-29 Sold (Public Records) $380,000 Public Records
• 2024-07-17 Sold (MLS) $380,000 realMLS
• 2024-06-21 Contingent — realMLS
• 2024-06-17 Price Changed $398,000 realMLS
• 2024-06-07 Price Changed $415,000 realMLS
• 2024-05-24 Listed $420,000 realMLS
• 2024-05-24 Listed $398,000 AINCAR
• 2017-03-28 Sold (Public Records) $176,000 Public Records
• 2017-03-27 Sold (MLS) $176,000 realMLS
• 2017-02-07 Listed $182,000 AINCAR
• 2017-02-02 Listed $182,000 realMLS
• 2015-03-16 Listing Removed — realMLS
• 2015-01-28 Listed $160,000 realMLS
• 2015-01-12 Listed $160,000 AINCAR
• 2014-06-19 Listed $160,000 AINCAR
• 2004-09-17 Sold (Public Records) $1,950,400 Public Records
• 2004-07-14 Sold (Public Records) $26,500 Public Records

Property tax history

+8.1%/yr

Latest (2025): $4,331 · +91.5% YoY. Source: county tax records.