144 Spring St · Jacksonville, FL 32254

$120,000

3 bd · 1.0 ba · 864 sqft · SingleFamily public records · 18 Days on market

Built 1963 Est $98k · 23% over

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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 +21.6/30.0
• DSCR +6.9/10.0
• Appreciation +6.7/10.0
• 1% rule +5.9/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Property is listed at As-Is with a discounted price. The home has great bones and just needs a few things to get it back up and running! Don't miss out on this Concrete Block home located on Jacksonville's Northwest side. Buyer is responsible for all the due diligence. Utilities are disconnected - utilities can be connected during inspection period.

Key facts

• Parking
• Built 1963
• Listed 18 days

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: 1-car carport
• Utilities: Electricity connected; Sewer connected; Water connected
• Home design: Single-family residence; Used for residential purposes
• Exterior features: No private pool

Interior

• Kitchen: Electric range
• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Electric water heater; Electric range

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $182 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $118k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.1% 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 (+1.7%/yr); 172 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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).
• At $1,313/mo this rent would consume 45% of the median local household income ($35k/yr) (locally 882% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $5k of equity ($830 loan paydown + $4k appreciation (3.4% local appreciation)).
• Duval County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.4% appreciation + 1.7% rent growth), your $34k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 20 sale attempts since 23y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,200 (1.5% below list)

Questions for the listing agent

1. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.09% ✓
• Cap rate: 8.11%
• Cash-on-cash: 6.51%
• DSCR: 1.29
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $97,632
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
238 Shortreed St	0.11mi	2/1.0 (-1)	900 (+4%)	4mo	$62,000	$69	80
760 Westbrook Rd	0.37mi	2/1.0 (-1)	898 (+4%)	2mo	$101,150	$113	69
2965 Dignan St	0.22mi	2/2.0 (-1)	820 (-5%)	4mo	$60,000	$73	69
3140 Thomas St	0.37mi	3/1.0	928 (+7%)	3mo	$60,000	$65	68
2108 Yulee St	0.68mi	3/1.0	873 (+1%)	0mo	$117,000	$134	66
2081 Baldwin St	0.67mi	3/1.0	915 (+6%)	2mo	$47,000	$51	57
3034 Rayford St	0.58mi	2/1.0 (-1)	912 (+6%)	2mo	$160,000	$175	57
646 Day Ave	0.71mi	3/1.0	922 (+7%)	3mo	$180,000	$195	54
2070 Woodside St	0.69mi	3/1.0	800 (-7%)	4mo	$116,500	$146	52
3222 Warrington St	0.45mi	2/1.0 (-1)	758 (-12%)	2mo	$69,900	$92	52
2630 Beaverbrook Pl	0.61mi	2/1.0 (-1)	800 (-7%)	4mo	$176,500	$221	51
3248 Dignan St	0.55mi	2/1.0 (-1)	759 (-12%)	3mo	$80,000	$105	47

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

Projected returns pro-forma

3.41% appreciation · 1.7% rent growth · sell at horizon

5-year hold

• IRR: 13.9%
• Equity multiple: 1.80×
• Total profit: $27,042
• Equity at exit: $56,768

10-year hold

• IRR: 14.8%
• Equity multiple: 3.22×
• Total profit: $74,635
• Equity at exit: $89,737

Cash invested: $33,600 (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 32254

• Home prices YoY: 1.2%
• Rents YoY: 1.7%
• Active inventory: 172
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,313 high
• Mortgage (P&I): −$629
• Tax from tax record: −$176 /mo · $2,108/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $182

Break-even live

Break-even rent $1,082

Max offer price $120,000

Occupancy floor 81%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3035 Fitzgerald St Jacksonville, FL	2.0	1.0	900	$1,021	$1.13	3d	1	0.25mi
420 Sunshine St Jacksonville, FL	3.0	2.0	1050	$1,350	$1.29	1d	1	0.36mi
3118 Dignan St Jacksonville, FL	4.0	2.0	1103	$1,148	$1.04	1d	1	0.37mi
371 Smith St Jacksonville, FL	3.0	2.0	1050	$1,325	$1.26	4d	1	0.48mi
2587 Orchard St Jacksonville, FL	2.0	2.0	992	$1,295	$1.31	7d	1	0.52mi
3318 Dignan St Jacksonville, FL	3.0	2.0	960	$1,200	$1.25	23d	1	0.61mi
2551 Calvin St Jacksonville, FL	2.0	1.0	658	$600	$0.91	17d	1	0.62mi
2549 Calvin St Jacksonville, FL	2.0	1.0	658	$600	$0.91	17d	1	0.62mi
3323 Nolan St Jacksonville, FL	3.0	1.0	927	$1,050	$1.13	1d	1	0.63mi
2128 Woodside St Jacksonville, FL	2.0	1.0	776	$895	$1.15	23d	1	0.64mi
3319 Hunt St Jacksonville, FL	3.0	1.0	924	$1,295	$1.40	23d	1	0.64mi
841 Ontario St Jacksonville, FL	2.0	1.0	1000	$1,285	$1.28	23d	1	0.67mi
2325 Westbrook Cir N Jacksonville, FL	3.0	2.0	812	$1,200	$1.48	23d	1	0.71mi
3515 Dignan St Jacksonville, FL	3.0	1.0	915	$1,036	$1.13	3d	1	0.71mi
2980 Ernest St Jacksonville, FL	2.0	1.0	920	$1,200	$1.30	23d	1	0.73mi
3236 Phyllis St Unit 3244 Jacksonville, FL	2.0	1.0	720	$850	$1.18	23d	1	0.75mi
3250 Phyllis St Jacksonville, FL	2.0	1.0	720	$850	$1.18	23d	1	0.76mi
3356 Lenox Ave Jacksonville, FL	2.0	1.0	899	$999	$1.11	23d	1	0.77mi
2154 Placeda St Jacksonville, FL	4.0	1.5	1124	$1,500	$1.33	21d	1	0.77mi
809 McDuff Ave S Jacksonville, FL	2.0	1.0	1006	$995	$0.99	4d	1	0.79mi
2759 Dellwood Ave Jacksonville, FL	3.0	2.0	1080	$2,100	$1.94	20d	1	0.83mi
912 Huron St Jacksonville, FL	2.0	1.0	900	$1,100	$1.22	14d	1	0.83mi
1979 Yulee St Jacksonville, FL	3.0	2.0	1050	$1,500	$1.43	23d	1	0.85mi
3233 Dellwood Ave Jacksonville, FL	2.0	2.0	1000	$1,750	$1.75	23d	1	0.88mi
1213 Moat St Jacksonville, FL	2.0	2.5	1022	$1,283	$1.26	17d	1	0.89mi
3036 Green St Jacksonville, FL	3.0	1.0	924	$1,495	$1.62	23d	1	0.90mi
3312 Ernest St Jacksonville, FL	3.0	1.0	1065	$1,148	$1.08	23d	1	0.91mi
2701 Myra St Jacksonville, FL	3.0	1.0	1065	$1,595	$1.50	21d	1	0.93mi
2803 College St Jacksonville, FL	2.0	1.0	1100	$1,550	$1.41	14d	1	0.97mi
3353 Dellwood Ave Jacksonville, FL	3.0	1.0	934	$1,595	$1.71	17d	1	0.98mi
676 Bridal Ave Jacksonville, FL	3.0	2.0	1008	$1,450	$1.44	23d	1	0.98mi
2614 Dellwood Ave Jacksonville, FL	3.0	1.0	1122	$2,325	$2.07	4d	1	0.99mi
3012 Imperial St Jacksonville, FL	3.0	1.0	1089	$1,395	$1.28	23d	1	1.01mi
3313 Green St Jacksonville, FL	3.0	1.0	1058	$1,450	$1.37	7d	1	1.01mi
2613 Green St Jacksonville, FL	2.0	1.0	665	$1,150	$1.73	20d	1	1.05mi
2611 Green St Jacksonville, FL	2.0	1.0	728	$1,195	$1.64	14d	1	1.05mi
2611 Green St Jacksonville, FL	2.0	1.0	728	$1,195	$1.64	23d	1	1.05mi
2851 Sophia St Jacksonville, FL	2.0	1.0	846	$1,000	$1.18	23d	3	1.07mi
3609 Dellwood Ave Jacksonville, FL	2.0	2.0	936	$1,495	$1.60	23d	1	1.09mi
3233 Post St Jacksonville, FL	2.0	1.0	750	$1,095	$1.46	23d	1	1.10mi

Listing history 14 events

1. 2026-06-18
   days on market $120,000 Active 18 DOM
2. 2026-06-17
   days on market $120,000 Active 17 DOM
3. 2026-06-16
   days on market $120,000 Active 16 DOM
4. 2026-06-15
   days on market $120,000 Active 15 DOM
5. 2026-06-13
   days on market $120,000 Active 13 DOM
6. 2026-06-13
   days on market $120,000 Active 12 DOM
7. 2026-06-10
   days on market $120,000 Active 9 DOM
8. 2026-06-08
   days on market $120,000 Active 8 DOM
9. 2026-06-07
   days on market $120,000 Active 7 DOM
10. 2026-06-05
    days on market $120,000 Active 4 DOM
11. 2026-06-03
    days on market $120,000 Active 3 DOM
12. 2026-06-02
    days on market $120,000 Active 2 DOM
13. 2026-06-01
    remarks 699-char remark
14. 2026-06-01
    listed $120,000 Active 1 DOM

ⓘ 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: $2,108 · $176/mo
• Projected year-2 tax: $2,108 · $176/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 · 19 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: $15,755
• − Mortgage interest: −$6,722
• − Property taxes: −$2,108
• − Insurance: −$600
• − Repairs & maintenance: −$1,260
• − Management: −$1,260
• − Depreciation: −$3,491
• Taxable income: $313
• Est. tax owed @ 24.0%: −$75
• After-tax cash flow: $2,111/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): 13,927
• Household income: $34,953
• Rent vs Own: 50.2% rent · 49.8% own
• Severe rent burden: 882.0

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 0.56)
• Race & ethnicity: Black 60% White 28% Two or more races 7% Hispanic / Latino 5%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Slovak 1% Hispanic 1% Lithuanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 4% French/Haitian/Cajun 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: ▲ 3.41%
• Current HPI: 282.2981
• Rent YoY: ▲ 1.70%
• 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

+417.2% since first listed

55 events — show timeline

• 2026-05-29 Listed $120,000 realMLS
• 2026-05-08 Listing Removed — realMLS
• 2026-02-26 Relisted — realMLS
• 2025-12-20 Listing Removed — realMLS
• 2025-12-18 Listed $105,000 realMLS
• 2025-03-20 Sold (Public Records) $140,000 Public Records
• 2024-12-19 Rental Removed $1,180 NEFLMLS
• 2024-11-17 Listed for Rent $1,180 NEFLMLS
• 2024-10-14 Listing Removed — realMLS
• 2024-10-11 Price Changed $134,900 realMLS
• 2024-10-10 Rental Removed $1,180 NEFLMLS
• 2024-09-29 Listed for Rent $1,180 NEFLMLS
• 2024-09-27 Rental Removed $1,250 RENTALBEAST
• 2024-09-24 Listed for Rent $1,250 RENTALBEAST
• 2024-09-21 Listed $139,900 realMLS
• 2024-07-22 Sold (Public Records) $93,000 Public Records
• 2019-11-15 Sold (Public Records) $46,000 Public Records
• 2017-08-17 Listing Removed — realMLS
• 2017-05-13 Price Changed $52,500 realMLS
• 2017-03-17 Price Changed $46,500 realMLS
• 2017-03-17 Listed $48,500 realMLS
• 2017-03-17 Listing Removed — realMLS
• 2017-01-19 Listed $49,500 realMLS
• 2017-01-19 Listing Removed — realMLS
• 2016-11-11 Listed $49,500 realMLS
• 2016-08-05 Sold (MLS) $38,500 realMLS
• 2016-07-21 Pending — realMLS
• 2016-06-01 Listed $44,500 realMLS
• 2016-02-03 Listing Removed — realMLS
• 2016-01-06 Listed $44,900 realMLS
• 2016-01-06 Price Changed $44,700 realMLS
• 2016-01-06 Price Changed $44,500 realMLS
• 2016-01-06 Price Changed $44,300 realMLS
• 2015-03-05 Listing Removed — realMLS
• 2015-02-23 Relisted — realMLS
• 2014-12-22 Listing Removed — realMLS
• 2014-10-11 Relisted — realMLS
• 2014-10-10 Listing Removed — realMLS
• 2014-09-24 Price Changed $41,900 realMLS
• 2014-09-24 Listed $41,900 realMLS
• 2014-09-24 Price Changed $39,000 realMLS
• 2010-06-12 Listing Removed — realMLS
• 2010-01-13 Listed $69,000 realMLS
• 2008-09-08 Listing Removed — realMLS
• 2008-05-12 Sold (Public Records) $27,000 Public Records
• 2008-03-07 Listed $29,900 realMLS
• 2008-02-22 Listing Removed — realMLS
• 2007-08-06 Listed $42,000 realMLS
• 2006-09-06 Listing Removed — realMLS
• 2006-04-08 Listed $86,900 realMLS
• 2003-06-24 Listing Removed — realMLS
• 2003-05-27 Sold (MLS) $26,205 realMLS
• 2003-03-27 Listed $27,000 realMLS
• 2000-10-13 Sold (Public Records) $6,200 Public Records
• 1997-04-01 Sold (Public Records) $23,200 Public Records

Property tax history

+9.7%/yr

Latest (2025): $2,108 · +310.0% YoY. Source: county tax records.