203 Renne Dr N · Jacksonville, FL 32218

$165,000

3 bd · 2.0 ba · 1,092 sqft · SingleFamily public records · 49 Days on market

Built 1962 0.30 ac lot Est $226k · 27% under

---

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 +20.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.5/10.0
• 1% rule +6.3/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

LOOKING FOR A HOME IN A WELL-ESTABLISHED NEIGHBORHOOD, HERE IT IS. THIS HOME WAS COMPLETELY RENOVATED IN 2022, SO YOU WILL HAVE NO ISSUES WITH HOMEOWNERS INSURANCE. COME AND CHECK IT OUT.

Key facts

• 0.3 acre lot
• Parking
• Built 1962

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Assigned parking; 1-car carport
• Utilities: Electricity available; Sewer available; Water available
• Home design: Single-family residence; One story
• Exterior features: No private pool; 0.3-acre lot

Interior

• Kitchen: Electric oven; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Vinyl
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Vinyl flooring

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $212 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $160k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.8% 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: San Mateo Elementary School (math 67% / reading 63%, grade B+, #514 of 2,144 statewide, top 24%, 534 students, 48% FRL); Oceanway School (math 34% / reading 33%, grade F, #428 of 571 statewide, top 76%, 927 students, 51% FRL); First Coast High School (math 18% / reading 33%, grade F, #499 of 667 statewide, top 75%, 2,117 students, 49% FRL) — zoned schools at 49% FRL track the district average.
• Market conditions: Rents soft (-0.4%/yr); 735 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).
• This rent runs 32% of the median local income ($70k/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.
• Duval 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 49 days — a 3% lower offer ($160k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 5y 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; 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 $160,050 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.13% ✓
• Cap rate: 7.84%
• Cash-on-cash: 5.51%
• DSCR: 1.25
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $226,044
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11515 Soforenko Dr	0.33mi	3/2.0	1,100 (+1%)	1mo	$234,900	$214	83
273 Claudia Dr	0.33mi	3/2.0	1,092 (0%)	10mo	$216,000	$198	76
231 Renne Dr N	0.06mi	3/1.5	1,168 (+7%)	20mo	$205,000	$176	67
11220 Soforenko Dr	0.50mi	3/1.5	1,040 (-5%)	1mo	$217,000	$209	66
11441 Elane Dr	0.30mi	3/2.0	1,202 (+10%)	12mo	$210,000	$175	59
11427 Harlan Dr	0.46mi	3/2.0	1,040 (-5%)	14mo	$225,000	$216	59
11515 Vera Dr	0.38mi	3/1.5	1,134 (+4%)	20mo	$235,000	$207	57
11253 Samuel Dr	0.42mi	3/1.5	1,183 (+8%)	10mo	$220,000	$186	56
11258 Soforenko Dr	0.44mi	3/1.5	1,172 (+7%)	16mo	$224,900	$192	52
11278 Princessa Ln	0.64mi	3/1.5	1,160 (+6%)	12mo	$245,000	$211	48
313 Suzanne Dr	0.50mi	3/2.0	1,222 (+12%)	13mo	$155,000	$127	46
11337 Renne Dr E	0.73mi	3/2.0	1,010 (-8%)	20mo	$235,000	$233	37

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -11.5%
• Equity multiple: 0.60×
• Total profit: $-18,598
• Equity at exit: $24,602

10-year hold

• IRR: -7.9%
• Equity multiple: 0.58×
• Total profit: $-19,544
• Equity at exit: $14,266

Cash invested: $46,200 (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 32218

• Home prices YoY: -25.7%
• Rents YoY: -0.4%
• Active inventory: 735
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,870 high
• Mortgage (P&I): −$865
• Tax from tax record: −$331 /mo · $3,970/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$393
• Net cashflow: $212

Break-even live

Break-even rent $1,601

Max offer price $165,000

Occupancy floor 84%

Sensitivity live

Price	-10% $306	-5% $259	+0% $212	+5% $165	+10% $119
Rent	-10% $64	-5% $138	+0% $212	+5% $286	+10% $360
Rate	-1.0pp $295	-0.5pp $254	base $212	+0.5pp $169	+1.0pp $126

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11833 N Main St Jacksonville, FL	2.0	2.0	1170	$1,495	$1.28	4d	4	0.37mi
11701 Palm Lake Dr Jacksonville, FL	1.0–3.0	1.0–2.0	999	$1,957	$1.96	3d	80	0.42mi
11267 Bruce Dr Jacksonville, FL	3.0	1.5	1120	$1,725	$1.54	16d	1	0.46mi
745 Northpoint Cir N Jacksonville, FL	2.0	2.0	897	$1,600	$1.78	25d	1	1.22mi
556 Worcester Ct Jacksonville, FL	3.0	2.0	1500	$2,000	$1.33	25d	1	1.38mi
11011 Harts Rd Jacksonville, FL	1.0–3.0	1.0–2.0	1052	$1,742	$1.66	3d	23	1.41mi
950 Turtle Creek Dr S Jacksonville, FL	3.0	2.0	1460	$1,824	$1.25	25d	1	1.50mi

Listing history 14 events

1. 2026-05-19
   status Pending
2. 2026-05-12
   price $165,000
3. 2026-03-31
   listed $185,000 Active
4. 2025-12-03
   listed $5,000 Active
5. 2025-03-04
   historical 187-char remark

   Show marketing remark (187 chars)

   LOOKING FOR A HOME IN A WELL-ESTABLISHED NEIGHBORHOOD, HERE IT IS. THIS HOME WAS COMPLETELY RENOVATED IN 2022, SO YOU WILL HAVE NO ISSUES WITH HOMEOWNERS INSURANCE. COME AND CHECK IT OUT.

6. 2024-09-23
   listed $249,000 Active 187-char remark

   Show marketing remark (187 chars)

   LOOKING FOR A HOME IN A WELL-ESTABLISHED NEIGHBORHOOD, HERE IT IS. THIS HOME WAS COMPLETELY RENOVATED IN 2022, SO YOU WILL HAVE NO ISSUES WITH HOMEOWNERS INSURANCE. COME AND CHECK IT OUT.

7. 2022-03-17
   soldstatus $230,000
8. 2022-02-09
   soldstatus $230,000 Sold
9. 2022-01-07
   status Pending
10. 2022-01-01
    status Active
11. 2021-12-30
    status Pending
12. 2021-12-28
    listed $230,000 Active
13. 2021-07-13
    soldstatus $58,000
14. 1975-06-13
    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: $3,970 · $331/mo
• Projected year-2 tax: $3,970 · $331/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 6/10 Major
• 🌡 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 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,436
• − Mortgage interest: −$9,243
• − Property taxes: −$3,970
• − Insurance: −$825
• − Repairs & maintenance: −$1,795
• − Management: −$1,795
• − Depreciation: −$4,800
• Taxable income: $9
• Est. tax owed @ 24.0%: −$2
• After-tax cash flow: $2,544/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): 72,905
• Household income: $69,638
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 2289.0

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 0.64)
• Race & ethnicity: Black 48% White 35% Hispanic / Latino 9% Two or more races 8% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4%
• Common ancestry: Slovak 1% Lithuanian 1% Italian 1%
• Foreign-born: 6% · Canada, Jamaica, Vietnam
• Languages at home: 89% English-only · Spanish 6% French/Haitian/Cajun 1% Tagalog/Filipino 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: ▼ -90.73%
• Current HPI: 262.2329
• Rent YoY: ▼ -0.40%
• 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

+522.6% since first listed

14 events — show timeline

• 2026-05-19 Pending — realMLS
• 2026-05-12 Price Changed $165,000 realMLS
• 2026-03-31 Listed $185,000 realMLS
• 2025-12-03 Listed $5,000 NFMLS
• 2025-03-04 Listing Removed — realMLS
• 2024-09-23 Listed $249,000 realMLS
• 2022-03-17 Sold (Public Records) $230,000 Public Records
• 2022-02-09 Sold (MLS) $230,000 realMLS
• 2022-01-07 Pending — realMLS
• 2022-01-01 Relisted — realMLS
• 2021-12-30 Pending — realMLS
• 2021-12-28 Listed $230,000 realMLS
• 2021-07-13 Sold (Public Records) $58,000 Public Records
• 1975-06-13 Sold (Public Records) $26,500 Public Records

Property tax history

+16.0%/yr

Latest (2025): $3,970 · +8.5% YoY. Source: county tax records.