3404 Bridier St · Jacksonville, FL 32206

$87,500

3 bd · 1.0 ba · 912 sqft · MultiFamily public records · 173 Days on market

Built 1953 3,484 sqft lot

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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 +23.3/30.0
• 1% rule +8.4/10.0
• DSCR +7.5/10.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 1 unit. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Cash offers only with zero contingencies. All due diligence must be completed prior to offer submission. Property to be conveyed via Quit Claim Deed. Neither listing agent or sellers have any knowledge of property's past or present use. Go Direct to property to view. No keys to be conveyed with the sale. Great investment opportunity!! Act fast!!!

Key facts

• Solid block home
• 3,484 sq ft lot
• Built 1953

Tags

• SOLID BLOCK HOME
• ROOF REPLACED IN 2019
• IMMEDIATE RENTAL INCOME

Property features AI

Finance

• Other: Corner lot on an asphalt city street
• HOA & community: Not a senior community

Exterior

• Parking: Off-street parking; On-street parking
• Utilities: Public sewer; Electricity connected; Sewer connected; Water connected
• Home design: Single family residence; One story; Entry level: 1
• Construction: Block and concrete construction; Shingle roof
• Exterior features: Covered screened front porch

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Eat-in kitchen; Primary bathroom with tub and shower; Unfurnished unit
• Laundry & utility: In-unit laundry; Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath multifamily listed at $88k.

Deal economics

• At list price, monthly cash flow is $159 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $88k).
• Recommended offer: $77k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.5% 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 flat; 194 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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).
• This rent runs 36% of the median local income ($39k/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 $605 of loan paydown is wiped out by about $3k 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 173 days — a 12% lower offer ($77k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 13y ago; this cycle's ask has dropped $32k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.7% of price; built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• 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 $77,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 173 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.34% ✓
• Cap rate: 8.48%
• Cash-on-cash: 7.81%
• DSCR: 1.35
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.94% rent growth · sell at horizon

5-year hold

• IRR: -7.1%
• Equity multiple: 0.74×
• Total profit: $-6,284
• Equity at exit: $13,047

10-year hold

• IRR: -0.8%
• Equity multiple: 0.95×
• Total profit: $-1,279
• Equity at exit: $7,565

Cash invested: $24,500 (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 32206

• Home prices YoY: -23.7%
• Rents YoY: 0.9%
• Active inventory: 194
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,169 high
• Mortgage (P&I): −$459
• Tax from tax record: −$269 /mo · $3,229/yr
• Insurance: −$36
• HOA: −$0
• Vacancy / Maint / Mgmt: −$246
• Net cashflow: $159

Break-even live

Break-even rent $968

Max offer price $87,500

Occupancy floor 81%

Sensitivity live

Price	-10% $209	-5% $184	+0% $159	+5% $135	+10% $110
Rent	-10% $67	-5% $113	+0% $159	+5% $206	+10% $252
Rate	-1.0pp $203	-0.5pp $182	base $159	+0.5pp $137	+1.0pp $114

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: $21,875
• Closing costs: $2,625
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1125 E 24th St Jacksonville, FL	2.0	1.0	914	$600	$0.66	18d	1	0.16mi
3403 Phoenix Ave Jacksonville, FL	3.0	1.0	1002	$995	$0.99	8d	1	0.18mi
1305 E 30th St Jacksonville, FL	2.0	1.0	859	$1,150	$1.34	24d	1	0.18mi
3303 Jones St Jacksonville, FL	2.0	1.0	840	$1,000	$1.19	5d	1	0.29mi
3303 Jones St Jacksonville, FL	2.0	1.0	840	$1,000	$1.19	24d	1	0.29mi
1782 E 24th St Jacksonville, FL	2.0	1.0	759	$875	$1.15	2d	1	0.43mi
609 E 30th St Jacksonville, FL	2.0	2.0	818	$1,138	$1.39	24d	1	0.44mi
1164 E 16th St Jacksonville, FL	2.0	1.0	750	$1,000	$1.33	8d	2	0.46mi
1823 E 25th St Jacksonville, FL	3.0	1.0	1036	$1,250	$1.21	24d	1	0.48mi
435 Springfield Ct N Jacksonville, FL	2.0	1.0	950	$1,100	$1.16	24d	1	0.57mi
1617 E 14th St Jacksonville, FL	2.0	1.0	1124	$1,300	$1.16	24d	1	0.58mi
3747 Peachtree St Jacksonville, FL	3.0	2.0	1082	$1,410	$1.30	4d	1	0.59mi
318 E 19th St Jacksonville, FL	2.0	1.0	1096	$895	$0.82	24d	1	0.71mi
2125 Lambert St Jacksonville, FL	2.0	1.0	1040	$1,195	$1.15	5d	1	0.73mi
2514 Walnut St Unit 2520 Jacksonville, FL	2.0	1.0	1119	$1,100	$0.98	24d	1	0.75mi
1976 Lambert St Jacksonville, FL	3.0	1.0	1012	$1,115	$1.10	24d	1	0.88mi
481 E 44th St Jacksonville, FL	2.0	1.0	668	$899	$1.35	24d	1	0.92mi
1627 E 9th St Unit 1629 Jacksonville, FL	2.0	1.0	656	$1,050	$1.60	24d	1	0.97mi
222 E 43rd St Jacksonville, FL	2.0	1.0	840	$946	$1.13	24d	1	0.99mi
5035 N Main St Jacksonville, FL	3.0	1.0–2.0	816	$1,459	$1.79	24d	69	1.02mi
34 W 23rd St Jacksonville, FL	3.0	1.5	962	$1,400	$1.46	24d	1	1.02mi
349 E 45th St Jacksonville, FL	2.0	1.0	954	$1,175	$1.23	8d	1	1.03mi
22 W 38th St Jacksonville, FL	2.0	1.0	800	$1,100	$1.38	24d	1	1.04mi
3728 Silver St Jacksonville, FL	2.0	1.0	916	$1,100	$1.20	24d	1	1.07mi
205 E 44th St Jacksonville, FL	3.0	1.0	955	$1,075	$1.13	22d	1	1.08mi
101 W 21st St Unit 2 Jacksonville, FL	2.0	1.0	635	$1,085	$1.71	24d	1	1.08mi
134 W 23rd St Jacksonville, FL	2.0	1.0	768	$1,050	$1.37	24d	1	1.11mi
154 W 28th St Jacksonville, FL	2.0	2.0	818	$1,138	$1.39	18d	1	1.14mi
204 W 23rd St Jacksonville, FL	3.0	1.0	960	$1,225	$1.28	2d	1	1.15mi
18 W 43rd St Jacksonville, FL	2.0	1.0	750	$795	$1.06	5d	1	1.16mi
1736 Ionia St Jacksonville, FL	2.0	1.0	1036	$1,650	$1.59	18d	1	1.18mi
2906 Silver St Unit 01 Jacksonville, FL	2.0	1.0	840	$895	$1.07	24d	1	1.18mi
3732 Lehigh St Jacksonville, FL	2.0	1.0	850	$900	$1.06	15d	1	1.23mi
3730 Lehigh St Unit 3730 Jacksonville, FL	2.0	1.0	850	$900	$1.06	15d	1	1.23mi
217 E 48th St Jacksonville, FL	3.0	1.0	979	$1,096	$1.12	11d	1	1.24mi
2063 N Laura St Jacksonville, FL	2.0	1.0	900	$1,250	$1.39	24d	1	1.24mi
1529 Spearing St Jacksonville, FL	3.0	2.0	1077	$1,425	$1.32	5d	1	1.25mi
2025 N Laura St Jacksonville, FL	2.0	1.0	1000	$1,195	$1.20	5d	1	1.27mi
141 W 43rd St Jacksonville, FL	3.0	2.0	1022	$1,231	$1.20	3d	1	1.29mi
451 Long Branch Blvd Unit 451 Jacksonville, FL	2.0	1.0	1000	$1,350	$1.35	24d	1	1.30mi

Listing history 33 events

1. 2026-06-08
   statusdays on market $87,500 Pending 173 DOM
2. 2026-06-03
   days on market $87,500 Active 171 DOM
3. 2026-06-02
   days on market $87,500 Active 170 DOM
4. 2026-06-01
   days on market $87,500 Active 169 DOM
5. 2026-05-31
   days on market $87,500 Active 168 DOM
6. 2026-05-22
   status Active
7. 2026-05-19
   historical Active Under Contract
8. 2026-05-14
   price $87,500
9. 2026-05-06
   price $89,000
10. 2026-04-29
    status Active
11. 2026-04-27
    historical Active Under Contract
12. 2026-04-23
    price $92,500
13. 2026-04-15
    price $95,000
14. 2026-04-08
    price $99,000
15. 2026-03-27
    price $100,000
16. 2026-03-19
    price $102,500
17. 2026-03-12
    price $105,000
18. 2026-02-24
    price $110,000
19. 2026-02-17
    price $114,000
20. 2026-02-10
    price $115,000
21. 2026-01-27
    status Active
22. 2025-12-03
    price $120,000
23. 2025-12-03
    historical
24. 2025-11-13
    price $100,000
25. 2025-11-04
    price $110,000
26. 2025-10-20
    listed $120,000 Active
27. 2025-10-10
    soldstatus $84,600
28. 2014-12-15
    historical 348-char remark

    Show marketing remark (348 chars)

    Cash offers only with zero contingencies. All due diligence must be completed prior to offer submission. Property to be conveyed via Quit Claim Deed. Neither listing agent or sellers have any knowledge of property's past or present use. Go Direct to property to view. No keys to be conveyed with the sale. Great investment opportunity!! Act fast!!!

29. 2014-12-11
    historical
30. 2014-05-19
    listed $15,000 Active 348-char remark

    Show marketing remark (348 chars)

    Cash offers only with zero contingencies. All due diligence must be completed prior to offer submission. Property to be conveyed via Quit Claim Deed. Neither listing agent or sellers have any knowledge of property's past or present use. Go Direct to property to view. No keys to be conveyed with the sale. Great investment opportunity!! Act fast!!!

31. 2014-05-02
    listed $15,000
32. 2013-12-10
    historical
33. 2013-06-10
    listed $15,000

ⓘ 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: $3,229 · $269/mo
• Projected year-2 tax: $3,229 · $269/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 ≥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: $14,033
• − Mortgage interest: −$4,901
• − Property taxes: −$3,229
• − Insurance: −$438
• − Repairs & maintenance: −$1,123
• − Management: −$1,123
• − Depreciation: −$2,545
• Taxable income: $674
• Est. tax owed @ 24.0%: −$162
• After-tax cash flow: $1,751/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): 17,105
• Household income: $39,242
• Rent vs Own: 53.7% rent · 46.3% own
• Severe rent burden: 1057.0

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 (65%)
• Race & ethnicity: Black 65% White 22% Two or more races 8% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Italian 2% Romanian 1% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 3% Arabic 1% German/W. Germanic 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: ▼ -64.55%
• Current HPI: 208.1852
• Rent YoY: ▲ 0.94%
• 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

+483.3% since first listed

28 events — show timeline

• 2026-05-22 Relisted — realMLS
• 2026-05-19 Contingent — realMLS
• 2026-05-14 Price Changed $87,500 realMLS
• 2026-05-06 Price Changed $89,000 realMLS
• 2026-04-29 Relisted — realMLS
• 2026-04-27 Contingent — realMLS
• 2026-04-23 Price Changed $92,500 realMLS
• 2026-04-15 Price Changed $95,000 realMLS
• 2026-04-08 Price Changed $99,000 realMLS
• 2026-03-27 Price Changed $100,000 realMLS
• 2026-03-19 Price Changed $102,500 realMLS
• 2026-03-12 Price Changed $105,000 realMLS
• 2026-02-24 Price Changed $110,000 realMLS
• 2026-02-17 Price Changed $114,000 realMLS
• 2026-02-10 Price Changed $115,000 realMLS
• 2026-01-27 Relisted — realMLS
• 2025-12-03 Listing Removed — realMLS
• 2025-12-03 Price Changed $120,000 realMLS
• 2025-11-13 Price Changed $100,000 realMLS
• 2025-11-04 Price Changed $110,000 realMLS
• 2025-10-20 Listed $120,000 realMLS
• 2025-10-10 Sold (Public Records) $84,600 Public Records
• 2014-12-15 Listing Removed — realMLS
• 2014-12-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-05-19 Listed $15,000 realMLS
• 2014-05-02 Listed $15,000 Stellar MLS as Distributed by MLS Grid
• 2013-12-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2013-06-10 Listed $15,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+6.5%/yr

Latest (2025): $3,229 · +35.4% YoY. Source: county tax records.