3032 Snell St · Jacksonville, FL 32218

$168,900

3 bd · 2.0 ba · 960 sqft · Manufactured public records · 122 Days on market

Built 1986 6,534 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 +21.6/30.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• 1% rule +4.9/10.0
• 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

Price dropped for immediate sale. Seller will only grant 3 day inspection period and requires $5000 deposit. Doubkewide mobile home with newer roof and septic tank. Deck and interior of mobile home require work. Cash offers only. Located close to 295 and i 95, Walmart, River city mall and restaurants

Key facts

• Hot water heater
• Soft close cabinets
• Updated bathrooms

Tags

• NEW ROOF
• HOT WATER HEATER
• NEW AC
• SOFT CLOSE CABINETS
• STAINLESS STEEL APPLIANCES
• UPDATED BATHROOMS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $169k.

Deal economics

• At list price, monthly cash flow is $256 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $167k (1.3% below list).
• Recommended offer: $149k (12.0% 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 soft (-0.4%/yr); 728 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).

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 122 days — a 12% lower offer ($149k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $11k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $59k; list at $169k implies a 186% gain — meaningful room to come down on a strong offer.

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 $148,632 (12.0% below list)

Questions for the listing agent

1. It's been on market 122 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: 0.99% ✗
• Cap rate: 8.11%
• Cash-on-cash: 6.50%
• DSCR: 1.29
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $61,440
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3032 Snell St	0.00mi	3/2.0	960 (0%)	0mo	$172,900	$180	100
2971 Duane Ave	0.24mi	2/— (-1)	945 (-2%)	21mo	$37,200	$39	64
3224 Duane Ave	0.30mi	2/2.0 (-1)	858 (-11%)	8mo	$55,000	$64	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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -9.5%
• Equity multiple: 0.66×
• Total profit: $-15,985
• Equity at exit: $25,184

10-year hold

• IRR: -4.4%
• Equity multiple: 0.75×
• Total profit: $-11,964
• Equity at exit: $14,603

Cash invested: $47,292 (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: 728
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,667 high
• Mortgage (P&I): −$886
• Tax from tax record: −$105 /mo · $1,260/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $256

Break-even live

Break-even rent $1,343

Max offer price $168,900

Occupancy floor 80%

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: $42,225
• Closing costs: $5,067
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3025 Armstrong St Jacksonville, FL	3.0	2.0	1120	$1,461	$1.30	20d	1	0.01mi
3216 Duane Ave Jacksonville, FL	2.0	1.0	748	$1,098	$1.47	7d	1	0.28mi
2445 Dunn Ave Jacksonville, FL	1.0–3.0	1.0–2.0	850	$1,815	$2.14	2d	11	0.78mi
4212 Pointe Haven Dr N Jacksonville, FL	3.0	1.5	1054	$1,800	$1.71	24d	1	1.27mi
10535 Lem Turner Rd Jacksonville, FL	1.0–4.0	1.0–2.0	1012	$1,562	$1.54	3d	40	1.31mi

Listing history 20 events

1. 2026-04-21
   status Pending
2. 2026-04-11
   price $168,900
3. 2026-02-24
   price $169,900
4. 2026-02-05
   price $176,900
5. 2026-01-31
   price $177,500
6. 2026-01-25
   price $177,900
7. 2026-01-15
   price $178,900
8. 2025-12-20
   listed $179,900 Active
9. 2025-10-29
   soldstatus $59,000 Closed 306-char remark

   Show marketing remark (306 chars)

   Price dropped for immediate sale. Seller will only grant 3 day inspection period and requires $5000 deposit. Doubkewide mobile home with newer roof and septic tank. Deck and interior of mobile home require work. Cash offers only. Located close to 295 and i 95, Walmart, River city mall and restaurants

10. 2025-10-20
    status Pending 306-char remark

    Show marketing remark (306 chars)

    Price dropped for immediate sale. Seller will only grant 3 day inspection period and requires $5000 deposit. Doubkewide mobile home with newer roof and septic tank. Deck and interior of mobile home require work. Cash offers only. Located close to 295 and i 95, Walmart, River city mall and restaurants

11. 2025-10-16
    price $75,000 306-char remark

    Show marketing remark (306 chars)

    Price dropped for immediate sale. Seller will only grant 3 day inspection period and requires $5000 deposit. Doubkewide mobile home with newer roof and septic tank. Deck and interior of mobile home require work. Cash offers only. Located close to 295 and i 95, Walmart, River city mall and restaurants

12. 2025-10-16
    status Active 306-char remark

    Show marketing remark (306 chars)

    Price dropped for immediate sale. Seller will only grant 3 day inspection period and requires $5000 deposit. Doubkewide mobile home with newer roof and septic tank. Deck and interior of mobile home require work. Cash offers only. Located close to 295 and i 95, Walmart, River city mall and restaurants

13. 2025-09-29
    status Pending 306-char remark

    Show marketing remark (306 chars)

    Price dropped for immediate sale. Seller will only grant 3 day inspection period and requires $5000 deposit. Doubkewide mobile home with newer roof and septic tank. Deck and interior of mobile home require work. Cash offers only. Located close to 295 and i 95, Walmart, River city mall and restaurants

14. 2025-09-25
    price $99,000 306-char remark

    Show marketing remark (306 chars)

    Price dropped for immediate sale. Seller will only grant 3 day inspection period and requires $5000 deposit. Doubkewide mobile home with newer roof and septic tank. Deck and interior of mobile home require work. Cash offers only. Located close to 295 and i 95, Walmart, River city mall and restaurants

15. 2025-09-16
    price $105,000 306-char remark

    Show marketing remark (306 chars)

    Price dropped for immediate sale. Seller will only grant 3 day inspection period and requires $5000 deposit. Doubkewide mobile home with newer roof and septic tank. Deck and interior of mobile home require work. Cash offers only. Located close to 295 and i 95, Walmart, River city mall and restaurants

16. 2025-09-13
    status Active 306-char remark

    Show marketing remark (306 chars)

    Price dropped for immediate sale. Seller will only grant 3 day inspection period and requires $5000 deposit. Doubkewide mobile home with newer roof and septic tank. Deck and interior of mobile home require work. Cash offers only. Located close to 295 and i 95, Walmart, River city mall and restaurants

17. 2025-09-11
    status Pending 306-char remark

    Show marketing remark (306 chars)

    Price dropped for immediate sale. Seller will only grant 3 day inspection period and requires $5000 deposit. Doubkewide mobile home with newer roof and septic tank. Deck and interior of mobile home require work. Cash offers only. Located close to 295 and i 95, Walmart, River city mall and restaurants

18. 2025-09-04
    listed $115,000 Active 306-char remark

    Show marketing remark (306 chars)

    Price dropped for immediate sale. Seller will only grant 3 day inspection period and requires $5000 deposit. Doubkewide mobile home with newer roof and septic tank. Deck and interior of mobile home require work. Cash offers only. Located close to 295 and i 95, Walmart, River city mall and restaurants

19. 2006-01-23
    soldstatus $70,000
20. 1986-04-01
    soldstatus $10,000

ⓘ 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: $1,260 · $105/mo
• Projected year-2 tax: $1,402 · $117/mo
• Expected delta: +$141/yr (+$12/mo · 11.2%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°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: $20,009
• − Mortgage interest: −$9,461
• − Property taxes: −$1,260
• − Insurance: −$844
• − Repairs & maintenance: −$1,601
• − Management: −$1,601
• − Depreciation: −$4,913
• Taxable income: $328
• Est. tax owed @ 24.0%: −$79
• After-tax cash flow: $2,994/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

+1589.0% since first listed

20 events — show timeline

• 2026-04-21 Pending — realMLS
• 2026-04-11 Price Changed $168,900 realMLS
• 2026-02-24 Price Changed $169,900 realMLS
• 2026-02-05 Price Changed $176,900 realMLS
• 2026-01-31 Price Changed $177,500 realMLS
• 2026-01-25 Price Changed $177,900 realMLS
• 2026-01-15 Price Changed $178,900 realMLS
• 2025-12-20 Listed $179,900 realMLS
• 2025-10-29 Sold (MLS) $59,000 realMLS
• 2025-10-20 Pending — realMLS
• 2025-10-16 Price Changed $75,000 realMLS
• 2025-10-16 Relisted — realMLS
• 2025-09-29 Pending — realMLS
• 2025-09-25 Price Changed $99,000 realMLS
• 2025-09-16 Price Changed $105,000 realMLS
• 2025-09-13 Relisted — realMLS
• 2025-09-11 Pending — realMLS
• 2025-09-04 Listed $115,000 realMLS
• 2006-01-23 Sold (Public Records) $70,000 Public Records
• 1986-04-01 Sold (Public Records) $10,000 Public Records

Property tax history

+18.2%/yr

Latest (2025): $1,260 · +16.3% YoY. Source: county tax records.