9238 2nd Ave · Jacksonville, FL 32208

$95,600

4 bd · 2.0 ba · 1,512 sqft · SingleFamily public records · 194 Days on market

Built 1965 6,969 sqft lot

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

FIXER-UPPER in need of some TLC! Come see this spacious 4 bed 2 bath concrete block home! Featuring a traditional layout with master suite and spacious guest bedrooms, this home offers a great canvas for your next renovation project. Large yard. No HOA! Property is being sold as-is and needs repairs including all major systems. Cash or hard money only. PLEASE NO BLIND OR ASSIGNABLE OFFERS, SELLER WILL NOT CONSIDER.

Key facts

• Master suite
• Large yard
• 6,969 sq ft lot

Tags

• LARGE YARD
• MASTER SUITE
• SPACIOUS GUEST BEDROOMS

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Off-street parking
• Utilities: Septic tank; Sewer connected; Water connected
• Home design: Single-family residence; One story
• Exterior features: Lot of approximately 0.16 acres

Interior

• Kitchen: No appliances specified
• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: No built-in appliances listed
• Laundry & utility: No laundry appliances specified

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $96k.

Deal economics

• At list price, monthly cash flow is $653 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $96k).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.5% 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 soft (-1.4%/yr); 291 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 $1,623/mo this rent would consume 47% of the median local household income ($41k/yr) (locally 1765% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $661 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $27k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 194 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.
• Current owner paid $21k; list at $96k implies a 348% 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 $84,128 (12.0% below list)

Questions for the listing agent

1. It's been on market 194 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 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.70% ✓
• Cap rate: 14.49%
• Cash-on-cash: 29.29%
• DSCR: 2.30
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $198,072
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9238 2nd Ave	0.00mi	4/2.0	1,512 (0%)	0mo	$75,000	$50	100
9150 1st Ave	0.12mi	3/2.0 (-1)	1,596 (+6%)	2mo	$200,000	$125	78
9166 3rd Ave	0.10mi	4/2.0	1,352 (-11%)	3mo	$178,000	$132	75
9023 Jackson Ave	0.49mi	4/2.0	1,440 (-5%)	4mo	$91,000	$63	66
9036 Van Buren Ave	0.50mi	4/2.0	1,432 (-5%)	3mo	$190,000	$133	65
9487 Thorn Glen Rd	0.67mi	4/2.0	1,543 (+2%)	3mo	$260,000	$169	63
9047 Van Buren Ave	0.51mi	3/1.5 (-1)	1,557 (+3%)	2mo	$150,000	$96	63
9070 3rd Ave	0.21mi	3/2.0 (-1)	1,300 (-14%)	0mo	$170,000	$131	61
9104 Van Buren Ave	0.46mi	3/2.0 (-1)	1,395 (-8%)	1mo	$90,000	$65	60
1604 Carbondale Dr N	0.75mi	3/2.0 (-1)	1,554 (+3%)	2mo	$245,000	$158	54
8614 3rd Ave	0.74mi	4/2.0	1,584 (+5%)	6mo	$155,000	$98	52
9465 Balsam Fir Ct	0.65mi	4/2.0	1,680 (+11%)	4mo	$262,000	$156	48

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: 20.4%
• Equity multiple: 1.80×
• Total profit: $21,364
• Equity at exit: $14,254

10-year hold

• IRR: 26.5%
• Equity multiple: 3.01×
• Total profit: $53,817
• Equity at exit: $8,266

Cash invested: $26,768 (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 32208

• Home prices YoY: -33.6%
• Rents YoY: -1.4%
• Active inventory: 291
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,623 high
• Mortgage (P&I): −$501
• Tax from tax record: −$88 /mo · $1,055/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $653

Break-even live

Break-even rent $796

Max offer price $95,600

Occupancy floor 55%

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: $23,900
• Closing costs: $2,868
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9131 4th Ave Jacksonville, FL	3.0	2.0	1209	$1,496	$1.24	21d	1	0.15mi
9279 6th Ave Jacksonville, FL	3.0	2.0	1150	$1,245	$1.08	4d	1	0.19mi
9124 Adams Ave Jacksonville, FL	3.0	3.0	1207	$1,800	$1.49	24d	1	0.21mi
9037 6th Ave Jacksonville, FL	3.0	2.0	1156	$1,400	$1.21	24d	1	0.29mi
8973 4th Ave Jacksonville, FL	3.0	2.0	1230	$1,438	$1.17	14d	1	0.31mi
8918 1st Ave Jacksonville, FL	3.0	2.0	1435	$1,321	$0.92	16d	1	0.38mi
9032 8th Ave Jacksonville, FL	3.0	2.0	1300	$1,500	$1.15	24d	1	0.39mi
8910 Adams Ave Jacksonville, FL	4.0	2.0	1250	$1,225	$0.98	3d	1	0.43mi
9141 12th Ave Jacksonville, FL	3.0	2.0	1209	$1,598	$1.32	20d	1	0.48mi
9565 Carbondale Dr W Unit B Jacksonville, FL	3.0	2.0	1400	$2,000	$1.43	24d	1	0.49mi
3015 Lansdell Dr Jacksonville, FL	3.0	1.0	1150	$1,350	$1.17	24d	1	0.53mi
9148 13th Ave Jacksonville, FL	3.0	1.0	1126	$1,136	$1.01	4d	1	0.55mi
8721 4th Ave Jacksonville, FL	3.0	1.5	1344	$1,399	$1.04	24d	1	0.59mi
8642 2nd Ave Jacksonville, FL	3.0	2.0	1074	$1,245	$1.16	2d	1	0.69mi
9517 Fraser Fir Ct Jacksonville, FL	4.0	2.0	1526	$1,745	$1.14	7d	1	0.71mi
8726 Monroe Ave Jacksonville, FL	3.0	2.0	1920	$1,400	$0.73	14d	1	0.72mi
3250 Soutel Dr Jacksonville, FL	3.0	2.0	1352	$1,525	$1.13	24d	1	0.73mi
3344 Soutel Dr Jacksonville, FL	3.0	1.0	1142	$1,325	$1.16	24d	1	0.86mi
1021 Lake Forest Blvd Jacksonville, FL	3.0	1.0	1393	$1,290	$0.93	3d	1	1.10mi
2950 Bessent Rd Jacksonville, FL	3.0	2.0	1446	$1,779	$1.23	21d	1	1.12mi
3636 Turton Ave Jacksonville, FL	4.0	2.0	1728	$2,100	$1.22	24d	1	1.12mi
2978 Centerwood Dr Jacksonville, FL	3.0	2.0	1437	$1,805	$1.26	24d	1	1.17mi
915 Wayne St Jacksonville, FL	4.0	2.0	1220	$1,313	$1.08	3d	1	1.19mi
3029 Bessent Rd Jacksonville, FL	3.0	2.0	1330	$1,750	$1.32	3d	1	1.21mi
7927 Reid Ave Jacksonville, FL	3.0	1.0	1055	$1,500	$1.42	24d	1	1.23mi
10535 Lem Turner Rd Jacksonville, FL	1.0–4.0	1.0–2.0	1012	$1,846	$1.82	3d	40	1.25mi
3848 Soutel Dr Jacksonville, FL	3.0	2.0	1230	$1,541	$1.25	7d	1	1.29mi
1000 Island Point Dr Jacksonville, FL	1.0–3.0	1.0–2.0	949	$1,684	$1.77	2d	9	1.33mi
7762 Lake Park Dr Jacksonville, FL	4.0	2.0	2140	$1,451	$0.68	24d	1	1.35mi
10569 Madrone Cove Ct Jacksonville, FL	3.0	2.5	1678	$1,700	$1.01	24d	1	1.40mi
3231 Penny Cove Ln Jacksonville, FL	3.0	2.5	1626	$1,945	$1.20	17d	1	1.41mi
1010 Edgewood Ave W Jacksonville, FL	4.0	2.0	1450	$1,250	$0.86	24d	1	1.42mi
1010 Edgewood Ave W Jacksonville, FL	4.0	2.0	1450	$1,250	$0.86	14d	1	1.42mi
2482 Quail Ave Jacksonville, FL	3.0	2.0	1224	$1,850	$1.51	17d	1	1.44mi
2462 Quail Ave Jacksonville, FL	3.0	1.5	1312	$1,397	$1.06	24d	1	1.45mi
3283 Penny Cove Dr Unit 1 Jacksonville, FL	3.0	2.5	1650	$2,000	$1.21	17d	1	1.45mi
2489 Quail Ave Jacksonville, FL	3.0	2.0	1308	$1,495	$1.14	24d	1	1.47mi
2489 Quail Ave Jacksonville, FL	3.0	2.0	1306	$1,495	$1.14	16d	1	1.47mi
2818 Palmdale St Jacksonville, FL	4.0	2.5	1484	$1,900	$1.28	24d	1	1.49mi

Listing history 11 events

1. 2026-05-21
   status Pending
2. 2026-05-15
   price $95,600
3. 2026-05-08
   price $89,900
4. 2026-04-20
   price $95,900
5. 2026-03-10
   status Active
6. 2026-03-01
   historical
7. 2025-12-29
   status Active Under Contract
8. 2025-12-13
   historical
9. 2025-10-15
   historical Active Under Contract
10. 2025-10-13
    listed $97,900 Active
11. 1979-04-11
    soldstatus $21,333

ⓘ 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: $1,055 · $88/mo
• Projected year-2 tax: $1,055 · $88/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 4/10 Moderate FEMA zone X (unshaded) · 17% chance over 30 yrs
• 🔥 Wildfire 3/10 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: $19,479
• − Mortgage interest: −$5,355
• − Property taxes: −$1,055
• − Insurance: −$478
• − Repairs & maintenance: −$1,558
• − Management: −$1,558
• − Depreciation: −$2,781
• Taxable income: $6,693
• Est. tax owed @ 24.0%: −$1,606
• After-tax cash flow: $6,233/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): 32,699
• Household income: $41,324
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 1765.0

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 (77%)
• Race & ethnicity: Black 77% White 16% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 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: ▼ -110.56%
• Current HPI: 217.9706
• Rent YoY: ▼ -1.36%
• 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

+348.1% since first listed

11 events — show timeline

• 2026-05-21 Pending — realMLS
• 2026-05-15 Price Changed $95,600 realMLS
• 2026-05-08 Price Changed $89,900 realMLS
• 2026-04-20 Price Changed $95,900 realMLS
• 2026-03-10 Relisted — realMLS
• 2026-03-01 Listing Removed — realMLS
• 2025-12-29 Relisted — realMLS
• 2025-12-13 Listing Removed — realMLS
• 2025-10-15 Contingent — realMLS
• 2025-10-13 Listed $97,900 realMLS
• 1979-04-11 Sold (Public Records) $21,333 Public Records

Property tax history

+3.0%/yr

Latest (2025): $1,055 · +23.4% YoY. Source: county tax records.