7330 Elwood Ave · Jacksonville, FL 32208

$114,900

2 bd · 1.0 ba · 1,224 sqft · SingleFamily public records · 45 Days on market

Built 1941 5,227 sqft lot Est $179k · 36% under

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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 +22.5/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• 1% rule +5.8/10.0
• 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

NO INVESTORS FOR THE 1ST 30 DAYS until 6/6 Unlock the potential in this 2 bedroom, 2 bath with a flex room home that offers a large lot with water views off the Trout River from across the street & located in the heart of Jacksonville. 1 car carport attached. This diamond in the rough sits on a nice lot, offering endless possibilities for investors, renovators, or buyers looking to create their dream home. .Property is Sold in AS-IS condition. No repairs! With its generous footprint, this property can be easily reimagined to maximize both functionality & value. Step outside & you'll find an additional space perfect to create your dream for barbecuing & privacy-ideal

Key facts

• Water views
• Large lot
• Outdoor lounge

Tags

• LARGE LOT
• WATER VIEWS
• FLEX ROOM
• OUTDOOR LOUNGE
• PRIVATE RETREAT

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Attached carport
• Utilities: Sewer: Unknown; Utilities: Other
• Home design: Single family residence; Used for residential purposes
• Exterior features: City street frontage; Lot about 0.12 acres

Interior

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

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $193 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $111k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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: North Shore Elementary (math 49% / reading 36%, grade F, #1,383 of 2,144 statewide, top 65%, 701 students, 86% FRL); Joseph Stilwell Middle School (math 31% / reading 33%, grade F, #448 of 571 statewide, top 79%, 612 students, 68% FRL); Andrew Jackson High School (math 30% / reading 26%, grade F, #464 of 667 statewide, top 70%, 870 students, 54% FRL) — zoned schools average 69% FRL vs 49% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-1.4%/yr); 294 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 ($41k/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 $794 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 45 days — a 3% lower offer ($111k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1941 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,453 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 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 1941 — 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: 1.08% ✓
• Cap rate: 8.31%
• Cash-on-cash: 7.20%
• DSCR: 1.32
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $178,704
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7625 N North Shore Dr	0.16mi	3/2.0 (+1)	1,214 (-1%)	1mo	$215,500	$178	81
280 Mulberry St	0.51mi	2/1.0	1,193 (-2%)	4mo	$184,000	$154	69
918 Deerwood Cir S	0.42mi	3/2.0 (+1)	1,209 (-1%)	3mo	$235,000	$194	67
434 W 60th St	0.37mi	3/1.0 (+1)	1,164 (-5%)	4mo	$88,000	$76	66
465 W 60th St	0.33mi	2/3.5	1,157 (-6%)	3mo	$89,000	$77	63
448 W 68th St	0.33mi	2/1.0	1,074 (-12%)	4mo	$141,000	$131	60
7825 Tory Pl	0.62mi	3/1.0 (+1)	1,252 (+2%)	2mo	$170,000	$136	60
6560 Perry St	0.53mi	3/2.0 (+1)	1,260 (+3%)	5mo	$240,000	$190	57
930 Kenmore St	0.62mi	3/2.0 (+1)	1,253 (+2%)	4mo	$182,990	$146	54
182 W 61st St	0.58mi	2/3.0	1,161 (-5%)	3mo	$125,770	$108	54
918 Glencarin St	0.59mi	2/1.0	1,400 (+14%)	0mo	$195,000	$139	48
110 Tallulah Ave	0.70mi	3/1.0 (+1)	1,102 (-10%)	2mo	$181,000	$164	44

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: -8.7%
• Equity multiple: 0.69×
• Total profit: $-9,963
• Equity at exit: $17,132

10-year hold

• IRR: -3.7%
• Equity multiple: 0.79×
• Total profit: $-6,885
• Equity at exit: $9,934

Cash invested: $32,172 (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: 294
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,245 high
• Mortgage (P&I): −$603
• Tax from tax record: −$140 /mo · $1,681/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $193

Break-even live

Break-even rent $1,001

Max offer price $114,900

Occupancy floor 80%

Sensitivity live

Price	-10% $258	-5% $225	+0% $193	+5% $160	+10% $128
Rent	-10% $95	-5% $144	+0% $193	+5% $242	+10% $291
Rate	-1.0pp $251	-0.5pp $222	base $193	+0.5pp $163	+1.0pp $133

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7210 Elwood Ave Jacksonville, FL	2.0	1.0	831	$995	$1.20	23d	1	0.02mi
7511 N Shore Dr Jacksonville, FL	2.0	1.0	1014	$1,350	$1.33	6d	1	0.14mi
7124 Lorain St Jacksonville, FL	3.0	1.0	864	$1,043	$1.21	4d	1	0.18mi
472 W 65th St Jacksonville, FL	3.0	1.0	1312	$1,295	$0.99	23d	1	0.21mi
535 W 59th St Jacksonville, FL	3.0	2.0	816	$1,395	$1.71	9d	1	0.33mi
343 W 60th St Jacksonville, FL	3.0	1.0	1238	$1,299	$1.05	23d	1	0.38mi
346 W 68th St Jacksonville, FL	3.0	1.0	1114	$1,385	$1.24	6d	1	0.43mi
385 Duray Ct Jacksonville, FL	3.0	1.0	932	$1,250	$1.34	21d	1	0.44mi
356 Duray Ct Jacksonville, FL	3.0	2.0	1070	$1,425	$1.33	15d	1	0.47mi
6460 Lanark Ave Jacksonville, FL	2.0	1.0	708	$1,095	$1.55	25d	1	0.51mi
7350 Linda Dr Jacksonville, FL	1.0	1.0	954	$795	$0.83	9d	1	0.56mi
920 Alderside St Jacksonville, FL	3.0	1.0	1255	$1,195	$0.95	6d	1	0.56mi
646 Escambia St Jacksonville, FL	3.0	2.0	1200	$1,395	$1.16	23d	1	0.57mi
664 Escambia St Jacksonville, FL	3.0	2.0	1352	$1,500	$1.11	19d	1	0.58mi
961 Dorchester St Jacksonville, FL	2.0	1.0	884	$1,025	$1.16	4d	1	0.59mi
851 Broxton St Unit 851 Jacksonville, FL	1.0	1.0	700	$875	$1.25	19d	1	0.61mi
209 Woodrow St Jacksonville, FL	3.0	1.0	1282	$1,325	$1.03	25d	1	0.66mi
7115 Lucky Dr W Jacksonville, FL	3.0	1.0	1158	$1,500	$1.30	25d	1	0.68mi
6418 Sapphire Dr Jacksonville, FL	3.0	1.5	1296	$1,350	$1.04	25d	1	0.69mi
5616 Calvin Ave Jacksonville, FL	3.0	1.0	1008	$1,195	$1.19	9d	1	0.71mi
319 W 49th St Jacksonville, FL	2.0	1.0	977	$1,200	$1.23	25d	1	0.71mi
562 W 49th St Jacksonville, FL	3.0	1.0	1091	$1,195	$1.10	25d	1	0.72mi
425 W 47th St Jacksonville, FL	3.0	1.5	1083	$1,193	$1.10	9d	1	0.74mi
5514 Long St Jacksonville, FL	2.0	1.0	941	$1,250	$1.33	3d	1	0.77mi
41 Tallulah Ave Jacksonville, FL	3.0	1.0	1092	$1,390	$1.27	4d	1	0.81mi
1136 Maynard St Jacksonville, FL	2.0	1.0	919	$1,045	$1.14	25d	1	0.82mi
6701 N Main St Jacksonville, FL	1.0	1.0	700	$950	$1.36	25d	1	0.90mi
7345 Penrose St Jacksonville, FL	1.0	1.0	1006	$685	$0.68	18d	1	0.98mi
7927 Reid Ave Jacksonville, FL	3.0	1.0	1055	$1,500	$1.42	25d	1	1.03mi
1348 Crestwood St Jacksonville, FL	3.0	1.0	1300	$1,100	$0.85	25d	1	1.04mi
7525 Oakwood St Jacksonville, FL	3.0	1.0	945	$1,375	$1.46	16d	1	1.05mi
141 W 43rd St Jacksonville, FL	3.0	2.0	1022	$1,231	$1.20	4d	1	1.06mi
912 Saratoga Blvd Jacksonville, FL	3.0	1.0	930	$1,250	$1.34	25d	1	1.07mi
7545 Wilder Ave Jacksonville, FL	3.0	1.0	1300	$1,150	$0.88	4d	1	1.10mi
1021 Lake Forest Blvd Jacksonville, FL	3.0	1.0	1393	$1,290	$0.93	4d	1	1.11mi
4721 E Castlewood Dr Jacksonville, FL	3.0	1.0	1008	$1,250	$1.24	25d	1	1.13mi
217 E 48th St Jacksonville, FL	3.0	1.0	979	$1,096	$1.12	12d	1	1.15mi
8253 Lexington Dr Jacksonville, FL	3.0	1.0	910	$1,330	$1.46	25d	1	1.15mi
643 Linwood Ave Jacksonville, FL	3.0	2.0	1232	$1,325	$1.08	4d	1	1.15mi
18 W 43rd St Jacksonville, FL	2.0	1.0	750	$795	$1.06	6d	1	1.17mi

Listing history 15 events

1. 2026-06-21
   days on market $114,900 Active 45 DOM
2. 2026-06-18
   days on market $114,900 Active 42 DOM
3. 2026-06-17
   days on market $114,900 Active 41 DOM
4. 2026-06-16
   days on market $114,900 Active 40 DOM
5. 2026-06-15
   days on market $114,900 Active 39 DOM
6. 2026-06-13
   days on market $114,900 Active 36 DOM
7. 2026-06-10
   days on market $114,900 Active 33 DOM
8. 2026-06-08
   days on market $114,900 Active 32 DOM
9. 2026-06-07
   days on market $114,900 Active 31 DOM
10. 2026-06-05
    days on market $114,900 Active 28 DOM
11. 2026-06-03
    days on market $114,900 Active 27 DOM
12. 2026-06-02
    days on market $114,900 Active 26 DOM
13. 2026-06-01
    days on market $114,900 Active 25 DOM
14. 2026-05-31
    days on market $114,900 Active 24 DOM
15. 2026-05-07
    listed $114,900 Active

ⓘ 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: $1,681 · $140/mo
• Projected year-2 tax: $1,681 · $140/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 3/10 Moderate FEMA zone X (unshaded) · 7% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 6 d/yr ≥107°F today · 17 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: $14,938
• − Mortgage interest: −$6,436
• − Property taxes: −$1,681
• − Insurance: −$574
• − Repairs & maintenance: −$1,195
• − Management: −$1,195
• − Depreciation: −$3,343
• Taxable income: $514
• Est. tax owed @ 24.0%: −$123
• After-tax cash flow: $2,192/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

1 event — show timeline

• 2026-05-07 Listed $114,900 realMLS

Property tax history

+21.0%/yr

Latest (2025): $1,681 · +14.5% YoY. Source: county tax records.