7047 Ken Knight Dr E · Jacksonville, FL 32209

$51,000

3 bd · 2.0 ba · 950 sqft · SingleFamily public records · 69 Days on market

Built 1962 1,742 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
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Recently renovated home. Suitable for a family or an investor looking for a cash flowing opportunity. New roof, flooring, windows, plumbing and updated bathrooms and electrical. Don't hesitate come by and see this beauty today.

Key facts

• Large enclosed room
• Eat in kitchen
• Fenced in back yard

Tags

• EAT IN KITCHEN
• LARGE ENCLOSED ROOM
• FENCED IN BACK YARD

Property features AI

Finance

• Financial info: $1,221 annual tax (2025)
• HOA & community: Not a senior community

Exterior

• Parking: Attached garage
• Utilities: Electricity connected; Sewer connected; Water connected
• Home design: Single-family residence; Attached property
• Exterior features: Private pool: No; Lot size approximately 0.04 acres; Residential use

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Electric cooktop; Electric oven

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $51k.

Deal economics

• At list price, monthly cash flow is $504 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $51k).
• Recommended offer: $48k (6.0% below list) — sets the bar for market timing.
• Cap rate 18.1% 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 rising (+1.8%/yr); 394 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 45% of the median local income ($31k/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 $353 of loan paydown is wiped out by about $2k 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 + 1.8% rent growth), your $14k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($48k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y ago; this cycle's ask has dropped $9k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $47,940 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% 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. 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: 2.22% ✓
• Cap rate: 18.14%
• Cash-on-cash: 42.33%
• DSCR: 2.88
• GRM: 3.8

CMA / ARV

• ARV (on-the-fly): $107,350
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7203 Ken Knight Dr E	0.10mi	2/1.0 (-1)	950 (0%)	3mo	$38,000	$40	84
7142 Ken Knight Dr E	0.09mi	2/1.0 (-1)	950 (0%)	6mo	$85,000	$89	81
4225 Homer Rd	0.22mi	3/1.0	924 (-3%)	1mo	$104,150	$113	80
4507 Harbor View Dr	0.46mi	3/1.5	954 (+0%)	7mo	$85,000	$89	70
6601 Cleveland Rd	0.40mi	3/1.0	896 (-6%)	2mo	$82,500	$92	66
6645 Cleveland Rd	0.34mi	3/1.0	888 (-6%)	6mo	$105,000	$118	64
4523 Trenton Dr S	0.53mi	3/1.0	923 (-3%)	11mo	$86,000	$93	58
8636 Bermuda Rd	0.67mi	3/1.0	962 (+1%)	10mo	$160,000	$166	54
4105 Katanga Dr N	0.62mi	3/1.0	874 (-8%)	1mo	$122,500	$140	53
6151 Ardisia Rd	0.74mi	3/1.0	892 (-6%)	2mo	$128,000	$143	50
8514 Oak Leaf Rd	0.49mi	3/2.0	1,040 (+10%)	15mo	$100,000	$96	49
4158 Lockhart Dr	0.60mi	3/1.0	888 (-6%)	12mo	$145,000	$163	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 · 1.81% rent growth · sell at horizon

5-year hold

• IRR: 37.7%
• Equity multiple: 2.58×
• Total profit: $22,518
• Equity at exit: $7,604

10-year hold

• IRR: 43.6%
• Equity multiple: 4.90×
• Total profit: $55,716
• Equity at exit: $4,410

Cash invested: $14,280 (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 32209

• Home prices YoY: -22.1%
• Rents YoY: 1.8%
• Active inventory: 394
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,132 high
• Mortgage (P&I): −$267
• Tax from tax record: −$102 /mo · $1,221/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$238
• Net cashflow: $504

Break-even live

Break-even rent $494

Max offer price $51,000

Occupancy floor 50%

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: $12,750
• Closing costs: $1,530
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4253 Moncrief Rd W Unit 2 Jacksonville, FL	2.0	1.0	840	$975	$1.16	24d	1	0.09mi
4177 Lorenzo Ct Unit 4 Jacksonville, FL	2.0	1.0	840	$945	$1.12	2d	1	0.11mi
4543 Moncrief Rd W Jacksonville, FL	2.0	1.0	950	$1,075	$1.13	8d	1	0.15mi
4211 Moncrief Rd W Unit 2 Jacksonville, FL	2.0	1.0	840	$995	$1.18	24d	1	0.17mi
4440 Ken Knight Dr N Jacksonville, FL	2.0	1.0	716	$650	$0.91	15d	1	0.17mi
3997 Leonnie Rd Unit 1 Jacksonville, FL	2.0	1.0	840	$950	$1.13	8d	1	0.19mi
4236 Homer Rd N Jacksonville, FL	3.0	1.0	888	$1,250	$1.41	11d	1	0.24mi
4655 Ken Knight Dr N Jacksonville, FL	2.0	1.0	646	$600	$0.93	24d	1	0.24mi
6601 Cleveland Rd Jacksonville, FL	3.0	1.0	896	$1,400	$1.56	24d	1	0.39mi
4144 Katanga Dr N Jacksonville, FL	3.0	1.0	1114	$1,095	$0.98	24d	1	0.65mi
4294 Katanga Dr N Jacksonville, FL	3.0	1.0	864	$1,450	$1.68	24d	1	0.70mi
2904 Lippia Rd Jacksonville, FL	4.0	1.0	964	$1,400	$1.45	24d	1	1.04mi
6114 Strawflower Pl Jacksonville, FL	3.0	1.0	1030	$1,200	$1.17	24d	1	1.08mi
2534 Aubrey Ave Jacksonville, FL	4.0	2.0	759	$1,250	$1.65	24d	1	1.20mi
6705 Gaspar Cir E Jacksonville, FL	3.0	1.5	1116	$1,254	$1.12	17d	1	1.24mi
2185 Benedict Rd Jacksonville, FL	2.0	1.0	630	$995	$1.58	24d	1	1.33mi
2185 Benedict Rd Unit 2187 Jacksonville, FL	2.0	1.0	630	$995	$1.58	11d	1	1.33mi
6718 Gaspar Cir W Jacksonville, FL	3.0	2.0	1068	$1,305	$1.22	24d	1	1.33mi
9206 Greenleaf Rd Jacksonville, FL	3.0	1.5	888	$1,400	$1.58	17d	1	1.35mi
4935 Portsmouth Ave Jacksonville, FL	3.0	1.0	894	$1,163	$1.30	11d	1	1.37mi
2312 Palmdale St Jacksonville, FL	3.0	2.0	972	$1,231	$1.27	24d	1	1.37mi
5531 Agra Ct Jacksonville, FL	3.0	1.0	988	$1,295	$1.31	15d	1	1.37mi
9348 Culpeper Ave Jacksonville, FL	3.0	1.0	882	$1,195	$1.35	24d	1	1.40mi
5428 Bunche Dr Jacksonville, FL	3.0	1.0	900	$1,600	$1.78	24d	1	1.41mi
1975 Rugby Rd Jacksonville, FL	2.0	1.0	992	$1,100	$1.11	8d	1	1.45mi
4662 Roanoke Blvd Jacksonville, FL	3.0	2.0	1104	$1,195	$1.08	14d	1	1.47mi
2092 Benedict Rd Jacksonville, FL	3.0	1.0	816	$1,095	$1.34	24d	1	1.48mi
5326 Mays Dr Jacksonville, FL	3.0	1.0	900	$1,200	$1.33	24d	1	1.49mi

Listing history 16 events

1. 2026-06-16
   statusdays on market $51,000 Pending 69 DOM
2. 2026-06-15
   days on market $51,000 Active 68 DOM
3. 2026-06-13
   pricedays on market $51,000 Active 65 DOM
4. 2026-06-10
   days on market $60,000 Active 62 DOM
5. 2026-06-08
   days on market $60,000 Active 61 DOM
6. 2026-06-07
   days on market $60,000 Active 60 DOM
7. 2026-06-05
   days on market $60,000 Active 57 DOM
8. 2026-06-03
   days on market $60,000 Active 56 DOM
9. 2026-06-02
   days on market $60,000 Active 55 DOM
10. 2026-06-01
    days on market $60,000 Active 54 DOM
11. 2026-05-31
    days on market $60,000 Active 53 DOM
12. 2026-04-08
    listed $60,000 Active
13. 2018-12-20
    soldstatus $39,500 Sold 227-char remark

    Show marketing remark (227 chars)

    Recently renovated home. Suitable for a family or an investor looking for a cash flowing opportunity. New roof, flooring, windows, plumbing and updated bathrooms and electrical. Don't hesitate come by and see this beauty today.

14. 2018-12-18
    status Pending 227-char remark

    Show marketing remark (227 chars)

    Recently renovated home. Suitable for a family or an investor looking for a cash flowing opportunity. New roof, flooring, windows, plumbing and updated bathrooms and electrical. Don't hesitate come by and see this beauty today.

15. 2018-12-01
    price $39,500 227-char remark

    Show marketing remark (227 chars)

    Recently renovated home. Suitable for a family or an investor looking for a cash flowing opportunity. New roof, flooring, windows, plumbing and updated bathrooms and electrical. Don't hesitate come by and see this beauty today.

16. 2018-11-19
    listed $39,900 Active 227-char remark

    Show marketing remark (227 chars)

    Recently renovated home. Suitable for a family or an investor looking for a cash flowing opportunity. New roof, flooring, windows, plumbing and updated bathrooms and electrical. Don't hesitate come by and see this beauty today.

ⓘ 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: $1,221 · $102/mo
• Projected year-2 tax: $1,221 · $102/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 2/10 Low FEMA zone X (unshaded) · 3% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 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: $13,582
• − Mortgage interest: −$2,857
• − Property taxes: −$1,221
• − Insurance: −$255
• − Repairs & maintenance: −$1,087
• − Management: −$1,087
• − Depreciation: −$1,484
• Taxable income: $5,593
• Est. tax owed @ 24.0%: −$1,342
• After-tax cash flow: $4,702/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): 34,657
• Household income: $30,514
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 2921.0

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 (88%)
• Race & ethnicity: Black 88% White 5% Hispanic / Latino 5% Two or more races 2%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Hispanic 1% Romanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4% French/Haitian/Cajun 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: ▼ -53.92%
• Current HPI: 189.5977
• Rent YoY: ▲ 1.81%
• 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

+50.4% since first listed

5 events — show timeline

• 2026-04-08 Listed $60,000 realMLS
• 2018-12-20 Sold (MLS) $39,500 realMLS
• 2018-12-18 Pending — realMLS
• 2018-12-01 Price Changed $39,500 realMLS
• 2018-11-19 Listed $39,900 realMLS

Property tax history

+12.9%/yr

Latest (2025): $1,221 · +23.8% YoY. Source: county tax records.