628 E 59th St · Jacksonville, FL 32208

$97,000

3 bd · 1.0 ba · 1,213 sqft · SingleFamily public records · 212 Days on market

Built 1943 4,791 sqft lot Est $154k · 37% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• 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 MLS

If TLC stood for This house had Limited Care then you found a TLC. NICE INVESTMENT PROPERTY across the street FROM PARKS AND TOWN.

Key facts

• Manageable yard
• Local amenities
• Detached shed

Tags

• DETACHED SHED
• MANAGEABLE YARD
• OUTDOOR LIVING
• LOCAL AMENITIES
• PANAMA PARK NEIGHBORHOOD

Property features AI

Exterior

• Parking: Off-street parking; On-street parking
• Utilities: Public sewer; Electricity connected; Sewer connected; Water connected
• Home design: Single family residence; One level; Entry level: 1
• Construction: Frame construction with vinyl siding; Shingle roof
• Exterior features: Chain link fence; Shed(s); City street frontage; Asphalt road

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Eat-in kitchen; Primary bathroom with tub and shower
• Laundry & utility: In-unit washer hookup; In-unit electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $97k.

Deal economics

• At list price, monthly cash flow is $410 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $97k).
• Recommended offer: $85k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.4% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 42% 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 $671 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 ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 212 days — a 12% lower offer ($85k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 22y ago; this cycle's ask has dropped $12k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; 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 $85,360 (12.0% below list)

Questions for the listing agent

1. It's been on market 212 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 1943 — 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: 1.47% ✓
• Cap rate: 11.36%
• Cash-on-cash: 18.10%
• DSCR: 1.81
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $154,051
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
628 E 59th St	0.00mi	3/1.0	1,213 (0%)	1mo	$97,000	$80	99
7115 Nelms St	0.19mi	3/1.0	1,130 (-7%)	4mo	$95,000	$84	76
558 E 60th St	0.13mi	3/2.0	1,306 (+8%)	2mo	$210,000	$161	76
732 57th Street Ct	0.13mi	3/1.0	1,089 (-10%)	3mo	$153,900	$141	74
8020 Oakwood St	0.56mi	2/1.0 (-1)	1,156 (-5%)	6mo	$65,000	$56	56
222 Trout River Dr	0.68mi	2/1.0 (-1)	1,248 (+3%)	5mo	$127,500	$102	55
264 E 45th St	0.65mi	3/1.0	1,328 (+10%)	2mo	$105,000	$79	52
118 E 45th St	0.73mi	3/1.0	1,132 (-7%)	3mo	$161,000	$142	52
140 E 45th St	0.71mi	3/2.0	1,166 (-4%)	4mo	$194,000	$166	52
110 Tallulah Ave	0.67mi	3/1.0	1,102 (-9%)	2mo	$181,000	$164	52
6711 Drayton St	0.66mi	3/1.0	1,088 (-10%)	3mo	$138,000	$127	50
8024 Hawthorne St	0.62mi	2/1.0 (-1)	1,042 (-14%)	2mo	$115,000	$110	41

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: 6.1%
• Equity multiple: 1.23×
• Total profit: $6,235
• Equity at exit: $14,463

10-year hold

• IRR: 12.5%
• Equity multiple: 1.85×
• Total profit: $23,044
• Equity at exit: $8,387

Cash invested: $27,160 (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: 5.7×

Monthly cashflow live

• Estimated rent: $1,430 high
• Mortgage (P&I): −$509
• Tax from tax record: −$171 /mo · $2,050/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $410

Break-even live

Break-even rent $911

Max offer price $97,000

Occupancy floor 66%

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: $24,250
• Closing costs: $2,910
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6945 Nelms St Jacksonville, FL	4.0	2.0	1128	$1,550	$1.37	3d	1	0.14mi
524 E 60th St Jacksonville, FL	3.0	1.0	1212	$1,195	$0.99	7d	1	0.16mi
814 E 60th St Jacksonville, FL	2.0	1.0	981	$1,199	$1.22	2d	1	0.16mi
525 E 60th St Jacksonville, FL	3.0	2.0	1120	$1,471	$1.31	24d	1	0.16mi
7140 Buffalo Ave Jacksonville, FL	2.0	1.0	832	$1,321	$1.59	24d	1	0.17mi
516 E 58th St Jacksonville, FL	4.0	2.0	1232	$1,725	$1.40	7d	1	0.18mi
841 E 60th St Jacksonville, FL	3.0	1.0	954	$1,225	$1.28	24d	1	0.20mi
567 E 55th St Jacksonville, FL	3.0	2.0	1230	$1,488	$1.21	14d	1	0.21mi
555 E 55th St Jacksonville, FL	3.0	2.0	1230	$1,488	$1.21	10d	1	0.22mi
549 E 55th St Jacksonville, FL	3.0	2.0	1230	$1,488	$1.21	10d	1	0.23mi
8027 Floyd St Jacksonville, FL	2.0	1.5	935	$1,300	$1.39	3d	1	0.33mi
7545 Wilder Ave Jacksonville, FL	3.0	1.0	1300	$1,150	$0.88	3d	1	0.43mi
7525 Oakwood St Jacksonville, FL	3.0	1.0	945	$1,375	$1.46	14d	1	0.44mi
41 Tallulah Ave Jacksonville, FL	3.0	1.0	1092	$1,390	$1.27	3d	1	0.54mi
217 E 48th St Jacksonville, FL	3.0	1.0	979	$1,096	$1.12	10d	1	0.56mi
33 W 55th St Jacksonville, FL	4.0	2.0	1387	$1,321	$0.95	3d	1	0.59mi
349 E 45th St Jacksonville, FL	2.0	1.0	954	$1,175	$1.23	7d	1	0.61mi
7115 Lucky Dr W Jacksonville, FL	3.0	1.0	1158	$1,500	$1.30	24d	1	0.65mi
345 E 44th St Jacksonville, FL	3.0	1.0	1145	$1,150	$1.00	24d	1	0.65mi
209 Woodrow St Jacksonville, FL	3.0	1.0	1282	$1,325	$1.03	24d	1	0.72mi
205 E 44th St Jacksonville, FL	3.0	1.0	955	$1,075	$1.13	21d	1	0.73mi
6418 Sapphire Dr Jacksonville, FL	3.0	1.5	1296	$1,350	$1.04	24d	1	0.77mi
222 E 43rd St Jacksonville, FL	2.0	1.0	840	$946	$1.13	24d	1	0.79mi
18 W 43rd St Jacksonville, FL	2.0	1.0	750	$795	$1.06	4d	1	0.93mi
343 W 60th St Jacksonville, FL	3.0	1.0	1238	$1,299	$1.05	21d	1	0.96mi
319 W 49th St Jacksonville, FL	2.0	1.0	977	$1,200	$1.23	24d	1	0.99mi
5035 N Main St Jacksonville, FL	3.0	1.0–2.0	816	$1,459	$1.79	24d	69	0.99mi
356 Duray Ct Jacksonville, FL	3.0	2.0	1070	$1,425	$1.33	14d	1	1.00mi
141 W 43rd St Jacksonville, FL	3.0	2.0	1022	$1,231	$1.20	3d	1	1.01mi
385 Duray Ct Jacksonville, FL	3.0	1.0	932	$1,250	$1.34	20d	1	1.04mi
346 W 68th St Jacksonville, FL	3.0	1.0	1114	$1,385	$1.24	4d	1	1.06mi
425 W 47th St Jacksonville, FL	3.0	1.5	1083	$1,193	$1.10	7d	1	1.06mi
6460 Lanark Ave Jacksonville, FL	2.0	1.0	708	$1,095	$1.55	24d	1	1.14mi
472 W 65th St Jacksonville, FL	3.0	1.0	1312	$1,295	$0.99	21d	1	1.14mi
7124 Lorain St Jacksonville, FL	3.0	1.0	864	$1,043	$1.21	3d	1	1.16mi
535 W 59th St Jacksonville, FL	3.0	2.0	816	$1,395	$1.71	7d	1	1.16mi
562 W 49th St Jacksonville, FL	3.0	1.0	1091	$1,195	$1.10	24d	1	1.17mi
22 W 38th St Jacksonville, FL	2.0	1.0	800	$1,100	$1.38	24d	1	1.21mi
7511 N Shore Dr Jacksonville, FL	2.0	1.0	1014	$1,350	$1.33	4d	1	1.24mi
4918 N Pearl St Jacksonville, FL	2.0	1.0	850	$895	$1.05	24d	1	1.25mi

Listing history 43 events

1. 2026-05-12
   status Pending
2. 2026-04-27
   historical Active Under Contract
3. 2026-04-17
   status Active
4. 2026-04-06
   status Active
5. 2026-04-06
   historical
6. 2026-03-23
   historical Active Under Contract
7. 2026-03-18
   price $97,000
8. 2026-03-12
   price $98,000
9. 2026-02-24
   price $100,000
10. 2026-02-10
    price $102,500
11. 2026-02-03
    price $104,000
12. 2026-01-27
    price $105,000
13. 2026-01-22
    price $107,500
14. 2026-01-14
    price $109,000
15. 2025-12-23
    status Active
16. 2025-11-26
    historical
17. 2025-11-13
    status Active
18. 2025-11-13
    price $110,000
19. 2025-11-13
    historical
20. 2025-11-12
    status Active
21. 2025-10-31
    historical Active Under Contract
22. 2025-10-28
    price $105,000
23. 2025-10-10
    status Active
24. 2025-10-10
    price $110,000
25. 2025-10-09
    historical
26. 2025-09-30
    price $95,000
27. 2025-09-23
    price $100,000
28. 2025-09-16
    price $105,000
29. 2025-09-03
    listed $109,000 Active
30. 2025-08-26
    soldstatus $1,750,000
31. 2025-08-26
    soldstatus $1,750,000
32. 2025-04-29
    soldstatus $601,200
33. 2013-07-10
    listed $13,500 130-char remark

    Show marketing remark (130 chars)

    If TLC stood for This house had Limited Care then you found a TLC. NICE INVESTMENT PROPERTY across the street FROM PARKS AND TOWN.

34. 2012-09-27
    historical 122-char remark

    Show marketing remark (122 chars)

    NICE INVESTMENT PROPERTY NOT FAR FROM PARKS AND TOWN. THIS CAN BE INCLUDED IN A GROUP OF 4 PROPERTIES WITH THE SAME OWNER.

35. 2012-02-29
    listed $15,000 122-char remark

    Show marketing remark (122 chars)

    NICE INVESTMENT PROPERTY NOT FAR FROM PARKS AND TOWN. THIS CAN BE INCLUDED IN A GROUP OF 4 PROPERTIES WITH THE SAME OWNER.

36. 2011-12-09
    historical
37. 2011-01-11
    listed $35,000
38. 2004-09-15
    historical
39. 2004-09-10
    soldstatus $64,000
40. 2004-08-27
    soldstatus $64,000
41. 2004-03-12
    listed $75,000
42. 1981-11-01
    soldstatus $27,000
43. 1981-08-01
    soldstatus $12,500

ⓘ 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: $2,050 · $171/mo
• Projected year-2 tax: $2,050 · $171/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 5/10 Major FEMA zone X (unshaded) · 23% 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: $17,158
• − Mortgage interest: −$5,434
• − Property taxes: −$2,050
• − Insurance: −$485
• − Repairs & maintenance: −$1,373
• − Management: −$1,373
• − Depreciation: −$2,822
• Taxable income: $3,623
• Est. tax owed @ 24.0%: −$869
• After-tax cash flow: $4,047/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

+676.0% since first listed

43 events — show timeline

• 2026-05-12 Pending — realMLS
• 2026-04-27 Contingent — realMLS
• 2026-04-17 Relisted — realMLS
• 2026-04-06 Relisted — realMLS
• 2026-04-06 Listing Removed — realMLS
• 2026-03-23 Contingent — realMLS
• 2026-03-18 Price Changed $97,000 realMLS
• 2026-03-12 Price Changed $98,000 realMLS
• 2026-02-24 Price Changed $100,000 realMLS
• 2026-02-10 Price Changed $102,500 realMLS
• 2026-02-03 Price Changed $104,000 realMLS
• 2026-01-27 Price Changed $105,000 realMLS
• 2026-01-22 Price Changed $107,500 realMLS
• 2026-01-14 Price Changed $109,000 realMLS
• 2025-12-23 Relisted — realMLS
• 2025-11-26 Listing Removed — realMLS
• 2025-11-13 Relisted — realMLS
• 2025-11-13 Price Changed $110,000 realMLS
• 2025-11-13 Listing Removed — realMLS
• 2025-11-12 Relisted — realMLS
• 2025-10-31 Contingent — realMLS
• 2025-10-28 Price Changed $105,000 realMLS
• 2025-10-10 Relisted — realMLS
• 2025-10-10 Price Changed $110,000 realMLS
• 2025-10-09 Listing Removed — realMLS
• 2025-09-30 Price Changed $95,000 realMLS
• 2025-09-23 Price Changed $100,000 realMLS
• 2025-09-16 Price Changed $105,000 realMLS
• 2025-09-03 Listed $109,000 realMLS
• 2025-08-26 Sold (Public Records) $1,750,000 Public Records
• 2025-08-26 Sold (Public Records) $1,750,000 Public Records
• 2025-04-29 Sold (Public Records) $601,200 Public Records
• 2013-07-10 Listed $13,500 realMLS
• 2012-09-27 Listing Removed — realMLS
• 2012-02-29 Listed $15,000 realMLS
• 2011-12-09 Listing Removed — realMLS
• 2011-01-11 Listed $35,000 realMLS
• 2004-09-15 Listing Removed — realMLS
• 2004-09-10 Sold (Public Records) $64,000 Public Records
• 2004-08-27 Sold (MLS) $64,000 realMLS
• 2004-03-12 Listed $75,000 realMLS
• 1981-11-01 Sold (Public Records) $27,000 Public Records
• 1981-08-01 Sold (Public Records) $12,500 Public Records

Property tax history

+6.1%/yr

Latest (2025): $2,050 · +17.2% YoY. Source: county tax records.