3 bd · 2.0 ba ·
1,056 sqft ·
Built 2026
· Manufactured
· Active
· 114 DOM
Cashflow @ list (25.0% down · 7.5%)
Estimated rent
$1,397/mo
Mortgage (P&I)
−$224
Tax + insurance
−$71
HOA
−$0
Vac / Maint / Mgmt
−$293
Net cashflow
$808/mo
Annual
$9,698/yr
Cap rate
29.00%
Cash-on-cash
81.11%
DSCR
4.61
1% rule
3.27%
Cash to close
$11,956
Investor read
This is a 3-bed/2.0-bath manufactured listed at $43k.
At list price, monthly cash flow is $808 ($10k/yr) — positive.
The deal already cash-flows at list — no discount required.
Meets the 1% rule at list price ($1k rent vs $43k).
It's been on market 114 days — a 9% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
Recommended offer: $39k (9.0% below list) — sets the bar for market timing.
Local home prices are declining (-3.0%/yr); year-one equity from $295 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
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 (+2.1%/yr); 441 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); 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).
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 + 2.1% rent growth), your $12k cash investment doubles in ~2 years — after that, you're playing with house money.
Cap rate 29.0% 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.
Questions for listing agent
It's been on market 114 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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?
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.
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.
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.
CashFlowRE · CFR-B2VBQN5PF9BSQN
· Data 3 weeks agocashflowre.app · 2026-05-29