7400 Fernandina Ave · Jacksonville, FL 32208

$39,900

2 bd · 1.0 ba · 933 sqft · SingleFamily public records · 203 Days on market

Built 1928 0.29 ac lot

---

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 MLS

Fire damaged house in need of full remodel. Buyer to take on liens (code violations).

Key facts

• Custom renovation
• 0.29 acre lot
• Built 1928

Tags

• GENEROUS .29 ACRE LOT
• CUSTOM RENOVATION

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Cable available; Electricity available; Sewer available; Water available
• Home design: Single family residence; Residential / Single Family use
• Construction: Shingle roof
• Exterior features: City street frontage; Asphalt road surface

Interior

• Kitchen: No kitchen appliances specified
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: No heating specified; No cooling specified
• Interior features: No built-in appliances listed
• Laundry & utility: No washer/dryer specified

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $620 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $35k (12.0% below list) — sets the bar for market timing.
• Cap rate 24.9% 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.
• Market conditions: Rents soft (-1.4%/yr); 293 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 34% 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 $276 of loan paydown is wiped out by about $1k 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 $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 203 days — a 12% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 22y ago; this cycle's ask has dropped $35k (47%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $35,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 203 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 1928 — 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: 2.92% ✓
• Cap rate: 24.94%
• Cash-on-cash: 66.60%
• DSCR: 3.96
• GRM: 2.9

CMA / ARV

• ARV (on-the-fly): $133,419
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7400 Fernandina Ave	0.00mi	2/1.0	933 (0%)	1mo	$28,000	$30	100
7447 Oriole St	0.08mi	3/1.5 (+1)	912 (-2%)	8mo	$71,250	$78	79
7069 Alan Ave	0.32mi	3/1.0 (+1)	872 (-6%)	8mo	$129,900	$149	63
7437 Oriole St	0.07mi	3/2.0 (+1)	1,032 (+11%)	10mo	$169,000	$164	62
5752 Oprey St	0.48mi	3/2.0 (+1)	912 (-2%)	6mo	$110,000	$121	60
950 Ashton St	0.50mi	3/1.0 (+1)	1,000 (+7%)	4mo	$142,500	$143	56
1512 Rutledge Ave	0.23mi	3/2.0 (+1)	1,007 (+8%)	20mo	$97,000	$96	51
7632 Lueders Ave	0.55mi	3/1.0 (+1)	1,024 (+10%)	6mo	$144,000	$141	48
1130 Angus St	0.57mi	2/1.0	1,022 (+10%)	19mo	$165,000	$161	42
7807 Lake Park Dr	0.60mi	3/2.0 (+1)	1,008 (+8%)	17mo	$200,000	$198	35
1011 Glencarin St	0.71mi	3/1.0 (+1)	1,061 (+14%)	7mo	$90,000	$85	33
1540 Golf Forest Dr	0.70mi	3/2.0 (+1)	1,050 (+12%)	18mo	$160,000	$152	22

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: 62.4%
• Equity multiple: 3.65×
• Total profit: $29,641
• Equity at exit: $5,949

10-year hold

• IRR: 65.9%
• Equity multiple: 6.69×
• Total profit: $63,588
• Equity at exit: $3,450

Cash invested: $11,172 (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: 293
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,166 high
• Mortgage (P&I): −$209
• Tax from tax record: −$75 /mo · $905/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$245
• Net cashflow: $620

Break-even live

Break-even rent $381

Max offer price $39,900

Occupancy floor 42%

Sensitivity live

Price	-10% $643	-5% $631	+0% $620	+5% $609	+10% $597
Rent	-10% $528	-5% $574	+0% $620	+5% $666	+10% $712
Rate	-1.0pp $640	-0.5pp $630	base $620	+0.5pp $610	+1.0pp $599

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1567 Rutledge Ave Jacksonville, FL	3.0	2.0	1050	$1,113	$1.06	24d	1	0.33mi
1244 Ida St Apt 4 Jacksonville, FL	1.0	1.0	686	$900	$1.31	24d	1	0.40mi
7350 Linda Dr Jacksonville, FL	1.0	1.0	954	$795	$0.83	8d	1	0.55mi
1536 W 45th St Jacksonville, FL	2.0	1.0	800	$1,050	$1.31	24d	1	0.58mi
7927 Reid Ave Jacksonville, FL	3.0	1.0	1055	$1,500	$1.42	24d	1	0.59mi
5736 Teeler Ave Jacksonville, FL	3.0	1.0	852	$1,000	$1.17	24d	1	0.64mi
961 Dorchester St Jacksonville, FL	2.0	1.0	884	$1,025	$1.16	4d	1	0.67mi
1059 Glencarin St Jacksonville, FL	2.0	1.0	645	$897	$1.39	5d	1	0.72mi
2312 Palmdale St Jacksonville, FL	3.0	2.0	972	$1,231	$1.27	24d	1	0.79mi
1136 Maynard St Jacksonville, FL	2.0	1.0	919	$1,045	$1.14	24d	1	0.80mi
1975 Rugby Rd Jacksonville, FL	2.0	1.0	992	$1,100	$1.11	8d	1	0.95mi
851 Broxton St Unit 851 Jacksonville, FL	1.0	1.0	700	$875	$1.25	18d	1	0.97mi
2092 Benedict Rd Jacksonville, FL	3.0	1.0	816	$1,095	$1.34	24d	1	0.99mi
1803 W 44th St Unit 1803 Jacksonville, FL	2.0	1.0	750	$950	$1.27	8d	1	0.99mi
5352 Dodge Rd Jacksonville, FL	3.0	2.0	1050	$1,261	$1.20	24d	1	0.99mi
8617 3rd Ave Jacksonville, FL	3.0	1.0	1048	$1,200	$1.15	11d	1	1.00mi
1823 W 44th St Jacksonville, FL	3.0	2.0	1066	$1,500	$1.41	24d	1	1.00mi
4813 Moncrief Rd Jacksonville, FL	2.0–3.0	1.0	755	$870	$1.15	3d	8	1.01mi
5350 Dodge Rd Jacksonville, FL	3.0	1.0	1000	$1,500	$1.50	24d	1	1.02mi
8642 2nd Ave Jacksonville, FL	3.0	2.0	1074	$1,245	$1.16	2d	1	1.03mi
7210 Elwood Ave Jacksonville, FL	2.0	1.0	831	$995	$1.20	22d	1	1.04mi
1959 W 45th St Jacksonville, FL	2.0	1.0	895	$1,245	$1.39	15d	1	1.06mi
2185 Benedict Rd Unit 2187 Jacksonville, FL	2.0	1.0	630	$995	$1.58	11d	1	1.07mi
2185 Benedict Rd Jacksonville, FL	2.0	1.0	630	$995	$1.58	24d	1	1.07mi
8663 5th Ave Jacksonville, FL	2.0	1.0	720	$1,045	$1.45	24d	1	1.07mi
7511 N Shore Dr Jacksonville, FL	2.0	1.0	1014	$1,350	$1.33	5d	1	1.14mi
912 Saratoga Blvd Jacksonville, FL	3.0	1.0	930	$1,250	$1.34	24d	1	1.14mi
6114 Strawflower Pl Jacksonville, FL	3.0	1.0	1030	$1,200	$1.17	24d	1	1.15mi
7124 Lorain St Jacksonville, FL	3.0	1.0	864	$1,043	$1.21	4d	1	1.18mi
535 W 59th St Jacksonville, FL	3.0	2.0	816	$1,395	$1.71	8d	1	1.19mi
8253 Lexington Dr Jacksonville, FL	3.0	1.0	910	$1,330	$1.46	24d	1	1.21mi
1653 W 35th St Jacksonville, FL	2.0	1.0	800	$825	$1.03	24d	1	1.23mi
6460 Lanark Ave Jacksonville, FL	2.0	1.0	708	$1,095	$1.55	24d	1	1.29mi
5616 Calvin Ave Jacksonville, FL	3.0	1.0	1008	$1,195	$1.19	8d	1	1.29mi
5514 Long St Jacksonville, FL	2.0	1.0	941	$1,250	$1.33	2d	1	1.29mi
1551 W 33rd St #2 Jacksonville, FL	2.0	1.0	842	$795	$0.94	21d	1	1.31mi
385 Duray Ct Jacksonville, FL	3.0	1.0	932	$1,250	$1.34	20d	1	1.32mi
356 Duray Ct Jacksonville, FL	3.0	2.0	1070	$1,425	$1.33	15d	1	1.36mi
5306 Paris Ave Jacksonville, FL	3.0	1.0	944	$1,150	$1.22	24d	1	1.37mi
562 W 49th St Jacksonville, FL	3.0	1.0	1091	$1,195	$1.10	24d	1	1.39mi

Listing history 30 events

1. 2026-05-04
   status Pending
2. 2026-04-21
   price $39,900
3. 2026-04-06
   status Active
4. 2026-04-06
   price $44,900
5. 2026-03-28
   historical
6. 2026-03-25
   price $47,500
7. 2026-03-25
   status Active
8. 2026-03-25
   price $54,900
9. 2026-03-06
   historical Active Under Contract
10. 2026-02-16
    status Active
11. 2026-02-16
    price $59,900
12. 2026-01-27
    historical Active Under Contract
13. 2026-01-08
    price $64,900
14. 2025-10-04
    listed $74,900 Active
15. 2025-03-20
    soldstatus $125,000
16. 2024-11-18
    soldstatus $22,000 Closed 85-char remark

    Show marketing remark (85 chars)

    Fire damaged house in need of full remodel. Buyer to take on liens (code violations).

17. 2024-10-02
    status Pending 85-char remark

    Show marketing remark (85 chars)

    Fire damaged house in need of full remodel. Buyer to take on liens (code violations).

18. 2024-09-30
    price $25,000 85-char remark

    Show marketing remark (85 chars)

    Fire damaged house in need of full remodel. Buyer to take on liens (code violations).

19. 2024-09-23
    status Active 85-char remark

    Show marketing remark (85 chars)

    Fire damaged house in need of full remodel. Buyer to take on liens (code violations).

20. 2024-09-20
    historical 85-char remark

    Show marketing remark (85 chars)

    Fire damaged house in need of full remodel. Buyer to take on liens (code violations).

21. 2024-09-13
    price $29,000 85-char remark

    Show marketing remark (85 chars)

    Fire damaged house in need of full remodel. Buyer to take on liens (code violations).

22. 2024-08-29
    price $33,000 85-char remark

    Show marketing remark (85 chars)

    Fire damaged house in need of full remodel. Buyer to take on liens (code violations).

23. 2024-08-20
    listed $37,000 Active 85-char remark

    Show marketing remark (85 chars)

    Fire damaged house in need of full remodel. Buyer to take on liens (code violations).

24. 2009-02-01
    historical 117-char remark

    Show marketing remark (117 chars)

    This home is in a nice wooded area, has two tone paint, just needs a little TLC and you'll have a nice place to live.

25. 2008-06-17
    listed $23,900 117-char remark

    Show marketing remark (117 chars)

    This home is in a nice wooded area, has two tone paint, just needs a little TLC and you'll have a nice place to live.

26. 2005-09-20
    historical
27. 2005-09-09
    soldstatus $53,200
28. 2005-08-11
    listed $63,000
29. 2005-04-01
    soldstatus $33,000
30. 2004-11-18
    listed $35,000

ⓘ 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: $905 · $75/mo
• Projected year-2 tax: $905 · $75/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 18 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: $13,995
• − Mortgage interest: −$2,235
• − Property taxes: −$905
• − Insurance: −$200
• − Repairs & maintenance: −$1,120
• − Management: −$1,120
• − Depreciation: −$1,161
• Taxable income: $7,255
• Est. tax owed @ 24.0%: −$1,741
• After-tax cash flow: $5,699/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

+14.0% since first listed

30 events — show timeline

• 2026-05-04 Pending — realMLS
• 2026-04-21 Price Changed $39,900 realMLS
• 2026-04-06 Relisted — realMLS
• 2026-04-06 Price Changed $44,900 realMLS
• 2026-03-28 Listing Removed — realMLS
• 2026-03-25 Price Changed $47,500 realMLS
• 2026-03-25 Relisted — realMLS
• 2026-03-25 Price Changed $54,900 realMLS
• 2026-03-06 Contingent — realMLS
• 2026-02-16 Relisted — realMLS
• 2026-02-16 Price Changed $59,900 realMLS
• 2026-01-27 Contingent — realMLS
• 2026-01-08 Price Changed $64,900 realMLS
• 2025-10-04 Listed $74,900 realMLS
• 2025-03-20 Sold (Public Records) $125,000 Public Records
• 2024-11-18 Sold (MLS) $22,000 realMLS
• 2024-10-02 Pending — realMLS
• 2024-09-30 Price Changed $25,000 realMLS
• 2024-09-23 Relisted — realMLS
• 2024-09-20 Listing Removed — realMLS
• 2024-09-13 Price Changed $29,000 realMLS
• 2024-08-29 Price Changed $33,000 realMLS
• 2024-08-20 Listed $37,000 realMLS
• 2009-02-01 Listing Removed — realMLS
• 2008-06-17 Listed $23,900 realMLS
• 2005-09-20 Listing Removed — realMLS
• 2005-09-09 Sold (Public Records) $53,200 Public Records
• 2005-08-11 Listed $63,000 realMLS
• 2005-04-01 Sold (MLS) $33,000 realMLS
• 2004-11-18 Listed $35,000 realMLS

Property tax history

+1.8%/yr

Latest (2025): $905 · +43.1% YoY. Source: county tax records.