75 E 61st St · Jacksonville, FL 32208

$75,000

2 bd · 1.0 ba · 988 sqft · SingleFamily public records · 454 Days on market

Built 1947 4,356 sqft lot Est $109k · 31% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Presenting a lucrative investment opportunity in Jacksonville, Florida, this tenant-occupied 2-bedroom, 1-bathroom property offers both immediate rental income and long-term potential. This residence boasts convenience to local amenities, schools, and transportation. Featuring two spacious bedrooms, a well-appointed bathroom, and reliable tenants already in place, this property ensures a steady stream of income for the savvy investor. With a stable rental history and the potential for future appreciation, this investment promises both financial security and growth. Don't miss your chance to capitalize on this prime investment property in Jacksonville. Schedule a viewing today and secure you

Key facts

• 4,356 sq ft lot
• Built 1947
• Listed 454 days

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Other parking
• Utilities: Electricity connected; Sewer connected; Water connected
• Home design: Single-family residence; Used as investment and residential
• Exterior features: Lot about 0.1 acre

Interior

• Kitchen: Electric cooktop; Electric range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Electric cooktop; Electric range; Microwave; Refrigerator

🏷️ Possibly a rental listed for sale. The $75,000 price doesn't fit this home's estimated sale value (~$108,680) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $368 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.2% 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 21d 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 $519 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 + 0.0% rent growth), your $21k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 454 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 12y ago; this cycle's ask has dropped $88k (54%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $26k; list at $75k implies a 194% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — 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 $66,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 454 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 1947 — 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: 1.58% ✓
• Cap rate: 12.18%
• Cash-on-cash: 21.02%
• DSCR: 1.94
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $108,680
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
50 W 58th St	0.24mi	2/1.0	1,004 (+2%)	1mo	$71,000	$71	85
8024 Hawthorne St	0.39mi	2/1.0	1,042 (+6%)	2mo	$115,000	$110	71
81 E 61st St	0.01mi	2/1.0	848 (-14%)	6mo	$40,000	$47	71
7503 Wilder Ave	0.22mi	2/1.0	840 (-15%)	3mo	$50,300	$60	62
231 E 48th St	0.55mi	3/1.0 (+1)	950 (-4%)	1mo	$143,900	$151	62
250 E 48th St	0.58mi	3/1.0 (+1)	1,027 (+4%)	3mo	$110,000	$107	59
110 Tallulah Ave	0.34mi	3/1.0 (+1)	1,102 (+12%)	2mo	$181,000	$164	58
6711 Drayton St	0.38mi	3/1.0 (+1)	1,088 (+10%)	3mo	$138,000	$127	58
732 57th Street Ct	0.49mi	3/1.0 (+1)	1,089 (+10%)	3mo	$153,900	$141	52
7115 Nelms St	0.45mi	3/1.0 (+1)	1,130 (+14%)	4mo	$95,000	$84	47
6835 Vermillion St	0.66mi	3/1.0 (+1)	891 (-10%)	2mo	$65,000	$73	46
118 E 45th St	0.73mi	3/1.0 (+1)	1,132 (+15%)	3mo	$161,000	$142	34

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: 9.8%
• Equity multiple: 1.37×
• Total profit: $7,846
• Equity at exit: $11,183

10-year hold

• IRR: 16.2%
• Equity multiple: 2.13×
• Total profit: $23,773
• Equity at exit: $6,485

Cash invested: $21,000 (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: 5.3×

Monthly cashflow live

• Estimated rent: $1,185 high
• Mortgage (P&I): −$393
• Tax from tax record: −$144 /mo · $1,724/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $368

Break-even live

Break-even rent $719

Max offer price $75,000

Occupancy floor 64%

Sensitivity live

Price	-10% $410	-5% $389	+0% $368	+5% $347	+10% $325
Rent	-10% $274	-5% $321	+0% $368	+5% $415	+10% $461
Rate	-1.0pp $406	-0.5pp $387	base $368	+0.5pp $348	+1.0pp $329

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7345 Penrose St Jacksonville, FL	1.0	1.0	1006	$685	$0.68	17d	1	0.13mi
7525 Oakwood St Jacksonville, FL	3.0	1.0	945	$1,375	$1.46	15d	1	0.22mi
525 E 60th St Jacksonville, FL	3.0	2.0	1120	$1,471	$1.31	24d	1	0.23mi
6701 N Main St Jacksonville, FL	1.0	1.0	700	$950	$1.36	24d	1	0.23mi
41 Tallulah Ave Jacksonville, FL	3.0	1.0	1092	$1,390	$1.27	3d	1	0.25mi
7140 Buffalo Ave Jacksonville, FL	2.0	1.0	832	$1,321	$1.59	24d	1	0.41mi
8027 Floyd St Jacksonville, FL	2.0	1.5	935	$1,300	$1.39	3d	1	0.41mi
92 W 55th St Jacksonville, FL	2.0	1.0	624	$845	$1.35	22d	1	0.46mi
814 E 60th St Jacksonville, FL	2.0	1.0	981	$1,199	$1.22	2d	1	0.52mi
841 E 60th St Jacksonville, FL	3.0	1.0	954	$1,225	$1.28	24d	1	0.56mi
217 E 48th St Jacksonville, FL	3.0	1.0	979	$1,096	$1.12	11d	1	0.57mi
346 W 68th St Jacksonville, FL	3.0	1.0	1114	$1,385	$1.24	5d	1	0.68mi
356 Duray Ct Jacksonville, FL	3.0	2.0	1070	$1,425	$1.33	14d	1	0.69mi
385 Duray Ct Jacksonville, FL	3.0	1.0	932	$1,250	$1.34	20d	1	0.73mi
349 E 45th St Jacksonville, FL	2.0	1.0	954	$1,175	$1.23	8d	1	0.74mi
319 W 49th St Jacksonville, FL	2.0	1.0	977	$1,200	$1.23	24d	1	0.76mi
205 E 44th St Jacksonville, FL	3.0	1.0	955	$1,075	$1.13	22d	1	0.77mi
7124 Lorain St Jacksonville, FL	3.0	1.0	864	$1,043	$1.21	3d	1	0.79mi
535 W 59th St Jacksonville, FL	3.0	2.0	816	$1,395	$1.71	8d	1	0.83mi
425 W 47th St Jacksonville, FL	3.0	1.5	1083	$1,193	$1.10	8d	1	0.84mi
6460 Lanark Ave Jacksonville, FL	2.0	1.0	708	$1,095	$1.55	24d	1	0.85mi
222 E 43rd St Jacksonville, FL	2.0	1.0	840	$946	$1.13	24d	1	0.85mi
481 E 44th St Jacksonville, FL	2.0	1.0	668	$899	$1.35	24d	1	0.85mi
7511 N Shore Dr Jacksonville, FL	2.0	1.0	1014	$1,350	$1.33	5d	1	0.86mi
18 W 43rd St Jacksonville, FL	2.0	1.0	750	$795	$1.06	5d	1	0.89mi
141 W 43rd St Jacksonville, FL	3.0	2.0	1022	$1,231	$1.20	3d	1	0.91mi
562 W 49th St Jacksonville, FL	3.0	1.0	1091	$1,195	$1.10	24d	1	0.94mi
7210 Elwood Ave Jacksonville, FL	2.0	1.0	831	$995	$1.20	22d	1	0.94mi
5035 N Main St Jacksonville, FL	3.0	1.0–2.0	816	$1,181	$1.45	24d	69	0.99mi
5616 Calvin Ave Jacksonville, FL	3.0	1.0	1008	$1,195	$1.19	8d	1	1.06mi
5514 Long St Jacksonville, FL	2.0	1.0	941	$1,250	$1.33	2d	1	1.13mi
4918 N Pearl St Jacksonville, FL	2.0	1.0	850	$895	$1.05	24d	1	1.15mi
22 W 38th St Jacksonville, FL	2.0	1.0	800	$1,100	$1.38	24d	1	1.18mi
511 Ivy St Jacksonville, FL	2.0	1.0	900	$995	$1.11	24d	1	1.24mi
851 Broxton St Unit 851 Jacksonville, FL	1.0	1.0	700	$875	$1.25	18d	1	1.25mi
451 Long Branch Blvd Unit 451 Jacksonville, FL	2.0	1.0	1000	$1,350	$1.35	24d	1	1.36mi
4721 E Castlewood Dr Jacksonville, FL	3.0	1.0	1008	$1,250	$1.24	24d	1	1.41mi
961 Dorchester St Jacksonville, FL	2.0	1.0	884	$1,025	$1.16	3d	1	1.43mi
609 E 30th St Jacksonville, FL	2.0	2.0	818	$1,138	$1.39	24d	1	1.49mi
1059 Glencarin St Jacksonville, FL	2.0	1.0	645	$897	$1.39	5d	1	1.50mi

Listing history 34 events

1. 2026-06-15
   days on market $75,000 Active 454 DOM
2. 2026-06-10
   days on market $75,000 Active 448 DOM
3. 2026-06-08
   days on market $75,000 Active 447 DOM
4. 2026-06-08
   days on market $75,000 Active 446 DOM
5. 2026-06-03
   days on market $75,000 Active 442 DOM
6. 2026-06-02
   days on market $75,000 Active 441 DOM
7. 2026-06-01
   days on market $75,000 Active 440 DOM
8. 2026-05-31
   days on market $75,000 Active 439 DOM
9. 2026-02-18
   status Active
10. 2026-02-18
    price $75,000
11. 2025-11-30
    historical
12. 2025-08-08
    status Active
13. 2025-07-31
    historical
14. 2025-05-27
    listed $162,900 Active
15. 2025-02-03
    status Active
16. 2025-02-03
    status Active
17. 2025-01-31
    historical
18. 2024-11-07
    status Active
19. 2024-08-02
    status Active
20. 2024-07-15
    status Pending
21. 2024-06-20
    status Active
22. 2024-03-28
    listed $162,900 Active
23. 2024-03-28
    listed $162,900 Active
24. 2015-07-28
    soldstatus $25,500 Sold
25. 2015-07-24
    status Pending
26. 2015-06-24
    historical
27. 2015-06-09
    status Active
28. 2015-06-08
    historical
29. 2014-08-01
    price $33,000
30. 2014-08-01
    price $32,000
31. 2014-03-05
    listed $34,000 Active
32. 2014-03-05
    listed $45
33. 2005-03-08
    soldstatus $65,000
34. 1998-11-04
    soldstatus $25,800

ⓘ 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: $1,724 · $144/mo
• Projected year-2 tax: $1,724 · $144/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) · 65% chance over 30 yrs
• 🔥 Wildfire 1/10 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: $14,217
• − Mortgage interest: −$4,201
• − Property taxes: −$1,724
• − Insurance: −$375
• − Repairs & maintenance: −$1,137
• − Management: −$1,137
• − Depreciation: −$2,182
• Taxable income: $3,461
• Est. tax owed @ 24.0%: −$831
• After-tax cash flow: $3,583/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

+190.7% since first listed

26 events — show timeline

• 2026-02-18 Relisted — realMLS
• 2026-02-18 Price Changed $75,000 realMLS
• 2025-11-30 Listing Removed — realMLS
• 2025-08-08 Relisted — realMLS
• 2025-07-31 Listing Removed — realMLS
• 2025-05-27 Listed $162,900 AINCAR
• 2025-02-03 Relisted — realMLS
• 2025-02-03 Relisted — AINCAR
• 2025-01-31 Listing Removed — realMLS
• 2024-11-07 Relisted — AINCAR
• 2024-08-02 Relisted — AINCAR
• 2024-07-15 Pending — AINCAR
• 2024-06-20 Relisted — AINCAR
• 2024-03-28 Listed $162,900 AINCAR
• 2024-03-28 Listed $162,900 realMLS
• 2015-07-28 Sold (MLS) $25,500 realMLS
• 2015-07-24 Pending — realMLS
• 2015-06-24 Listing Removed — realMLS
• 2015-06-09 Relisted — realMLS
• 2015-06-08 Listing Removed — realMLS
• 2014-08-01 Price Changed $32,000 realMLS
• 2014-08-01 Price Changed $33,000 realMLS
• 2014-03-05 Listed $45 realMLS
• 2014-03-05 Listed $34,000 realMLS
• 2005-03-08 Sold (Public Records) $65,000 Public Records
• 1998-11-04 Sold (Public Records) $25,800 Public Records

Property tax history

+6.8%/yr

Latest (2025): $1,724 · +13.5% YoY. Source: county tax records.