237 Tallulah Ave · Jacksonville, FL 32208

$79,990

2 bd · 1.0 ba · 1,011 sqft · SingleFamily public records · 45 Days on market

Built 1932 6,534 sqft lot Est $111k · 28% 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 MLS

Unapproved short sale. Investment opportunity!! This house has lots of potential! Quaint 2/1 in Jacksonville in need of some serious TLC.

Key facts

• 6,534 sq ft lot
• Built 1932
• Listed 45 days

Property features AI

Finance

• Financial info: Property tax information available (taxes listed in source — financial details omitted per instructions)
• HOA & community: Not a senior community

Exterior

• Parking: Other parking
• Utilities: Electricity connected; Water connected
• Home design: Single Family Residence; Used as a single-family home
• Exterior features: 0.15-acre lot

Interior

• Kitchen: No kitchen appliances specified
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: No built-in appliances listed
• Laundry & utility: No laundry appliances specified

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $417 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $78k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.5% 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 37% 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 $554 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 $22k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $39k; list at $80k implies a 105% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1932 — expect roof / HVAC / electrical / plumbing capex.
• 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 $77,590 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1932 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.61% ✓
• Cap rate: 12.55%
• Cash-on-cash: 22.34%
• DSCR: 1.99
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $111,210
• 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	0.32mi	2/1.0	1,004 (-1%)	1mo	$71,000	$71	83
110 Tallulah Ave	0.20mi	3/1.0 (+1)	1,102 (+9%)	2mo	$181,000	$164	69
448 W 68th St	0.38mi	2/1.0	1,074 (+6%)	4mo	$141,000	$131	68
8024 Hawthorne St	0.57mi	2/1.0	1,042 (+3%)	2mo	$115,000	$110	66
6711 Drayton St	0.31mi	3/1.0 (+1)	1,088 (+8%)	3mo	$138,000	$127	65
429 W 46th St	0.71mi	2/1.0	1,020 (+1%)	2mo	$167,000	$164	64
6835 Vermillion St	0.25mi	3/1.0 (+1)	891 (-12%)	2mo	$65,000	$73	62
182 W 61st St	0.12mi	2/3.0	1,161 (+15%)	3mo	$125,770	$108	59
473 W 65th St	0.34mi	3/1.0 (+1)	884 (-13%)	0mo	$95,000	$107	58
557 Chestnut Dr	0.66mi	2/1.0	943 (-7%)	4mo	$125,000	$133	55
569 W 49th St	0.71mi	2/1.0	924 (-9%)	2mo	$57,000	$62	51
465 W 60th St	0.35mi	2/3.5	1,157 (+14%)	3mo	$89,000	$77	47

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: 11.6%
• Equity multiple: 1.44×
• Total profit: $9,871
• Equity at exit: $11,927

10-year hold

• IRR: 17.9%
• Equity multiple: 2.27×
• Total profit: $28,424
• Equity at exit: $6,916

Cash invested: $22,397 (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: 5.2×

Monthly cashflow live

• Estimated rent: $1,285 high
• Mortgage (P&I): −$419
• Tax from tax record: −$146 /mo · $1,746/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $417

Break-even live

Break-even rent $757

Max offer price $79,990

Occupancy floor 63%

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: $19,998
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
209 Woodrow St Jacksonville, FL	3.0	1.0	1282	$1,325	$1.03	23d	1	0.14mi
7115 Lucky Dr W Jacksonville, FL	3.0	1.0	1158	$1,500	$1.30	23d	1	0.17mi
343 W 60th St Jacksonville, FL	3.0	1.0	1238	$1,299	$1.05	21d	1	0.21mi
346 W 68th St Jacksonville, FL	3.0	1.0	1114	$1,385	$1.24	4d	1	0.31mi
41 Tallulah Ave Jacksonville, FL	3.0	1.0	1092	$1,390	$1.27	3d	1	0.34mi
472 W 65th St Jacksonville, FL	3.0	1.0	1312	$1,295	$0.99	21d	1	0.34mi
7124 Lorain St Jacksonville, FL	3.0	1.0	864	$1,043	$1.21	3d	1	0.38mi
6418 Sapphire Dr Jacksonville, FL	3.0	1.5	1296	$1,350	$1.04	23d	1	0.39mi
356 Duray Ct Jacksonville, FL	3.0	2.0	1070	$1,425	$1.33	14d	1	0.40mi
6701 N Main St Jacksonville, FL	1.0	1.0	700	$950	$1.36	23d	1	0.42mi
385 Duray Ct Jacksonville, FL	3.0	1.0	932	$1,250	$1.34	19d	1	0.43mi
7511 N Shore Dr Jacksonville, FL	2.0	1.0	1014	$1,350	$1.33	4d	1	0.43mi
7345 Penrose St Jacksonville, FL	1.0	1.0	1006	$685	$0.68	16d	1	0.45mi
535 W 59th St Jacksonville, FL	3.0	2.0	816	$1,395	$1.71	7d	1	0.48mi
7525 Oakwood St Jacksonville, FL	3.0	1.0	945	$1,375	$1.46	14d	1	0.52mi
7210 Elwood Ave Jacksonville, FL	2.0	1.0	831	$995	$1.20	21d	1	0.52mi
6460 Lanark Ave Jacksonville, FL	2.0	1.0	708	$1,095	$1.55	23d	1	0.57mi
7545 Wilder Ave Jacksonville, FL	3.0	1.0	1300	$1,150	$0.88	3d	1	0.58mi
319 W 49th St Jacksonville, FL	2.0	1.0	977	$1,200	$1.23	23d	1	0.60mi
525 E 60th St Jacksonville, FL	3.0	2.0	1120	$1,471	$1.31	23d	1	0.65mi
524 E 60th St Jacksonville, FL	3.0	1.0	1212	$1,195	$0.99	7d	1	0.65mi
425 W 47th St Jacksonville, FL	3.0	1.5	1083	$1,193	$1.10	7d	1	0.68mi
562 W 49th St Jacksonville, FL	3.0	1.0	1091	$1,195	$1.10	23d	1	0.74mi
646 Escambia St Jacksonville, FL	3.0	2.0	1200	$1,395	$1.16	21d	1	0.75mi
549 E 55th St Jacksonville, FL	3.0	2.0	1230	$1,488	$1.21	10d	1	0.76mi
217 E 48th St Jacksonville, FL	3.0	1.0	979	$1,096	$1.12	10d	1	0.76mi
555 E 55th St Jacksonville, FL	3.0	2.0	1230	$1,488	$1.21	10d	1	0.77mi
664 Escambia St Jacksonville, FL	3.0	2.0	1352	$1,500	$1.11	17d	1	0.77mi
567 E 55th St Jacksonville, FL	3.0	2.0	1230	$1,488	$1.21	14d	1	0.78mi
8027 Floyd St Jacksonville, FL	2.0	1.5	935	$1,300	$1.39	2d	1	0.79mi
5616 Calvin Ave Jacksonville, FL	3.0	1.0	1008	$1,195	$1.19	7d	1	0.82mi
7140 Buffalo Ave Jacksonville, FL	2.0	1.0	832	$1,321	$1.59	23d	1	0.82mi
141 W 43rd St Jacksonville, FL	3.0	2.0	1022	$1,231	$1.20	3d	1	0.89mi
5514 Long St Jacksonville, FL	2.0	1.0	941	$1,250	$1.33	1d	1	0.90mi
851 Broxton St Unit 851 Jacksonville, FL	1.0	1.0	700	$875	$1.25	17d	1	0.93mi
205 E 44th St Jacksonville, FL	3.0	1.0	955	$1,075	$1.13	21d	1	0.93mi
18 W 43rd St Jacksonville, FL	2.0	1.0	750	$795	$1.06	4d	1	0.94mi
814 E 60th St Jacksonville, FL	2.0	1.0	981	$1,199	$1.22	1d	1	0.95mi
841 E 60th St Jacksonville, FL	3.0	1.0	954	$1,225	$1.28	23d	1	0.99mi
349 E 45th St Jacksonville, FL	2.0	1.0	954	$1,175	$1.23	7d	1	0.99mi

Listing history 19 events

1. 2026-06-07
   statusdays on market $79,990 Pending 45 DOM
2. 2026-06-05
   days on market $79,990 Active 44 DOM
3. 2026-06-03
   days on market $79,990 Active 43 DOM
4. 2026-06-02
   days on market $79,990 Active 42 DOM
5. 2026-06-01
   days on market $79,990 Active 41 DOM
6. 2026-05-31
   days on market $79,990 Active 40 DOM
7. 2026-04-21
   listed $79,990 Active
8. 2020-08-04
   soldstatus $39,030 Closed 137-char remark

   Show marketing remark (137 chars)

   Unapproved short sale. Investment opportunity!! This house has lots of potential! Quaint 2/1 in Jacksonville in need of some serious TLC.

9. 2020-07-30
   status Pending 137-char remark

   Show marketing remark (137 chars)

   Unapproved short sale. Investment opportunity!! This house has lots of potential! Quaint 2/1 in Jacksonville in need of some serious TLC.

10. 2020-02-14
    historical Active Under Contract 137-char remark

    Show marketing remark (137 chars)

    Unapproved short sale. Investment opportunity!! This house has lots of potential! Quaint 2/1 in Jacksonville in need of some serious TLC.

11. 2020-01-31
    listed $29,000 Active 137-char remark

    Show marketing remark (137 chars)

    Unapproved short sale. Investment opportunity!! This house has lots of potential! Quaint 2/1 in Jacksonville in need of some serious TLC.

12. 2007-06-13
    soldstatus $126,000
13. 2007-06-11
    historical 218-char remark

    Show marketing remark (218 chars)

    A must see to appreciate, a 2/1 remodeled home by home owner. New carpet, ceramic tile, beautiful bathroom, gorgeous kitchen, lots of cabinets, inside laundry, above ground pool, workshop with storage. Fenced backyard.

14. 2007-06-08
    soldstatus $126,000 218-char remark

    Show marketing remark (218 chars)

    A must see to appreciate, a 2/1 remodeled home by home owner. New carpet, ceramic tile, beautiful bathroom, gorgeous kitchen, lots of cabinets, inside laundry, above ground pool, workshop with storage. Fenced backyard.

15. 2006-11-29
    listed $125,000 218-char remark

    Show marketing remark (218 chars)

    A must see to appreciate, a 2/1 remodeled home by home owner. New carpet, ceramic tile, beautiful bathroom, gorgeous kitchen, lots of cabinets, inside laundry, above ground pool, workshop with storage. Fenced backyard.

16. 2006-11-20
    historical
17. 2006-09-25
    listed $137,500
18. 2000-01-12
    soldstatus $33,600
19. 1985-04-01
    soldstatus $35,500

ⓘ 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: $1,746 · $146/mo
• Projected year-2 tax: $1,746 · $146/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 · 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: $15,421
• − Mortgage interest: −$4,481
• − Property taxes: −$1,746
• − Insurance: −$400
• − Repairs & maintenance: −$1,234
• − Management: −$1,234
• − Depreciation: −$2,327
• Taxable income: $4,000
• Est. tax owed @ 24.0%: −$960
• After-tax cash flow: $4,043/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

+125.3% since first listed

13 events — show timeline

• 2026-04-21 Listed $79,990 realMLS
• 2020-08-04 Sold (MLS) $39,030 MARMLS
• 2020-07-30 Pending — MARMLS
• 2020-02-14 Contingent — MARMLS
• 2020-01-31 Listed $29,000 MARMLS
• 2007-06-13 Sold (Public Records) $126,000 Public Records
• 2007-06-11 Listing Removed — realMLS
• 2007-06-08 Sold (MLS) $126,000 realMLS
• 2006-11-29 Listed $125,000 realMLS
• 2006-11-20 Listing Removed — realMLS
• 2006-09-25 Listed $137,500 realMLS
• 2000-01-12 Sold (Public Records) $33,600 Public Records
• 1985-04-01 Sold (Public Records) $35,500 Public Records

Property tax history

+10.1%/yr

Latest (2025): $1,746 · +9.9% YoY. Source: county tax records.