3024 W 1st St W · Jacksonville, FL 32254

$135,000

3 bd · 1.0 ba · 962 sqft · SingleFamily public records · 16 Days on market

Built 1951 7,405 sqft lot Est $120k · 12% over

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Why this score? — see what drove the D+ 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 +16.4/30.0
• Appreciation +6.7/10.0
• DSCR +5.1/10.0
• 1% rule +4.6/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• ARV discount +2.0/15.0

Listing remarks MLS

Attention investors and homebuyers: Look no further than this tastefully renovated, 3 bedroom, 1 bath, single family home. New paint inside and out, new flooring, new cabinets, and appliances. Roof was completely replaced in 2016. HVAC unit is approximately 3-4 years old. Plumbing and electrical updated in 2019. This home also features a large fenced backyard. Situated in a prime location that offers easy access to all the amenities and attractions that Jacksonville has to offer. Just a short distance away to downtown! Perfect turn-key long term rental or starter home!

Key facts

• Renovated
• New flooring
• New appliances

Tags

• RENOVATED
• FRESH INTERIOR PAINT
• NEW FLOORING
• UPDATED CABINETRY
• NEW APPLIANCES
• ROOF REPLACEMENT

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Additional off-street parking
• Security: Owned security system
• Utilities: Public sewer; Water connected; Electricity connected; Cable available
• Home design: Single-family residence; One story; Entry at level 1
• Construction: Concrete and stucco construction; Shingle roof
• Exterior features: Chain-link full fence; Few trees on the lot; Paved road access; No private pool

Interior

• Kitchen: Electric cooktop; Electric range; Microwave; Electric water heater
• Bedrooms: 3 bedrooms (all on the main level)
• Flooring: Tile; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning; HVAC with thermostat (energy-efficient features)
• Interior features: Ceiling fans; Entrance foyer; 4 total rooms
• Laundry & utility: In-unit laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $77 ($925/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $129k (4.4% below list).
• Recommended offer: $129k (4.4% below list) — sets the bar for 1% rule.

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.
• Zoned schools: Annie R. Morgan Elementary School (math 22% / reading 17%, grade F, #2,105 of 2,144 statewide, top 98%, 212 students, 82% FRL); Lake Shore Middle School (math 25% / reading 22%, grade F, #536 of 571 statewide, top 95%, 972 students, 75% FRL); William M. Raines High School (math 14% / reading 13%, grade F, #616 of 667 statewide, top 92%, 1,217 students, 78% FRL) — zoned schools average 79% FRL vs 49% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 19% at this address vs 46% district-wide (-27 pts) — the specific schools serving this property underperform the Duval average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.7%/yr); 172 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).

Forward outlook

• In year one you build about $6k of equity ($933 loan paydown + $5k appreciation (3.4% local appreciation)).
• Duval County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.4% appreciation + 1.7% rent growth), your $38k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($133k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 17y 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.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $129,101 (4.4% below list)

Questions for the listing agent

1. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.96% ✗
• Cap rate: 6.98%
• Cash-on-cash: 2.45%
• DSCR: 1.11
• GRM: 8.7

CMA / ARV

• ARV (on-the-fly): $120,250
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1060 Prospect St	0.14mi	3/1.0	924 (-4%)	2mo	$145,000	$157	85
2846 W 8th St	0.50mi	3/1.0	929 (-3%)	2mo	$133,500	$144	69
1056 Hood Ave	0.41mi	3/1.0	1,024 (+6%)	2mo	$154,500	$151	68
1066 Detroit Cir W	0.10mi	2/1.0 (-1)	828 (-14%)	3mo	$72,000	$87	65
954 Allison St	0.34mi	3/1.5	1,084 (+13%)	1mo	$130,000	$120	60
751 Dixon St	0.57mi	2/1.0 (-1)	923 (-4%)	2mo	$114,000	$124	60
2916 W 11th St	0.64mi	2/1.0 (-1)	894 (-7%)	1mo	$111,500	$125	52
2667 Amy St	0.73mi	3/1.0	1,038 (+8%)	0mo	$117,000	$113	52
2118 Detroit St	0.68mi	3/2.0	1,029 (+7%)	1mo	$170,000	$165	52
3044 W 9th St W	0.50mi	2/1.0 (-1)	852 (-11%)	2mo	$55,000	$65	50
1023 Ontario St	0.48mi	2/1.0 (-1)	840 (-13%)	2mo	$33,000	$39	50
3130 Mell Ct	0.64mi	3/2.0	1,056 (+10%)	1mo	$180,000	$170	49

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.41% appreciation · 1.7% rent growth · sell at horizon

5-year hold

• IRR: 10.2%
• Equity multiple: 1.60×
• Total profit: $22,503
• Equity at exit: $63,864

10-year hold

• IRR: 11.7%
• Equity multiple: 2.79×
• Total profit: $67,483
• Equity at exit: $100,954

Cash invested: $37,800 (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 32254

• Home prices YoY: 1.2%
• Rents YoY: 1.7%
• Active inventory: 172
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,291 high
• Mortgage (P&I): −$708
• Tax from tax record: −$179 /mo · $2,143/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $77

Break-even live

Break-even rent $1,193

Max offer price $135,000

Occupancy floor 89%

Sensitivity live

Price	-10% $154	-5% $115	+0% $77	+5% $39	+10% $1
Rent	-10% $-25	-5% $26	+0% $77	+5% $128	+10% $179
Rate	-1.0pp $145	-0.5pp $111	base $77	+0.5pp $42	+1.0pp $7

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3055 2nd Street Cir Jacksonville, FL	3.0	1.5	1050	$1,340	$1.28	17d	1	0.11mi
1227 Dena St Jacksonville, FL	3.0	1.0	1033	$1,325	$1.28	24d	1	0.12mi
3101 3rd Street Cir N Jacksonville, FL	2.0	1.0	870	$1,150	$1.32	8d	1	0.16mi
1037 Detroit St Jacksonville, FL	3.0	2.0	912	$1,250	$1.37	2d	1	0.17mi
2913 W 2nd St Jacksonville, FL	2.0	1.0	720	$1,000	$1.39	2d	1	0.17mi
2862 W 1st St Unit 1 Jacksonville, FL	2.0	1.0	800	$895	$1.12	15d	1	0.17mi
2862 W 1st St Jacksonville, FL	2.0	1.0	800	$895	$1.12	4d	1	0.17mi
2852 W 1st St Jacksonville, FL	2.0	1.0	800	$895	$1.12	8d	1	0.20mi
2851 Sophia St Jacksonville, FL	2.0	1.0	846	$1,000	$1.18	24d	3	0.21mi
2965 Sunset St Jacksonville, FL	3.0	2.0	1056	$1,375	$1.30	4d	1	0.24mi
2965 Sunset St Jacksonville, FL	3.0	1.5	1056	$1,375	$1.30	8d	1	0.24mi
1021 Woodstock Ave Jacksonville, FL	3.0	2.0	1012	$1,495	$1.48	8d	1	0.34mi
1021 Woodstock Ave Jacksonville, FL	3.0	2.0	1012	$1,495	$1.48	24d	1	0.34mi
1612 Alfen St Jacksonville, FL	3.0	1.5	945	$1,113	$1.18	8d	1	0.35mi
3326 W 1st St Jacksonville, FL	2.0	1.0	791	$995	$1.26	24d	1	0.43mi
912 Huron St Jacksonville, FL	2.0	1.0	900	$1,100	$1.22	15d	1	0.44mi
3012 Imperial St Jacksonville, FL	3.0	1.0	1089	$1,395	$1.28	24d	1	0.46mi
3368 Columbus Ave Jacksonville, FL	2.0	1.0	955	$1,300	$1.36	5d	1	0.54mi
3303 Broadway Ave Jacksonville, FL	3.0	2.0	1072	$1,550	$1.45	4d	1	0.59mi
841 Ontario St Jacksonville, FL	2.0	1.0	1000	$1,285	$1.28	24d	1	0.60mi
2939 W 11th St Jacksonville, FL	3.0	1.0	1086	$1,295	$1.19	24d	1	0.67mi
3305 Sunnybrook Ave N Jacksonville, FL	2.0	1.0	1012	$1,021	$1.01	24d	1	0.70mi
2854 Wickwire St Jacksonville, FL	2.0	1.0	948	$1,300	$1.37	4d	1	0.72mi
3350 Sunnybrook Ave N Jacksonville, FL	2.0	1.0	900	$1,095	$1.22	24d	1	0.75mi
2587 Orchard St Jacksonville, FL	2.0	2.0	992	$1,295	$1.31	8d	1	0.76mi
3433 Brookhaven Dr Jacksonville, FL	2.0	1.0	754	$1,295	$1.72	8d	1	0.81mi
3138 W 15th St Jacksonville, FL	2.0	1.0	734	$1,150	$1.57	24d	1	0.85mi
3138 W 15th St Jacksonville, FL	2.0	1.0	734	$1,150	$1.57	8d	1	0.85mi
2325 Westbrook Cir N Jacksonville, FL	3.0	2.0	812	$1,200	$1.48	24d	1	1.01mi
1213 Moat St Jacksonville, FL	2.0	2.5	1022	$1,283	$1.26	17d	1	1.01mi
5148 Cain Ln Jacksonville, FL	3.0	1.0	1104	$1,306	$1.18	21d	1	1.07mi
3515 Dignan St Jacksonville, FL	3.0	1.0	915	$1,036	$1.13	3d	1	1.08mi
3318 Dignan St Jacksonville, FL	3.0	2.0	960	$1,200	$1.25	24d	1	1.13mi
3323 Nolan St Jacksonville, FL	3.0	1.0	927	$1,050	$1.13	2d	1	1.15mi
3319 Hunt St Jacksonville, FL	3.0	1.0	924	$1,295	$1.40	24d	1	1.19mi
3035 Fitzgerald St Jacksonville, FL	2.0	1.0	900	$1,021	$1.13	3d	1	1.20mi
3118 Dignan St Jacksonville, FL	4.0	2.0	1103	$1,148	$1.04	2d	1	1.21mi
2154 Placeda St Jacksonville, FL	4.0	1.5	1124	$1,500	$1.33	21d	1	1.22mi
2627 Wylene St Jacksonville, FL	2.0	2.0	594	$1,400	$2.36	24d	1	1.24mi
5364 Mary Budd Ave Jacksonville, FL	3.0	2.0	836	$1,225	$1.47	3d	1	1.26mi

Listing history 12 events

1. 2026-06-18
   days on market $135,000 Active 16 DOM
2. 2026-06-17
   days on market $135,000 Active 15 DOM
3. 2026-06-16
   days on market $135,000 Active 14 DOM
4. 2026-06-15
   days on market $135,000 Active 13 DOM
5. 2026-06-13
   days on market $135,000 Active 11 DOM
6. 2026-06-13
   days on market $135,000 Active 10 DOM
7. 2026-06-10
   days on market $135,000 Active 7 DOM
8. 2026-06-08
   days on market $135,000 Active 6 DOM
9. 2026-06-07
   days on market $135,000 Active 5 DOM
10. 2026-06-05
    days on market $135,000 Active 2 DOM
11. 2026-06-02
    remarks 699-char remark
12. 2026-06-02
    listed $135,000 Active 1 DOM

ⓘ 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: $2,143 · $179/mo
• Projected year-2 tax: $2,143 · $179/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 6 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 5/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,492
• − Mortgage interest: −$7,562
• − Property taxes: −$2,143
• − Insurance: −$675
• − Repairs & maintenance: −$1,239
• − Management: −$1,239
• − Depreciation: −$3,927
• Taxable loss: −$1,294
• Est. tax savings @ 24.0%: +$311
• After-tax cash flow: $1,236/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): 13,927
• Household income: $34,953
• Rent vs Own: 50.2% rent · 49.8% own
• Severe rent burden: 882.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 60% White 28% Two or more races 7% Hispanic / Latino 5%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Slovak 1% Hispanic 1% Lithuanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 4% French/Haitian/Cajun 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: ▲ 3.41%
• Current HPI: 282.2981
• Rent YoY: ▲ 1.70%
• 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

+1321.1% since first listed

38 events — show timeline

• 2026-06-02 Listed $135,000 realMLS
• 2026-04-16 Rental Removed $1,050 TENANTTURNER2
• 2026-03-26 Price Changed $1,050 TENANTTURNER2
• 2026-02-22 Price Changed $1,100 TENANTTURNER2
• 2026-02-06 Listed for Rent $1,199 TENANTTURNER2
• 2026-02-01 Rental Removed $1,199 TENANTTURNER2
• 2025-12-20 Listed for Rent $1,199 TENANTTURNER2
• 2024-12-17 Rental Removed $1,299 RENTALBEAST
• 2024-12-11 Price Changed $1,299 RENTALBEAST
• 2024-11-27 Listed for Rent $1,350 RENTALBEAST
• 2024-11-17 Rental Removed $1,399 RENTALBEAST
• 2024-11-08 Listed for Rent $1,399 RENTALBEAST
• 2024-10-22 Rental Removed $1,700 TURBOTENANT
• 2024-09-21 Listed for Rent $1,700 TURBOTENANT
• 2024-09-10 Sold (Public Records) $117,500 Public Records
• 2024-08-30 Sold (MLS) $117,500 realMLS
• 2024-07-06 Pending — realMLS
• 2024-06-21 Price Changed $125,995 realMLS
• 2024-06-07 Price Changed $145,995 realMLS
• 2024-06-04 Price Changed $164,995 realMLS
• 2024-05-28 Price Changed $169,995 realMLS
• 2024-05-20 Listed $174,995 realMLS
• 2023-11-24 Rental Removed $1,250 NEFLMLS
• 2023-11-07 Listed for Rent $1,250 NEFLMLS
• 2023-02-16 Sold (Public Records) $97,000 Public Records
• 2023-02-03 Sold (Public Records) $85,000 Public Records
• 2023-01-27 Sold (MLS) $85,000 realMLS
• 2023-01-03 Pending — realMLS
• 2022-12-08 Relisted — realMLS
• 2022-12-01 Pending — realMLS
• 2022-11-18 Listed $117,500 realMLS
• 2010-01-05 Listing Removed — realMLS
• 2009-10-21 Sold (MLS) $7,501 realMLS
• 2009-07-10 Listed $6,000 realMLS
• 2006-05-22 Sold (Public Records) $78,000 Public Records
• 2004-09-01 Sold (Public Records) $77,000 Public Records
• 2003-03-12 Sold (Public Records) $20,500 Public Records
• 1971-03-26 Sold (Public Records) $9,500 Public Records

Property tax history

+7.6%/yr

Latest (2025): $2,143 · +32.2% YoY. Source: county tax records.