804 N Cypress Ave · Green Cove Springs, FL 32043

$194,000

3 bd · 1.0 ba · 1,299 sqft · SingleFamily public records · 77 Days on market

Built 1960 8,363 sqft lot Est $244k · 21% under ↓ 22% since listing

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Why this score? — see what drove the C 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 +16.9/30.0
• ARV discount +15.0/15.0
• DSCR +5.3/10.0
• Schools +5.1/10.0
• 1% rule +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This adorable 60's bungalow was lovingly restored by its current owner! Located in the heart of Green Cove Springs on an oversized and mature landscaped lot this home is a must see. Large living area brand new carpet and additional space for game room/office or additional family room. Kitchen is retro with amazing slide cabinets and some original features that are very well preserved. New Central AC installed! Don't miss this beauty! Refrigerator and Washer Dryer convey with home.

Key facts

• 4 person hot tub
• Multiple fruit trees
• 8,363 sq ft lot

Tags

• FULLY BEDDED HERB GARDEN
• MULTIPLE FRUIT TREES
• 4 PERSON HOT TUB

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Attached 1-car carport
• Utilities: Public sewer; Electricity connected; Water connected; Sewer connected; Cable available
• Home design: Single-family residence; One story
• Construction: Brick and wood siding construction; Shingle roof
• Exterior features: Front porch; Patio; Fenced backyard with chain link and wood sections; Many trees; City street frontage; Asphalt road surface

Interior

• Kitchen: Electric range; Refrigerator; Dishwasher not listed
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Concrete; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air; Wall/window air conditioning units
• Interior features: Ceiling fans; Primary bathroom with tub and shower
• Laundry & utility: Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $194k.

Deal economics

• At list price, monthly cash flow is $127 ($2k/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 $193k (0.4% below list).
• Recommended offer: $182k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.1% vs local median 4.2% in Green Cove Springs — 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 75/100 on livability (#245 in FL, #3,868 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, amenities F, commute F.
• Clay (suburban): math 58% / reading 59% proficiency, ranked #14 of 73 in FL (top 19%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents flat; 885 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,876 units permitted in Clay County in 2024 (14 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Clay County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 77 days — a 6% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 3y 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

• 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 $182,360 (6.0% below list)

Questions for the listing agent

1. It's been on market 77 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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. 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: 1.00% ✗
• Cap rate: 7.08%
• Cash-on-cash: 2.81%
• DSCR: 1.13
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $244,212
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
804 N Cypress Ave	0.00mi	3/1.0	1,299 (0%)	0mo	$170,000	$131	100
1105 Buccaneer Blvd	0.17mi	3/2.0	1,386 (+7%)	6mo	$255,000	$184	72
1162 Buccaneer Blvd	0.34mi	3/2.0	1,248 (-4%)	6mo	$265,000	$212	68
800 Cypress Ave	0.03mi	4/2.0 (+1)	1,200 (-8%)	11mo	$190,000	$158	68
203 Walburg St	0.42mi	3/2.0	1,396 (+8%)	2mo	$350,000	$251	63
524 N Cypress Ave	0.36mi	3/2.0	1,438 (+11%)	0mo	$318,999	$222	61
1178 Buccaneer Blvd	0.37mi	3/2.0	1,408 (+8%)	5mo	$285,000	$202	61
1290 Spruce St	0.67mi	3/2.0	1,258 (-3%)	2mo	$275,000	$219	58
710 Anne Bonney Dr	0.30mi	3/2.0	1,448 (+12%)	9mo	$250,000	$173	56
1005 Palmer St	0.75mi	3/1.0	1,238 (-5%)	7mo	$219,000	$177	52
1111 Center St	0.73mi	4/1.5 (+1)	1,305 (+0%)	10mo	$228,000	$175	50
1217 Spruce St	0.65mi	4/2.0 (+1)	1,380 (+6%)	3mo	$259,000	$188	48

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 · 0.46% rent growth · sell at horizon

5-year hold

• IRR: -14.8%
• Equity multiple: 0.48×
• Total profit: $-28,083
• Equity at exit: $28,926

10-year hold

• IRR: -11.3%
• Equity multiple: 0.40×
• Total profit: $-32,542
• Equity at exit: $16,774

Cash invested: $54,320 (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 32043

• Home prices YoY: -26.3%
• Rents YoY: 0.5%
• Active inventory: 885
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,933 high
• Mortgage (P&I): −$1,017
• Tax from tax record: −$302 /mo · $3,621/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$406
• Net cashflow: $127

Break-even live

Break-even rent $1,772

Max offer price $194,000

Occupancy floor 88%

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: $48,500
• Closing costs: $5,820
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4019 Pine Ave Unit 1 Green Cove Springs, FL	3.0	2.5	1304	$1,850	$1.42	2d	1	0.49mi
4028 Pine Ave Unit 1 Green Cove Springs, FL	3.0	2.5	1304	$1,850	$1.42	2d	1	0.49mi
1408 N Orange Ave Green Cove Springs, FL	1.0–3.0	1.0	840	$1,375	$1.64	3d	36	0.60mi
104 Saint Elmo Rd Green Cove Springs, FL	2.0	1.0	1120	$1,850	$1.65	23d	1	0.67mi
410 Center St Green Cove Springs, FL	3.0	1.0	1100	$1,600	$1.45	23d	1	0.76mi
212 Saint Johns Ave Unit 212 Green Cove Springs, FL	3.0	2.0	1560	$2,300	$1.47	23d	1	0.85mi
806 Oak St Unit 14 Green Cove Springs, FL	2.0	2.0	1200	$1,600	$1.33	3d	1	1.05mi
806 Oak St Unit 10 Green Cove Springs, FL	2.0	1.0	1000	$1,400	$1.40	2d	1	1.05mi
806 Oak St Unit 10 Green Cove Springs, FL	2.0	1.0	1000	$1,400	$1.40	3d	1	1.05mi
806 Oak St Unit 14 Green Cove Springs, FL	2.0	2.0	1200	$1,600	$1.33	2d	1	1.05mi
2996 Majestic Oaks Ln Green Cove Springs, FL	4.0	2.0	1684	$1,951	$1.16	23d	1	1.15mi
1507 Julia St Green Cove Springs, FL	3.0	2.0	1621	$2,020	$1.25	1d	1	1.44mi

Listing history 26 events

1. 2026-06-07
   status $194,000 Pending 77 DOM
2. 2026-06-03
   days on market $194,000 Active 77 DOM
3. 2026-06-02
   days on market $194,000 Active 76 DOM
4. 2026-06-01
   days on market $194,000 Active 75 DOM
5. 2026-05-31
   days on market $194,000 Active 74 DOM
6. 2026-05-11
   status Active
7. 2026-05-04
   historical Active Under Contract
8. 2026-05-04
   status Active
9. 2026-04-20
   status Pending
10. 2026-04-07
    historical Active Under Contract
11. 2026-04-06
    status Active
12. 2026-04-04
    historical Active Under Contract
13. 2026-03-27
    price $194,000
14. 2026-03-04
    listed $199,000 Active
15. 2023-07-20
    soldstatus $225,000
16. 2023-07-14
    soldstatus $225,000 Sold 488-char remark

    Show marketing remark (28 chars)

    Sold Comp Stat Purposes Only

17. 2023-07-14
    soldstatus $225,000 28-char remark

    Show marketing remark (28 chars)

    Sold Comp Stat Purposes Only

18. 2023-07-10
    status Pending 488-char remark

    Show marketing remark (488 chars)

    This adorable 60's bungalow was lovingly restored by its current owner! Located in the heart of Green Cove Springs on an oversized and mature landscaped lot this home is a must see. Large living area brand new carpet and additional space for game room/office or additional family room. Kitchen is retro with amazing slide cabinets and some original features that are very well preserved. New Central AC installed! Don't miss this beauty! Refrigerator and Washer Dryer convey with home.

19. 2023-07-05
    historical Active - Contingent 488-char remark

    Show marketing remark (488 chars)

    This adorable 60's bungalow was lovingly restored by its current owner! Located in the heart of Green Cove Springs on an oversized and mature landscaped lot this home is a must see. Large living area brand new carpet and additional space for game room/office or additional family room. Kitchen is retro with amazing slide cabinets and some original features that are very well preserved. New Central AC installed! Don't miss this beauty! Refrigerator and Washer Dryer convey with home.

20. 2023-06-11
    status Active 488-char remark

    Show marketing remark (488 chars)

    This adorable 60's bungalow was lovingly restored by its current owner! Located in the heart of Green Cove Springs on an oversized and mature landscaped lot this home is a must see. Large living area brand new carpet and additional space for game room/office or additional family room. Kitchen is retro with amazing slide cabinets and some original features that are very well preserved. New Central AC installed! Don't miss this beauty! Refrigerator and Washer Dryer convey with home.

21. 2023-05-30
    status Pending 488-char remark

    Show marketing remark (488 chars)

    This adorable 60's bungalow was lovingly restored by its current owner! Located in the heart of Green Cove Springs on an oversized and mature landscaped lot this home is a must see. Large living area brand new carpet and additional space for game room/office or additional family room. Kitchen is retro with amazing slide cabinets and some original features that are very well preserved. New Central AC installed! Don't miss this beauty! Refrigerator and Washer Dryer convey with home.

22. 2023-05-25
    historical Active - Contingent 488-char remark

    Show marketing remark (488 chars)

    This adorable 60's bungalow was lovingly restored by its current owner! Located in the heart of Green Cove Springs on an oversized and mature landscaped lot this home is a must see. Large living area brand new carpet and additional space for game room/office or additional family room. Kitchen is retro with amazing slide cabinets and some original features that are very well preserved. New Central AC installed! Don't miss this beauty! Refrigerator and Washer Dryer convey with home.

23. 2023-05-19
    price $225,000 488-char remark

    Show marketing remark (488 chars)

    This adorable 60's bungalow was lovingly restored by its current owner! Located in the heart of Green Cove Springs on an oversized and mature landscaped lot this home is a must see. Large living area brand new carpet and additional space for game room/office or additional family room. Kitchen is retro with amazing slide cabinets and some original features that are very well preserved. New Central AC installed! Don't miss this beauty! Refrigerator and Washer Dryer convey with home.

24. 2023-05-15
    price $245,000 488-char remark

    Show marketing remark (488 chars)

    This adorable 60's bungalow was lovingly restored by its current owner! Located in the heart of Green Cove Springs on an oversized and mature landscaped lot this home is a must see. Large living area brand new carpet and additional space for game room/office or additional family room. Kitchen is retro with amazing slide cabinets and some original features that are very well preserved. New Central AC installed! Don't miss this beauty! Refrigerator and Washer Dryer convey with home.

25. 2023-04-28
    listed $250,000 Active 488-char remark

    Show marketing remark (28 chars)

    Sold Comp Stat Purposes Only

26. 2023-04-28
    listed $225,000 28-char remark

    Show marketing remark (28 chars)

    Sold Comp Stat Purposes Only

ⓘ 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: $3,621 · $302/mo
• Projected year-2 tax: $3,621 · $302/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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,199
• − Mortgage interest: −$10,867
• − Property taxes: −$3,621
• − Insurance: −$970
• − Repairs & maintenance: −$1,856
• − Management: −$1,856
• − Depreciation: −$5,644
• Taxable loss: −$1,615
• Est. tax savings @ 24.0%: +$388
• After-tax cash flow: $1,915/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: Clay
• NCES district ID: 1200300
• Math proficiency: 58% ▼ -8.00%
• Reading proficiency: 59% ▼ -3.00%
• Median HH income: $59,379
• Composite: 50.73/100
• National rank: #1815
• State rank: #14 of 73 in FL

Livability — Green Cove Springs

• Score: 75/100
• State rank: #245
• US rank: #3868

Category grades

Amenities F Commute F Cost of living A+ Crime B Employment C Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Green Cove Springs, FL
• County: Clay County · 208,450 people
• City population: 34,562
• Metro: Jacksonville, FL
• Population (ZIP): 34,562
• Household income: $84,145
• Rent vs Own: 21.3% rent · 78.7% own
• Severe rent burden: 449.0

Population outlook (Clay County) Hauer SSP2

• Today (2025): 230,495 people
• By 2030: 242,427 · +5.2%
• By 2040: 262,244 · +13.8%
• By 2050: 275,148 · +19.4%
• By 2075: 295,397 · +28.2%
• By 2100: 287,592 · +24.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Black 10% Two or more races 7% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Slovak 3% Romanian 2% Lithuanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 5% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Clay

• 2024 margin: Solid R (+39.3) · D 29.9% · R 69.2%
• 2008→2024 swing: +3.6pp toward D · 2008: -42.8pp · 2024: -39.3pp
• All cycles: 2024: R+39.3 2020: R+37.1 2016: R+44.3 2012: R+45.8 2008: R+42.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -107.34%
• Current HPI: 301.3212
• Rent YoY: ▲ 0.46%
• 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

-22.4% since first listed

21 events — show timeline

• 2026-05-11 Relisted — realMLS
• 2026-05-04 Contingent — realMLS
• 2026-05-04 Relisted — realMLS
• 2026-04-20 Pending — realMLS
• 2026-04-07 Contingent — realMLS
• 2026-04-06 Relisted — realMLS
• 2026-04-04 Contingent — realMLS
• 2026-03-27 Price Changed $194,000 realMLS
• 2026-03-04 Listed $199,000 realMLS
• 2023-07-20 Sold (Public Records) $225,000 Public Records
• 2023-07-14 Sold (MLS) $225,000 St. Augustine and St. Johns County Board of REALTORS®
• 2023-07-14 Sold (MLS) $225,000 realMLS
• 2023-07-10 Pending — realMLS
• 2023-07-05 Contingent — realMLS
• 2023-06-11 Relisted — realMLS
• 2023-05-30 Pending — realMLS
• 2023-05-25 Contingent — realMLS
• 2023-05-19 Price Changed $225,000 realMLS
• 2023-05-15 Price Changed $245,000 realMLS
• 2023-04-28 Listed $225,000 St. Augustine and St. Johns County Board of REALTORS®
• 2023-04-28 Listed $250,000 realMLS

Property tax history

+31.6%/yr

Latest (2025): $3,621 · +6.8% YoY. Source: county tax records.