3036 Commonwealth Ave · Jacksonville, FL 32254

$162,900

2 bd · 1.0 ba · 938 sqft · SingleFamily public records · 44 Days on market

Built 1948 6,534 sqft lot Est $112k · 46% 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 +10.2/30.0
• Appreciation +6.7/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• DSCR +2.9/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Great investment property! $1100/month rental close to downtown. Great Bones! close to 295 and I-4

Key facts

• 6,534 sq ft lot
• Parking
• Built 1948

Property features AI

Finance

• Other: Residential use
• HOA & community: Not a senior community

Exterior

• Parking: Attached carport (1 space)
• Utilities: Public sewer; Electricity connected; Sewer connected; Water connected
• Home design: Single family residence; One story
• Construction: Frame construction; Shingle roof
• Exterior features: Shingle roof; Frame construction; Lot about 0.15 acres; No private pool

Interior

• Kitchen: Dishwasher; Electric oven; Freezer; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Unfurnished; Tankless water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $163k.

Deal economics

• At list price, monthly cash flow is $-93 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $147k (10.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $121k (25.7% below list).
• Recommended offer: $121k (25.7% 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: Grasp Academy (math 18% / reading 14%, grade F, #2,130 of 2,144 statewide, top 99%, 271 students, 52% FRL); Joseph Stilwell Middle School (math 31% / reading 33%, grade F, #448 of 571 statewide, top 79%, 612 students, 68% 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 66% FRL vs 49% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 20% at this address vs 46% district-wide (-25 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); 173 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 $7k of equity ($1k loan paydown + $6k appreciation (3.4% local appreciation)).
• Duval County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 6, 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 44 days — a 3% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 16y 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 $77k; list at $163k implies a 112% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $120,990 (25.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
7. 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.
8. 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.
9. 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: 0.74% ✗
• Cap rate: 5.61%
• Cash-on-cash: -2.43%
• DSCR: 0.89
• GRM: 11.2

CMA / ARV

• ARV (on-the-fly): $111,622
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1060 Prospect St	0.20mi	3/1.0 (+1)	924 (-2%)	2mo	$145,000	$157	82
751 Dixon St	0.34mi	2/1.0	923 (-2%)	2mo	$114,000	$124	79
1073 Huron St	0.38mi	3/1.0 (+1)	916 (-2%)	3mo	$77,000	$84	70
1066 Detroit Cir W	0.20mi	2/1.0	828 (-12%)	3mo	$72,000	$87	69
1023 Ontario St	0.46mi	2/1.0	840 (-10%)	2mo	$33,000	$39	60
1056 Hood Ave	0.41mi	3/1.0 (+1)	1,024 (+9%)	2mo	$154,500	$151	59
3251 Sunnybrook Ave N	0.45mi	2/1.0	839 (-11%)	4mo	$71,000	$85	58
1073 Melson Ave	0.28mi	3/1.0 (+1)	816 (-13%)	2mo	$45,000	$55	58
2846 W 8th St	0.74mi	3/1.0 (+1)	929 (-1%)	2mo	$133,500	$144	57
3130 Mell Ct	0.40mi	3/2.0 (+1)	1,056 (+13%)	1mo	$180,000	$170	51
2667 Amy St	0.59mi	3/1.0 (+1)	1,038 (+11%)	0mo	$117,000	$113	50
3542 Broadway Ave	0.69mi	2/1.0	840 (-10%)	2mo	$100,000	$119	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: 5.9%
• Equity multiple: 1.34×
• Total profit: $15,726
• Equity at exit: $77,063

10-year hold

• IRR: 8.2%
• Equity multiple: 2.27×
• Total profit: $57,814
• Equity at exit: $121,818

Cash invested: $45,612 (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: 173
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $1,210 high
• Mortgage (P&I): −$854
• Tax from tax record: −$126 /mo · $1,514/yr
• Insurance: −$68
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $-93

Break-even live

Break-even rent $1,327

Max offer price $146,557

Occupancy floor —

Sensitivity live

Price	-10% $0	-5% $-46	+0% $-93	+5% $-139	+10% $-185
Rent	-10% $-188	-5% $-140	+0% $-93	+5% $-45	+10% $3
Rate	-1.0pp $-10	-0.5pp $-51	base $-93	+0.5pp $-135	+1.0pp $-178

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: $40,725
• Closing costs: $4,887
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1037 Detroit St Jacksonville, FL	3.0	2.0	912	$1,250	$1.37	3d	1	0.12mi
3012 Imperial St Jacksonville, FL	3.0	1.0	1089	$1,395	$1.28	25d	1	0.18mi
2851 Sophia St Jacksonville, FL	2.0	1.0	846	$1,000	$1.18	25d	3	0.29mi
912 Huron St Jacksonville, FL	2.0	1.0	900	$1,100	$1.22	16d	1	0.29mi
1021 Woodstock Ave Jacksonville, FL	3.0	2.0	1012	$1,495	$1.48	25d	1	0.30mi
1021 Woodstock Ave Jacksonville, FL	3.0	2.0	1012	$1,495	$1.48	9d	1	0.30mi
1085 Saint Clair St Jacksonville, FL	1.0	1.0	600	$795	$1.32	25d	1	0.32mi
2862 W 1st St Jacksonville, FL	2.0	1.0	800	$895	$1.12	6d	1	0.32mi
2862 W 1st St Unit 1 Jacksonville, FL	2.0	1.0	800	$895	$1.12	16d	1	0.32mi
2852 W 1st St Jacksonville, FL	2.0	1.0	800	$895	$1.12	9d	1	0.34mi
3055 2nd Street Cir Jacksonville, FL	3.0	1.5	1050	$1,340	$1.28	19d	1	0.36mi
2913 W 2nd St Jacksonville, FL	2.0	1.0	720	$1,000	$1.39	3d	1	0.39mi
1227 Dena St Jacksonville, FL	3.0	1.0	1033	$1,325	$1.28	25d	1	0.39mi
3303 Broadway Ave Jacksonville, FL	3.0	2.0	1072	$1,550	$1.45	6d	1	0.40mi
3359 Columbus Ave Jacksonville, FL	1.0	1.0	550	$1,000	$1.82	25d	1	0.40mi
3359 Columbus Ave Jacksonville, FL	1.0	1.0	525	$1,000	$1.90	14d	1	0.40mi
3357 Columbus Ave Jacksonville, FL	1.0	1.0	550	$1,000	$1.82	19d	1	0.41mi
3368 Columbus Ave Jacksonville, FL	2.0	1.0	955	$1,300	$1.36	6d	1	0.43mi
3101 3rd Street Cir N Jacksonville, FL	2.0	1.0	870	$1,150	$1.32	9d	1	0.43mi
841 Ontario St Jacksonville, FL	2.0	1.0	1000	$1,285	$1.28	25d	1	0.45mi
3305 Sunnybrook Ave N Jacksonville, FL	2.0	1.0	1012	$1,021	$1.01	25d	1	0.48mi
3326 W 1st St Jacksonville, FL	2.0	1.0	791	$995	$1.26	25d	1	0.51mi
2965 Sunset St Jacksonville, FL	3.0	2.0	1056	$1,375	$1.30	6d	1	0.51mi
2965 Sunset St Jacksonville, FL	3.0	1.5	1056	$1,375	$1.30	9d	1	0.51mi
3350 Sunnybrook Ave N Jacksonville, FL	2.0	1.0	900	$1,095	$1.22	25d	1	0.54mi
1612 Alfen St Jacksonville, FL	3.0	1.5	945	$1,113	$1.18	9d	1	0.63mi
3433 Brookhaven Dr Jacksonville, FL	2.0	1.0	754	$1,295	$1.72	9d	1	0.63mi
2587 Orchard St Jacksonville, FL	2.0	2.0	992	$1,295	$1.31	9d	1	0.65mi
3515 Dignan St Jacksonville, FL	3.0	1.0	915	$1,036	$1.13	5d	1	0.81mi
3318 Dignan St Jacksonville, FL	3.0	2.0	960	$1,200	$1.25	25d	1	0.88mi
3323 Nolan St Jacksonville, FL	3.0	1.0	927	$1,050	$1.13	3d	1	0.90mi
3319 Hunt St Jacksonville, FL	3.0	1.0	924	$1,295	$1.40	25d	1	0.94mi
2939 W 11th St Jacksonville, FL	3.0	1.0	1086	$1,295	$1.19	25d	1	0.94mi
5148 Cain Ln Jacksonville, FL	3.0	1.0	1104	$1,306	$1.18	23d	1	0.95mi
2854 Wickwire St Jacksonville, FL	2.0	1.0	948	$1,300	$1.37	6d	1	0.99mi
3035 Fitzgerald St Jacksonville, FL	2.0	1.0	900	$1,021	$1.13	5d	1	1.00mi
2325 Westbrook Cir N Jacksonville, FL	3.0	2.0	812	$1,200	$1.48	25d	1	1.01mi
3356 Lenox Ave Jacksonville, FL	2.0	1.0	899	$999	$1.11	25d	1	1.04mi
1213 Moat St Jacksonville, FL	2.0	2.5	1022	$1,283	$1.26	19d	1	1.07mi
3138 W 15th St Jacksonville, FL	2.0	1.0	734	$1,150	$1.57	9d	1	1.13mi

Listing history 30 events

1. 2026-06-21
   days on market $162,900 Active 44 DOM
2. 2026-06-18
   days on market $162,900 Active 41 DOM
3. 2026-06-17
   days on market $162,900 Active 40 DOM
4. 2026-06-16
   days on market $162,900 Active 39 DOM
5. 2026-06-15
   days on market $162,900 Active 38 DOM
6. 2026-06-13
   pricedays on market $162,900 Active 35 DOM
7. 2026-06-10
   days on market $167,900 Active 32 DOM
8. 2026-06-08
   days on market $167,900 Active 31 DOM
9. 2026-06-07
   days on market $167,900 Active 30 DOM
10. 2026-06-05
    days on market $167,900 Active 27 DOM
11. 2026-06-03
    days on market $167,900 Active 26 DOM
12. 2026-06-02
    days on market $167,900 Active 25 DOM
13. 2026-06-01
    days on market $167,900 Active 24 DOM
14. 2026-05-31
    days on market $167,900 Active 23 DOM
15. 2026-05-08
    listed $169,900 Active
16. 2026-04-29
    price $169,900
17. 2025-06-13
    soldstatus $77,000 Closed 99-char remark

    Show marketing remark (99 chars)

    Great investment property! $1100/month rental close to downtown. Great Bones! close to 295 and I-4

18. 2025-05-06
    status Pending 99-char remark

    Show marketing remark (99 chars)

    Great investment property! $1100/month rental close to downtown. Great Bones! close to 295 and I-4

19. 2025-04-26
    price $76,900 99-char remark

    Show marketing remark (99 chars)

    Great investment property! $1100/month rental close to downtown. Great Bones! close to 295 and I-4

20. 2025-04-14
    listed $99,900 Active 99-char remark

    Show marketing remark (99 chars)

    Great investment property! $1100/month rental close to downtown. Great Bones! close to 295 and I-4

21. 2017-02-03
    soldstatus $620,000
22. 2016-05-09
    historical 283-char remark

    Show marketing remark (283 chars)

    This is a great investment opportunity. 20 Rental Properties All recently remodeled. Located close to downtown With very good yearly returns. This portfolio should not last long on the market at this price. It's sold as a package on MLS 812931, This package has been reduce in price.

23. 2016-02-19
    price $45,000 283-char remark

    Show marketing remark (283 chars)

    This is a great investment opportunity. 20 Rental Properties All recently remodeled. Located close to downtown With very good yearly returns. This portfolio should not last long on the market at this price. It's sold as a package on MLS 812931, This package has been reduce in price.

24. 2016-02-16
    listed $36,000 Active 283-char remark

    Show marketing remark (283 chars)

    This is a great investment opportunity. 20 Rental Properties All recently remodeled. Located close to downtown With very good yearly returns. This portfolio should not last long on the market at this price. It's sold as a package on MLS 812931, This package has been reduce in price.

25. 2013-12-05
    listed $46,410
26. 2010-08-18
    historical
27. 2010-08-11
    soldstatus $11,000
28. 2010-07-02
    listed $12,000
29. 2002-05-23
    soldstatus $53,000
30. 1984-09-01
    soldstatus $30,900

ⓘ 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: $1,514 · $126/mo
• Projected year-2 tax: $1,514 · $126/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 · 17 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: $14,519
• − Mortgage interest: −$9,125
• − Property taxes: −$1,514
• − Insurance: −$814
• − Repairs & maintenance: −$1,162
• − Management: −$1,162
• − Depreciation: −$4,739
• Taxable loss: −$3,997
• Est. tax savings @ 24.0%: +$959
• After-tax cash flow: $-151/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

+449.8% since first listed

16 events — show timeline

• 2026-05-08 Listed $169,900 realMLS
• 2026-04-29 Price Changed $169,900 realMLS
• 2025-06-13 Sold (MLS) $77,000 realMLS
• 2025-05-06 Pending — realMLS
• 2025-04-26 Price Changed $76,900 realMLS
• 2025-04-14 Listed $99,900 realMLS
• 2017-02-03 Sold (Public Records) $620,000 Public Records
• 2016-05-09 Listing Removed — realMLS
• 2016-02-19 Price Changed $45,000 realMLS
• 2016-02-16 Listed $36,000 realMLS
• 2013-12-05 Listed $46,410 realMLS
• 2010-08-18 Listing Removed — realMLS
• 2010-08-11 Sold (MLS) $11,000 realMLS
• 2010-07-02 Listed $12,000 realMLS
• 2002-05-23 Sold (Public Records) $53,000 Public Records
• 1984-09-01 Sold (Public Records) $30,900 Public Records

Property tax history

+9.6%/yr

Latest (2025): $1,514 · +23.3% YoY. Source: county tax records.