2982 Dellwood Ave · Jacksonville, FL 32205

$129,000

2 bd · 1.0 ba · 946 sqft · SingleFamily public records · 26 Days on market

Built 1944 4,791 sqft lot Est $170k · 24% under

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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 +18.0/30.0
• ARV discount +15.0/15.0
• DSCR +5.6/10.0
• 1% rule +4.7/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Incredible opportunity awaits in the highly sought-after Murray Hill neighborhood. Located just minutes from the vibrant dining, shopping, and nightlife of historic Riverside, this charming three-bedroom, one-bathroom bungalow is aggressively priced and primed for a great deal. Whether you are an equity-minded homebuyer looking for a cozy space to make your own or a savvy investor looking to maximize profit, execute a profitable flip, or add a high-demand asset to your rental portfolio, this versatile property delivers on all fronts. The functional layout offers the perfect canvas for your personal updates, while the prime location places you right in the heart of one of Jacksonville's most

Key facts

• Walkable areas
• Functional layout
• Historic riverside

Tags

• MURRAY HILL NEIGHBORHOOD
• HISTORIC RIVERSIDE
• FUNCTIONAL LAYOUT
• PRIME LOCATION
• WALKABLE AREAS

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Additional parking
• Utilities: Public sewer; Electricity available; Sewer available; Water available; City street frontage; Asphalt road surface
• Home design: Single family residence; One story; Faces north; Used as a residential single-family home
• Construction: Shingle roof
• Exterior features: Front porch; Back yard fencing; Chain link fence; Wood fence; Shingle roof

Interior

• Kitchen: Electric cooktop; Electric oven; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air
• Interior features: Central heating; Central air conditioning; Unfurnished
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $129k.

Deal economics

• At list price, monthly cash flow is $45 ($539/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 $125k (3.2% below list).
• Recommended offer: $125k (3.2% below list) — sets the bar for 1% rule.
• Cap rate 7.3% 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.
• Zoned schools: Ruth N. Upson Elementary School (math 72% / reading 67%, grade A-, #364 of 2,144 statewide, top 19%, 376 students, 61% FRL); Lake Shore Middle School (math 25% / reading 22%, grade F, #536 of 571 statewide, top 95%, 972 students, 75% FRL); Riverside High School (math 24% / reading 39%, grade F, #424 of 667 statewide, top 64%, 1,567 students, 60% FRL) — zoned schools average 65% FRL vs 49% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.7%/yr); 320 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); 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $892 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $10k; list at $129k implies a 1190% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1944 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major 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 $124,880 (3.2% below list)

Questions for the listing agent

1. Built in 1944 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 0.97% ✗
• Cap rate: 7.33%
• Cash-on-cash: 3.70%
• DSCR: 1.16
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $170,280
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3053 Gilmore St	0.19mi	2/1.0	1,008 (+7%)	0mo	$130,000	$129	80
3034 Rayford St	0.27mi	2/1.0	912 (-4%)	2mo	$160,000	$175	79
646 Day Ave	0.36mi	3/1.0 (+1)	922 (-2%)	3mo	$180,000	$195	72
3119 Rosselle St	0.27mi	3/1.0 (+1)	1,018 (+8%)	3mo	$167,500	$165	68
3333 Ernest St	0.49mi	3/1.0 (+1)	984 (+4%)	1mo	$207,000	$210	65
3207 Dellwood Ave	0.31mi	2/1.0	824 (-13%)	0mo	$165,000	$200	64
3332 Dellwood Ave	0.48mi	2/1.0	1,023 (+8%)	0mo	$184,000	$180	64
3140 Thomas St	0.71mi	3/1.0 (+1)	928 (-2%)	3mo	$60,000	$65	56
2881 Lenox Ave	0.42mi	3/1.0 (+1)	1,068 (+13%)	2mo	$90,000	$84	52
2858 Downing St	0.56mi	3/1.0 (+1)	1,080 (+14%)	0mo	$195,000	$181	45
2807 Lydia St	0.67mi	2/2.0	1,080 (+14%)	2mo	$375,000	$347	40
3205 Dignan St	0.65mi	3/2.0 (+1)	1,080 (+14%)	2mo	$140,000	$130	35

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 · 1.73% rent growth · sell at horizon

5-year hold

• IRR: -15.4%
• Equity multiple: 0.46×
• Total profit: $-19,569
• Equity at exit: $19,234

10-year hold

• IRR: -9.3%
• Equity multiple: 0.46×
• Total profit: $-19,458
• Equity at exit: $11,154

Cash invested: $36,120 (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 32205

• Rents YoY: 1.7%
• Active inventory: 320
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,249 high
• Mortgage (P&I): −$676
• Tax from tax record: −$145 /mo · $1,739/yr
• Insurance: −$54
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$262
• Net cashflow: $45

Break-even live

Break-even rent $1,192

Max offer price $129,000

Occupancy floor 91%

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
809 McDuff Ave S Jacksonville, FL	2.0	1.0	1006	$995	$0.99	4d	1	0.03mi
2980 Ernest St Jacksonville, FL	2.0	1.0	920	$1,200	$1.30	23d	1	0.04mi
2920 Dellwood Ave #2 Jacksonville, FL	1.0	1.0	650	$900	$1.38	7d	1	0.13mi
2920 Dellwood Ave Unit 4 Jacksonville, FL	1.0	1.0	650	$900	$1.38	10d	1	0.13mi
3036 Green St Jacksonville, FL	3.0	1.0	924	$1,495	$1.62	23d	1	0.16mi
975 Willow Branch Ave Jacksonville, FL	1.0	1.0	950	$1,200	$1.26	4d	1	0.26mi
2929 Post St Jacksonville, FL	1.0	1.0	950	$1,100	$1.16	4d	1	0.27mi
2892 College St Unit 2892-2 Jacksonville, FL	1.0	1.0	700	$1,195	$1.71	17d	1	0.29mi
2908 Post St Unit 4 Jacksonville, FL	1.0	1.0	720	$995	$1.38	2d	1	0.32mi
2908 Post St Apt 3 Jacksonville, FL	1.0	1.0	720	$995	$1.38	14d	1	0.32mi
2877 Post St Unit 07 Jacksonville, FL	1.0	1.0	650	$995	$1.53	17d	1	0.33mi
2853 College St Unit 1 Jacksonville, FL	1.0	1.0	655	$1,100	$1.68	23d	1	0.33mi
3233 Dellwood Ave Jacksonville, FL	2.0	2.0	1000	$1,750	$1.75	23d	1	0.34mi
2851 College St Unit 1 Jacksonville, FL	1.0	1.0	655	$1,100	$1.68	23d	1	0.35mi
1052 Willow Branch Ave #2 Jacksonville, FL	1.0	1.0	730	$891	$1.22	23d	1	0.37mi
3236 Phyllis St Unit 3244 Jacksonville, FL	2.0	1.0	720	$850	$1.18	23d	1	0.39mi
2759 Dellwood Ave Jacksonville, FL	3.0	2.0	1080	$2,100	$1.94	19d	1	0.41mi
3250 Phyllis St Jacksonville, FL	2.0	1.0	720	$850	$1.18	23d	1	0.42mi
3233 Post St Jacksonville, FL	2.0	1.0	750	$1,095	$1.46	23d	1	0.42mi
2803 College St Jacksonville, FL	2.0	1.0	1100	$1,550	$1.41	14d	1	0.43mi
3312 Ernest St Jacksonville, FL	3.0	1.0	1065	$1,148	$1.08	23d	1	0.43mi
3313 Green St Jacksonville, FL	3.0	1.0	1058	$1,450	$1.37	7d	1	0.44mi
3353 Dellwood Ave Jacksonville, FL	3.0	1.0	934	$1,595	$1.71	17d	1	0.50mi
1098 Cherry St Unit 1 Jacksonville, FL	1.0	1.0	700	$1,250	$1.79	17d	1	0.51mi
3337 Post St Unit 2 Jacksonville, FL	1.0	1.0	642	$925	$1.44	10d	1	0.53mi
2966 Remington St #4 Jacksonville, FL	1.0	1.0	650	$1,100	$1.69	14d	1	0.54mi
2966 Remington St #4 Jacksonville, FL	1.0	1.0	650	$1,095	$1.68	14d	1	0.54mi
2701 Myra St Jacksonville, FL	3.0	1.0	1065	$1,595	$1.50	21d	1	0.54mi
3343 Post St Unit 1 Jacksonville, FL	1.0	1.0	642	$925	$1.44	10d	1	0.54mi
1109 Cherry St Unit 4 Jacksonville, FL	1.0	1.0	850	$1,195	$1.41	20d	1	0.55mi
420 Sunshine St Jacksonville, FL	3.0	2.0	1050	$1,350	$1.29	1d	1	0.55mi
2979 Downing St Unit 1 Jacksonville, FL	1.0	1.0	700	$1,170	$1.67	7d	1	0.57mi
2979 Downing St Unit 2 Jacksonville, FL	1.0	1.0	700	$1,250	$1.79	23d	1	0.57mi
3307 Mayflower St #1 Jacksonville, FL	2.0	1.0	820	$1,125	$1.37	7d	1	0.58mi
2786 Downing St Jacksonville, FL	1.0	1.0	900	$1,200	$1.33	23d	1	0.58mi
3356 Lenox Ave Jacksonville, FL	2.0	1.0	899	$999	$1.11	23d	1	0.61mi
3329 Mayflower St Unit 3331 Jacksonville, FL	1.0	1.0	616	$1,095	$1.78	4d	1	0.63mi
3319 Hunt St Jacksonville, FL	3.0	1.0	924	$1,295	$1.40	23d	1	0.64mi
3035 Fitzgerald St Jacksonville, FL	2.0	1.0	900	$1,021	$1.13	3d	1	0.64mi
676 Bridal Ave Jacksonville, FL	3.0	2.0	1008	$1,450	$1.44	23d	1	0.65mi

Listing history 16 events

1. 2026-06-17
   days on market $129,000 Active 26 DOM
2. 2026-06-16
   days on market $129,000 Active 25 DOM
3. 2026-06-15
   days on market $129,000 Active 24 DOM
4. 2026-06-13
   days on market $129,000 Active 22 DOM
5. 2026-06-13
   days on market $129,000 Active 21 DOM
6. 2026-06-10
   days on market $129,000 Active 18 DOM
7. 2026-06-08
   days on market $129,000 Active 17 DOM
8. 2026-06-07
   days on market $129,000 Active 16 DOM
9. 2026-06-05
   days on market $129,000 Active 13 DOM
10. 2026-06-03
    days on market $129,000 Active 12 DOM
11. 2026-06-02
    days on market $129,000 Active 11 DOM
12. 2026-06-01
    days on market $129,000 Active 10 DOM
13. 2026-05-31
    days on market $129,000 Active 9 DOM
14. 2026-05-22
    listed $129,000 Active
15. 1991-12-17
    soldstatus $10,000
16. 1985-07-01
    soldstatus $18,400

ⓘ 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: $1,739 · $145/mo
• Projected year-2 tax: $1,739 · $145/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 7/10 Severe FEMA zone X (unshaded) · 76% 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 5/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,986
• − Mortgage interest: −$7,226
• − Property taxes: −$1,739
• − Insurance: −$1,442
• − Repairs & maintenance: −$1,199
• − Management: −$1,199
• − Depreciation: −$3,753
• Taxable loss: −$1,573
• Est. tax savings @ 24.0%: +$377
• After-tax cash flow: $916/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): 29,148
• Household income: $64,789
• Rent vs Own: 45.2% rent · 54.8% own
• Severe rent burden: 1398.0

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 0.59)
• Race & ethnicity: White 59% Black 21% Hispanic / Latino 11% Two or more races 7% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4% Cuban 1%
• Common ancestry: Slovak 3% Lithuanian 2% Romanian 2%
• Foreign-born: 8% · Canada, Vietnam, Dominican Republic
• Languages at home: 88% English-only · Spanish 8% Vietnamese 1% French/Haitian/Cajun 1%

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: ▼ -386.70%
• Current HPI: 310.4566
• Rent YoY: ▲ 1.73%
• 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

+601.1% since first listed

3 events — show timeline

• 2026-05-22 Listed $129,000 realMLS
• 1991-12-17 Sold (Public Records) $10,000 Public Records
• 1985-07-01 Sold (Public Records) $18,400 Public Records

Property tax history

+7.4%/yr

Latest (2025): $1,739 · +17.5% YoY. Source: county tax records.