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1877 Jennings Way
D Composite 43.53
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).

  • ARV discount +10.9/15.0
  • Cash flow +10.5/30.0
  • Schools +5.4/10.0
  • Condition / age +4.0/5.0
  • Rent growth +3.3/5.0
  • Livability +3.2/5.0
  • 1% rule +3.1/10.0
  • DSCR +3.0/10.0
  • Appreciation +0.0/10.0

$245,490

1877 Jennings Way · Middleburg, FL 32068
3 bd · 2.0 ba · 1,372 sqft · Townhouse · 109 Days on market
Built 2026 Good condition $179/sqft · 8% below area Est $266k · 8% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Enter through the covered porch into the foyer, where a powder bath and convenient access to the garage are located. Continue into the open-concept main level, featuring a kitchen that flows into the dining area and family room. A door connects the main living space to the rear patio, extending the home's usable area outdoors. Upstairs, a centrally located laundry room adds everyday functionality. The primary bedroom includes a private bath and walk-in closet, while two additional bedrooms share a full bathroom. The layout is designed for comfort, efficiency, and flexibility to best fit your needs.

Key facts

  • Covered porch
  • Private bath
  • Rear patio

Tags

COVERED PORCHOPEN-CONCEPT MAIN LEVELKITCHEN FLOWS INTO DINING AREAREAR PATIOCENTRALLY LOCATED LAUNDRY ROOMPRIVATE BATH

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath townhouse listed at $245k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-127 ($-2k/yr) — negative.
  • To cash-flow at today's rent, offer at most $227k (7.5% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $199k (19.0% below list).
  • Recommended offer: $199k (19.0% below list) — sets the bar for 1% rule.
  • Cap rate 5.7% vs local median 4.0% in Middleburg — 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 65/100 on livability (#657 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, health & safety 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.
  • Zoned schools: Tynes Elementary School (math 65% / reading 63%, grade B, #552 of 2,144 statewide, top 26%, 1,021 students, 43% FRL); Wilkinson Junior High School (math 54% / reading 49%, grade C, #232 of 571 statewide, top 41%, 752 students, 100% FRL); Middleburg High School (math 41% / reading 52%, grade D-, #216 of 667 statewide, top 33%, 1,852 students, 47% FRL) — zoned schools average 63% FRL vs 35% district-wide (28 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising (+3.4%/yr); 875 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals lingering (median 69d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 64% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $2k of loan paydown is wiped out by about $7k 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 109 days — a 9% lower offer ($223k) is reasonable based on typical stale-listing flexibility.
Recommended offer $198,730 (19.0% 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 109 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
  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. 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
0.81% ✗
Cap rate
5.67%
Cash-on-cash
-2.21%
DSCR
0.90
GRM
10.3

CMA / ARV

ARV (median comp)
$265,834
List price
$245,490
Delta
-7.65%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 8 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1874 Jennings Way 0.03mi 3/2.5 1,404 (+2%) 1mo $229,990 $164 92
1870 Jennings Way 0.03mi 3/2.5 1,404 (+2%) 1mo $229,990 $164 92
1869 Jennings Way 0.01mi 3/2.5 1,403 (+2%) 3mo $244,990 $175 91
1568 Jeremiah St 0.75mi 3/2.5 1,468 (+7%) 9mo $238,990 $163 44
1576 Jeremiah St 0.74mi 3/2.5 1,468 (+7%) 9mo $245,990 $168 44
1564 Jeremiah St 0.75mi 3/2.5 1,468 (+7%) 9mo $238,990 $163 44
1580 Jeremiah St 0.74mi 3/2.5 1,468 (+7%) 10mo $271,000 $185 43
1572 Jeremiah St 0.74mi 3/2.5 1,468 (+7%) 11mo $259,000 $176 43

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 · 3.35% rent growth · sell at horizon

5-year hold
IRR
-19.6%
Equity multiple
0.31×
Total profit
$-47,108
Equity at exit
$36,603
10-year hold
IRR
-11.6%
Equity multiple
0.30×
Total profit
$-48,376
Equity at exit
$21,225

Cash invested: $68,737 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
39 active · 24 under contract
Months of supply
9.0 mo (11%/mo absorbed)
Median asking
$264,990 ($185/sqft)
Median days on market
49 d
This list price
13% of active listings are priced below it
ARV vs active asking
+4.9% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 32068

Home prices YoY
-27.5%
Rents YoY
3.4%
Active inventory
875
Price-to-rent
10.3×

Monthly cashflow live

Estimated rent
$1,987 high interval (Pro) →
Mortgage (P&I)
−$1,287
Tax est. 1.5%
−$307 /mo · $3,682/yr
Insurance
−$102
HOA
−$0
Vacancy / Maint / Mgmt
−$417
Net cashflow
$-127

Break-even live

Break-even rent $2,148
Max offer price $227,177
Occupancy floor —

Sensitivity live

Price -10% $43 -5% $-42 +0% $-127 +5% $-211 +10% $-296
Rent -10% $-284 -5% $-205 +0% $-127 +5% $-48 +10% $30
Rate -1.0pp $-3 -0.5pp $-64 base $-127 +0.5pp $-190 +1.0pp $-255

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
$61,372
Closing costs
$7,365
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 36 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
3861 Baxley Villas Ct Middleburg, FL 3.0 2.5 1604 $1,835 $1.14 8d 1 0.73mi
1637 Ascend Ln Middleburg, FL 1.0–3.0 1.0–2.0 1171 $2,259 $1.93 58d 12 0.78mi
1503 Jeremiah St Middleburg, FL 3.0 2.5 1468 $1,800 $1.23 10d 1 0.81mi
1469 Jeremiah St Middleburg, FL 3.0 2.5 1468 $2,000 $1.36 119d 1 0.84mi
1854 Alberta Ct N Middleburg, FL 3.0 2.0 1190 $1,735 $1.46 75d 1 0.88mi
1834 Manitoba Ct N Middleburg, FL 3.0 2.0 1266 $1,695 $1.34 64d 1 0.89mi
1854 Mackenzie Ct N Middleburg, FL 3.0 2.0 1536 $1,659 $1.08 69d 1 0.91mi
1846 Manitoba Ct N Middleburg, FL 3.0 2.0 1284 $2,036 $1.59 10d 1 0.92mi
1862 Mackenzie Ct N Middleburg, FL 3.0 2.0 1088 $1,650 $1.52 94d 1 0.93mi
1371 Summerbrook Dr Middleburg, FL 4.0 2.0 1467 $1,915 $1.31 64d 1 0.95mi
1871 Alberta Ct S Middleburg, FL 3.0 2.0 1524 $1,720 $1.13 119d 1 0.96mi
1809 Penzance Pkwy Middleburg, FL 3.0 2.0 1708 $1,990 $1.17 88d 1 0.97mi
1809 Penzance Pkwy Middleburg, FL 3.0 2.0 1709 $1,990 $1.16 81d 1 0.97mi
1685 Bridger Trce Middleburg, FL 2.0 2.5 1210 $2,200 $1.82 10d 1 1.00mi
1633 Bridger Trce Middleburg, FL 3.0 2.5 1502 $1,900 $1.26 119d 1 1.02mi
1629 Bridger Trce Middleburg, FL 2.0 3.0 1210 $1,800 $1.49 94d 1 1.02mi
1883 Mackenzie Ct S Middleburg, FL 3.0 2.0 1260 $1,628 $1.29 88d 1 1.02mi
1883 Mackenzie Ct S Middleburg, FL 3.0 2.0 1260 $1,654 $1.31 94d 1 1.02mi
1334 Camp Ridge Ln Middleburg, FL 3.0 2.0 1545 $2,175 $1.41 119d 1 1.12mi
1804 Sherwood Dr Middleburg, FL 3.0 2.0 1206 $1,685 $1.40 10d 1 1.19mi
1291 Sorrelwood Ct Middleburg, FL 3.0 2.0 1797 $1,950 $1.09 1d 1 1.22mi
1811 Sheraton Lakes Cir Middleburg, FL 3.0 2.0 1312 $1,650 $1.26 8d 1 1.24mi
1706 Foggy Day Dr Middleburg, FL 4.0 2.0 1792 $2,030 $1.13 64d 1 1.25mi
1867 Sheraton Lakes Cir Middleburg, FL 3.0 2.0 1296 $1,395 $1.08 10d 1 1.27mi
4013 White Bark Plantation Dr Middleburg, FL 3.0 2.0 1574 $1,821 $1.16 58d 1 1.30mi
3615 Alec Dr Middleburg, FL 4.0 2.5 1854 $1,945 $1.05 74d 1 1.35mi
3537 Whisper Creek Blvd Middleburg, FL 3.0 2.0 1609 $1,950 $1.21 10d 1 1.35mi
1793 Foggy Day Dr Middleburg, FL 3.0 2.0 1803 $2,100 $1.16 119d 1 1.37mi
3640 Alec Dr Middleburg, FL 3.0 2.0 1178 $1,665 $1.41 88d 1 1.37mi
2044 Hunters Trace Cir Middleburg, FL 3.0 2.0 1380 $1,735 $1.26 0d 1 1.37mi
1976 Hunters Trace Cir Middleburg, FL 3.0 2.0 1576 $1,865 $1.18 83d 1 1.43mi
3413 Alec Dr Middleburg, FL 3.0 2.0 1312 $1,711 $1.30 116d 1 1.47mi
1897 High Prairie Ln Middleburg, FL 3.0 2.0 1729 $1,950 $1.13 10d 1 1.47mi
1897 High Prairie Ln Middleburg, FL 3.0 2.0 1729 $1,950 $1.13 5d 1 1.47mi
1568 Backwater Dr Middleburg, FL 3.0 2.0 1594 $1,895 $1.19 119d 1 1.48mi
1880 Pineta Cove Dr Middleburg, FL 3.0 2.0 1316 $1,930 $1.47 1d 1 1.49mi

Property features AI

Finance

Other
Address: 1877 Jennings Way, Middleburg, FL 32068Status: Active
Financial info
List price $249,990

Exterior

Parking
1 parking space (total)
Utilities
Electric serviceCentral air for cooling
Home design
Single-family plan named BaselSpec new construction
Exterior features
Living area approximately 1372

Interior

Kitchen
DishwasherDisposalMicrowave
Bedrooms
3 bedrooms
Bathrooms
2 full bathrooms
Heating & cooling
Electric and heat pump heatingCentral air conditioning
Interior features
DishwasherDisposalMicrowave

Listing history 50 events

  1. 2026-08-25
    days on market $245,490 Active 109 DOM
  2. 2026-08-24
    days on market $245,490 Active 108 DOM
  3. 2026-08-23
    days on market $245,490 Active 107 DOM
  4. 2026-08-22
    days on market $245,490 Active 106 DOM
  5. 2026-08-21
    days on market $245,490 Active 105 DOM
  6. 2026-08-20
    days on market $245,490 Active 104 DOM
  7. 2026-08-19
    days on market $245,490 Active 103 DOM
  8. 2026-08-18
    price $245,490 Active 102 DOM
  9. 2026-08-18
    days on market $245,240 Active 102 DOM
  10. 2026-08-17
    days on market $245,240 Active 101 DOM
  11. 2026-08-16
    days on market $245,240 Active 100 DOM
  12. 2026-08-15
    days on market $245,240 Active 99 DOM
  13. 2026-08-14
    days on market $245,240 Active 98 DOM
  14. 2026-08-13
    days on market $245,240 Active 97 DOM
  15. 2026-08-12
    days on market $245,240 Active 96 DOM
  16. 2026-08-11
    days on market $245,240 Active 95 DOM
  17. 2026-08-10
    days on market $245,240 Active 94 DOM
  18. 2026-08-09
    days on market $245,240 Active 93 DOM
  19. 2026-08-08
    days on market $245,240 Active 92 DOM
  20. 2026-08-07
    days on market $245,240 Active 91 DOM
  21. 2026-08-06
    days on market $245,240 Active 90 DOM
  22. 2026-08-05
    days on market $245,240 Active 89 DOM
  23. 2026-08-04
    days on market $245,240 Active 88 DOM
  24. 2026-08-03
    days on market $245,240 Active 87 DOM
  25. 2026-07-31
    days on market $245,240 Active 84 DOM
  26. 2026-07-30
    days on market $245,240 Active 82 DOM
  27. 2026-07-28
    days on market $245,240 Active 81 DOM
  28. 2026-07-26
    pricedays on market $245,240 Active 79 DOM
  29. 2026-07-24
    days on market $244,990 Active 77 DOM
  30. 2026-07-23
    days on market $244,990 Active 76 DOM
  31. 2026-07-22
    days on market $244,990 Active 75 DOM
  32. 2026-07-21
    days on market $244,990 Active 74 DOM
  33. 2026-07-20
    days on market $244,990 Active 73 DOM
  34. 2026-07-18
    days on market $244,990 Active 71 DOM
  35. 2026-07-18
    pricedays on market $244,990 Active 70 DOM
  36. 2026-07-16
    days on market $249,990 Active 69 DOM
  37. 2026-07-15
    days on market $249,990 Active 68 DOM
  38. 2026-07-14
    days on market $249,990 Active 67 DOM
  39. 2026-07-13
    days on market $249,990 Active 66 DOM
  40. 2026-07-13
    days on market $249,990 Active 65 DOM
  41. 2026-07-11
    days on market $249,990 Active 64 DOM
  42. 2026-07-10
    days on market $249,990 Active 63 DOM
  43. 2026-07-09
    days on market $249,990 Active 62 DOM
  44. 2026-07-07
    days on market $249,990 Active 60 DOM
  45. 2026-07-06
    days on market $249,990 Active 59 DOM
  46. 2026-07-05
    days on market $249,990 Active 58 DOM
  47. 2026-07-03
    days on market $249,990 Active 56 DOM
  48. 2026-07-02
    days on market $249,990 Active 55 DOM
  49. 2026-07-01
    days on market $249,990 Active 54 DOM
  50. 2026-06-30
    days on market $249,990 Active 53 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$23,848
− Mortgage interest
−$13,751
− Property taxes
−$3,682
− Insurance
−$1,227
− Repairs & maintenance
−$1,908
− Management
−$1,908
− Depreciation
−$7,142
Taxable loss
−$5,771
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,385
After-tax cash flow
$-134/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.

Condition & rehab AI · 6 photos

Good 80/100 None rehab

This townhouse is in excellent condition with modern amenities and a well-maintained exterior. It offers a good return on investment with minor updates that can significantly enhance its value.

Value-add opportunities

  • Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
  • Both Landscaping improvements — Enhanced landscaping can increase curb appeal and property value. ↑
  • Resale Kitchen appliances replacement — Modern appliances can attract more buyers and renters. ↑
  • Resale Flooring replacement in high-traffic areas — Updated flooring can improve the home's overall appearance and functionality. ↑
  • Rental HVAC system maintenance — A well-maintained HVAC system can attract more renters and reduce utility costs. ↑
D Composite school gradezoned avg 54/100

Zoned Schools

Elementary Tynes Elementary School B FL #552/2,144 Nat'l #5,798/41,679 Middle Wilkinson Junior High School C FL #232/571 Nat'l #3,192/14,009 High Middleburg High School D- FL #216/667 Nat'l #6,621/17,239

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
C Composite livability gradescore 65/100

Livability — Middleburg

Score
65/100
State rank
#657
US rank
#13174

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Clay County · 230,495 people
City population
58,983
Metro
Jacksonville, FL
Population (ZIP)
58,983
Household income
$84,431
Rent vs Own
20.7% rent · 79.3% own
Severe rent burden
16% of renters

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 (74%)
Race & ethnicity
White 74% Hispanic / Latino 13% Two or more races 10% Black 7%
Hispanic origin (detail)
Mexican 2% Puerto Rican 5%
Common ancestry
Slovak 2% Romanian 2% Lithuanian 2%
Foreign-born
7% · Canada, Jamaica
Languages at home
87% English-only · Spanish 9% Arabic 1% German/W. Germanic 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
—

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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