3175 Cottage Hill Pl · Asbury Lake, FL 32043

$398,900

5 bd · 3.0 ba · 1,980 sqft · Land · 33 Days on market

Built 2026 $10/mo HOA

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Why this score? — see what drove the F 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 +7.5/15.0
• Cash flow +7.3/30.0
• Schools +5.1/10.0
• Livability +3.1/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• 1% rule +1.6/10.0
• DSCR +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks

Introducing the Caprice by LGI Homes, a stunning new home in the gorgeous Rolling Hills community in Green Cove Springs. This spacious floor plan boasts 5 bedrooms and 3 bathrooms, providing ample space for your family's needs. The open kitchen with an island is a chef's delight, while the dining area off the kitchen offers a cozy space for family meals. Step into luxury in the master bedroom, complete with a walk-in closet and an en-suite bathroom featuring a dual sink vanity.

Key facts

• 2 garage spots
• Community pool
• Built 2026

Property features AI

Finance

• Other: Community sidewalks; Association pool (not private)
• HOA & community: Homeowners association with monthly fee; Association amenities include clubhouse, fitness center, jogging path, pickleball, playground, and tennis courts; CDD fee applies

Exterior

• Parking: Attached garage with automatic garage door opener; 2-car garage
• Security: Smoke detector(s)
• Utilities: Public sewer; Cable available; Electricity connected; Sewer connected; Water connected
• Home design: Single family residence; One story; Residential use
• Construction: Fiber cement and frame construction
• Exterior features: Covered front porch; Patio; Smoke detectors; Shingle roof; Paved road access

Interior

• Kitchen: Dishwasher; Disposal; Electric cooktop; Electric oven; Electric range; Freezer; Ice maker; Microwave; Refrigerator; Electric water heater
• Bedrooms: 5 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Central air; Has heating; Has cooling
• Interior features: Breakfast bar; Ceiling fans; Entrance foyer; Kitchen island; Open floorplan; Pantry; Primary bathroom with shower (no tub); Smart thermostat; Vaulted ceilings; Walk-in closets; 13 total rooms
• Laundry & utility: Washer hookup; Electric dryer hookup; Unfurnished

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath land listed at $399k.

Deal economics

• At list price, monthly cash flow is $-534 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $305k (23.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $262k (34.3% below list).
• Recommended offer: $262k (34.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 61/100 on livability (#776 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, employment A, crime 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: Lake Asbury Elementary School (math 69% / reading 64%, grade B+, #473 of 2,144 statewide, top 23%, 975 students, 38% FRL); Lake Asbury Junior High School (math 65% / reading 58%, grade B+, #124 of 571 statewide, top 22%, 1,037 students, 41% FRL); Middleburg High School (math 41% / reading 52%, grade D-, #216 of 667 statewide, top 33%, 1,852 students, 47% FRL).
• Market conditions: Rents flat; 885 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 9d 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).
• This rent runs 37% of the median local income ($84k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k 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 33 days — a 3% lower offer ($387k) is reasonable based on typical stale-listing flexibility.

Recommended offer $261,986 (34.3% 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 33 days. Have you received any prior offers? Is the seller open to a 34% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.66% ✗
• Cap rate: 4.69%
• Cash-on-cash: -5.74%
• DSCR: 0.74
• GRM: 12.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.46% rent growth · sell at horizon

5-year hold

• IRR: -28.8%
• Equity multiple: 0.06×
• Total profit: $-105,257
• Equity at exit: $59,477

10-year hold

• IRR: -41.5%
• Equity multiple: -0.44×
• Total profit: $-161,167
• Equity at exit: $34,490

Cash invested: $111,692 (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: 12.7×

Monthly cashflow live

• Estimated rent: $2,620 medium
• Mortgage (P&I): −$2,092
• Tax from tax record: −$336 /mo · $4,032/yr
• Insurance: −$166
• HOA: −$10
• Vacancy / Maint / Mgmt: −$550
• Net cashflow: $-534

Break-even live

Break-even rent $3,296

Max offer price $304,503

Occupancy floor —

Sensitivity live

Price	-10% $-309	-5% $-421	+0% $-534	+5% $-647	+10% $-760
Rent	-10% $-741	-5% $-638	+0% $-534	+5% $-431	+10% $-327
Rate	-1.0pp $-333	-0.5pp $-433	base $-534	+0.5pp $-638	+1.0pp $-743

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: $99,725
• Closing costs: $11,967
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2506 Creekfront Dr Green Cove Springs, FL	4.0	2.0	1638	$2,554	$1.56	24d	1	0.64mi
2653 Fernleaf Dr Green Cove Springs, FL	4.0	2.0	1638	$2,005	$1.22	8d	1	0.70mi
2621 Fernleaf Dr Green Cove Springs, FL	4.0	2.0	1870	$2,135	$1.14	4d	1	0.76mi
1111 Calla Glen Ln Green Cove Springs, FL	4.0	2.0	1980	$2,160	$1.09	2d	1	1.40mi

HOA detail

• Monthly dues: $10 · $120/yr

Listing history 14 events

1. 2026-06-18
   days on market $398,900 Active 33 DOM
2. 2026-06-17
   days on market $398,900 Active 32 DOM
3. 2026-06-16
   days on market $398,900 Active 31 DOM
4. 2026-06-15
   days on market $398,900 Active 30 DOM
5. 2026-06-13
   days on market $398,900 Active 28 DOM
6. 2026-06-13
   days on market $398,900 Active 27 DOM
7. 2026-06-09
   days on market $398,900 Active 24 DOM
8. 2026-06-08
   days on market $398,900 Active 23 DOM
9. 2026-06-07
   days on market $398,900 Active 22 DOM
10. 2026-06-03
    days on market $398,900 Active 18 DOM
11. 2026-06-02
    days on market $398,900 Active 17 DOM
12. 2026-06-01
    days on market $398,900 Active 16 DOM
13. 2026-05-31
    days on market $398,900 Active 15 DOM
14. 2026-05-16
    listed $398,900 Active

ⓘ 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: $4,032 · $336/mo
• Projected year-2 tax: $4,032 · $336/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $31,438
• − Mortgage interest: −$22,345
• − Property taxes: −$4,032
• − Insurance: −$1,994
• − Repairs & maintenance: −$2,515
• − Management: −$2,515
• − HOA: −$120
• − Depreciation: −$11,604
• Taxable loss: −$13,687
• Est. tax savings @ 24.0%: +$3,285
• After-tax cash flow: $-3,127/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 — Asbury Lake

• Score: 61/100
• State rank: #776
• US rank: #17575

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Asbury Lake, FL
• County: Clay County · 208,450 people
• 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

1 event — show timeline

• 2026-05-16 Listed $398,900 realMLS

Property tax history

+0.4%/yr

Latest (2025): $4,032 · +0.4% YoY. Source: county tax records.