6951 Bernay Ave #5 · Jacksonville, FL 32205

$200,000

3 bd · 1.0 ba · 1,302 sqft · SingleFamily · 50 Days on market

Built 1957 Good condition 6,098 sqft lot Est $180k · 11% over ↓ 10% since listing

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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 +13.1/30.0
• Livability +4.2/5.0
• Condition / age +4.0/5.0
• DSCR +3.9/10.0
• Schools +3.9/10.0
• 1% rule +3.7/10.0
• Rent growth +2.9/5.0
• ARV discount +2.4/15.0
• Appreciation +0.0/10.0

Listing remarks

OPEN HOUSE!! SATURDAY, JUNE 6, 2026 FROM 11-2!! Welcome to this charming home located in the established Normandy Village neighborhood of Jacksonville. Conveniently situated just minutes from I-295, shopping, dining, and everyday essentials, this property offers both comfort and accessibility. Inside, you'll find a functional layout filled with natural light, creating a warm and inviting atmosphere. The home offers a great opportunity to make it your own, whether you're a first-time buyer, looking to downsize, or adding to your investment portfolio. Enjoy a spacious backyard with plenty of room for outdoor activities, entertaining, or relaxing in your own private space. With its convenient

Key facts

• 6,098 sq ft lot
• Built 1957
• Listed 49 days

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Carport
• Utilities: Private sewer; Cable available; Electricity available; Water available
• Home design: Single-family residence; Used as a single-family home
• Exterior features: No private pool; Lot approximately 0.14 acres

Interior

• Kitchen: Electric cooktop; Electric range; Refrigerator
• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Unfurnished; Electric cooktop and electric range; Refrigerator

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-6 ($-77/yr) — negative.
• To cash-flow at today's rent, offer at most $199k (0.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $174k (12.9% below list).
• Recommended offer: $174k (12.9% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 3.9% 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: Normandy Village Elementary School (math 37% / reading 32%, grade F, #1,709 of 2,144 statewide, top 81%, 495 students, 78% 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 71% FRL vs 49% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 30% at this address vs 46% district-wide (-16 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); 318 active listings in the ZIP; 29 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).
• This rent runs 32% of the median local income ($65k/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 $1k of loan paydown is wiped out by about $6k 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 50 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• 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 $174,140 (12.9% 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 50 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Built in 1957 — 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: 0.87% ✗
• Cap rate: 6.25%
• Cash-on-cash: -0.14%
• DSCR: 0.99
• GRM: 9.6

CMA / ARV

• ARV (on-the-fly): $179,676
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
909 La Marche Dr	0.20mi	3/1.0	1,326 (+2%)	3mo	$147,000	$111	86
6928 Arques Rd	0.22mi	3/1.5	1,268 (-3%)	2mo	$110,000	$87	82
6922 Rollo Rd	0.10mi	3/1.0	1,400 (+8%)	8mo	$189,900	$136	76
1060 La Marche Dr	0.36mi	3/2.0	1,356 (+4%)	1mo	$102,500	$76	71
6755 Calvados Ave	0.36mi	3/2.0	1,238 (-5%)	4mo	$228,000	$184	67
1133 Le Brun Dr	0.44mi	3/2.0	1,222 (-6%)	2mo	$170,000	$139	63
1045 Legay Ave	0.35mi	3/1.0	1,190 (-9%)	10mo	$100,000	$84	61
1101 Mantes Ave	0.40mi	3/1.0	1,165 (-10%)	4mo	$118,000	$101	60
1044 Hillock Dr E	0.65mi	3/2.0	1,383 (+6%)	2mo	$253,000	$183	53
949 Granville Rd	0.52mi	3/1.0	1,425 (+9%)	8mo	$197,000	$138	53
7037 Cherbourg Ave N	0.27mi	4/2.0 (+1)	1,152 (-12%)	9mo	$220,000	$191	52
7671 Gordean Rd	0.70mi	4/1.5 (+1)	1,356 (+4%)	6mo	$225,000	$166	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 · 1.73% rent growth · sell at horizon

5-year hold

• IRR: -18.0%
• Equity multiple: 0.38×
• Total profit: $-34,991
• Equity at exit: $29,821

10-year hold

• IRR: -12.8%
• Equity multiple: 0.29×
• Total profit: $-39,681
• Equity at exit: $17,292

Cash invested: $56,000 (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: 318
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,741 high
• Mortgage (P&I): −$1,049
• Tax est. 1.5%: −$250 /mo · $3,000/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $-6

Break-even live

Break-even rent $1,750

Max offer price $199,067

Occupancy floor 95%

Sensitivity live

Price	-10% $132	-5% $63	+0% $-6	+5% $-76	+10% $-145
Rent	-10% $-144	-5% $-75	+0% $-6	+5% $62	+10% $131
Rate	-1.0pp $94	-0.5pp $44	base $-6	+0.5pp $-58	+1.0pp $-111

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6781 Grace Ln Jacksonville, FL	4.0	3.0	1296	$2,300	$1.77	24d	1	0.20mi
909 La Marche Dr Jacksonville, FL	3.0	1.0	1326	$1,600	$1.21	21d	1	0.20mi
7010 Arques Rd Jacksonville, FL	3.0	1.0	1428	$1,595	$1.12	15d	1	0.22mi
7010 Arques Rd Jacksonville, FL	3.0	1.0	1428	$1,595	$1.12	12d	1	0.22mi
734 Bent Baum Rd Jacksonville, FL	3.0	2.5	1725	$1,650	$0.96	24d	1	0.36mi
909 Westgate Dr Jacksonville, FL	3.0	1.5	1051	$1,595	$1.52	5d	1	0.51mi
863 Westgate Dr Jacksonville, FL	3.0	2.0	1287	$1,800	$1.40	18d	1	0.53mi
1116 Palisades Dr Jacksonville, FL	3.0	2.0	1161	$1,550	$1.34	4d	1	0.87mi
214 Santa Barbara Ave Jacksonville, FL	3.0	2.0	1127	$1,308	$1.16	15d	1	0.93mi
5687 Atlee Ave Jacksonville, FL	3.0	1.0	1130	$1,350	$1.19	24d	1	1.06mi
7841 Mariner St Jacksonville, FL	3.0	2.0	1209	$1,625	$1.34	18d	1	1.09mi
7847 Mariner St Jacksonville, FL	3.0	2.0	1209	$1,599	$1.32	24d	1	1.10mi
1465 Manotak Point Dr #105 Jacksonville, FL	2.0	2.0	940	$1,295	$1.38	18d	1	1.17mi
8054 Graff Ln Jacksonville, FL	3.0	2.0	1117	$1,699	$1.52	2d	1	1.21mi
6117 Hollow Ct Key Hollow Jacksonville, FL	3.0	2.0	1044	$1,449	$1.39	8d	1	1.23mi
5710 Lenox Ave Jacksonville, FL	1.0–4.0	1.0–2.0	988	$1,299	$1.31	24d	1	1.23mi
6128 Hollow Ct Key Hollow Jacksonville, FL	3.0	3.0	1492	$1,800	$1.21	24d	1	1.23mi
8054 Paschal St Jacksonville, FL	4.0	1.0	1192	$1,850	$1.55	24d	1	1.27mi
7777 Normandy Blvd Jacksonville, FL	1.0–3.0	1.0–2.0	1040	$1,999	$1.92	4d	19	1.27mi
1570 Lane Ave S Jacksonville, FL	1.0–2.0	1.0–1.5	862	$1,425	$1.65	3d	10	1.27mi
1209 Ellis Rd S Jacksonville, FL	4.0	2.5	1665	$1,698	$1.02	17d	1	1.28mi
1406 Ellis Trace Dr W Jacksonville, FL	2.0	1.5	1028	$1,200	$1.17	17d	1	1.33mi
726 Sailor Grove Ln Jacksonville, FL	4.0	2.5	1554	$1,850	$1.19	4d	1	1.35mi
1485 Fouraker Rd Jacksonville, FL	1.0–3.0	1.0–2.0	947	$1,965	$2.07	3d	55	1.35mi
6161 Park St Jacksonville, FL	3.0	2.0	1209	$1,473	$1.22	17d	1	1.36mi
5671 Ellis Trace Dr Jacksonville, FL	3.0	2.0	1197	$1,595	$1.33	24d	1	1.38mi
5647 Ellis Trace Dr Jacksonville, FL	3.0	2.0	1200	$1,595	$1.33	15d	1	1.40mi
6037 Marsha Dr Jacksonville, FL	3.0	1.0	1296	$1,250	$0.96	15d	1	1.45mi
1289 Neva St Jacksonville, FL	3.0	2.5	1509	$1,585	$1.05	24d	1	1.47mi

Listing history 18 events

1. 2026-06-21
   days on market $200,000 Active 50 DOM
2. 2026-06-18
   days on market $200,000 Active 47 DOM
3. 2026-06-17
   days on market $200,000 Active 46 DOM
4. 2026-06-16
   days on market $200,000 Active 45 DOM
5. 2026-06-15
   days on market $200,000 Active 44 DOM
6. 2026-06-13
   days on market $200,000 Active 41 DOM
7. 2026-06-10
   days on market $200,000 Active 38 DOM
8. 2026-06-08
   days on market $200,000 Active 37 DOM
9. 2026-06-07
   pricedays on market $200,000 Active 36 DOM
10. 2026-06-05
    days on market $215,000 Active 33 DOM
11. 2026-06-03
    days on market $215,000 Active 32 DOM
12. 2026-06-02
    days on market $215,000 Active 31 DOM
13. 2026-06-01
    days on market $215,000 Active 30 DOM
14. 2026-05-31
    days on market $215,000 Active 29 DOM
15. 2026-05-22
    price $215,000
16. 2026-05-09
    price $225,000
17. 2026-05-02
    listed $240,000 Active
18. 2026-05-02
    price $240,000

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 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 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,897
• − Mortgage interest: −$11,203
• − Property taxes: −$3,000
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,672
• − Management: −$1,672
• − Depreciation: −$5,818
• Taxable loss: −$3,468
• Est. tax savings @ 24.0%: +$832
• After-tax cash flow: $755/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 · 12 photos

Good 80/100 Cosmetic rehab

This charming home in Normandy Village is in good condition with a good condition score of 80. It offers a functional layout, natural light, and a spacious backyard. The home is ready for a new owner and can be further enhanced with minor updates to increase 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 Upgrading the kitchen backsplash — A modern backsplash can add value and appeal to potential buyers.
• Both Adding smart home features — Smart home features can increase convenience and appeal to both buyers and renters.
• Both Upgrading the HVAC system — A more efficient HVAC system can improve comfort and reduce energy costs, attracting buyers and renters.
• Both Adding a smart thermostat — A smart thermostat can improve energy efficiency and comfort, attracting buyers and renters.

Renovation cost estimate screening

Value-add ROI direction

• 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 Upgrading the kitchen backsplash — A modern backsplash can add value and appeal to potential buyers. ↑
• Both Adding smart home features — Smart home features can increase convenience and appeal to both buyers and renters. ↑
• Both Upgrading the HVAC system — A more efficient HVAC system can improve comfort and reduce energy costs, attracting buyers and renters. ↑
• Both Adding a smart thermostat — A smart thermostat can improve energy efficiency and comfort, attracting buyers and renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

-10.4% since first listed

4 events — show timeline

• 2026-05-22 Price Changed $215,000 realMLS
• 2026-05-09 Price Changed $225,000 realMLS
• 2026-05-02 Listed $240,000 realMLS
• 2026-05-02 Price Changed $240,000 realMLS