2910 Marshbank Rd · Jacksonville, FL 32224

$199,000

3 bd · 2.0 ba · 1,593 sqft · Manufactured public records · 126 Days on market

Built 1999 8,712 sqft lot ↓ 17% since listing

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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 +27.0/30.0
• DSCR +9.3/10.0
• ARV discount +7.5/15.0
• 1% rule +7.1/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

1999 Mobile/Manufactured Home on a Dead-End Street, No Hoa's, No CDD's Very Private. 3/2 with a Large Primary and a Separate Office inside the Primary Suite, Nice layout. Open Living Space and Large Kitchen. Separate Laundry Room with access to Backyard. Roof 2020. 1 Year Old Water Heater, 7-Year-Old HVAC.

Key facts

• 8,712 sq ft lot
• 2 parking spots
• Built 1999

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Carport (2 spaces); Additional parking
• Utilities: Septic tank; Water connected; Sewer connected; Electricity connected; Cable available
• Home design: Single wide mobile home; One level; Used as a manufactured residential home
• Construction: Vinyl siding
• Exterior features: Shingle roof; City street frontage; Asphalt road access; Lot approximately 0.2 acres

Interior

• Kitchen: Dishwasher; Electric oven; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Kitchen island; Primary bathroom with separate tub and shower
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $199k.

Deal economics

• At list price, monthly cash flow is $557 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $199k).
• Recommended offer: $175k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.7% 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.
• Market conditions: Rents rising (+3.0%/yr); 347 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).
• This rent runs 33% of the median local income ($88k/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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $56k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 126 days — a 12% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $36k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• 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 $175,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 126 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.21% ✓
• Cap rate: 9.65%
• Cash-on-cash: 11.99%
• DSCR: 1.53
• GRM: 6.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.04% rent growth · sell at horizon

5-year hold

• IRR: 1.6%
• Equity multiple: 1.06×
• Total profit: $3,342
• Equity at exit: $29,672

10-year hold

• IRR: 11.2%
• Equity multiple: 1.88×
• Total profit: $49,073
• Equity at exit: $17,206

Cash invested: $55,720 (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 32224

• Home prices YoY: -23.2%
• Rents YoY: 3.0%
• Active inventory: 347
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $2,418 high
• Mortgage (P&I): −$1,044
• Tax from tax record: −$227 /mo · $2,719/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$508
• Net cashflow: $557

Break-even live

Break-even rent $1,713

Max offer price $199,000

Occupancy floor 72%

Sensitivity live

Price	-10% $670	-5% $613	+0% $557	+5% $501	+10% $444
Rent	-10% $366	-5% $461	+0% $557	+5% $652	+10% $748
Rate	-1.0pp $657	-0.5pp $607	base $557	+0.5pp $505	+1.0pp $453

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14089 Lumberton Falls Dr Jacksonville, FL	4.0	2.0	1474	$2,450	$1.66	24d	1	0.30mi
2942 Rockford Falls Dr N Jacksonville, FL	3.0	2.0	1490	$2,100	$1.41	18d	1	0.33mi
14051 Beach Blvd Jacksonville Beach, FL	1.0–2.0	1.0–2.0	1001	$2,410	$2.41	2d	17	0.45mi
2443 Footbridge Ln Jacksonville, FL	3.0	2.0	1450	$3,000	$2.07	5d	1	0.46mi
13793 Herons Landing Way Jacksonville, FL	3.0	2.0	1346	$1,850	$1.37	24d	1	0.91mi
3515 Headland Way Jacksonville, FL	3.0	2.5	1589	$3,200	$2.01	5d	1	0.93mi
3551 San Pablo Rd S Jacksonville, FL	1.0–2.0	1.0–1.5	800	$1,399	$1.75	4d	11	0.94mi
13717 Otway Rd Jacksonville, FL	3.0	2.0	1476	$3,500	$2.37	8d	1	0.95mi
13245 Milhouse Way Jacksonville, FL	3.0	2.0	1683	$2,695	$1.60	5d	1	1.24mi
3875 San Pablo Rd S Jacksonville, FL	2.0–4.0	2.0	1161	$1,449	$1.25	24d	1	1.30mi
2063 Las Brisas Ct Jacksonville, FL	3.0	2.0	1628	$3,095	$1.90	24d	1	1.33mi
2001 Hodges Blvd Jacksonville, FL	1.0–3.0	1.0–2.0	1000	$1,776	$1.78	21d	15	1.40mi

Listing history 15 events

1. 2026-06-15
   statusdays on market $199,000 Pending 126 DOM
2. 2026-06-10
   days on market $199,000 Active Under Contract 121 DOM
3. 2026-06-08
   days on market $199,000 Active Under Contract 120 DOM
4. 2026-06-07
   days on market $199,000 Active Under Contract 119 DOM
5. 2026-06-03
   statusdays on market $199,000 Active Under Contract 115 DOM
6. 2026-06-02
   days on market $199,000 Active 114 DOM
7. 2026-06-01
   days on market $199,000 Active 113 DOM
8. 2026-05-31
   days on market $199,000 Active 112 DOM
9. 2026-03-08
   price $199,000
10. 2026-03-08
    status Active
11. 2026-03-04
    status Pending
12. 2026-02-28
    price $215,000
13. 2026-02-12
    price $225,000
14. 2026-02-05
    listed $235,000 Active
15. 2021-07-07
    soldstatus $240,000

ⓘ 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: $2,719 · $227/mo
• Projected year-2 tax: $2,719 · $227/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 4/10 Moderate FEMA zone X (unshaded) · 21% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,012
• − Mortgage interest: −$11,147
• − Property taxes: −$2,719
• − Insurance: −$995
• − Repairs & maintenance: −$2,321
• − Management: −$2,321
• − Depreciation: −$5,789
• Taxable income: $3,720
• Est. tax owed @ 24.0%: −$893
• After-tax cash flow: $5,790/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): 42,092
• Household income: $88,259
• Rent vs Own: 45.8% rent · 54.2% own
• Severe rent burden: 2511.0

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: White 64% Hispanic / Latino 14% Two or more races 12% Black 9% Asian 7%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Italian 3% Romanian 2% Slovak 2%
• Foreign-born: 15% · Canada, Jamaica, China
• Languages at home: 82% English-only · Spanish 10% Other Indo-European 3% Tagalog/Filipino 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: ▼ -89.64%
• Current HPI: 296.2667
• Rent YoY: ▲ 3.04%
• 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

-17.1% since first listed

7 events — show timeline

• 2026-03-08 Price Changed $199,000 realMLS
• 2026-03-08 Relisted — realMLS
• 2026-03-04 Pending — realMLS
• 2026-02-28 Price Changed $215,000 realMLS
• 2026-02-12 Price Changed $225,000 realMLS
• 2026-02-05 Listed $235,000 realMLS
• 2021-07-07 Sold (Public Records) $240,000 Public Records

Property tax history

+10.8%/yr

Latest (2025): $2,719 · +23.7% YoY. Source: county tax records.