9071 3rd Ave · Jacksonville, FL 32208

$124,900

3 bd · 1.0 ba · 850 sqft · SingleFamily public records · 91 Days on market

Built 1966 4,791 sqft lot Est $91k · 37% over

---

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 +20.1/30.0
• DSCR +6.4/10.0
• 1% rule +6.2/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for a great rental? Nestled in north Jacksonville, this home is minutes to I-95, downtown, and airport. This low maintenance rental is perfect for any new or seasoned investor looking to add to their portfolio. Tenant occupied until may 2022. 11% cap.

Key facts

• Large driveway
• Private backyard
• Major updates

Tags

• PRIVATE BACKYARD
• LARGE DRIVEWAY
• MAJOR UPDATES

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Off-street parking
• Utilities: Septic tank; Cable available; Electricity connected; Water connected
• Home design: Single-family residence; Used as a single-family home
• Exterior features: Lot of about 0.11 acres

Interior

• Kitchen: Dishwasher; Electric oven; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom
• Interior features: Central heating; Central air conditioning

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $156 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $114k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.8% 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.
• Market conditions: Rents soft (-1.4%/yr); 291 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).
• This rent runs 41% of the median local income ($41k/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 $864 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 91 days — a 9% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 8y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: moderate 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 $113,659 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.12% ✓
• Cap rate: 7.79%
• Cash-on-cash: 5.35%
• DSCR: 1.24
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $90,950
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9135 5th Ave	0.12mi	3/1.0	896 (+5%)	1mo	$80,500	$90	84
9152 6th Ave	0.19mi	2/1.0 (-1)	792 (-7%)	4mo	$119,000	$150	71
9058 Jefferson Ave	0.26mi	3/1.0	936 (+10%)	0mo	$94,250	$101	71
8974 Jackson Ave	0.42mi	2/1.0 (-1)	808 (-5%)	2mo	$69,000	$85	65
9043 8th Ave	0.24mi	3/1.0	952 (+12%)	10mo	$111,500	$117	60
9346 10th Ave	0.47mi	2/1.0 (-1)	864 (+2%)	12mo	$124,000	$144	60
9230 4th Ave	0.19mi	2/1.0 (-1)	752 (-12%)	12mo	$36,000	$48	57
2140 Jayson Ave	0.55mi	3/1.0	768 (-10%)	3mo	$82,000	$107	56
8728 1st Ave	0.41mi	3/1.0	972 (+14%)	9mo	$35,000	$36	49
8726 4th Ave	0.38mi	2/1.0 (-1)	952 (+12%)	10mo	$85,000	$89	48
9703 Campus Ave	0.67mi	3/2.0	760 (-11%)	6mo	$90,000	$118	42
9742 Highland Ave N	0.67mi	3/2.0	960 (+13%)	9mo	$110,000	$115	36

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -11.7%
• Equity multiple: 0.59×
• Total profit: $-14,320
• Equity at exit: $18,623

10-year hold

• IRR: -8.1%
• Equity multiple: 0.57×
• Total profit: $-15,184
• Equity at exit: $10,799

Cash invested: $34,972 (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 32208

• Home prices YoY: -33.6%
• Rents YoY: -1.4%
• Active inventory: 291
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,395 high
• Mortgage (P&I): −$655
• Tax from tax record: −$239 /mo · $2,870/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $156

Break-even live

Break-even rent $1,198

Max offer price $124,900

Occupancy floor 84%

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9017 6th Ave Jacksonville, FL	2.0	1.0	1038	$1,098	$1.06	23d	1	0.16mi
9050 7th Ave Jacksonville, FL	3.0	1.0	896	$1,485	$1.66	23d	1	0.23mi
9131 Jefferson Ave Jacksonville, FL	3.0	1.0	910	$1,350	$1.48	4d	1	0.30mi
9248 9th Ave Jacksonville, FL	2.0	1.0	646	$995	$1.54	23d	1	0.40mi
8663 5th Ave Jacksonville, FL	2.0	1.0	720	$1,045	$1.45	23d	1	0.44mi
8642 2nd Ave Jacksonville, FL	3.0	2.0	1074	$1,245	$1.16	1d	1	0.47mi
9346 10th Ave Jacksonville, FL	3.0	1.0	985	$1,825	$1.85	23d	1	0.50mi
8617 3rd Ave Jacksonville, FL	3.0	1.0	1048	$1,200	$1.15	10d	1	0.51mi
2389 Hilly Rd Jacksonville, FL	3.0	1.0	908	$1,650	$1.82	23d	1	0.64mi
1975 Rugby Rd Jacksonville, FL	2.0	1.0	992	$1,100	$1.11	7d	1	0.83mi
8253 Lexington Dr Jacksonville, FL	3.0	1.0	910	$1,330	$1.46	23d	1	0.98mi
7927 Reid Ave Jacksonville, FL	3.0	1.0	1055	$1,500	$1.42	23d	1	1.02mi
912 Saratoga Blvd Jacksonville, FL	3.0	1.0	930	$1,250	$1.34	23d	1	1.03mi
2534 Aubrey Ave Jacksonville, FL	4.0	2.0	759	$1,250	$1.65	23d	1	1.15mi
2312 Palmdale St Jacksonville, FL	3.0	2.0	972	$1,231	$1.27	23d	1	1.16mi
1000 Island Point Dr Jacksonville, FL	1.0–3.0	1.0–2.0	949	$1,684	$1.77	2d	9	1.27mi
10535 Lem Turner Rd Jacksonville, FL	1.0–4.0	1.0–2.0	1012	$1,562	$1.54	3d	40	1.46mi

Listing history 33 events

1. 2026-06-18
   days on market $124,900 Active 91 DOM
2. 2026-06-17
   days on market $124,900 Active 90 DOM
3. 2026-06-16
   days on market $124,900 Active 89 DOM
4. 2026-06-15
   days on market $124,900 Active 88 DOM
5. 2026-06-13
   days on market $124,900 Active 85 DOM
6. 2026-06-10
   days on market $124,900 Active 82 DOM
7. 2026-06-08
   days on market $124,900 Active 81 DOM
8. 2026-06-07
   days on market $124,900 Active 80 DOM
9. 2026-06-03
   days on market $124,900 Active 76 DOM
10. 2026-06-02
    days on market $124,900 Active 75 DOM
11. 2026-06-01
    days on market $124,900 Active 74 DOM
12. 2026-05-31
    days on market $124,900 Active 73 DOM
13. 2026-05-19
    price $124,900
14. 2026-04-04
    status Active
15. 2026-03-21
    historical Active Under Contract
16. 2026-03-18
    listed $125,000 Active
17. 2021-08-24
    soldstatus $120,000
18. 2021-08-11
    soldstatus $125,000 Sold 260-char remark

    Show marketing remark (260 chars)

    Looking for a great rental? Nestled in north Jacksonville, this home is minutes to I-95, downtown, and airport. This low maintenance rental is perfect for any new or seasoned investor looking to add to their portfolio. Tenant occupied until may 2022. 11% cap.

19. 2021-06-29
    status Pending 260-char remark

    Show marketing remark (260 chars)

    Looking for a great rental? Nestled in north Jacksonville, this home is minutes to I-95, downtown, and airport. This low maintenance rental is perfect for any new or seasoned investor looking to add to their portfolio. Tenant occupied until may 2022. 11% cap.

20. 2021-06-21
    listed $125,000 95-char remark

    Show marketing remark (260 chars)

    Looking for a great rental? Nestled in north Jacksonville, this home is minutes to I-95, downtown, and airport. This low maintenance rental is perfect for any new or seasoned investor looking to add to their portfolio. Tenant occupied until may 2022. 11% cap.

21. 2021-06-21
    historical 95-char remark

    Show marketing remark (260 chars)

    Looking for a great rental? Nestled in north Jacksonville, this home is minutes to I-95, downtown, and airport. This low maintenance rental is perfect for any new or seasoned investor looking to add to their portfolio. Tenant occupied until may 2022. 11% cap.

22. 2021-06-21
    listed $125,000 Active 260-char remark

    Show marketing remark (260 chars)

    Looking for a great rental? Nestled in north Jacksonville, this home is minutes to I-95, downtown, and airport. This low maintenance rental is perfect for any new or seasoned investor looking to add to their portfolio. Tenant occupied until may 2022. 11% cap.

23. 2019-05-14
    soldstatus $88,000
24. 2019-05-08
    soldstatus $88,000 Sold
25. 2019-04-17
    status Pending
26. 2019-03-14
    price $89,500
27. 2019-01-05
    price $95,000
28. 2018-09-24
    listed $97,000 Active
29. 2018-06-08
    soldstatus $34,500
30. 2018-06-06
    soldstatus $34,500 Sold
31. 2018-05-25
    status Pending
32. 2018-05-23
    listed $38,900 Active
33. 1987-04-01
    soldstatus $28,500

ⓘ 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: $2,870 · $239/mo
• Projected year-2 tax: $2,870 · $239/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 5/10 Major FEMA zone X (unshaded) · 26% 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 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,742
• − Mortgage interest: −$6,996
• − Property taxes: −$2,870
• − Insurance: −$624
• − Repairs & maintenance: −$1,339
• − Management: −$1,339
• − Depreciation: −$3,633
• Taxable loss: −$61
• Est. tax savings @ 24.0%: +$15
• After-tax cash flow: $1,887/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): 32,699
• Household income: $41,324
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 1765.0

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: Predominantly Black (77%)
• Race & ethnicity: Black 77% White 16% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -110.56%
• Current HPI: 217.9706
• Rent YoY: ▼ -1.36%
• 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

+338.2% since first listed

21 events — show timeline

• 2026-05-19 Price Changed $124,900 realMLS
• 2026-04-04 Relisted — realMLS
• 2026-03-21 Contingent — realMLS
• 2026-03-18 Listed $125,000 realMLS
• 2021-08-24 Sold (Public Records) $120,000 Public Records
• 2021-08-11 Sold (MLS) $125,000 realMLS
• 2021-06-29 Pending — realMLS
• 2021-06-21 Listed $125,000 realMLS
• 2021-06-21 Listing Removed — realMLS
• 2021-06-21 Listed $125,000 realMLS
• 2019-05-14 Sold (Public Records) $88,000 Public Records
• 2019-05-08 Sold (MLS) $88,000 realMLS
• 2019-04-17 Pending — realMLS
• 2019-03-14 Price Changed $89,500 realMLS
• 2019-01-05 Price Changed $95,000 realMLS
• 2018-09-24 Listed $97,000 realMLS
• 2018-06-08 Sold (Public Records) $34,500 Public Records
• 2018-06-06 Sold (MLS) $34,500 realMLS
• 2018-05-25 Pending — realMLS
• 2018-05-23 Listed $38,900 realMLS
• 1987-04-01 Sold (Public Records) $28,500 Public Records

Property tax history

+22.4%/yr

Latest (2025): $2,870 · +12.4% YoY. Source: county tax records.