402 W 19th St · Jacksonville, FL 32206

$120,000

3 bd · 2.0 ba · 1,040 sqft · Manufactured public records · 140 Days on market

Built 1989 4,791 sqft lot

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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 +20.7/30.0
• ARV discount +7.5/15.0
• DSCR +6.6/10.0
• 1% rule +5.3/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

PRICED TO SELL. CASH ONLY. Looking for a smart investment opportunity? This property checks all the boxes. 402 W 19th Street sits on a corner lot in a prime location with strong potential for both long term and short term rental use. This home does need some TLC, but it can be used as an income-producing investment right away. Currently operating as an Airbnb, it averages 15+ booked days per month. Located near Downtown Jacksonville, you're just minutes from the Fairgrounds, TIAA Bank Field, and all the dining, events, and growth happening in Springfield. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised th

Key facts

• Corner lot
• 4,791 sq ft lot
• Built 1989

Tags

• CORNER LOT
• HEART OF DOWNTOWN JACKSONVILLE
• MINUTES FROM FAIRGROUNDS
• MINUTES FROM TIAA BANK FIELD

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Off-street parking; On-street parking
• Utilities: Public sewer; Electricity connected; Sewer connected; Water connected
• Home design: Double wide manufactured home; Single-story
• Construction: Wood siding; Metal roof
• Exterior features: Deck; Porch; Chain link fence; Paved road access

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Breakfast bar; Ceiling fan(s); Pantry; Primary bathroom with shower (no tub)
• Laundry & utility: Washer and dryer included; In-unit laundry; Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $120k.

Deal economics

• At list price, monthly cash flow is $162 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.9% 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 flat; 194 active listings in the ZIP; 40 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 38% of the median local income ($39k/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 $830 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 140 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 20y ago; this cycle's ask has dropped $45k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $98k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $105,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 140 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: 1.03% ✓
• Cap rate: 7.91%
• Cash-on-cash: 5.77%
• DSCR: 1.26
• GRM: 8.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.94% rent growth · sell at horizon

5-year hold

• IRR: -9.7%
• Equity multiple: 0.65×
• Total profit: $-11,659
• Equity at exit: $17,892

10-year hold

• IRR: -3.3%
• Equity multiple: 0.80×
• Total profit: $-6,761
• Equity at exit: $10,375

Cash invested: $33,600 (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 32206

• Home prices YoY: -23.7%
• Rents YoY: 0.9%
• Active inventory: 194
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,238 high
• Mortgage (P&I): −$629
• Tax from tax record: −$137 /mo · $1,648/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $162

Break-even live

Break-even rent $1,034

Max offer price $120,000

Occupancy floor 82%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
519 W 19th St Jacksonville, FL	2.0	2.0	1071	$1,095	$1.02	21d	1	0.12mi
519 W 19th St Jacksonville, FL	2.0	2.0	1071	$1,075	$1.00	4d	1	0.12mi
519 W 19th St Unit a Jacksonville, FL	2.0	1.5	1071	$1,095	$1.02	21d	1	0.12mi
519 W 19th St Unit a Jacksonville, FL	2.0	1.5	1071	$1,075	$1.00	13d	1	0.12mi
503 W 16th St Jacksonville, FL	4.0	1.5	1216	$1,420	$1.17	23d	1	0.13mi
522 W 21st St Jacksonville, FL	3.0	2.0	1045	$1,350	$1.29	23d	1	0.17mi
2906 Silver St Unit 01 Jacksonville, FL	2.0	1.0	840	$895	$1.07	23d	1	0.18mi
610 W 18th St Unit 2 Jacksonville, FL	2.0	1.0	750	$825	$1.10	2d	1	0.19mi
610 W 18th St Unit 1 Jacksonville, FL	2.0	1.0	750	$825	$1.10	23d	1	0.19mi
347 W 23rd St Jacksonville, FL	3.0	1.5	1176	$1,112	$0.95	7d	1	0.26mi
204 W 23rd St Jacksonville, FL	3.0	1.0	960	$1,225	$1.28	1d	1	0.28mi
3020 N Laura St Jacksonville, FL	3.0	1.0	1162	$1,300	$1.12	23d	1	0.28mi
134 W 23rd St Jacksonville, FL	2.0	1.0	768	$1,050	$1.37	23d	1	0.31mi
2817 Mars Ave Jacksonville, FL	2.0	1.0	945	$975	$1.03	21d	1	0.33mi
528 W 25th St Jacksonville, FL	2.0	1.0	944	$1,100	$1.17	23d	1	0.33mi
2811 Venus St Jacksonville, FL	2.0	1.0	830	$1,087	$1.31	4d	1	0.37mi
34 W 23rd St Jacksonville, FL	3.0	1.5	962	$1,400	$1.46	23d	1	0.38mi
231 W 10th St Jacksonville, FL	3.0	1.0	1200	$1,500	$1.25	23d	1	0.44mi
2063 N Laura St Jacksonville, FL	2.0	1.0	900	$1,250	$1.39	23d	1	0.46mi
2040 N Laura St Jacksonville, FL	2.0	1.5	1300	$1,498	$1.15	23d	1	0.47mi
3730 Lehigh St Unit 3730 Jacksonville, FL	2.0	1.0	850	$900	$1.06	14d	1	0.49mi
3732 Lehigh St Jacksonville, FL	2.0	1.0	850	$900	$1.06	14d	1	0.49mi
2025 N Laura St Jacksonville, FL	2.0	1.0	1000	$1,195	$1.20	4d	1	0.50mi
154 W 28th St Jacksonville, FL	2.0	2.0	818	$1,138	$1.39	17d	1	0.50mi
118 W 28th St Jacksonville, FL	3.0	2.0	1332	$1,250	$0.94	23d	1	0.52mi
2314 Teal St Jacksonville, FL	2.0	1.0	750	$1,150	$1.53	23d	1	0.52mi
3728 Silver St Jacksonville, FL	2.0	1.0	916	$1,100	$1.20	23d	1	0.53mi
916 W 25th St Jacksonville, FL	2.0	1.0	816	$1,025	$1.26	17d	1	0.56mi
3927 Notter Ave Jacksonville, FL	2.0	1.0	738	$850	$1.15	13d	1	0.60mi
3927 Notter Ave Jacksonville, FL	2.0	1.0	738	$850	$1.15	21d	1	0.60mi
1018 W 23rd St Jacksonville, FL	3.0	2.5	1161	$1,600	$1.38	23d	1	0.60mi
2313 Janette St Jacksonville, FL	4.0	2.0	1148	$1,349	$1.18	16d	1	0.62mi
326 Basswood St Jacksonville, FL	3.0	2.0	1317	$1,550	$1.18	23d	1	0.62mi
3914 Springfield Blvd Jacksonville, FL	2.0	1.0	858	$1,050	$1.22	4d	1	0.63mi
3914 Springfield Blvd Jacksonville, FL	2.0	1.0	858	$1,050	$1.22	23d	1	0.63mi
2324 Moncrief Rd Unit 2324 Jacksonville, FL	2.0	1.0	900	$900	$1.00	23d	1	0.68mi
318 E 19th St Jacksonville, FL	2.0	1.0	1096	$895	$0.82	23d	1	0.68mi
2532 Moncrief Rd Jacksonville, FL	2.0	1.0	700	$900	$1.29	23d	1	0.70mi
1031 W 26th St Jacksonville, FL	3.0	2.0	1261	$1,445	$1.15	23d	1	0.70mi
55 E 9th St Jacksonville, FL	3.0	1.5	1246	$1,675	$1.34	14d	1	0.71mi

Listing history 44 events

1. 2026-06-18
   days on market $120,000 Active 140 DOM
2. 2026-06-17
   days on market $120,000 Active 139 DOM
3. 2026-06-16
   days on market $120,000 Active 138 DOM
4. 2026-06-15
   days on market $120,000 Active 137 DOM
5. 2026-06-10
   days on market $120,000 Active 131 DOM
6. 2026-06-08
   days on market $120,000 Active 130 DOM
7. 2026-06-07
   days on market $120,000 Active 129 DOM
8. 2026-06-03
   days on market $120,000 Active 125 DOM
9. 2026-06-02
   days on market $120,000 Active 124 DOM
10. 2026-06-01
    days on market $120,000 Active 123 DOM
11. 2026-05-31
    days on market $120,000 Active 122 DOM
12. 2026-04-08
    price $120,000
13. 2026-02-20
    status Active
14. 2026-02-20
    price $125,000
15. 2026-02-16
    historical Active Under Contract
16. 2026-02-12
    price $150,000
17. 2026-01-29
    listed $165,000 Active
18. 2024-06-14
    historical
19. 2024-03-14
    listed $135,000 Active
20. 2024-03-06
    historical
21. 2024-02-29
    status Active
22. 2024-02-01
    status Pending
23. 2023-12-09
    status Active
24. 2023-12-07
    status Pending
25. 2023-11-19
    price $137,000
26. 2023-10-16
    price $142,000
27. 2023-10-02
    price $145,000
28. 2023-09-15
    price $150,000
29. 2023-09-06
    listed $160,000 Active
30. 2023-08-26
    historical
31. 2023-08-26
    listed $160,000 Active
32. 2023-08-15
    historical
33. 2023-06-07
    price $165,000
34. 2023-05-19
    price $170,000
35. 2023-04-07
    listed $175,000 Active
36. 2022-12-22
    soldstatus $98,000
37. 2020-08-31
    soldstatus $10,500 Sold
38. 2020-07-03
    status Pending
39. 2020-05-23
    price $15,995
40. 2020-05-01
    listed $19,999 Active
41. 2008-08-02
    historical
42. 2006-11-03
    listed $44,900
43. 1987-11-01
    soldstatus $32,000
44. 1986-11-06
    soldstatus $24,000

ⓘ 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: $1,648 · $137/mo
• Projected year-2 tax: $1,648 · $137/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 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: $14,859
• − Mortgage interest: −$6,722
• − Property taxes: −$1,648
• − Insurance: −$600
• − Repairs & maintenance: −$1,189
• − Management: −$1,189
• − Depreciation: −$3,491
• Taxable income: $20
• Est. tax owed @ 24.0%: −$5
• After-tax cash flow: $1,934/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): 17,105
• Household income: $39,242
• Rent vs Own: 53.7% rent · 46.3% own
• Severe rent burden: 1057.0

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 (65%)
• Race & ethnicity: Black 65% White 22% Two or more races 8% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Italian 2% Romanian 1% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 3% Arabic 1% German/W. Germanic 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: ▼ -64.55%
• Current HPI: 208.1852
• Rent YoY: ▲ 0.94%
• 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

+400.0% since first listed

33 events — show timeline

• 2026-04-08 Price Changed $120,000 realMLS
• 2026-02-20 Relisted — realMLS
• 2026-02-20 Price Changed $125,000 realMLS
• 2026-02-16 Contingent — realMLS
• 2026-02-12 Price Changed $150,000 realMLS
• 2026-01-29 Listed $165,000 realMLS
• 2024-06-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-03-14 Listed $135,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-06 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-02-29 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-02-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-12-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-12-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-11-19 Price Changed $137,000 Stellar MLS as Distributed by MLS Grid
• 2023-10-16 Price Changed $142,000 Stellar MLS as Distributed by MLS Grid
• 2023-10-02 Price Changed $145,000 Stellar MLS as Distributed by MLS Grid
• 2023-09-15 Price Changed $150,000 Stellar MLS as Distributed by MLS Grid
• 2023-09-06 Listed $160,000 Stellar MLS as Distributed by MLS Grid
• 2023-08-26 Listed $160,000 realMLS
• 2023-08-26 Listing Removed — realMLS
• 2023-08-15 Listing Removed — realMLS
• 2023-06-07 Price Changed $165,000 realMLS
• 2023-05-19 Price Changed $170,000 realMLS
• 2023-04-07 Listed $175,000 realMLS
• 2022-12-22 Sold (Public Records) $98,000 Public Records
• 2020-08-31 Sold (MLS) $10,500 realMLS
• 2020-07-03 Pending — realMLS
• 2020-05-23 Price Changed $15,995 realMLS
• 2020-05-01 Listed $19,999 realMLS
• 2008-08-02 Listing Removed — realMLS
• 2006-11-03 Listed $44,900 realMLS
• 1987-11-01 Sold (Public Records) $32,000 Public Records
• 1986-11-06 Sold (Public Records) $24,000 Public Records

Property tax history

+78.8%/yr

Latest (2025): $1,648 · +21.4% YoY. Source: county tax records.