1984 W 3rd St · Jacksonville, FL 32209

$109,000

3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 72 Days on market

Built 1968 4,791 sqft lot Est $86k · 26% over

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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 +22.8/30.0
• DSCR +7.3/10.0
• 1% rule +6.0/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

FIXER OPPORTUNITY! Come see this lovely 3/1 block fixer-upper in North Jacksonville, tons of potential with just a bit of TLC. Property features fenced yard, long driveway, traditional layout, washer/dryer hookups and more. Sold as-is where-is. Cash or hard money only.

Key facts

• Separate family room
• 4,791 sq ft lot
• Built 1968

Tags

• RENOVATED CONCRETE BLOCK HOME
• SEPARATE FAMILY ROOM
• DEDICATED DINING AREA
• LOW MAINTENANCE PROPERTY

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Carport
• Utilities: Public sewer; Electricity connected; Water connected; Cable available
• Home design: Single-family residence; Residential single-family use
• Exterior features: No private pool; Lot approximately 0.11 acres

Interior

• Kitchen: Electric range
• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Heat pump; Central air
• Interior features: Electric water heater; Heat pump heating; Central air conditioning

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $109k.

Deal economics

• At list price, monthly cash flow is $189 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $109k).
• Recommended offer: $102k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.4% 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 rising (+1.8%/yr); 394 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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).
• At $1,201/mo this rent would consume 47% of the median local household income ($31k/yr) (locally 2921% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $754 of loan paydown is wiped out by about $3k 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 72 days — a 6% lower offer ($102k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $21k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $58k; list at $109k implies a 88% gain — meaningful room to come down on a strong offer.

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 $102,460 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — 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: 1.10% ✓
• Cap rate: 8.37%
• Cash-on-cash: 7.42%
• DSCR: 1.33
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $86,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2202 W 1st St	0.38mi	3/1.0	988 (+3%)	2mo	$56,900	$58	76
1725 Seminary St	0.40mi	3/1.0	996 (+4%)	3mo	$88,000	$88	73
1116 Fairfax St	0.40mi	3/1.0	1,000 (+4%)	2mo	$173,017	$173	73
2067 Woodside St	0.37mi	3/1.0	1,013 (+6%)	1mo	$34,900	$34	73
2081 Baldwin St	0.42mi	3/1.0	915 (-5%)	2mo	$47,000	$51	71
2108 Yulee St	0.39mi	3/1.0	873 (-9%)	0mo	$117,000	$134	67
1831 Broadway Ave	0.37mi	3/2.0	1,050 (+9%)	3mo	$95,000	$90	61
2009 Almeda St	0.59mi	3/1.0	889 (-7%)	2mo	$43,000	$48	59
1550 W 2nd St	0.72mi	3/2.0	972 (+1%)	2mo	$123,500	$127	58
2231 Placeda St	0.42mi	2/1.0 (-1)	1,081 (+13%)	2mo	$26,000	$24	53
760 Westbrook Rd	0.74mi	2/1.0 (-1)	898 (-6%)	2mo	$101,150	$113	48
2229 W 12th St	0.71mi	3/2.0	1,100 (+15%)	1mo	$135,000	$123	37

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 · 1.81% rent growth · sell at horizon

5-year hold

• IRR: -6.3%
• Equity multiple: 0.77×
• Total profit: $-7,043
• Equity at exit: $16,252

10-year hold

• IRR: 1.8%
• Equity multiple: 1.12×
• Total profit: $3,740
• Equity at exit: $9,424

Cash invested: $30,520 (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 32209

• Home prices YoY: -22.1%
• Rents YoY: 1.8%
• Active inventory: 394
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,201 high
• Mortgage (P&I): −$572
• Tax from tax record: −$143 /mo · $1,714/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $189

Break-even live

Break-even rent $962

Max offer price $109,000

Occupancy floor 79%

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: $27,250
• Closing costs: $3,270
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2011 W 5th St Jacksonville, FL	3.0	1.0	988	$1,150	$1.16	24d	1	0.15mi
1911 W 3rd St Jacksonville, FL	3.0	1.0	912	$1,050	$1.15	4d	1	0.23mi
1934 W 6th St Jacksonville, FL	3.0	1.0	948	$1,125	$1.19	24d	1	0.24mi
1979 Yulee St Jacksonville, FL	3.0	2.0	1050	$1,500	$1.43	24d	1	0.27mi
1866 W 6th St Jacksonville, FL	3.0	1.0	1064	$1,120	$1.05	4d	1	0.32mi
2154 Placeda St Jacksonville, FL	4.0	1.5	1124	$1,500	$1.33	21d	1	0.32mi
1319 Woods St Jacksonville, FL	3.0	2.0	1103	$1,221	$1.11	24d	1	0.33mi
1721 Campus St Jacksonville, FL	3.0	2.0	909	$1,400	$1.54	24d	1	0.34mi
2128 Woodside St Jacksonville, FL	2.0	1.0	776	$895	$1.15	24d	1	0.41mi
1751 Broadway Ave Jacksonville, FL	2.0	1.0	1000	$1,525	$1.52	4d	1	0.43mi
1783 W 3rd St Jacksonville, FL	3.0	1.0	816	$650	$0.80	24d	1	0.47mi
1788 W 5th St Jacksonville, FL	3.0	2.0	948	$1,295	$1.37	24d	1	0.48mi
1213 Moat St Jacksonville, FL	2.0	2.5	1022	$1,283	$1.26	17d	1	0.48mi
2008 Palafox St Jacksonville, FL	2.0	1.0	750	$950	$1.27	21d	1	0.49mi
2012 Palafox St Jacksonville, FL	2.0	1.0	750	$950	$1.27	20d	1	0.49mi
1934 Ella St Jacksonville, FL	3.0	1.0	1045	$1,095	$1.05	20d	1	0.52mi
2325 Westbrook Cir N Jacksonville, FL	3.0	2.0	812	$1,200	$1.48	24d	1	0.53mi
1776 Spires Ave Unit 2 Jacksonville, FL	2.0	1.0	800	$1,125	$1.41	4d	1	0.55mi
1710 W 2nd St Unit A Jacksonville, FL	2.0	1.0	939	$800	$0.85	24d	1	0.56mi
2002 Palafox St Jacksonville, FL	2.0	1.0	750	$950	$1.27	21d	2	0.58mi
2004 Palafox St Jacksonville, FL	2.0	1.0	750	$950	$1.27	21d	1	0.58mi
2000 Palafox St Jacksonville, FL	2.0	1.0	750	$950	$1.27	24d	1	0.58mi
2020 Palafox St Jacksonville, FL	2.0	1.0	750	$950	$1.27	24d	1	0.59mi
2036 W 11th St Jacksonville, FL	2.0	2.5	698	$1,250	$1.79	21d	1	0.60mi
2016 McMillan St Jacksonville, FL	2.0	1.0	812	$650	$0.80	24d	1	0.60mi
1649 State St W Jacksonville, FL	2.0	1.0	540	$780	$1.44	24d	1	0.61mi
2100 Palafox St Jacksonville, FL	2.0	1.0	750	$975	$1.30	24d	1	0.62mi
1729 Logan St W Unit 3 Jacksonville, FL	2.0	1.0	694	$850	$1.22	24d	1	0.62mi
1657 Union St W Unit 1 Jacksonville, FL	2.0	1.0	700	$1,050	$1.50	2d	1	0.64mi
1651 Union St W Jacksonville, FL	2.0	1.0	675	$900	$1.33	24d	1	0.64mi
1640 W 4th St Unit 1 Jacksonville, FL	4.0	2.0	1119	$1,675	$1.50	20d	1	0.64mi
2134 Danson St Jacksonville, FL	3.0	1.5	1080	$995	$0.92	4d	1	0.64mi
2134 Danson St Jacksonville, FL	3.0	1.5	1080	$995	$0.92	3d	1	0.64mi
2116 McMillan St Jacksonville, FL	3.0	1.5	1120	$1,425	$1.27	21d	1	0.65mi
2210 Pullman Ave Jacksonville, FL	3.0	1.0	940	$1,050	$1.12	3d	1	0.72mi
1923 Fairfax St Jacksonville, FL	2.0	1.0	616	$835	$1.36	14d	1	0.72mi
1539 Union St W Jacksonville, FL	3.0	1.5	1000	$1,144	$1.14	13d	1	0.73mi
844 Tyler St Unit 1 Jacksonville, FL	2.0	1.0	800	$900	$1.12	7d	1	0.77mi
2169 W 14th St Jacksonville, FL	3.0	1.0	972	$1,200	$1.23	3d	1	0.78mi
2040 W 15th St Jacksonville, FL	2.0	1.0	1036	$1,050	$1.01	24d	1	0.79mi

Listing history 21 events

1. 2026-06-18
   days on market $109,000 Active 72 DOM
2. 2026-06-17
   days on market $109,000 Active 71 DOM
3. 2026-06-16
   days on market $109,000 Active 70 DOM
4. 2026-06-15
   days on market $109,000 Active 69 DOM
5. 2026-06-13
   days on market $109,000 Active 66 DOM
6. 2026-06-10
   days on market $109,000 Active 63 DOM
7. 2026-06-08
   days on market $109,000 Active 62 DOM
8. 2026-06-07
   pricedays on market $109,000 Active 61 DOM
9. 2026-06-05
   days on market $113,000 Active 58 DOM
10. 2026-06-03
    days on market $113,000 Active 57 DOM
11. 2026-06-02
    days on market $113,000 Active 56 DOM
12. 2026-06-01
    days on market $113,000 Active 55 DOM
13. 2026-05-31
    days on market $113,000 Active 54 DOM
14. 2026-05-19
    price $113,000
15. 2026-05-11
    price $119,000
16. 2026-04-27
    price $125,000
17. 2026-04-03
    listed $130,000 Active
18. 2026-03-19
    soldstatus $58,000 Closed 269-char remark

    Show marketing remark (269 chars)

    FIXER OPPORTUNITY! Come see this lovely 3/1 block fixer-upper in North Jacksonville, tons of potential with just a bit of TLC. Property features fenced yard, long driveway, traditional layout, washer/dryer hookups and more. Sold as-is where-is. Cash or hard money only.

19. 2026-03-16
    historical Active Under Contract 269-char remark

    Show marketing remark (269 chars)

    FIXER OPPORTUNITY! Come see this lovely 3/1 block fixer-upper in North Jacksonville, tons of potential with just a bit of TLC. Property features fenced yard, long driveway, traditional layout, washer/dryer hookups and more. Sold as-is where-is. Cash or hard money only.

20. 2026-03-10
    price $69,900 269-char remark

    Show marketing remark (269 chars)

    FIXER OPPORTUNITY! Come see this lovely 3/1 block fixer-upper in North Jacksonville, tons of potential with just a bit of TLC. Property features fenced yard, long driveway, traditional layout, washer/dryer hookups and more. Sold as-is where-is. Cash or hard money only.

21. 2026-03-03
    listed $74,750 Active 269-char remark

    Show marketing remark (269 chars)

    FIXER OPPORTUNITY! Come see this lovely 3/1 block fixer-upper in North Jacksonville, tons of potential with just a bit of TLC. Property features fenced yard, long driveway, traditional layout, washer/dryer hookups and more. Sold as-is where-is. Cash or hard money only.

ⓘ 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: $1,714 · $143/mo
• Projected year-2 tax: $1,714 · $143/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 5/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,409
• − Mortgage interest: −$6,106
• − Property taxes: −$1,714
• − Insurance: −$545
• − Repairs & maintenance: −$1,153
• − Management: −$1,153
• − Depreciation: −$3,171
• Taxable income: $568
• Est. tax owed @ 24.0%: −$136
• After-tax cash flow: $2,128/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): 34,657
• Household income: $30,514
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 2921.0

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 (88%)
• Race & ethnicity: Black 88% White 5% Hispanic / Latino 5% Two or more races 2%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Hispanic 1% Romanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4% 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: ▼ -53.92%
• Current HPI: 189.5977
• Rent YoY: ▲ 1.81%
• 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

+51.2% since first listed

8 events — show timeline

• 2026-05-19 Price Changed $113,000 realMLS
• 2026-05-11 Price Changed $119,000 realMLS
• 2026-04-27 Price Changed $125,000 realMLS
• 2026-04-03 Listed $130,000 realMLS
• 2026-03-19 Sold (MLS) $58,000 realMLS
• 2026-03-16 Contingent — realMLS
• 2026-03-10 Price Changed $69,900 realMLS
• 2026-03-03 Listed $74,750 realMLS

Property tax history

+22.7%/yr

Latest (2025): $1,714 · +21.9% YoY. Source: county tax records.