1202 W 32nd St · Jacksonville, FL 32209

$87,500

4 bd · 1.0 ba · 1,056 sqft · SingleFamily public records · 186 Days on market

Built 1979 4,791 sqft lot Est $161k · 45% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

SELLER ACQUIRED PROPERTY THROUGH FORECLOSURE. SELLER AND AGENT MAKE NO REPRESENTATIONS OR WARRANTIES, UNAWARE OF ANY DEFECTS OR LEAD BASED PAINTS. BEING SOLD ''AS IS''. ALL INFO TO BE VERIFIED BY BUYER. SPECIAL BANK ADDENDUMS ARE REQUIRED. PROOF OF FUNDS OR PRE-APPROVAL LETTER IS REQUIRED.

Key facts

• 2018 roof
• Plenty of yard space
• Functional layout

Tags

• 2018 ROOF
• FUNCTIONAL LAYOUT
• PLENTY OF YARD SPACE

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: Single family residence; One story; Entry level: 1
• Construction: Aluminum siding; Frame construction; Vinyl siding; Shingle roof
• Exterior features: Front porch; City street frontage; Asphalt road surface

Interior

• Kitchen: No appliances included
• Bedrooms: 4 bedrooms (all on one level)
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air; Wall/window air conditioning units; Electric cooling
• Interior features: Eat-in kitchen; Primary bathroom with tub and shower
• Laundry & utility: Washer hookup in unit; Electric dryer hookup in unit

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $88k.

Deal economics

• At list price, monthly cash flow is $489 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $88k).
• Recommended offer: $77k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.0% 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 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).
• At $1,413/mo this rent would consume 56% 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 $605 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.
• At projected returns (-3.0% appreciation + 1.8% rent growth), your $24k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 186 days — a 12% lower offer ($77k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 17y 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: 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 $77,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 186 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — 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. 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.
7. 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.
8. 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: 1.62% ✓
• Cap rate: 13.00%
• Cash-on-cash: 23.94%
• DSCR: 2.07
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $160,512
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3410 N Lee St	0.43mi	3/1.0 (-1)	1,056 (0%)	3mo	$100,000	$95	73
1204 W 29th St	0.14mi	3/1.0 (-1)	960 (-9%)	2mo	$50,000	$52	71
1323 W 30th St	0.20mi	3/1.0 (-1)	962 (-9%)	1mo	$115,000	$120	70
1596 W 30th St	0.56mi	3/2.0 (-1)	1,052 (-0%)	4mo	$180,017	$171	61
1004 W 26th St	0.38mi	3/1.0 (-1)	936 (-11%)	2mo	$102,500	$110	57
705 Oak Arbor Cir	0.63mi	3/2.0 (-1)	1,094 (+4%)	1mo	$160,000	$146	55
1520 W 27th St	0.50mi	3/2.0 (-1)	1,112 (+5%)	6mo	$188,017	$169	53
1404 W 18th St	0.72mi	3/1.0 (-1)	1,120 (+6%)	2mo	$80,000	$71	50
1636 W 34th St W	0.63mi	4/2.0	1,169 (+11%)	3mo	$190,000	$163	47
1485 W 22nd St	0.59mi	3/2.0 (-1)	1,152 (+9%)	5mo	$195,017	$169	44
1617 W 23rd St	0.71mi	4/2.0	1,148 (+9%)	5mo	$175,000	$152	44
1058 W 17th St	0.74mi	3/2.0 (-1)	1,182 (+12%)	3mo	$200,000	$169	34

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: 15.8%
• Equity multiple: 1.63×
• Total profit: $15,313
• Equity at exit: $13,047

10-year hold

• IRR: 23.5%
• Equity multiple: 2.91×
• Total profit: $46,861
• Equity at exit: $7,565

Cash invested: $24,500 (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: 5.2×

Monthly cashflow live

• Estimated rent: $1,413 high
• Mortgage (P&I): −$459
• Tax from tax record: −$132 /mo · $1,589/yr
• Insurance: −$36
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $489

Break-even live

Break-even rent $795

Max offer price $87,500

Occupancy floor 60%

Sensitivity live

Price	-10% $538	-5% $514	+0% $489	+5% $464	+10% $439
Rent	-10% $377	-5% $433	+0% $489	+5% $545	+10% $600
Rate	-1.0pp $533	-0.5pp $511	base $489	+0.5pp $466	+1.0pp $443

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: $21,875
• Closing costs: $2,625
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1149 W 28th St Jacksonville, FL	4.0	2.0	1344	$1,302	$0.97	24d	1	0.17mi
1220 W 28th St Jacksonville, FL	3.0	1.0	1122	$1,299	$1.16	24d	1	0.18mi
1201 W 27th St Jacksonville, FL	3.0	2.0	1120	$1,145	$1.02	24d	1	0.20mi
1288 W 28th St Jacksonville, FL	4.0	1.5	1449	$1,267	$0.87	14d	1	0.20mi
1173 W 27th St Jacksonville, FL	3.0	1.0	1080	$1,145	$1.06	14d	1	0.21mi
1407 W 31st St Jacksonville, FL	3.0	3.5	1140	$1,550	$1.36	24d	1	0.23mi
1417 W 31st St Jacksonville, FL	3.0	1.0	880	$1,100	$1.25	2d	1	0.24mi
1031 W 26th St Jacksonville, FL	3.0	2.0	1261	$1,445	$1.15	24d	1	0.34mi
1490 W 33rd St Jacksonville, FL	4.0	1.5	1150	$1,150	$1.00	24d	1	0.38mi
1029 W 25th St Unit 1 Jacksonville, FL	5.0	2.0	1410	$2,200	$1.56	24d	1	0.38mi
1029 W 25th St Jacksonville, FL	5.0	2.0	800	$2,200	$2.75	11d	1	0.38mi
1025 W 25th St Unit 1 Jacksonville, FL	5.0	2.0	1500	$2,000	$1.33	24d	1	0.38mi
1530 W 29th St Jacksonville, FL	3.0	2.0	1164	$1,385	$1.19	24d	1	0.44mi
1018 W 23rd St Jacksonville, FL	3.0	2.5	1161	$1,600	$1.38	24d	1	0.49mi
1587 W 30th St Jacksonville, FL	3.0	1.0	1363	$1,450	$1.06	15d	1	0.52mi
1431 W 21st St Jacksonville, FL	3.0	2.0	1199	$1,425	$1.19	15d	1	0.56mi
1410 W 20th St Jacksonville, FL	3.0	2.0	1170	$1,485	$1.27	14d	1	0.61mi
1348 Crestwood St Jacksonville, FL	3.0	1.0	1300	$1,100	$0.85	24d	1	0.61mi
2904 Moncrief Rd Jacksonville, FL	3.0	1.0	952	$1,100	$1.16	24d	1	0.62mi
1636 W 28th St Jacksonville, FL	3.0	2.0	912	$1,375	$1.51	24d	1	0.62mi
4813 Moncrief Rd Jacksonville, FL	2.0–3.0	1.0	755	$920	$1.22	3d	8	0.63mi
1609 W 24th St Jacksonville, FL	3.0	2.0	1169	$1,223	$1.05	22d	1	0.66mi
666 Basswood St Jacksonville, FL	3.0	1.0	1002	$1,400	$1.40	24d	1	0.68mi
4721 E Castlewood Dr Jacksonville, FL	3.0	1.0	1008	$1,250	$1.24	24d	1	0.70mi
1737 W 28th St Jacksonville, FL	3.0	1.0	1105	$700	$0.63	24d	1	0.72mi
1645 W 23rd St Unit 2 Jacksonville, FL	3.0	1.0	912	$1,275	$1.40	24d	1	0.72mi
1708 W 24th St Jacksonville, FL	3.0	2.0	1428	$1,250	$0.88	8d	1	0.76mi
1712 W 23rd St Jacksonville, FL	3.0	2.0	1200	$1,275	$1.06	24d	1	0.79mi
1839 W 30th St Jacksonville, FL	3.0	1.0	828	$1,050	$1.27	24d	1	0.81mi
1837 W 28th St Jacksonville, FL	3.0	2.0	1333	$1,600	$1.20	24d	1	0.82mi
1830 W 27th St Jacksonville, FL	3.0	2.0	952	$1,375	$1.44	24d	1	0.83mi
1863 W 29th St Jacksonville, FL	3.0	2.0	956	$1,190	$1.24	22d	1	0.85mi
643 Linwood Ave Jacksonville, FL	3.0	2.0	1232	$1,325	$1.08	3d	1	0.85mi
1842 W 26th St Jacksonville, FL	3.0	2.0	933	$1,200	$1.29	24d	1	0.86mi
1525 W 15th St Jacksonville, FL	3.0	1.0	1100	$1,245	$1.13	24d	1	0.86mi
522 W 21st St Jacksonville, FL	3.0	2.0	1045	$1,350	$1.29	24d	1	0.87mi
2313 Janette St Jacksonville, FL	4.0	2.0	1148	$1,349	$1.18	17d	1	0.89mi
1730 W 19th St Jacksonville, FL	3.0	2.0	1323	$1,100	$0.83	2d	1	0.92mi
5350 Dodge Rd Jacksonville, FL	3.0	1.0	1000	$1,500	$1.50	24d	1	0.93mi
5352 Dodge Rd Jacksonville, FL	3.0	2.0	1050	$1,261	$1.20	24d	1	0.94mi

Listing history 31 events

1. 2026-06-18
   days on market $87,500 Active 186 DOM
2. 2026-06-17
   days on market $87,500 Active 185 DOM
3. 2026-06-16
   days on market $87,500 Active 184 DOM
4. 2026-06-15
   statusdays on market $87,500 Active 183 DOM
5. 2026-06-10
   days on market $87,500 Active Under Contract 177 DOM
6. 2026-06-08
   days on market $87,500 Active Under Contract 176 DOM
7. 2026-06-08
   statusdays on market $87,500 Active Under Contract 175 DOM
8. 2026-06-03
   days on market $87,500 Active 171 DOM
9. 2026-06-02
   days on market $87,500 Active 170 DOM
10. 2026-06-01
    days on market $87,500 Active 169 DOM
11. 2026-05-31
    days on market $87,500 Active 168 DOM
12. 2026-05-14
    price $87,500
13. 2026-05-06
    price $90,000
14. 2026-04-23
    price $95,000
15. 2026-04-15
    price $100,000
16. 2026-04-08
    price $105,000
17. 2026-03-27
    price $110,000
18. 2026-03-19
    price $112,500
19. 2026-03-12
    price $115,000
20. 2026-02-26
    status Active
21. 2026-02-03
    price $120,000
22. 2026-02-03
    historical
23. 2026-01-14
    price $80,000
24. 2026-01-06
    price $84,000
25. 2025-12-09
    price $85,000
26. 2025-12-04
    price $87,500
27. 2025-11-21
    listed $90,000 Active
28. 2025-10-10
    soldstatus $338,200
29. 2009-07-14
    historical 290-char remark

    Show marketing remark (290 chars)

    SELLER ACQUIRED PROPERTY THROUGH FORECLOSURE. SELLER AND AGENT MAKE NO REPRESENTATIONS OR WARRANTIES, UNAWARE OF ANY DEFECTS OR LEAD BASED PAINTS. BEING SOLD ''AS IS''. ALL INFO TO BE VERIFIED BY BUYER. SPECIAL BANK ADDENDUMS ARE REQUIRED. PROOF OF FUNDS OR PRE-APPROVAL LETTER IS REQUIRED.

30. 2009-02-25
    listed $21,950 290-char remark

    Show marketing remark (290 chars)

    SELLER ACQUIRED PROPERTY THROUGH FORECLOSURE. SELLER AND AGENT MAKE NO REPRESENTATIONS OR WARRANTIES, UNAWARE OF ANY DEFECTS OR LEAD BASED PAINTS. BEING SOLD ''AS IS''. ALL INFO TO BE VERIFIED BY BUYER. SPECIAL BANK ADDENDUMS ARE REQUIRED. PROOF OF FUNDS OR PRE-APPROVAL LETTER IS REQUIRED.

31. 1979-02-22
    soldstatus $19,950

ⓘ 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: $1,589 · $132/mo
• Projected year-2 tax: $1,589 · $132/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: $16,959
• − Mortgage interest: −$4,901
• − Property taxes: −$1,589
• − Insurance: −$438
• − Repairs & maintenance: −$1,357
• − Management: −$1,357
• − Depreciation: −$2,545
• Taxable income: $4,772
• Est. tax owed @ 24.0%: −$1,145
• After-tax cash flow: $4,720/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

+338.6% since first listed

20 events — show timeline

• 2026-05-14 Price Changed $87,500 realMLS
• 2026-05-06 Price Changed $90,000 realMLS
• 2026-04-23 Price Changed $95,000 realMLS
• 2026-04-15 Price Changed $100,000 realMLS
• 2026-04-08 Price Changed $105,000 realMLS
• 2026-03-27 Price Changed $110,000 realMLS
• 2026-03-19 Price Changed $112,500 realMLS
• 2026-03-12 Price Changed $115,000 realMLS
• 2026-02-26 Relisted — realMLS
• 2026-02-03 Listing Removed — realMLS
• 2026-02-03 Price Changed $120,000 realMLS
• 2026-01-14 Price Changed $80,000 realMLS
• 2026-01-06 Price Changed $84,000 realMLS
• 2025-12-09 Price Changed $85,000 realMLS
• 2025-12-04 Price Changed $87,500 realMLS
• 2025-11-21 Listed $90,000 realMLS
• 2025-10-10 Sold (Public Records) $338,200 Public Records
• 2009-07-14 Listing Removed — realMLS
• 2009-02-25 Listed $21,950 realMLS
• 1979-02-22 Sold (Public Records) $19,950 Public Records

Property tax history

+8.3%/yr

Latest (2025): $1,589 · +18.8% YoY. Source: county tax records.