1536 W 3rd St · Jacksonville, FL 32209

$99,900

2 bd · 1.0 ba · 776 sqft · SingleFamily public records · 47 Days on market

Built 1945 4,791 sqft lot Est $81k · 23% 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 +22.2/30.0
• DSCR +7.1/10.0
• 1% rule +5.6/10.0
• 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

NEW PRICE IMPROVEMENT: Newly Renovated single family home. Two bedrooms, 1 bathroom, Family Room, Dining Room. All new 2025: roof, hot water heater, Stackable Washer/Dryer, HVAC, gutters, storm door, new front door and security door, renovated porch, new paint exterior and interior, rewired, new appliances, laminate flooring throughout, new windows. *Refrigerator, Washer/Dryer and HVAC will be installed prior closing. ***Security Cameras Do Not Convey.

Key facts

• Laminate flooring
• New hot water heater
• New appliances

Tags

• NEWLY RENOVATED
• NEW ROOF
• NEW HOT WATER HEATER
• NEW APPLIANCES
• LAMINATE FLOORING
• NEW WINDOWS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $163 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.2% 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).
• This rent runs 42% of the median local income ($31k/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 $691 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 47 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.
• Current owner paid $22k; list at $100k implies a 354% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• 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 $96,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
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: 1.06% ✓
• Cap rate: 8.25%
• Cash-on-cash: 6.99%
• DSCR: 1.31
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $81,480
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1536 W 3rd St	0.00mi	2/1.0	776 (0%)	1mo	$107,000	$138	99
1464 W 6th St	0.25mi	2/1.0	766 (-1%)	6mo	$98,000	$128	81
1686 W 2nd St	0.17mi	2/1.0	826 (+6%)	11mo	$45,000	$54	72
1648 W 4th St	0.16mi	2/1.0	832 (+7%)	11mo	$41,100	$49	72
1339 Hart St	0.30mi	2/2.0	818 (+5%)	4mo	$199,017	$243	69
1444 Grothe St	0.21mi	3/1.0 (+1)	828 (+7%)	7mo	$75,000	$91	68
1775 W 5th St	0.33mi	2/1.0	714 (-8%)	10mo	$75,000	$105	63
1919 W 5th St	0.58mi	2/1.0	780 (+0%)	10mo	$123,500	$158	63
1332 Steele St	0.39mi	2/2.0	818 (+5%)	9mo	$185,020	$226	62
1419 Brady St #1-2	0.30mi	2/1.0	870 (+12%)	9mo	$75,000	$86	58
1335 Cleveland St	0.64mi	2/1.0	843 (+9%)	7mo	$53,000	$63	50
1753 W 12th St	0.72mi	3/1.0 (+1)	827 (+7%)	4mo	$45,000	$54	47

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: -6.9%
• Equity multiple: 0.75×
• Total profit: $-7,062
• Equity at exit: $14,895

10-year hold

• IRR: 1.2%
• Equity multiple: 1.08×
• Total profit: $2,217
• Equity at exit: $8,638

Cash invested: $27,972 (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 32209

• Home prices YoY: -22.1%
• Rents YoY: 1.8%
• Active inventory: 394
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,056 high
• Mortgage (P&I): −$524
• Tax from tax record: −$106 /mo · $1,272/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$222
• Net cashflow: $163

Break-even live

Break-even rent $850

Max offer price $99,900

Occupancy floor 80%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1437 Prince St Unit 1437 Jacksonville, FL	2.0	1.0	700	$1,120	$1.60	24d	1	0.13mi
1478 W 5th St Jacksonville, FL	3.0	1.0	960	$1,225	$1.28	24d	1	0.19mi
1478 W 5th St Jacksonville, FL	3.0	1.0	960	$1,225	$1.28	4d	1	0.19mi
1460 W 5th St Unit 1 Jacksonville, FL	2.0	1.0	700	$850	$1.21	12d	1	0.21mi
1460 W 5th St Jacksonville, FL	2.0	1.0	675	$875	$1.30	12d	1	0.21mi
1376 Prince St Jacksonville, FL	2.0	1.0	800	$1,050	$1.31	8d	1	0.21mi
844 Tyler St Unit 1 Jacksonville, FL	2.0	1.0	800	$900	$1.12	8d	1	0.21mi
1710 W 2nd St Unit A Jacksonville, FL	2.0	1.0	939	$800	$0.85	24d	1	0.23mi
1448 Union St W Jacksonville, FL	3.0	1.0	958	$1,200	$1.25	24d	1	0.23mi
1358 Prince St Jacksonville, FL	3.0	3.5	1044	$1,350	$1.29	21d	1	0.23mi
1358 Prince St Jacksonville, FL	3.0	2.5	1044	$1,350	$1.29	24d	1	0.23mi
1539 Union St W Jacksonville, FL	3.0	1.5	1000	$1,144	$1.14	14d	1	0.24mi
1649 State St W Jacksonville, FL	2.0	1.0	540	$780	$1.44	24d	1	0.26mi
1425 Morgan St Jacksonville, FL	2.0	1.0	850	$650	$0.76	3d	1	0.30mi
1783 W 3rd St Jacksonville, FL	3.0	1.0	816	$650	$0.80	24d	1	0.31mi
1651 Union St W Jacksonville, FL	2.0	1.0	675	$900	$1.33	24d	1	0.31mi
1657 Union St W Unit 1 Jacksonville, FL	2.0	1.0	700	$1,050	$1.50	2d	1	0.32mi
1537 7th St W Unit B Jacksonville, FL	3.0	1.0	950	$1,050	$1.11	24d	1	0.33mi
1537 W 7th St Jacksonville, FL	3.0	1.0	950	$1,050	$1.11	8d	1	0.33mi
1534 Morgan St Unit 1-4 Jacksonville, FL	3.0	1.0	694	$999	$1.44	24d	1	0.34mi
1788 W 5th St Jacksonville, FL	3.0	2.0	948	$1,295	$1.37	24d	1	0.34mi
1570 Mc Conihe St Unit B Jacksonville, FL	2.0	1.0	714	$875	$1.23	24d	1	0.36mi
1729 Logan St W Unit 3 Jacksonville, FL	2.0	1.0	694	$850	$1.22	24d	1	0.39mi
1230 W 3rd St Jacksonville, FL	2.0	1.0	750	$950	$1.27	24d	3	0.40mi
1666 Myrtle Ave N Unit 1666 Jacksonville, FL	2.0	1.0	700	$925	$1.32	24d	1	0.44mi
1235 W 5th St Jacksonville, FL	2.0	1.0	600	$895	$1.49	24d	1	0.44mi
1538 Ella St Unit 1 Jacksonville, FL	2.0	1.0	700	$1,100	$1.57	24d	1	0.45mi
1319 Woods St Jacksonville, FL	3.0	2.0	1103	$1,221	$1.11	24d	1	0.46mi
1751 Broadway Ave Jacksonville, FL	2.0	1.0	1000	$1,525	$1.52	4d	1	0.46mi
926 Eaverson St Unit 745-3 Jacksonville, FL	2.0	1.0	676	$800	$1.18	24d	1	0.52mi
1866 W 6th St Jacksonville, FL	3.0	1.0	1064	$1,120	$1.05	4d	1	0.54mi
1911 W 3rd St Jacksonville, FL	3.0	1.0	912	$1,050	$1.15	4d	1	0.56mi
1923 Fairfax St Jacksonville, FL	2.0	1.0	616	$835	$1.36	15d	1	0.63mi
1776 Spires Ave Unit 2 Jacksonville, FL	2.0	1.0	800	$1,125	$1.41	4d	1	0.64mi
1934 W 6th St Jacksonville, FL	3.0	1.0	948	$1,125	$1.19	24d	1	0.65mi
1320 Francis St Jacksonville, FL	2.0	2.0	1003	$1,095	$1.09	24d	1	0.65mi
1454 Francis St Jacksonville, FL	3.0	2.0	1084	$1,243	$1.15	24d	1	0.65mi
1934 Ella St Jacksonville, FL	3.0	1.0	1045	$1,095	$1.05	20d	1	0.68mi
1046 W 8th St Jacksonville, FL	2.0	1.0	750	$900	$1.20	24d	1	0.76mi
1024 8th St W Jacksonville, FL	2.0	1.0	816	$950	$1.16	24d	1	0.78mi

Listing history 8 events

1. 2026-04-09
   status Pending
2. 2026-02-20
   listed $99,900 Active
3. 2026-02-03
   historical 461-char remark

   Show marketing remark (461 chars)

   NEW PRICE IMPROVEMENT: Newly Renovated single family home. Two bedrooms, 1 bathroom, Family Room, Dining Room. All new 2025: roof, hot water heater, Stackable Washer/Dryer, HVAC, gutters, storm door, new front door and security door, renovated porch, new paint exterior and interior, rewired, new appliances, laminate flooring throughout, new windows. *Refrigerator, Washer/Dryer and HVAC will be installed prior closing. ***Security Cameras Do Not Convey.

4. 2026-02-02
   price $99,900 461-char remark

   Show marketing remark (461 chars)

   NEW PRICE IMPROVEMENT: Newly Renovated single family home. Two bedrooms, 1 bathroom, Family Room, Dining Room. All new 2025: roof, hot water heater, Stackable Washer/Dryer, HVAC, gutters, storm door, new front door and security door, renovated porch, new paint exterior and interior, rewired, new appliances, laminate flooring throughout, new windows. *Refrigerator, Washer/Dryer and HVAC will be installed prior closing. ***Security Cameras Do Not Convey.

5. 2025-12-30
   price $114,900 461-char remark

   Show marketing remark (461 chars)

   NEW PRICE IMPROVEMENT: Newly Renovated single family home. Two bedrooms, 1 bathroom, Family Room, Dining Room. All new 2025: roof, hot water heater, Stackable Washer/Dryer, HVAC, gutters, storm door, new front door and security door, renovated porch, new paint exterior and interior, rewired, new appliances, laminate flooring throughout, new windows. *Refrigerator, Washer/Dryer and HVAC will be installed prior closing. ***Security Cameras Do Not Convey.

6. 2025-12-03
   listed $119,900 Active 461-char remark

   Show marketing remark (461 chars)

   NEW PRICE IMPROVEMENT: Newly Renovated single family home. Two bedrooms, 1 bathroom, Family Room, Dining Room. All new 2025: roof, hot water heater, Stackable Washer/Dryer, HVAC, gutters, storm door, new front door and security door, renovated porch, new paint exterior and interior, rewired, new appliances, laminate flooring throughout, new windows. *Refrigerator, Washer/Dryer and HVAC will be installed prior closing. ***Security Cameras Do Not Convey.

7. 1989-10-01
   soldstatus $22,000
8. 1986-08-01
   soldstatus $17,500

ⓘ 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: $1,272 · $106/mo
• Projected year-2 tax: $1,272 · $106/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: $12,674
• − Mortgage interest: −$5,596
• − Property taxes: −$1,272
• − Insurance: −$500
• − Repairs & maintenance: −$1,014
• − Management: −$1,014
• − Depreciation: −$2,906
• Taxable income: $372
• Est. tax owed @ 24.0%: −$89
• After-tax cash flow: $1,865/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

+470.9% since first listed

8 events — show timeline

• 2026-04-09 Pending — realMLS
• 2026-02-20 Listed $99,900 realMLS
• 2026-02-03 Listing Removed — realMLS
• 2026-02-02 Price Changed $99,900 realMLS
• 2025-12-30 Price Changed $114,900 realMLS
• 2025-12-03 Listed $119,900 realMLS
• 1989-10-01 Sold (Public Records) $22,000 Public Records
• 1986-08-01 Sold (Public Records) $17,500 Public Records

Property tax history

+19.4%/yr

Latest (2025): $1,272 · +599.7% YoY. Source: county tax records.