5721 Lagoon Cruise Way · Jacksonville, FL
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 3/10 · Minor
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 8/10 · Major
- Hot days now (above 108°F)
- 7 days/yr
- Hot days in 30 yrs
- 19 days/yr
Wind risk 9/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
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).
- ARV discount +11.5/15.0
- Cash flow +6.7/30.0
- Appreciation +5.2/10.0
- Livability +4.2/5.0
- Schools +4.1/10.0
- Condition / age +4.0/5.0
- Rent growth +2.5/5.0
- 1% rule +2.1/10.0
- DSCR +1.0/10.0
$349,990
5721 Lagoon Cruise Way · Jacksonville, FL 32234
4 bd · 2.5 ba · 2,317 sqft · SingleFamily
· 145 Days on market
Built 2026
5,500 sqft lot
2-car garage
$151/sqft
· 9% below area
Est $384k · 9% under
$100/mo HOA · 4% of rent
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
This charming two-story single-family home features a spacious and functional layout, perfect for modern living. The primary suite is conveniently located on the main floor, offering a private retreat with a walk-in closet. Upstairs, you'll find three additional bedrooms and a versatile loft space that can be customized to suit your needs. The heart of the home is the expansive kitchen, which includes a cozy cafe area for casual dining or relaxation. A two-car garage provides ample storage and parking space, completing this well-designed home that combines comfort and practicality.
Key facts
- Open-concept design
- Walk-in closet
- Versatile loft space
Tags
Neighborhood map
Sold within
Property
Rental comp
Retail
Costco
Walmart
Transit
Schools
Stadiums
Fortune 500
· Circle radius: 6.0 mi
Loading POIs…
What this means for you Summary
Snapshot
- This is a 4-bed/2.5-bath single-family listed at $350k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-556 ($-7k/yr) — negative.
- To cash-flow at today's rent, offer at most $270k (23.0% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $248k (29.0% below list).
- Recommended offer: $248k (29.0% below list) — sets the bar for 1% rule.
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.
- Zoned schools: Mamie Agnes Jones Elementary School (math 57% / reading 47%, grade C-, #990 of 2,144 statewide, top 48%, 430 students, 61% FRL); Joseph Stilwell Middle School (math 31% / reading 33%, grade F, #448 of 571 statewide, top 79%, 612 students, 68% FRL); Baldwin Middle-Senior High School (math 37% / reading 39%, grade F, #328 of 667 statewide, top 50%, 1,384 students, 43% FRL).
- Market conditions: 380 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 58d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).
- This rent runs 34% of the median local income ($87k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- In year one you build about $4k of equity ($2k loan paydown + $2k appreciation (0.5% local appreciation)).
- Duval County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- By year 8, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 145 days — a 12% lower offer ($308k) 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.
Risks & watch-outs
- Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer
$248,467
(29.0% below list)
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 145 days. Have you received any prior offers? Is the seller open to a 29% concession, seller financing, or rate buy-down credit?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 0.71% ✗
- Cap rate
- 4.39%
- Cash-on-cash
- -6.81%
- DSCR
- 0.70
- GRM
- 11.7
CMA / ARV
- ARV (median comp)
- $383,995
- List price
- $349,990
- Delta
- -8.86%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 11 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 5780 Lagoon Cruise Way | 0.13mi | 4/3.0 | 2,246 (-3%) | 2mo | $364,990 | $163 | 86 |
| 5724 Lagoon Cruise Way | 0.07mi | 4/3.0 | 2,500 (+8%) | 5mo | $384,990 | $154 | 77 |
| 5797 Lagoon Cruise Way | 0.12mi | 3/2.0 (-1) | 2,201 (-5%) | 4mo | $354,000 | $161 | 76 |
| 15432 Bareback Dr | 0.52mi | 4/2.5 | 2,304 (-1%) | 1mo | $296,000 | $128 | 74 |
| 5733 Lagoon Cruise Way | 0.11mi | 4/3.0 | 2,500 (+8%) | 8mo | $389,990 | $156 | 73 |
| 5709 Lagoon Cruise Way | 0.18mi | 4/3.0 | 2,500 (+8%) | 5mo | $387,990 | $155 | 72 |
| 15330 Bareback Dr | 0.32mi | 4/2.5 | 2,330 (+1%) | 16mo | $299,000 | $128 | 71 |
| 6118 Black Filly Ln | 0.48mi | 4/2.5 | 2,330 (+1%) | 18mo | $337,900 | $145 | 62 |
| 15336 Spotted Stallion Trl | 0.38mi | 4/3.0 | 2,262 (-2%) | 19mo | $285,000 | $126 | 61 |
| 15391 Hidden Foal Dr | 0.48mi | 4/2.0 | 2,116 (-9%) | 1mo | $320,000 | $151 | 60 |
| 15528 Bareback Dr | 0.56mi | 4/4.0 | 2,553 (+10%) | 16mo | $358,000 | $140 | 37 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
0.45% appreciation · 3.0% rent growth · sell at horizon
5-year hold
- IRR
- -8.0%
- Equity multiple
- 0.61×
- Total profit
- $-38,066
- Equity at exit
- $109,576
10-year hold
- IRR
- -2.1%
- Equity multiple
- 0.76×
- Total profit
- $-23,805
- Equity at exit
- $138,239
Cash invested: $97,997 (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.
Buyer's market
Market conditions
within 1.0 mi — comparable homes for sale
Active competition Active MLS
- For sale now
- 35 active · 27 under contract
- Months of supply
- 13.1 mo (8%/mo absorbed)
- Median asking
- $346,990 ($156/sqft)
- Median days on market
- 40 d
- This list price
- 51% of active listings are priced below it
- ARV vs active asking
- +6.5% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 32234
- Home prices YoY
- 0.2%
- Active inventory
- 380
- Price-to-rent
- 11.7×
Monthly cashflow live
↻
- Estimated rent
- $2,485 high interval (Pro) →
- Mortgage (P&I)
- −$1,835
- Tax est. 1.5%
- −$437 /mo · $5,250/yr
- Insurance
- −$146
- HOA
- −$100
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$522
- Net cashflow
- $-556
Break-even live
Break-even rent
$3,188
Max offer price
$269,564
Occupancy floor
—
Sensitivity live
| Price | -10% $-314 | -5% $-435 | +0% $-556 | +5% $-677 | +10% $-798 |
|---|---|---|---|---|---|
| Rent | -10% $-752 | -5% $-654 | +0% $-556 | +5% $-458 | +10% $-360 |
| Rate | -1.0pp $-380 | -0.5pp $-467 | base $-556 | +0.5pp $-646 | +1.0pp $-739 |
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
- $87,498
- Closing costs
- $10,500
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 10 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 5724 Lagoon Cruise Way Jacksonville, FL | 4.0 | 3.0 | 2494 | $2,800 | $1.12 | 100d | 1 | 0.05mi |
| 15246 Hidden Foal Dr Jacksonville, FL | 3.0 | 2.0 | 1730 | $1,900 | $1.10 | 107d | 1 | 0.25mi |
| 15180 Bareback Dr Jacksonville, FL | 4.0 | 2.0 | 1840 | $1,899 | $1.03 | 81d | 1 | 0.27mi |
| 15574 Palfrey Chase Dr Jacksonville, FL | 4.0 | 2.0 | 1862 | $1,995 | $1.07 | 57d | 1 | 0.76mi |
| 6137 Black Stallion Dr Jacksonville, FL | 4.0 | 2.0 | 1862 | $1,995 | $1.07 | 0d | 1 | 0.82mi |
| 6137 Black Stallion Dr Jacksonville, FL | 4.0 | 2.0 | 1862 | $1,955 | $1.05 | 57d | 1 | 0.82mi |
| 15729 Equine Gait Dr Jacksonville, FL | 3.0 | 2.0 | 1650 | $1,850 | $1.12 | 9d | 1 | 1.08mi |
| 6092 Bucking Bronco Dr Jacksonville, FL | 4.0 | 2.0 | 1778 | $1,995 | $1.12 | 103d | 1 | 1.08mi |
| 15647 Woodbury Dr Jacksonville, FL | 3.0–5.0 | 2.0–3.5 | 1863 | $2,079 | $1.12 | 0d | 15 | 1.26mi |
| 15818 Queensway Dr Jacksonville, FL | 2.0–4.0 | 2.0–3.0 | 1446 | $2,715 | $1.88 | 0d | 1 | 1.44mi |
Property features AI
Finance
- Other
- Property on a cleared lot adjacent to greenbeltPrivate road frontage with asphalt surface
- HOA & community
- Homeowners association with annual feeAssociation fee: $1,200 annuallyAssociation amenities include beach access, clubhouse, dog park, gated community, jogging path, park, playground, and water accessAssociation fee includes internetCDD fee applies (separate amount listed)
Exterior
- Parking
- Attached 2-car garage
- Security
- Smoke detector(s)
- Utilities
- Public sewerCable availableElectricity availableWater available
- Home design
- Single family residenceTwo levelsFaces eastCurrent use listed as residential and multi-family
- Construction
- Fiber cement and wood siding exteriorShingle roof
- Exterior features
- Covered rear porchSmoke detector(s)Community pool (not private)
Interior
- Kitchen
- PantryDisposalElectric ovenMicrowaveElectric water heater
- Bedrooms
- 4 bedrooms (primary on the first floor; additional bedrooms on the second floor)
- Flooring
- CarpetTile
- Bathrooms
- 2 full bathrooms1 half bathroom
- Heating & cooling
- Central heating (heat pump)Central air conditioning (electric)
- Interior features
- Breakfast barOpen floorplanPantryPrimary bathroom has shower (no tub)Primary bedroom on the main levelSplit bedroom layoutWalk-in closet(s)
- Laundry & utility
- Washer hookupElectric dryer hookupIn-unit laundry
Listing history 50 events
-
2026-09-23days on market $349,990 Active 145 DOM
-
2026-09-22days on market $349,990 Active 144 DOM
-
2026-09-21days on market $349,990 Active 143 DOM
-
2026-09-19days on market $349,990 Active 141 DOM
-
2026-09-18days on market $349,990 Active 140 DOM
-
2026-09-17days on market $349,990 Active 139 DOM
-
2026-09-16days on market $349,990 Active 138 DOM
-
2026-09-15days on market $349,990 Active 137 DOM
-
2026-09-14days on market $349,990 Active 136 DOM
-
2026-09-13days on market $349,990 Active 135 DOM
-
2026-09-12days on market $349,990 Active 134 DOM
-
2026-09-11days on market $349,990 Active 133 DOM
-
2026-09-05days on market $349,990 Active 127 DOM
-
2026-09-04pricedays on market $349,990 Active 126 DOM
-
2026-08-31days on market $357,990 Active 122 DOM
-
2026-08-29days on market $357,990 Active 120 DOM
-
2026-08-28days on market $357,990 Active 119 DOM
-
2026-08-27days on market $357,990 Active 118 DOM
-
2026-08-25days on market $357,990 Active 116 DOM
-
2026-08-24days on market $357,990 Active 115 DOM
-
2026-08-23days on market $357,990 Active 114 DOM
-
2026-08-22days on market $357,990 Active 113 DOM
-
2026-08-21days on market $357,990 Active 112 DOM
-
2026-08-20days on market $357,990 Active 111 DOM
-
2026-08-19days on market $357,990 Active 110 DOM
-
2026-08-18days on market $357,990 Active 109 DOM
-
2026-08-17days on market $357,990 Active 108 DOM
-
2026-08-16days on market $357,990 Active 107 DOM
-
2026-08-15days on market $357,990 Active 106 DOM
-
2026-08-14days on market $357,990 Active 105 DOM
-
2026-08-13days on market $357,990 Active 104 DOM
-
2026-08-12days on market $357,990 Active 103 DOM
-
2026-08-11days on market $357,990 Active 102 DOM
-
2026-08-10days on market $357,990 Active 101 DOM
-
2026-08-09days on market $357,990 Active 100 DOM
-
2026-08-08days on market $357,990 Active 99 DOM
-
2026-08-07days on market $357,990 Active 98 DOM
-
2026-08-06days on market $357,990 Active 97 DOM
-
2026-08-05days on market $357,990 Active 96 DOM
-
2026-08-04days on market $357,990 Active 95 DOM
-
2026-08-03days on market $357,990 Active 94 DOM
-
2026-07-31days on market $357,990 Active 91 DOM
-
2026-07-30days on market $357,990 Active 90 DOM
-
2026-07-30days on market $357,990 Active 89 DOM
-
2026-07-28days on market $357,990 Active 88 DOM
-
2026-07-24days on market $357,990 Active 84 DOM
-
2026-07-23days on market $357,990 Active 83 DOM
-
2026-07-22days on market $357,990 Active 82 DOM
-
2026-07-21days on market $357,990 Active 81 DOM
-
2026-07-18days on market $357,990 Active 78 DOM
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 3/10 Moderate
- Heat 8/10 Severe 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
- Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $29,816
- − Mortgage interest
- −$19,605
- − Property taxes
- −$5,250
- − Insurance
- −$1,750
- − Repairs & maintenance
- −$2,385
- − Management
- −$2,385
- − HOA
- −$1,200
- − Depreciation
- −$10,182
- Taxable loss
- −$12,941
combined federal + state — saved on this device
- Est. tax savings @ 24.0%
- +$3,106
- After-tax cash flow
- $-3,564/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.
Condition & rehab AI · 12 photos
80/100
None rehab
This home is in excellent condition with a fresh, move-in-ready appearance. Minor updates to the interior and curb appeal can further enhance its value and attract potential buyers or renters.
Value-add opportunities
- Both Paint interior walls and trim — Fresh paint enhances curb appeal and interior aesthetics. ↑
- Both Install new light fixtures — Modern lighting can brighten spaces and improve curb appeal. ↑
- Both Add decorative elements to kitchen island — A decorative backsplash or artwork can enhance the kitchen's visual appeal and functionality. ↑
- Both Upgrade countertops in kitchen and bathrooms — New countertops can add value and functionality to the home. ↑
- Both Install smart home devices — Smart home devices can increase convenience and add value to the home, especially for potential buyers or renters who prioritize technology. ↑
F
Composite school gradezoned avg 41/100
Zoned Schools
Elementary
Mamie Agnes Jones Elementary School
C-
FL #990/2,144
Nat'l #11,263/41,679
Middle
Joseph Stilwell Middle School
F
FL #448/571
Nat'l #8,317/14,009
High
Baldwin Middle-Senior High School
F
FL #328/667
Nat'l #8,877/17,239
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
A
Composite livability gradescore 83/100
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 · 1,013,010 people
- City population
- 979,034
- Metro
- Jacksonville, FL
- Population (ZIP)
- 9,678
- Household income
- $87,331
- Rent vs Own
- Severe rent burden
- 33% of renters
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 White (76%)
- Race & ethnicity
- White 76% Black 16% Hispanic / Latino 6% Two or more races 4%
- Hispanic origin (detail)
- Mexican 1% Puerto Rican 2% Salvadoran 1%
- Common ancestry
- Serbian 2% Lithuanian 1% Slovak 1%
- Foreign-born
- 4% · Canada, Dominican Republic
- Languages at home
- 95% English-only · Spanish 4%
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
- ▲ 0.45%
- Current HPI
- 288.4613
- Rent YoY
- —
- 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
+2.3% since first listed5 events — show timeline
- 2026-06-05 Price Changed $357,990 realMLS
- 2026-05-15 Price Changed $357,990 Zillow
- 2026-05-15 Price Changed $347,990 realMLS
- 2026-05-12 Listed $349,990 Zillow
- 2026-05-01 Listed $349,990 realMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…