5721 Lagoon Cruise Way · Jacksonville, FL 32234

$329,990

4 bd · 2.5 ba · 2,317 sqft · SingleFamily · 191 Days on market

Built 2026 Good condition 5,500 sqft lot 2-car garage $142/sqft · 10% below area Est $368k · 10% under $100/mo HOA · 4% of rent

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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).

• ARV discount +12.2/15.0
• Cash flow +7.3/30.0
• Appreciation +5.2/10.0
• Livability +4.2/5.0
• Schools +4.1/10.0
• Condition / age +4.0/5.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• DSCR +1.5/10.0

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

• OPEN-CONCEPT DESIGN
• COVERED LANAI
• WALK-IN CLOSET
• VERSATILE LOFT SPACE

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $330k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-436 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $267k (19.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $246k (25.4% below list).
• Recommended offer: $246k (25.4% 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: 423 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 46% 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 + $1k 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 ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 191 days — a 12% lower offer ($290k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $246,162 (25.4% below list)

Questions for the listing agent

1. 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?
2. It's been on market 191 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.75% ✗
• Cap rate: 4.71%
• Cash-on-cash: -5.66%
• DSCR: 0.75
• GRM: 11.2

CMA / ARV

• ARV (median comp): $368,495
• List price: $329,990
• Delta: -10.45%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 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%)	3mo	$364,990	$163	84
5729 Lagoon Cruise Way	0.07mi	4/3.0	2,500 (+8%)	1mo	$366,990	$147	80
5884 Lagoon Cruise Way	0.20mi	4/3.0	2,172 (-6%)	0mo	$350,990	$162	78
5724 Lagoon Cruise Way	0.07mi	4/3.0	2,500 (+8%)	7mo	$384,990	$154	76
5797 Lagoon Cruise Way	0.12mi	3/2.0 (-1)	2,201 (-5%)	6mo	$354,000	$161	74
15432 Bareback Dr	0.52mi	4/2.5	2,304 (-1%)	3mo	$296,000	$128	72
5733 Lagoon Cruise Way	0.11mi	4/3.0	2,500 (+8%)	9mo	$389,990	$156	72
5636 Lagoon Cruise Way	0.19mi	5/2.5 (+1)	2,111 (-9%)	0mo	$329,990	$156	71
5709 Lagoon Cruise Way	0.18mi	4/3.0	2,500 (+8%)	7mo	$387,990	$155	71
15391 Hidden Foal Dr	0.48mi	4/2.0	2,116 (-9%)	2mo	$320,000	$151	59
6054 Chestnut Gelding Ln	0.42mi	5/3.0 (+1)	2,604 (+12%)	1mo	$330,000	$127	52
15528 Bareback Dr	0.56mi	4/4.0	2,553 (+10%)	18mo	$358,000	$140	36

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: -6.8%
• Equity multiple: 0.67×
• Total profit: $-30,266
• Equity at exit: $103,314

10-year hold

• IRR: -1.0%
• Equity multiple: 0.89×
• Total profit: $-10,288
• Equity at exit: $130,340

Cash invested: $92,397 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 43 active · 33 under contract
• Months of supply: 12.3 mo (8%/mo absorbed)
• Median asking: $334,990 ($155/sqft)
• Median days on market: 83 d
• This list price: 42% of active listings are priced below it
• ARV vs active asking: +2.4% 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: 423
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $2,462 high
• Mortgage (P&I): −$1,731
• Tax est. 1.5%: −$412 /mo · $4,950/yr
• Insurance: −$137
• HOA: −$100
• Vacancy / Maint / Mgmt: −$517
• Net cashflow: $-436

Break-even live

Break-even rent $3,013

Max offer price $266,928

Occupancy floor —

Sensitivity live

Price	-10% $-208	-5% $-322	+0% $-436	+5% $-550	+10% $-664
Rent	-10% $-630	-5% $-533	+0% $-436	+5% $-339	+10% $-241
Rate	-1.0pp $-270	-0.5pp $-352	base $-436	+0.5pp $-521	+1.0pp $-608

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: $82,498
• Closing costs: $9,900
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 13 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	145d	1	0.05mi
15246 Hidden Foal Dr Jacksonville, FL	3.0	2.0	1730	$1,900	$1.10	153d	1	0.25mi
15180 Bareback Dr Jacksonville, FL	4.0	2.0	1840	$1,899	$1.03	127d	1	0.27mi
15574 Palfrey Chase Dr Jacksonville, FL	4.0	2.0	1862	$1,995	$1.07	103d	1	0.76mi
6137 Black Stallion Dr Jacksonville, FL	4.0	2.0	1862	$1,955	$1.05	103d	1	0.82mi
6137 Black Stallion Dr Jacksonville, FL	4.0	2.0	1862	$1,995	$1.07	0d	1	0.82mi
15667 Strawberry Roan Ct Jacksonville, FL	4.0	2.0	1733	$2,200	$1.27	0d	1	1.04mi
15729 Equine Gait Dr Jacksonville, FL	3.0	2.0	1650	$1,800	$1.09	5d	1	1.08mi
6092 Bucking Bronco Dr Jacksonville, FL	4.0	2.0	1778	$1,995	$1.12	148d	1	1.08mi
6182 Bucking Bronco Dr Jacksonville, FL	3.0	2.0	2000	$1,926	$0.96	5d	1	1.17mi
6182 Bucking Bronco Dr Jacksonville, FL	3.0	2.0	2000	$1,926	$0.96	0d	1	1.17mi
15647 Woodbury Dr Jacksonville, FL	3.0–4.0	2.0–2.5	1638	$2,171	$1.32	0d	9	1.26mi
15818 Queensway Dr Jacksonville, FL	2.0–4.0	2.0–3.0	1446	$2,765	$1.91	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

1. 2026-11-08
   days on market $329,990 Active 191 DOM
2. 2026-11-07
   days on market $329,990 Active 190 DOM
3. 2026-11-06
   days on market $329,990 Active 189 DOM
4. 2026-11-05
   days on market $329,990 Active 188 DOM
5. 2026-11-04
   days on market $329,990 Active 187 DOM
6. 2026-11-02
   days on market $329,990 Active 185 DOM
7. 2026-11-01
   days on market $329,990 Active 184 DOM
8. 2026-10-31
   days on market $329,990 Active 183 DOM
9. 2026-10-30
   days on market $329,990 Active 182 DOM
10. 2026-10-29
    days on market $329,990 Active 181 DOM
11. 2026-10-28
    days on market $329,990 Active 180 DOM
12. 2026-10-27
    days on market $329,990 Active 179 DOM
13. 2026-10-26
    days on market $329,990 Active 178 DOM
14. 2026-10-25
    days on market $329,990 Active 177 DOM
15. 2026-10-24
    days on market $329,990 Active 176 DOM
16. 2026-10-23
    days on market $329,990 Active 175 DOM
17. 2026-10-22
    days on market $329,990 Active 174 DOM
18. 2026-10-20
    days on market $329,990 Active 172 DOM
19. 2026-10-19
    days on market $329,990 Active 171 DOM
20. 2026-10-18
    days on market $329,990 Active 170 DOM
21. 2026-10-17
    days on market $329,990 Active 169 DOM
22. 2026-10-16
    pricedays on market $329,990 Active 168 DOM
23. 2026-10-15
    days on market $339,990 Active 167 DOM
24. 2026-10-14
    days on market $339,990 Active 166 DOM
25. 2026-10-13
    days on market $339,990 Active 165 DOM
26. 2026-10-12
    days on market $339,990 Active 164 DOM
27. 2026-10-11
    days on market $339,990 Active 163 DOM
28. 2026-10-10
    days on market $339,990 Active 162 DOM
29. 2026-10-09
    pricedays on market $339,990 Active 161 DOM
30. 2026-10-08
    days on market $349,990 Active 160 DOM
31. 2026-10-07
    days on market $349,990 Active 159 DOM
32. 2026-10-06
    days on market $349,990 Active 158 DOM
33. 2026-10-05
    days on market $349,990 Active 157 DOM
34. 2026-10-04
    days on market $349,990 Active 156 DOM
35. 2026-10-03
    days on market $349,990 Active 155 DOM
36. 2026-10-02
    days on market $349,990 Active 154 DOM
37. 2026-10-02
    days on market $349,990 Active 153 DOM
38. 2026-09-30
    days on market $349,990 Active 152 DOM
39. 2026-09-29
    days on market $349,990 Active 151 DOM
40. 2026-09-28
    days on market $349,990 Active 150 DOM
41. 2026-09-27
    days on market $349,990 Active 149 DOM
42. 2026-09-25
    days on market $349,990 Active 147 DOM
43. 2026-09-24
    days on market $349,990 Active 146 DOM
44. 2026-09-23
    days on market $349,990 Active 145 DOM
45. 2026-09-22
    days on market $349,990 Active 144 DOM
46. 2026-09-21
    days on market $349,990 Active 143 DOM
47. 2026-09-19
    days on market $349,990 Active 141 DOM
48. 2026-09-18
    days on market $349,990 Active 140 DOM
49. 2026-09-17
    days on market $349,990 Active 139 DOM
50. 2026-09-16
    days on market $349,990 Active 138 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

Taxation est. · year 1

• Rental income: $29,539
• − Mortgage interest: −$18,485
• − Property taxes: −$4,950
• − Insurance: −$1,650
• − Repairs & maintenance: −$2,363
• − Management: −$2,363
• − HOA: −$1,200
• − Depreciation: −$9,600
• Taxable loss: −$11,071
• Est. tax savings @ 24.0%: +$2,657
• After-tax cash flow: $-2,573/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

Good 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: 13.6% rent · 86.4% own
• Severe rent burden: 33% of renters

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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%

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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%
• Languages at home: 95% English-only · Spanish 4%

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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

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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

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

Price history

+2.3% since first listed

5 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