9248 Ridge Blvd · Jacksonville, FL 32208

$150,000

2 bd · 1.0 ba · 1,790 sqft · SingleFamily public records · 251 Days on market

Built 1947 1.04 ac lot Est $260k · 42% under

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Why this score? — see what drove the C+ 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 +22.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• 1% rule +5.5/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Excellent opportunity for investor, builder, or business owner. This 1.08 acres parcel can be divided into 4 lots. There is a lot of potential with this property depending on your niche. Property is a corner lot with a church and community center across the street on Rogers Ave. and convenience store at the other end of Ridge Blvd. This will make a great fixer upper or tear it down and build 4 new homes and save on impact fees. Appraisal has been done on this property. Home is being sold ''AS IS''. Buyer to remove all items out of home.

Key facts

• Over 1 acre
• Windows
• Framing

Tags

• OVER 1 ACRE
• ZONING RLD-60
• FLOOR JOISTS
• FRAMING
• REPAIRS ON EXTERIOR WALLS
• WINDOWS

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Carport (1 space)
• Utilities: Septic tank; Other utilities
• Home design: Single-family residence; Residential use
• Construction: Frame construction with wood siding
• Exterior features: 1.04-acre lot

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: No heating; No cooling
• Interior features: Other appliances (unspecified)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $249 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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 soft (-1.4%/yr); 291 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 $1,577/mo this rent would consume 46% of the median local household income ($41k/yr) (locally 1765% 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 $1k of loan paydown is wiped out by about $4k 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 251 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 4y ago; this cycle's ask has dropped $35k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $80k; list at $150k implies a 88% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — 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 $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 251 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 1947 — 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: 1.05% ✓
• Cap rate: 8.28%
• Cash-on-cash: 7.11%
• DSCR: 1.32
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $259,550
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3257 Garden Brook Rd	0.35mi	3/2.0 (+1)	1,817 (+2%)	11mo	$260,500	$143	63
3759 Soutel Dr	0.21mi	3/2.0 (+1)	1,728 (-4%)	22mo	$185,000	$107	57
9507 Arbor Oak Ln	0.48mi	3/2.0 (+1)	1,893 (+6%)	6mo	$271,600	$143	54
3181 Garden Acres Ct E	0.42mi	3/2.0 (+1)	1,817 (+2%)	18mo	$264,000	$145	54
3121 Rogers Ave	0.41mi	3/2.0 (+1)	1,631 (-9%)	10mo	$260,000	$159	48
9410 Arbor Glen Ln	0.54mi	3/2.0 (+1)	1,844 (+3%)	21mo	$262,900	$143	44
3210 Garden Brook Rd	0.42mi	3/2.0 (+1)	1,922 (+7%)	21mo	$269,599	$140	42
4163 Trout River Blvd	0.72mi	3/2.0 (+1)	1,688 (-6%)	8mo	$250,000	$148	41
3135 Sedona Trl	0.45mi	3/2.0 (+1)	1,555 (-13%)	11mo	$235,000	$151	39
3193 Garden Acres Ct E	0.41mi	3/2.0 (+1)	1,529 (-15%)	18mo	$253,000	$165	33
3108 Soutel Dr	0.57mi	3/1.5 (+1)	1,598 (-11%)	22mo	$185,000	$116	30
2907 Ribault Scenic Dr	0.72mi	3/2.0 (+1)	1,592 (-11%)	20mo	$375,000	$236	23

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -8.7%
• Equity multiple: 0.69×
• Total profit: $-13,073
• Equity at exit: $22,365

10-year hold

• IRR: -3.6%
• Equity multiple: 0.79×
• Total profit: $-8,829
• Equity at exit: $12,969

Cash invested: $42,000 (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 32208

• Home prices YoY: -33.6%
• Rents YoY: -1.4%
• Active inventory: 291
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,577 high
• Mortgage (P&I): −$787
• Tax from tax record: −$148 /mo · $1,772/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $249

Break-even live

Break-even rent $1,262

Max offer price $150,000

Occupancy floor 79%

Sensitivity live

Price	-10% $334	-5% $291	+0% $249	+5% $206	+10% $164
Rent	-10% $124	-5% $187	+0% $249	+5% $311	+10% $374
Rate	-1.0pp $324	-0.5pp $287	base $249	+0.5pp $210	+1.0pp $171

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3848 Soutel Dr Jacksonville, FL	3.0	2.0	1230	$1,541	$1.25	8d	1	0.35mi
3250 Soutel Dr Jacksonville, FL	3.0	2.0	1352	$1,525	$1.13	24d	1	0.51mi
8516 Bermuda Rd Jacksonville, FL	3.0	2.0	1492	$1,625	$1.09	20d	1	0.81mi
9032 8th Ave Jacksonville, FL	3.0	2.0	1300	$1,500	$1.15	24d	1	1.03mi
4819 Arrowsmith Rd Unit 1 Jacksonville, FL	3.0	2.0	1285	$1,500	$1.17	15d	1	1.07mi
4895 Churchill Dr Jacksonville, FL	3.0	2.0	1303	$1,900	$1.46	24d	1	1.11mi
8973 4th Ave Jacksonville, FL	3.0	2.0	1230	$1,438	$1.17	15d	1	1.22mi
3029 Bessent Rd Jacksonville, FL	3.0	2.0	1330	$1,750	$1.32	3d	1	1.32mi
3283 Penny Cove Dr Unit 1 Jacksonville, FL	3.0	2.5	1650	$2,000	$1.21	17d	1	1.34mi
2950 Bessent Rd Jacksonville, FL	3.0	2.0	1446	$1,779	$1.23	21d	1	1.36mi
8918 1st Ave Jacksonville, FL	3.0	2.0	1435	$1,321	$0.92	16d	1	1.36mi
3231 Penny Cove Ln Jacksonville, FL	3.0	2.5	1626	$1,945	$1.20	17d	1	1.37mi
2978 Centerwood Dr Jacksonville, FL	3.0	2.0	1437	$1,805	$1.26	24d	1	1.38mi
8721 4th Ave Jacksonville, FL	3.0	1.5	1344	$1,399	$1.04	24d	1	1.40mi
10569 Madrone Cove Ct Jacksonville, FL	3.0	2.5	1678	$1,700	$1.01	24d	1	1.42mi

Listing history 21 events

1. 2026-03-01
   status Active
2. 2026-02-05
   status Active
3. 2026-01-30
   status Pending
4. 2026-01-30
   historical
5. 2026-01-27
   status Active
6. 2026-01-13
   status Pending
7. 2025-12-05
   price $150,000
8. 2025-10-25
   status Active
9. 2025-10-25
   status Pending
10. 2025-10-07
    status Active
11. 2025-10-03
    historical Active Under Contract
12. 2025-08-07
    listed $185,000 Active
13. 2023-09-22
    historical
14. 2023-08-11
    status Active
15. 2023-08-09
    historical Active - Contingent
16. 2023-05-22
    listed $170,000 Active
17. 2023-04-14
    soldstatus $80,000
18. 2023-04-07
    soldstatus $80,000 Sold 542-char remark

    Show marketing remark (542 chars)

    Excellent opportunity for investor, builder, or business owner. This 1.08 acres parcel can be divided into 4 lots. There is a lot of potential with this property depending on your niche. Property is a corner lot with a church and community center across the street on Rogers Ave. and convenience store at the other end of Ridge Blvd. This will make a great fixer upper or tear it down and build 4 new homes and save on impact fees. Appraisal has been done on this property. Home is being sold ''AS IS''. Buyer to remove all items out of home.

19. 2023-01-29
    status Pending 542-char remark

    Show marketing remark (542 chars)

    Excellent opportunity for investor, builder, or business owner. This 1.08 acres parcel can be divided into 4 lots. There is a lot of potential with this property depending on your niche. Property is a corner lot with a church and community center across the street on Rogers Ave. and convenience store at the other end of Ridge Blvd. This will make a great fixer upper or tear it down and build 4 new homes and save on impact fees. Appraisal has been done on this property. Home is being sold ''AS IS''. Buyer to remove all items out of home.

20. 2023-01-17
    price $99,000 542-char remark

    Show marketing remark (542 chars)

    Excellent opportunity for investor, builder, or business owner. This 1.08 acres parcel can be divided into 4 lots. There is a lot of potential with this property depending on your niche. Property is a corner lot with a church and community center across the street on Rogers Ave. and convenience store at the other end of Ridge Blvd. This will make a great fixer upper or tear it down and build 4 new homes and save on impact fees. Appraisal has been done on this property. Home is being sold ''AS IS''. Buyer to remove all items out of home.

21. 2022-11-12
    listed $102,900 Active 542-char remark

    Show marketing remark (542 chars)

    Excellent opportunity for investor, builder, or business owner. This 1.08 acres parcel can be divided into 4 lots. There is a lot of potential with this property depending on your niche. Property is a corner lot with a church and community center across the street on Rogers Ave. and convenience store at the other end of Ridge Blvd. This will make a great fixer upper or tear it down and build 4 new homes and save on impact fees. Appraisal has been done on this property. Home is being sold ''AS IS''. Buyer to remove all items out of home.

ⓘ 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: $1,772 · $148/mo
• Projected year-2 tax: $1,772 · $148/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 4/10 Moderate
• 🌡 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: $18,922
• − Mortgage interest: −$8,402
• − Property taxes: −$1,772
• − Insurance: −$750
• − Repairs & maintenance: −$1,514
• − Management: −$1,514
• − Depreciation: −$4,364
• Taxable income: $607
• Est. tax owed @ 24.0%: −$146
• After-tax cash flow: $2,842/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): 32,699
• Household income: $41,324
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 1765.0

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 (77%)
• Race & ethnicity: Black 77% White 16% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -110.56%
• Current HPI: 217.9706
• Rent YoY: ▼ -1.36%
• 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

+45.8% since first listed

21 events — show timeline

• 2026-03-01 Relisted — realMLS
• 2026-02-05 Relisted — realMLS
• 2026-01-30 Pending — realMLS
• 2026-01-30 Listing Removed — realMLS
• 2026-01-27 Relisted — realMLS
• 2026-01-13 Pending — realMLS
• 2025-12-05 Price Changed $150,000 realMLS
• 2025-10-25 Relisted — realMLS
• 2025-10-25 Pending — realMLS
• 2025-10-07 Relisted — realMLS
• 2025-10-03 Contingent — realMLS
• 2025-08-07 Listed $185,000 realMLS
• 2023-09-22 Listing Removed — realMLS
• 2023-08-11 Relisted — realMLS
• 2023-08-09 Contingent — realMLS
• 2023-05-22 Listed $170,000 realMLS
• 2023-04-14 Sold (Public Records) $80,000 Public Records
• 2023-04-07 Sold (MLS) $80,000 realMLS
• 2023-01-29 Pending — realMLS
• 2023-01-17 Price Changed $99,000 realMLS
• 2022-11-12 Listed $102,900 realMLS

Property tax history

+2.1%/yr

Latest (2025): $1,772 · +25.8% YoY. Source: county tax records.