3906 Mission Dr #4 · Jacksonville, FL 32217

$79,500

1 bd · 1.0 ba · 845 sqft · Condo public records · 42 Days on market

Built 1970 $440/mo HOA · 37% 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).

• 1% rule +10.0/10.0
• Cash flow +9.1/30.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +3.0/5.0
• DSCR +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Absolutely adorable 1 bedroom 1 bath condo located in the popular ''Colony at San Jose''. This second floor unit features a living room/dining room combo, fully equipped kitchen with tile floors, crown molding and a large rear patio that offers lovely courtyard views. Situated minutes from Powers Ave, Phillips Highway and the general Southside area. This is a Fannie Mae HomePath property. First Time Buyers, complete the HomePath Ready Buyer home ownership course. Attach certificate to offer and request up to 3% closing cost assistance, Restrictions apply.

Key facts

• $440 HOA
• Community pool
• Built 1970

Property features AI

Finance

• HOA & community: Association fee of $440.75 monthly; Homeowners association present

Exterior

• Parking: Unassigned parking
• Utilities: Public sewer; Electricity connected; Sewer connected; Water connected
• Home design: Condominium; 2 stories; Entry on level 2; Property is attached
• Exterior features: Community clubhouse; Community pool (not private)

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 1 bedroom
• Flooring: Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air
• Interior features: Primary bathroom with tub and shower
• Laundry & utility: In-unit washer and dryer

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $80k.

Deal economics

• At list price, monthly cash flow is $-61 ($-734/yr) — negative.
• To cash-flow at today's rent, offer at most $69k (13.6% below list).
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $69k (13.6% below list) — sets the bar for cash-flow.
• Cap rate 5.4% vs local median 3.9% 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.
• Zoned schools: San Jose Elementary School (math 37% / reading 32%, grade F, #1,709 of 2,144 statewide, top 81%, 779 students, 63% FRL); Alfred I. Dupont Middle School (math 23% / reading 24%, grade F, #536 of 571 statewide, top 95%, 641 students, 59% FRL); Samuel W. Wolfson High School (math 48% / reading 70%, grade C+, #113 of 667 statewide, top 17%, 922 students, 20% FRL) — zoned schools at 47% FRL track the district average.
• Market conditions: Rents rising (+2.2%/yr); 134 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $550 of loan paydown is wiped out by about $2k 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 42 days — a 3% lower offer ($77k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 14y 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.
• Current owner paid $26k; list at $80k implies a 200% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 37% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $68,692 (13.6% 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 42 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.51% ✓
• Cap rate: 5.37%
• Cash-on-cash: -3.30%
• DSCR: 0.85
• GRM: 5.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.18% rent growth · sell at horizon

5-year hold

• IRR: -23.1%
• Equity multiple: 0.22×
• Total profit: $-17,460
• Equity at exit: $11,854

10-year hold

• IRR: -20.8%
• Equity multiple: -0.03×
• Total profit: $-22,960
• Equity at exit: $6,874

Cash invested: $22,260 (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 32217

• Rents YoY: 2.2%
• Active inventory: 134
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,197 high
• Mortgage (P&I): −$417
• Tax from tax record: −$117 /mo · $1,403/yr
• Insurance: −$33
• HOA: −$440
• Vacancy / Maint / Mgmt: −$251
• Net cashflow: $-61

Break-even live

Break-even rent $1,275

Max offer price $68,692

Occupancy floor —

Sensitivity live

Price	-10% $-16	-5% $-39	+0% $-61	+5% $-84	+10% $-106
Rent	-10% $-156	-5% $-108	+0% $-61	+5% $-14	+10% $33
Rate	-1.0pp $-21	-0.5pp $-41	base $-61	+0.5pp $-82	+1.0pp $-103

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: $19,875
• Closing costs: $2,385
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6619 La Mirada Dr W #2 Jacksonville, FL	2.0	1.0	970	$1,495	$1.54	25d	1	0.08mi
3916 Corrida Ct #3 Jacksonville, FL	2.0	1.0	970	$1,300	$1.34	25d	1	0.09mi
6519 Valerosa Ct #8 Jacksonville, FL	2.0	1.0	970	$1,150	$1.19	3d	1	0.11mi
3918 La Mirada Dr N Jacksonville, FL	2.0	1.0	970	$1,200	$1.24	14d	1	0.14mi
3918 La Mirada Dr N Jacksonville, FL	2.0	1.0	970	$1,250	$1.29	25d	1	0.14mi
3918 La Mirada Dr N #3 Jacksonville, FL	2.0	1.0	970	$1,200	$1.24	25d	1	0.14mi
3864 La Mirada Dr N #6 Jacksonville, FL	2.0	1.0	970	$1,300	$1.34	25d	1	0.16mi
7061 Old Kings Rd S Jacksonville, FL	1.0–4.0	1.0–2.5	1575	$1,050	$0.67	25d	1	0.23mi
3770 Toledo Rd Jacksonville, FL	1.0–3.0	1.0–2.5	1007	$1,081	$1.07	4d	20	0.29mi
7241 Old Kings Rd S Jacksonville, FL	2.0	1.0–2.0	600	$1,012	$1.69	3d	20	0.38mi
3730 DuPont Ave Jacksonville, FL	1.0–2.0	1.0–2.0	966	$1,399	$1.45	5d	20	0.42mi
7200 Powers Ave Jacksonville, FL	1.0–3.0	1.0–2.0	913	$1,013	$1.11	3d	24	0.47mi
3534 Smithfield St Jacksonville, FL	4.0	1.0–2.0	1200	$1,212	$1.01	25d	15	0.47mi
3696 Morton St Jacksonville, FL	2.0	1.0	924	$1,200	$1.30	6d	1	0.49mi
3604 Morton St Jacksonville, FL	2.0	1.0	834	$1,225	$1.47	25d	1	0.58mi
3603 Morton St Unit 1 Jacksonville, FL	1.0	1.0	900	$1,100	$1.22	23d	1	0.60mi
7400 Powers Ave Jacksonville, FL	2.0	1.0–2.0	744	$1,206	$1.62	3d	34	0.69mi
7500 Powers Ave Jacksonville, FL	1.0–3.0	1.0–2.0	853	$950	$1.11	9d	19	0.83mi
5800 Barnes Rd S Jacksonville, FL	1.0–2.0	1.0–2.5	875	$1,024	$1.17	3d	14	1.36mi
3530 Victoria Park Rd Jacksonville, FL	1.0–3.0	1.0–2.0	1043	$879	$0.84	25d	16	1.39mi
5800 University Blvd W Jacksonville, FL	3.0	1.0–2.0	857	$1,147	$1.34	25d	36	1.50mi

HOA detail condo

• Monthly dues: $440 · $5,280/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-19
   status $79,500 Pending 42 DOM
2. 2026-06-18
   days on market $79,500 Active 42 DOM
3. 2026-06-17
   days on market $79,500 Active 41 DOM
4. 2026-06-16
   days on market $79,500 Active 40 DOM
5. 2026-06-15
   days on market $79,500 Active 39 DOM
6. 2026-06-13
   days on market $79,500 Active 36 DOM
7. 2026-06-10
   days on market $79,500 Active 33 DOM
8. 2026-06-08
   days on market $79,500 Active 32 DOM
9. 2026-06-07
   days on market $79,500 Active 31 DOM
10. 2026-06-05
    days on market $79,500 Active 28 DOM
11. 2026-06-03
    days on market $79,500 Active 27 DOM
12. 2026-06-02
    days on market $79,500 Active 26 DOM
13. 2026-06-01
    days on market $79,500 Active 25 DOM
14. 2026-05-31
    days on market $79,500 Active 24 DOM
15. 2026-05-07
    listed $79,500 Active
16. 2015-06-26
    soldstatus $26,500 Sold 561-char remark

    Show marketing remark (561 chars)

    Absolutely adorable 1 bedroom 1 bath condo located in the popular ''Colony at San Jose''. This second floor unit features a living room/dining room combo, fully equipped kitchen with tile floors, crown molding and a large rear patio that offers lovely courtyard views. Situated minutes from Powers Ave, Phillips Highway and the general Southside area. This is a Fannie Mae HomePath property. First Time Buyers, complete the HomePath Ready Buyer home ownership course. Attach certificate to offer and request up to 3% closing cost assistance, Restrictions apply.

17. 2015-05-22
    status Pending 561-char remark

    Show marketing remark (561 chars)

    Absolutely adorable 1 bedroom 1 bath condo located in the popular ''Colony at San Jose''. This second floor unit features a living room/dining room combo, fully equipped kitchen with tile floors, crown molding and a large rear patio that offers lovely courtyard views. Situated minutes from Powers Ave, Phillips Highway and the general Southside area. This is a Fannie Mae HomePath property. First Time Buyers, complete the HomePath Ready Buyer home ownership course. Attach certificate to offer and request up to 3% closing cost assistance, Restrictions apply.

18. 2015-05-15
    historical Active - Contingent 561-char remark

    Show marketing remark (561 chars)

    Absolutely adorable 1 bedroom 1 bath condo located in the popular ''Colony at San Jose''. This second floor unit features a living room/dining room combo, fully equipped kitchen with tile floors, crown molding and a large rear patio that offers lovely courtyard views. Situated minutes from Powers Ave, Phillips Highway and the general Southside area. This is a Fannie Mae HomePath property. First Time Buyers, complete the HomePath Ready Buyer home ownership course. Attach certificate to offer and request up to 3% closing cost assistance, Restrictions apply.

19. 2015-04-29
    status Active 561-char remark

    Show marketing remark (561 chars)

    Absolutely adorable 1 bedroom 1 bath condo located in the popular ''Colony at San Jose''. This second floor unit features a living room/dining room combo, fully equipped kitchen with tile floors, crown molding and a large rear patio that offers lovely courtyard views. Situated minutes from Powers Ave, Phillips Highway and the general Southside area. This is a Fannie Mae HomePath property. First Time Buyers, complete the HomePath Ready Buyer home ownership course. Attach certificate to offer and request up to 3% closing cost assistance, Restrictions apply.

20. 2015-03-02
    status Pending 561-char remark

    Show marketing remark (561 chars)

    Absolutely adorable 1 bedroom 1 bath condo located in the popular ''Colony at San Jose''. This second floor unit features a living room/dining room combo, fully equipped kitchen with tile floors, crown molding and a large rear patio that offers lovely courtyard views. Situated minutes from Powers Ave, Phillips Highway and the general Southside area. This is a Fannie Mae HomePath property. First Time Buyers, complete the HomePath Ready Buyer home ownership course. Attach certificate to offer and request up to 3% closing cost assistance, Restrictions apply.

21. 2015-02-18
    listed $26,900 Active 561-char remark

    Show marketing remark (561 chars)

    Absolutely adorable 1 bedroom 1 bath condo located in the popular ''Colony at San Jose''. This second floor unit features a living room/dining room combo, fully equipped kitchen with tile floors, crown molding and a large rear patio that offers lovely courtyard views. Situated minutes from Powers Ave, Phillips Highway and the general Southside area. This is a Fannie Mae HomePath property. First Time Buyers, complete the HomePath Ready Buyer home ownership course. Attach certificate to offer and request up to 3% closing cost assistance, Restrictions apply.

22. 2012-11-11
    listed $28,500 429-char remark

    Show marketing remark (429 chars)

    Price Reduced. SHORT SALE. Great buy for an investor. Buyer must do their diligence search on HOA. This is a second floor flat, 1/1 bedroom with large balcony with storage closet. Unit is now unfurnished. Galley style kitchen, living room/dining combo. Good size master bedroom. Amenities include, indoor and outdoor pool, outdoor grills, fitness center,playground,basketball courts, gated community. Sold AS IS, no repairs.

ⓘ 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: $1,403 · $117/mo
• Projected year-2 tax: $1,403 · $117/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 · 21 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: $14,366
• − Mortgage interest: −$4,453
• − Property taxes: −$1,403
• − Insurance: −$398
• − Repairs & maintenance: −$1,149
• − Management: −$1,149
• − HOA: −$5,280
• − Depreciation: −$2,313
• Taxable loss: −$1,779
• Est. tax savings @ 24.0%: +$427
• After-tax cash flow: $-307/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): 20,221
• Household income: $73,832
• Rent vs Own: 39.2% rent · 60.8% own
• Severe rent burden: 897.0

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: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 58% Hispanic / Latino 18% Black 15% Two or more races 12% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 8%
• Common ancestry: Italian 5% Slovak 1% Romanian 1%
• Foreign-born: 14% · Canada, Philippines, South Korea
• Languages at home: 82% English-only · Spanish 11% Other Indo-European 2% Arabic 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: ▼ -262.76%
• Current HPI: 296.7889
• Rent YoY: ▲ 2.18%
• 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

+178.9% since first listed

8 events — show timeline

• 2026-05-07 Listed $79,500 realMLS
• 2015-06-26 Sold (MLS) $26,500 realMLS
• 2015-05-22 Pending — realMLS
• 2015-05-15 Contingent — realMLS
• 2015-04-29 Relisted — realMLS
• 2015-03-02 Pending — realMLS
• 2015-02-18 Listed $26,900 realMLS
• 2012-11-11 Listed $28,500 realMLS

Property tax history

+10.8%/yr

Latest (2025): $1,403 · +0.3% YoY. Source: county tax records.