4432 Friden Dr · Jacksonville, FL 32209

$60,000

2 bd · 1.0 ba · 682 sqft · SingleFamily public records · 100 Days on market

Built 1965 1,742 sqft lot Est $52k · 16% over

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.0/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• ARV discount +0.4/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this cash cow one unit two bedroom one bath investment property in the heart of Jacksonville FL! This is a fantastic opportunity for savvy investors looking to add an income-producing property to their portfolio - there is already a tenant in place - meaning you can start generating rental income from day one with zero vacancy concerns. For only $60,000 you obtain a solid one unit townhome with a long term tenant that pays $800/mo.! At this price, this investment property will not last long on the market! Act now before it goes!

Key facts

• Built 1965
• Listed 100 days

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Off-street parking
• Utilities: Water available
• Home design: Attached townhouse; Used as a single-family residence
• Construction: Other exterior structures
• Exterior features: Private road frontage

Interior

• Kitchen: Other appliances included
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Wall/window air conditioning units
• Interior features: Includes other built-in appliances

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $258 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($840 rent vs $60k).
• Recommended offer: $55k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.5% 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; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 33% 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 $415 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.
• At projected returns (-3.0% appreciation + 1.8% rent growth), your $17k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 100 days — a 9% lower offer ($55k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 15y 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 $5k; list at $60k implies a 1100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $54,600 (9.0% below list)

Questions for the listing agent

1. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — 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: 1.40% ✓
• Cap rate: 11.46%
• Cash-on-cash: 18.44%
• DSCR: 1.82
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $51,832
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4442 Friden Dr	0.02mi	2/1.0	682 (0%)	11mo	$62,000	$91	90
4622 Wrico Dr	0.17mi	2/1.0	682 (0%)	4mo	$40,000	$59	88
4440 Friden Dr	0.02mi	2/1.0	646 (-5%)	3mo	$40,000	$62	88
4612 Wrico Dr	0.15mi	2/1.0	688 (+1%)	21mo	$52,000	$76	74

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: 8.8%
• Equity multiple: 1.34×
• Total profit: $5,733
• Equity at exit: $8,946

10-year hold

• IRR: 17.0%
• Equity multiple: 2.32×
• Total profit: $22,211
• Equity at exit: $5,188

Cash invested: $16,800 (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: 6.0×

Monthly cashflow live

• Estimated rent: $840 high
• Mortgage (P&I): −$315
• Tax from tax record: −$66 /mo · $786/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$176
• Net cashflow: $258

Break-even live

Break-even rent $513

Max offer price $60,000

Occupancy floor 64%

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4440 Ken Knight Dr N Jacksonville, FL	2.0	1.0	716	$650	$0.91	15d	1	0.18mi
4655 Ken Knight Dr N Jacksonville, FL	2.0	1.0	646	$600	$0.93	24d	1	0.21mi
4848 Mississippi Ct Jacksonville, FL	1.0	1.0	400	$850	$2.12	4d	1	0.37mi
2185 Benedict Rd Jacksonville, FL	2.0	1.0	630	$995	$1.58	24d	1	1.38mi
2185 Benedict Rd Unit 2187 Jacksonville, FL	2.0	1.0	630	$995	$1.58	11d	1	1.38mi

Listing history 28 events

1. 2026-06-18
   days on market $60,000 Active 100 DOM
2. 2026-06-17
   days on market $60,000 Active 99 DOM
3. 2026-06-16
   days on market $60,000 Active 98 DOM
4. 2026-06-15
   statusdays on market $60,000 Active 97 DOM
5. 2026-06-07
   status $60,000 Pending 95 DOM
6. 2026-06-03
   days on market $60,000 Active 95 DOM
7. 2026-06-02
   days on market $60,000 Active 94 DOM
8. 2026-06-01
   days on market $60,000 Active 93 DOM
9. 2026-05-31
   days on market $60,000 Active 92 DOM
10. 2026-04-06
    status Active
11. 2026-03-31
    status Pending
12. 2026-02-22
    listed $60,000 Active

    Show marketing remark (545 chars)

    Welcome to this cash cow one unit two bedroom one bath investment property in the heart of Jacksonville FL! This is a fantastic opportunity for savvy investors looking to add an income-producing property to their portfolio - there is already a tenant in place - meaning you can start generating rental income from day one with zero vacancy concerns. For only $60,000 you obtain a solid one unit townhome with a long term tenant that pays $800/mo.! At this price, this investment property will not last long on the market! Act now before it goes!

13. 2026-02-22
    listed $60,000 Active 545-char remark

    Show marketing remark (545 chars)

    Welcome to this cash cow one unit two bedroom one bath investment property in the heart of Jacksonville FL! This is a fantastic opportunity for savvy investors looking to add an income-producing property to their portfolio - there is already a tenant in place - meaning you can start generating rental income from day one with zero vacancy concerns. For only $60,000 you obtain a solid one unit townhome with a long term tenant that pays $800/mo.! At this price, this investment property will not last long on the market! Act now before it goes!

14. 2024-04-14
    status Active 200-char remark

    Show marketing remark (200 chars)

    Don't miss out on your opportunity to get a great rental property today!!! Great rental history, tenants are on a lease . Roof is 3 years old, electricity has been updated. This one is ready to go.

15. 2024-02-23
    status Pending 200-char remark

    Show marketing remark (200 chars)

    Don't miss out on your opportunity to get a great rental property today!!! Great rental history, tenants are on a lease . Roof is 3 years old, electricity has been updated. This one is ready to go.

16. 2024-02-23
    historical 200-char remark

    Show marketing remark (200 chars)

    Don't miss out on your opportunity to get a great rental property today!!! Great rental history, tenants are on a lease . Roof is 3 years old, electricity has been updated. This one is ready to go.

17. 2024-02-08
    status Active 200-char remark

    Show marketing remark (200 chars)

    Don't miss out on your opportunity to get a great rental property today!!! Great rental history, tenants are on a lease . Roof is 3 years old, electricity has been updated. This one is ready to go.

18. 2024-02-04
    status Active 200-char remark

    Show marketing remark (200 chars)

    Don't miss out on your opportunity to get a great rental property today!!! Great rental history, tenants are on a lease . Roof is 3 years old, electricity has been updated. This one is ready to go.

19. 2024-02-04
    price $60,000 200-char remark

    Show marketing remark (200 chars)

    Don't miss out on your opportunity to get a great rental property today!!! Great rental history, tenants are on a lease . Roof is 3 years old, electricity has been updated. This one is ready to go.

20. 2024-01-28
    status Pending 200-char remark

    Show marketing remark (200 chars)

    Don't miss out on your opportunity to get a great rental property today!!! Great rental history, tenants are on a lease . Roof is 3 years old, electricity has been updated. This one is ready to go.

21. 2024-01-28
    historical 200-char remark

    Show marketing remark (200 chars)

    Don't miss out on your opportunity to get a great rental property today!!! Great rental history, tenants are on a lease . Roof is 3 years old, electricity has been updated. This one is ready to go.

22. 2023-12-06
    listed $65,000 Active 200-char remark

    Show marketing remark (200 chars)

    Don't miss out on your opportunity to get a great rental property today!!! Great rental history, tenants are on a lease . Roof is 3 years old, electricity has been updated. This one is ready to go.

23. 2015-09-30
    historical
24. 2015-09-02
    listed $9,900 Active
25. 2015-09-02
    price $8,000
26. 2011-10-11
    historical
27. 2011-04-11
    listed $5,800
28. 1977-03-04
    soldstatus $5,000

ⓘ 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: $786 · $66/mo
• Projected year-2 tax: $786 · $66/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 2/10 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 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,076
• − Mortgage interest: −$3,361
• − Property taxes: −$786
• − Insurance: −$300
• − Repairs & maintenance: −$806
• − Management: −$806
• − Depreciation: −$1,745
• Taxable income: $2,271
• Est. tax owed @ 24.0%: −$545
• After-tax cash flow: $2,553/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

+1100.0% since first listed

19 events — show timeline

• 2026-04-06 Relisted — realMLS
• 2026-03-31 Pending — realMLS
• 2026-02-22 Listed $60,000 realMLS
• 2026-02-22 Listed $60,000 realMLS
• 2024-04-14 Relisted — realMLS
• 2024-02-23 Pending — realMLS
• 2024-02-23 Listing Removed — realMLS
• 2024-02-08 Relisted — realMLS
• 2024-02-04 Relisted — realMLS
• 2024-02-04 Price Changed $60,000 realMLS
• 2024-01-28 Pending — realMLS
• 2024-01-28 Listing Removed — realMLS
• 2023-12-06 Listed $65,000 realMLS
• 2015-09-30 Listing Removed — realMLS
• 2015-09-02 Listed $9,900 realMLS
• 2015-09-02 Price Changed $8,000 realMLS
• 2011-10-11 Listing Removed — realMLS
• 2011-04-11 Listed $5,800 realMLS
• 1977-03-04 Sold (Public Records) $5,000 Public Records

Property tax history

+9.5%/yr

Latest (2025): $786 · +35.4% YoY. Source: county tax records.