2509 Wilmont Ct · Jacksonville, FL 32218

$219,900

3 bd · 2.0 ba · 1,056 sqft · SingleFamily public records · 15 Days on market

Built 1959 0.30 ac lot Est $199k · 11% over

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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).

• Cash flow +14.1/30.0
• DSCR +4.3/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• 1% rule +2.8/10.0
• ARV discount +2.7/15.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this beautifully renovated 3 bedroom 2 bathroom home nestled on a quiet 0.3 acre lot in an amazing neighborhood. This charming home checks every box: a fully updated brand new kitchen with stainless steel appliances, open-concept living, and a spacious master suite with walk-in closet. The oversized detached 2-car garage with electric is a rare find, and the fully fenced yard gives you privacy and room to entertain your friends and family. Sip your morning coffee on the beautiful front porch or entertain guests on the spacious back patio -- this home was made for living. Natural light pours in throughout, brand new flooring recently installed and the laundry/utility room offers g

Key facts

• Master suite
• Walk-in closet
• Renovated kitchen

Tags

• RENOVATED KITCHEN
• STAINLESS STEEL APPLIANCES
• OPEN-CONCEPT LIVING
• MASTER SUITE
• WALK-IN CLOSET
• DETACHED GARAGE

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Detached garage; 2-car garage; Additional parking; RV access/parking
• Utilities: Public sewer; Electricity connected; Sewer connected; Water connected
• Home design: Single family residence; One story; Entry on level 1
• Construction: Concrete construction; Metal roof
• Exterior features: Patio; Back yard fence; Shed(s); Workshop

Interior

• Kitchen: Dishwasher; Electric cooktop; Electric oven; Refrigerator; Breakfast bar / eat-in kitchen
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: Breakfast bar; Built-in features; Eat-in kitchen; Open floor plan; Walk-in closets
• Laundry & utility: Washer and dryer included; Washer hookup; Electric dryer hookup; In-unit laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $34 ($404/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $171k (22.3% below list).
• Recommended offer: $171k (22.3% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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.
• Zoned schools: Highlands Elementary School (math 32% / reading 27%, grade F, #1,896 of 2,144 statewide, top 90%, 475 students, 78% FRL); Highlands Middle School (math 31% / reading 21%, grade F, #506 of 571 statewide, top 89%, 697 students, 73% FRL); First Coast High School (math 18% / reading 33%, grade F, #499 of 667 statewide, top 75%, 2,117 students, 49% FRL) — zoned schools average 66% FRL vs 49% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 27% at this address vs 46% district-wide (-18 pts) — the specific schools serving this property underperform the Duval average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.4%/yr); 728 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 $2k of loan paydown is wiped out by about $7k 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 15 days — a 2% lower offer ($217k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $45k; list at $220k implies a 389% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; 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 $170,774 (22.3% below list)

Questions for the listing agent

1. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.78% ✗
• Cap rate: 6.48%
• Cash-on-cash: 0.66%
• DSCR: 1.03
• GRM: 10.7

CMA / ARV

• ARV (on-the-fly): $198,528
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2480 Drake Ave	0.09mi	3/1.0	984 (-7%)	7mo	$164,000	$167	75
2434 Leonid Rd	0.24mi	3/1.0	1,132 (+7%)	2mo	$179,900	$159	71
10553 Tulsa Rd	0.12mi	3/2.0	975 (-8%)	18mo	$235,000	$241	66
2904 Jerry Ln	0.60mi	2/1.0 (-1)	1,059 (+0%)	2mo	$200,000	$189	61
2864 Leonid Rd	0.36mi	3/2.0	1,160 (+10%)	9mo	$170,000	$147	60
10503 Rutgers Rd	0.51mi	3/1.0	1,036 (-2%)	12mo	$195,000	$188	59
2312 Leonid Rd	0.37mi	3/1.5	1,132 (+7%)	14mo	$165,000	$146	57
3040 Date St	0.71mi	3/2.0	1,040 (-2%)	13mo	$155,000	$149	54
1821 Wofford Ave	0.61mi	4/1.0 (+1)	1,080 (+2%)	10mo	$209,900	$194	50
1934 Leonid Rd	0.55mi	3/2.0	1,008 (-4%)	21mo	$210,000	$208	49
2915 Tinsley Rd	0.47mi	3/2.0	1,209 (+14%)	15mo	$252,000	$208	42
1820 Leonid Rd	0.64mi	3/2.0	1,194 (+13%)	22mo	$216,000	$181	30

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: -18.3%
• Equity multiple: 0.37×
• Total profit: $-38,593
• Equity at exit: $32,788

10-year hold

• IRR: -16.8%
• Equity multiple: 0.18×
• Total profit: $-50,590
• Equity at exit: $19,013

Cash invested: $61,572 (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 32218

• Home prices YoY: -25.7%
• Rents YoY: -0.4%
• Active inventory: 728
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,708 high
• Mortgage (P&I): −$1,153
• Tax from tax record: −$71 /mo · $848/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$359
• Net cashflow: $34

Break-even live

Break-even rent $1,665

Max offer price $219,900

Occupancy floor 93%

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: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2482 Quail Ave Jacksonville, FL	3.0	2.0	1224	$1,850	$1.51	17d	1	0.12mi
2462 Quail Ave Jacksonville, FL	3.0	1.5	1312	$1,397	$1.06	23d	1	0.14mi
2489 Quail Ave Jacksonville, FL	3.0	2.0	1308	$1,495	$1.14	23d	1	0.15mi
2489 Quail Ave Jacksonville, FL	3.0	2.0	1306	$1,495	$1.14	16d	1	0.15mi
10735 Merida Dr #14 Jacksonville, FL	4.0	2.0	1303	$1,635	$1.25	7d	1	0.25mi
10535 Lem Turner Rd Jacksonville, FL	1.0–4.0	1.0–2.0	1012	$1,562	$1.54	3d	40	0.38mi
2950 Bessent Rd Jacksonville, FL	3.0	2.0	1446	$1,779	$1.23	21d	1	0.54mi
2978 Centerwood Dr Jacksonville, FL	3.0	2.0	1437	$1,805	$1.26	23d	1	0.54mi
3029 Bessent Rd Jacksonville, FL	3.0	2.0	1330	$1,750	$1.32	3d	1	0.65mi
11211 Margarets Landing Pl Jacksonville, FL	3.0	2.0	1280	$1,826	$1.43	7d	1	0.85mi
1601 Dunn Ave Jacksonville, FL	1.0–3.0	1.0–2.0	852	$1,575	$1.85	3d	12	0.86mi
11029 Traci Lynn Dr Jacksonville, FL	3.0	2.0	1402	$1,550	$1.11	4d	1	0.87mi
2445 Dunn Ave Jacksonville, FL	1.0–3.0	1.0–2.0	850	$1,815	$2.14	1d	11	0.95mi
9565 Carbondale Dr W Unit B Jacksonville, FL	3.0	2.0	1400	$2,000	$1.43	23d	1	1.04mi
11332 Island Shore Dr W Jacksonville, FL	3.0	1.5	1178	$1,703	$1.45	4d	1	1.05mi
1333 Dunn Ave Jacksonville, FL	2.0	1.0	576	$1,185	$2.06	1d	16	1.07mi
11386 Margarets Landing Pl Jacksonville, FL	3.0	2.0	1280	$1,821	$1.42	21d	1	1.08mi
10529 Keuka Dr Jacksonville, FL	4.0	1.0	1101	$600	$0.54	7d	1	1.08mi
12802 Haverford Rd Jacksonville, FL	1.0–3.0	1.0–2.0	1000	$1,299	$1.30	1d	15	1.12mi
10561 Ashby Rd Jacksonville, FL	3.0	1.0	1034	$1,181	$1.14	23d	1	1.18mi
2346 Blossom Ridge Dr N Jacksonville, FL	3.0	2.0	1334	$1,819	$1.36	10d	1	1.21mi
10964 Bacall Rd W Jacksonville, FL	3.0	1.5	1138	$1,550	$1.36	23d	1	1.25mi
10310 Briarcliff Rd E Jacksonville, FL	3.0	2.0	1285	$1,399	$1.09	14d	1	1.25mi
1123 Depaul Dr Jacksonville, FL	3.0	1.5	1152	$1,295	$1.12	21d	1	1.30mi
9131 Jefferson Ave Jacksonville, FL	3.0	1.0	910	$1,350	$1.48	4d	1	1.30mi
2389 Hilly Rd Jacksonville, FL	3.0	1.0	908	$1,650	$1.82	23d	1	1.31mi
3216 Duane Ave Jacksonville, FL	2.0	1.0	748	$1,098	$1.47	7d	1	1.33mi
9124 Adams Ave Jacksonville, FL	3.0	3.0	1207	$1,800	$1.49	23d	1	1.36mi
1033 Ake Ln Jacksonville, FL	3.0	1.0	868	$1,200	$1.38	21d	1	1.38mi
3025 Armstrong St Jacksonville, FL	3.0	2.0	1120	$1,461	$1.30	20d	1	1.40mi
9279 6th Ave Jacksonville, FL	3.0	2.0	1150	$1,245	$1.08	4d	1	1.41mi
12154 Alexandra Dr Jacksonville, FL	3.0	2.0	1275	$1,700	$1.33	4d	1	1.43mi
9131 4th Ave Jacksonville, FL	3.0	2.0	1209	$1,496	$1.24	21d	1	1.47mi
9346 10th Ave Jacksonville, FL	3.0	1.0	985	$1,825	$1.85	23d	1	1.49mi

Listing history 8 events

1. 2026-06-07
   statusdays on market $219,900 Pending 15 DOM
2. 2026-06-05
   days on market $219,900 Active Under Contract 14 DOM
3. 2026-06-03
   days on market $219,900 Active Under Contract 13 DOM
4. 2026-06-02
   days on market $219,900 Active Under Contract 12 DOM
5. 2026-06-01
   days on market $219,900 Active Under Contract 11 DOM
6. 2026-05-31
   days on market $219,900 Active Under Contract 10 DOM
7. 2026-05-21
   listed $219,900 Active
8. 1989-11-01
   soldstatus $45,000

ⓘ 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: $848 · $71/mo
• Projected year-2 tax: $1,825 · $152/mo
• Expected delta: +$978/yr (+$81/mo · 115.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 24% 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: $20,493
• − Mortgage interest: −$12,318
• − Property taxes: −$848
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,639
• − Management: −$1,639
• − Depreciation: −$6,397
• Taxable loss: −$3,448
• Est. tax savings @ 24.0%: +$828
• After-tax cash flow: $1,232/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): 72,905
• Household income: $69,638
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 2289.0

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 0.64)
• Race & ethnicity: Black 48% White 35% Hispanic / Latino 9% Two or more races 8% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4%
• Common ancestry: Slovak 1% Lithuanian 1% Italian 1%
• Foreign-born: 6% · Canada, Jamaica, Vietnam
• Languages at home: 89% English-only · Spanish 6% French/Haitian/Cajun 1% Tagalog/Filipino 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: ▼ -90.73%
• Current HPI: 262.2329
• Rent YoY: ▼ -0.40%
• 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

+388.7% since first listed

2 events — show timeline

• 2026-05-21 Listed $219,900 realMLS
• 1989-11-01 Sold (Public Records) $45,000 Public Records

Property tax history

+4.8%/yr

Latest (2025): $848 · +26.7% YoY. Source: county tax records.