8048 Old Plank Rd · Jacksonville, FL 32220

$169,000

3 bd · 1.0 ba · 1,236 sqft · SingleFamily public records · 28 Days on market

Built 1978 3.47 ac lot Est $224k · 24% under

---

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 +21.6/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +6.1/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Renovate or create your private waterfront paradise on over 3 acres close to everything the city has to offer. A spring-fed pond is the stunning centerpiece of this private homestead. The possibilities are endless with no HOA, and currently zoned residential rural. The house on the property has two private living spaces, a downstairs 1BR/1BA suite with den and an upstairs 2BR/1BA home with separate living and kitchen. Plenty of storage in the downstairs utility closet and laundry room. Could be renovated for multigenerational living or income generation. Brand new roof, and newer HVAC, and Water Heater. AS-IS, Seller to make no repairs. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer.

Key facts

• Private acres
• Pond
• Existing structure

Tags

• PRIVATE ACRES
• POND
• WATERFRONT SETTING
• MATURE TREES
• NATURAL LANDSCAPE
• EXISTING STRUCTURE

Property features AI

Finance

• Financial info: Annual taxes listed (see broker for details)
• HOA & community: Not a senior community

Exterior

• Parking: Other parking
• Utilities: Septic tank; Electricity available
• Home design: Single-family residence; Residential use
• Exterior features: Pond on the property; Approximately 3.47 acres

Interior

• Kitchen: No kitchen appliances listed
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating specified; No cooling specified
• Interior features: No built-in appliances listed
• Laundry & utility: No laundry appliances listed

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $169k.

Deal economics

• At list price, monthly cash flow is $257 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $169k).
• Recommended offer: $166k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.1% 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: 107 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $1k of loan paydown is wiped out by about $5k 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 28 days — a 2% lower offer ($166k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $31k (15%) 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; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $166,465 (1.5% below list)

Questions for the listing agent

1. Built in 1978 — 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. 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.
5. 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.
6. 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: 1.11% ✓
• Cap rate: 8.12%
• Cash-on-cash: 6.53%
• DSCR: 1.29
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $223,716
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8131 Oklahoma St	0.19mi	3/2.0	1,209 (-2%)	8mo	$245,020	$203	77
8051 Driggers St	0.20mi	3/2.0	1,200 (-3%)	7mo	$213,303	$178	76
8045 Driggers St	0.21mi	3/2.0	1,209 (-2%)	10mo	$244,900	$203	75
8341 Colville St	0.44mi	3/1.0	1,254 (+2%)	3mo	$130,000	$104	75
8057 Driggers St	0.21mi	3/2.0	1,209 (-2%)	11mo	$244,900	$203	74
7939 Mariner St	0.65mi	3/2.0	1,209 (-2%)	4mo	$239,900	$198	59
7846 Hammond Blvd	0.67mi	3/2.0	1,209 (-2%)	10mo	$217,000	$179	53
7829 Mariner St	0.70mi	3/2.0	1,196 (-3%)	9mo	$246,000	$206	51
8479 Three Creeks Blvd	0.71mi	2/2.0 (-1)	1,182 (-4%)	1mo	$214,000	$181	50
8471 Three Creeks Blvd	0.69mi	3/2.0	1,332 (+8%)	5mo	$230,000	$173	46
8146 Hammond Blvd	0.63mi	2/1.0 (-1)	1,116 (-10%)	4mo	$170,000	$152	46
8041 Hastings St	0.69mi	3/2.0	1,390 (+12%)	7mo	$202,000	$145	37

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.2%
• Equity multiple: 0.77×
• Total profit: $-10,926
• Equity at exit: $25,198

10-year hold

• IRR: 3.5%
• Equity multiple: 1.25×
• Total profit: $11,861
• Equity at exit: $14,612

Cash invested: $47,320 (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 32220

• Home prices YoY: -18.1%
• Active inventory: 107
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,880 high
• Mortgage (P&I): −$886
• Tax from tax record: −$271 /mo · $3,250/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $257

Break-even live

Break-even rent $1,554

Max offer price $169,000

Occupancy floor 81%

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8331 Old Plank Rd Jacksonville, FL	3.0	2.0	1080	$1,595	$1.48	17d	1	0.38mi
7847 Mariner St Jacksonville, FL	3.0	2.0	1209	$1,599	$1.32	23d	1	0.69mi
7841 Mariner St Jacksonville, FL	3.0	2.0	1209	$1,625	$1.34	17d	1	0.69mi
8054 Paschal St Jacksonville, FL	4.0	1.0	1192	$1,850	$1.55	23d	1	0.81mi
863 Westgate Dr Jacksonville, FL	3.0	2.0	1287	$1,800	$1.40	17d	1	1.43mi

Listing history 24 events

1. 2026-06-18
   days on market $169,000 Active 28 DOM
2. 2026-06-17
   days on market $169,000 Active 27 DOM
3. 2026-06-16
   days on market $169,000 Active 26 DOM
4. 2026-06-15
   days on market $169,000 Active 25 DOM
5. 2026-06-13
   days on market $169,000 Active 23 DOM
6. 2026-06-13
   days on market $169,000 Active 22 DOM
7. 2026-06-10
   pricedays on market $169,000 Active 19 DOM
8. 2026-06-08
   days on market $199,900 Active 18 DOM
9. 2026-06-07
   days on market $199,900 Active 17 DOM
10. 2026-06-05
    days on market $199,900 Active 14 DOM
11. 2026-06-03
    days on market $199,900 Active 13 DOM
12. 2026-06-02
    days on market $199,900 Active 12 DOM
13. 2026-06-01
    days on market $199,900 Active 11 DOM
14. 2026-05-31
    days on market $199,900 Active 10 DOM
15. 2026-05-21
    listed $199,900 Active
16. 2022-05-02
    soldstatus $202,000
17. 2022-04-19
    soldstatus $202,000 Sold 770-char remark

    Show marketing remark (768 chars)

    Renovate or create your private waterfront paradise on over 3 acres close to everything the city has to offer. A spring-fed pond is the stunning centerpiece of this private homestead. The possibilities are endless with no HOA, and currently zoned residential rural. The house on the property has two private living spaces, a downstairs 1BR/1BA suite with den and an upstairs 2BR/1BA home with separate living and kitchen. Plenty of storage in the downstairs utility closet and laundry room. Could be renovated for multigenerational living or income generation. Brand new roof, and newer HVAC, and Water Heater. AS-IS, Seller to make no repairs. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer.

18. 2022-04-19
    soldstatus $202,000 Closed 768-char remark

    Show marketing remark (768 chars)

    Renovate or create your private waterfront paradise on over 3 acres close to everything the city has to offer. A spring-fed pond is the stunning centerpiece of this private homestead. The possibilities are endless with no HOA, and currently zoned residential rural. The house on the property has two private living spaces, a downstairs 1BR/1BA suite with den and an upstairs 2BR/1BA home with separate living and kitchen. Plenty of storage in the downstairs utility closet and laundry room. Could be renovated for multigenerational living or income generation. Brand new roof, and newer HVAC, and Water Heater. AS-IS, Seller to make no repairs. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer.

19. 2022-03-22
    status Pending 770-char remark

    Show marketing remark (770 chars)

    Renovate or create your private waterfront paradise on over 3 acres close to everything the city has to offer. A spring-fed pond is the stunning centerpiece of this private homestead. The possibilities are endless with no HOA, and currently zoned residential rural. The house on the property has two private living spaces, a downstairs 1BR/1BA suite with den and an upstairs 2BR/1BA home with separate living and kitchen. Plenty of storage in the downstairs utility closet and laundry room. Could be renovated for multigenerational living or income generation. Brand new roof, and newer HVAC, and Water Heater. AS-IS, Seller to make no repairs. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer.

20. 2022-03-21
    historical Contingent- Accepting Backups 768-char remark

    Show marketing remark (770 chars)

    Renovate or create your private waterfront paradise on over 3 acres close to everything the city has to offer. A spring-fed pond is the stunning centerpiece of this private homestead. The possibilities are endless with no HOA, and currently zoned residential rural. The house on the property has two private living spaces, a downstairs 1BR/1BA suite with den and an upstairs 2BR/1BA home with separate living and kitchen. Plenty of storage in the downstairs utility closet and laundry room. Could be renovated for multigenerational living or income generation. Brand new roof, and newer HVAC, and Water Heater. AS-IS, Seller to make no repairs. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer.

21. 2022-03-21
    historical Active - Contingent 770-char remark

    Show marketing remark (770 chars)

    Renovate or create your private waterfront paradise on over 3 acres close to everything the city has to offer. A spring-fed pond is the stunning centerpiece of this private homestead. The possibilities are endless with no HOA, and currently zoned residential rural. The house on the property has two private living spaces, a downstairs 1BR/1BA suite with den and an upstairs 2BR/1BA home with separate living and kitchen. Plenty of storage in the downstairs utility closet and laundry room. Could be renovated for multigenerational living or income generation. Brand new roof, and newer HVAC, and Water Heater. AS-IS, Seller to make no repairs. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer.

22. 2022-03-18
    listed $199,900 Active 770-char remark

    Show marketing remark (768 chars)

    Renovate or create your private waterfront paradise on over 3 acres close to everything the city has to offer. A spring-fed pond is the stunning centerpiece of this private homestead. The possibilities are endless with no HOA, and currently zoned residential rural. The house on the property has two private living spaces, a downstairs 1BR/1BA suite with den and an upstairs 2BR/1BA home with separate living and kitchen. Plenty of storage in the downstairs utility closet and laundry room. Could be renovated for multigenerational living or income generation. Brand new roof, and newer HVAC, and Water Heater. AS-IS, Seller to make no repairs. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer.

23. 2022-03-18
    listed $199,900 Active 768-char remark

    Show marketing remark (768 chars)

    Renovate or create your private waterfront paradise on over 3 acres close to everything the city has to offer. A spring-fed pond is the stunning centerpiece of this private homestead. The possibilities are endless with no HOA, and currently zoned residential rural. The house on the property has two private living spaces, a downstairs 1BR/1BA suite with den and an upstairs 2BR/1BA home with separate living and kitchen. Plenty of storage in the downstairs utility closet and laundry room. Could be renovated for multigenerational living or income generation. Brand new roof, and newer HVAC, and Water Heater. AS-IS, Seller to make no repairs. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer.

24. 1980-03-18
    soldstatus $35,200

ⓘ 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: $3,250 · $271/mo
• Projected year-2 tax: $3,250 · $271/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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,555
• − Mortgage interest: −$9,467
• − Property taxes: −$3,250
• − Insurance: −$845
• − Repairs & maintenance: −$1,804
• − Management: −$1,804
• − Depreciation: −$4,916
• Taxable income: $469
• Est. tax owed @ 24.0%: −$112
• After-tax cash flow: $2,976/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): 12,298
• Household income: $81,792
• Rent vs Own: 13.7% rent · 86.3% own
• Severe rent burden: 177.0

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 0.58)
• Race & ethnicity: White 61% Black 19% Hispanic / Latino 11% Two or more races 11% Asian 5%
• Hispanic origin (detail): Cuban 7%
• Common ancestry: Italian 2% Slovak 1% Portuguese 1%
• Foreign-born: 8% · Canada
• Languages at home: 95% English-only · Spanish 4% Arabic 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: ▼ -64.90%
• Current HPI: 293.7943
• Rent YoY: —
• 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

+467.9% since first listed

10 events — show timeline

• 2026-05-21 Listed $199,900 realMLS
• 2022-05-02 Sold (Public Records) $202,000 Public Records
• 2022-04-19 Sold (MLS) $202,000 St. Augustine and St. Johns County Board of REALTORS®
• 2022-04-19 Sold (MLS) $202,000 realMLS
• 2022-03-22 Pending — realMLS
• 2022-03-21 Contingent — St. Augustine and St. Johns County Board of REALTORS®
• 2022-03-21 Contingent — realMLS
• 2022-03-18 Listed $199,900 St. Augustine and St. Johns County Board of REALTORS®
• 2022-03-18 Listed $199,900 realMLS
• 1980-03-18 Sold (Public Records) $35,200 Public Records

Property tax history

+14.2%/yr

Latest (2025): $3,250 · +19.8% YoY. Source: county tax records.