2753 King Cole Dr · Jacksonville, FL 32209

$155,000

3 bd · 1.0 ba · 981 sqft · SingleFamily public records · 65 Days on market

Built 1957 9,147 sqft lot Est $115k · 35% 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 +14.6/30.0
• DSCR +4.5/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• 1% rule +3.5/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is a short sale. Any reduction in commission will be split equally betwen Listing and Selling Broker. Perfect for the Savvy Investor. Solid concrete Block structure. The neighborhod is very quiet and peaceful. Near schools ad public transportation. Won't last long

Key facts

• 9,147 sq ft lot
• Parking
• Built 1957

Property features AI

Finance

• Other: No private pool
• Financial info: Financial details not provided
• HOA & community: Not a senior community

Exterior

• Parking: Carport (1 space); Additional parking available
• Security: No specific security features listed
• Utilities: Public sewer; Cable available
• Home design: Single family residence; Used as a single-family home
• Construction: Construction details not provided
• Exterior features: 0.21-acre lot

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air
• Interior features: Central heating and central air conditioning; Cable available
• Laundry & utility: Washer/dryer info not provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $37 ($449/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 $131k (15.3% below list).
• Recommended offer: $131k (15.3% below list) — sets the bar for 1% rule.
• Cap rate 6.6% 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: George Washington Carver Elementary (math 37% / reading 22%, grade F, #1,896 of 2,144 statewide, top 90%, 290 students, 87% FRL); Joseph Stilwell Middle School (math 31% / reading 33%, grade F, #448 of 571 statewide, top 79%, 612 students, 68% FRL); William M. Raines High School (math 14% / reading 13%, grade F, #616 of 667 statewide, top 92%, 1,217 students, 78% FRL) — zoned schools average 78% FRL vs 49% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 25% at this address vs 46% district-wide (-20 pts) — the specific schools serving this property underperform the Duval average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.8%/yr); 399 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 $1,313/mo this rent would consume 52% of the median local household income ($31k/yr) (locally 2921% 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 $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 65 days — a 6% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 14y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1957 — 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 $131,340 (15.3% below list)

Questions for the listing agent

1. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — 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. 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?
7. 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.
8. 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.
9. 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: 0.85% ✗
• Cap rate: 6.58%
• Cash-on-cash: 1.03%
• DSCR: 1.05
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $114,777
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5248 Bunche Dr	0.10mi	3/1.0	900 (-8%)	3mo	$110,000	$122	79
5638 Vernon Rd	0.39mi	3/1.0	963 (-2%)	2mo	$99,000	$103	77
5428 Bunche Dr	0.13mi	3/1.0	900 (-8%)	5mo	$105,000	$117	76
5342 Mays Dr	0.26mi	3/1.0	900 (-8%)	4mo	$74,500	$83	71
3838 Penton St	0.61mi	3/1.0	950 (-3%)	1mo	$110,000	$116	66
3140 Breve Dr	0.53mi	3/1.0	1,040 (+6%)	3mo	$125,000	$120	63
2170 Talladega Rd	0.68mi	3/1.0	1,000 (+2%)	5mo	$179,017	$179	61
2117 W 41st St	0.71mi	3/1.0	960 (-2%)	3mo	$19,000	$20	60
2603 Sunny Acres Dr N	0.32mi	3/1.0	854 (-13%)	4mo	$105,000	$123	60
2736 Lippia Rd	0.44mi	3/1.0	856 (-13%)	0mo	$62,500	$73	58
5846 Abelia Rd	0.65mi	3/1.5	1,058 (+8%)	2mo	$60,000	$57	53
4266 Carroll Dr	0.65mi	4/2.0 (+1)	1,101 (+12%)	4mo	$130,000	$118	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 · 1.81% rent growth · sell at horizon

5-year hold

• IRR: -15.9%
• Equity multiple: 0.44×
• Total profit: $-24,314
• Equity at exit: $23,111

10-year hold

• IRR: -9.6%
• Equity multiple: 0.44×
• Total profit: $-24,430
• Equity at exit: $13,402

Cash invested: $43,400 (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: 399
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,313 high
• Mortgage (P&I): −$813
• Tax from tax record: −$123 /mo · $1,473/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $37

Break-even live

Break-even rent $1,266

Max offer price $155,000

Occupancy floor 92%

Sensitivity live

Price	-10% $125	-5% $81	+0% $37	+5% $-6	+10% $-50
Rent	-10% $-66	-5% $-15	+0% $37	+5% $89	+10% $141
Rate	-1.0pp $115	-0.5pp $77	base $37	+0.5pp $-3	+1.0pp $-44

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5428 Bunche Dr Jacksonville, FL	3.0	1.0	900	$1,600	$1.78	25d	1	0.15mi
5217 Mays Dr Jacksonville, FL	3.0	1.0	900	$1,250	$1.39	9d	1	0.24mi
5326 Mays Dr Jacksonville, FL	3.0	1.0	900	$1,200	$1.33	25d	1	0.25mi
5035 Campenella Dr Jacksonville, FL	3.0	1.0	875	$1,095	$1.25	25d	1	0.42mi
5531 Agra Ct Jacksonville, FL	3.0	1.0	988	$1,295	$1.31	16d	1	0.42mi
2904 Lippia Rd Jacksonville, FL	4.0	1.0	964	$1,400	$1.45	25d	1	0.48mi
2221 W 39th St Jacksonville, FL	2.0	1.0	675	$800	$1.19	25d	1	0.56mi
2661 W 25th St Jacksonville, FL	4.0	2.0	1031	$1,350	$1.31	25d	1	0.57mi
2268 W 44th St Jacksonville, FL	3.0	2.0	1077	$1,440	$1.34	5d	1	0.58mi
5355 New Kings Rd Unit 21 Jacksonville, FL	2.0	1.0	700	$800	$1.14	6d	1	0.62mi
2540 W 25th St Jacksonville, FL	3.0	1.5	854	$1,295	$1.52	16d	1	0.62mi
2171 W 40th St Jacksonville, FL	2.0	1.0	700	$950	$1.36	25d	1	0.64mi
5306 Paris Ave Jacksonville, FL	3.0	1.0	944	$1,150	$1.22	25d	1	0.65mi
5355 New Kings Rd Unit 10 Jacksonville, FL	2.0	1.0	528	$775	$1.47	25d	1	0.66mi
3516 Penton St Jacksonville, FL	3.0	1.0	1000	$1,350	$1.35	25d	1	0.70mi
2050 W 40th St Jacksonville, FL	3.0	1.0	1010	$1,350	$1.34	18d	1	0.79mi
4144 Katanga Dr N Jacksonville, FL	3.0	1.0	1114	$1,095	$0.98	25d	1	0.88mi
4294 Katanga Dr N Jacksonville, FL	3.0	1.0	864	$1,450	$1.68	25d	1	0.89mi
2627 Wylene St Jacksonville, FL	2.0	2.0	594	$1,400	$2.36	25d	1	0.90mi
2185 Benedict Rd Jacksonville, FL	2.0	1.0	630	$995	$1.58	25d	1	0.94mi
2185 Benedict Rd Unit 2187 Jacksonville, FL	2.0	1.0	630	$995	$1.58	12d	1	0.94mi
2092 Benedict Rd Jacksonville, FL	3.0	1.0	816	$1,095	$1.34	25d	1	0.97mi
1959 W 45th St Jacksonville, FL	2.0	1.0	895	$1,245	$1.39	15d	1	1.00mi
6114 Strawflower Pl Jacksonville, FL	3.0	1.0	1030	$1,200	$1.17	25d	1	1.04mi
2345 W 15th St Jacksonville, FL	3.0	2.0	1112	$1,400	$1.26	25d	1	1.13mi
6601 Cleveland Rd Jacksonville, FL	3.0	1.0	896	$1,400	$1.56	25d	1	1.15mi
1823 W 44th St Jacksonville, FL	3.0	2.0	1066	$1,500	$1.41	25d	1	1.17mi
1803 W 44th St Unit 1803 Jacksonville, FL	2.0	1.0	750	$950	$1.27	9d	1	1.20mi
5350 Dodge Rd Jacksonville, FL	3.0	1.0	1000	$1,500	$1.50	25d	1	1.22mi
5352 Dodge Rd Jacksonville, FL	3.0	2.0	1050	$1,261	$1.20	25d	1	1.23mi
1863 W 29th St Jacksonville, FL	3.0	2.0	956	$1,190	$1.24	23d	1	1.25mi
1839 W 30th St Jacksonville, FL	3.0	1.0	828	$1,050	$1.27	25d	1	1.27mi
4236 Homer Rd N Jacksonville, FL	3.0	1.0	888	$1,250	$1.41	13d	1	1.29mi
2169 W 14th St Jacksonville, FL	3.0	1.0	972	$1,200	$1.23	4d	1	1.29mi
1968 W 23rd St Unit Main Jacksonville, FL	3.0	2.0	1106	$1,400	$1.27	23d	1	1.30mi
1971 W 22nd St Jacksonville, FL	3.0	1.0	1094	$1,095	$1.00	9d	1	1.31mi
2854 Wickwire St Jacksonville, FL	2.0	1.0	948	$1,300	$1.37	5d	1	1.32mi
2052 W 17th St Jacksonville, FL	2.0	1.0	652	$975	$1.50	3d	1	1.32mi
1830 W 27th St Jacksonville, FL	3.0	2.0	952	$1,375	$1.44	25d	1	1.34mi
1842 W 26th St Jacksonville, FL	3.0	2.0	933	$1,200	$1.29	25d	1	1.34mi

Listing history 18 events

1. 2026-06-21
   days on market $155,000 Active 65 DOM
2. 2026-06-18
   days on market $155,000 Active 62 DOM
3. 2026-06-17
   price $155,000 Active 61 DOM
4. 2026-06-17
   days on market $160,000 Active 61 DOM
5. 2026-06-16
   days on market $160,000 Active 60 DOM
6. 2026-06-15
   days on market $160,000 Active 59 DOM
7. 2026-06-13
   days on market $160,000 Active 56 DOM
8. 2026-06-10
   days on market $160,000 Active 53 DOM
9. 2026-06-08
   days on market $160,000 Active 52 DOM
10. 2026-06-07
    pricedays on market $160,000 Active 51 DOM
11. 2026-06-05
    days on market $170,000 Active 48 DOM
12. 2026-06-03
    days on market $170,000 Active 47 DOM
13. 2026-06-02
    days on market $170,000 Active 46 DOM
14. 2026-06-01
    days on market $170,000 Active 45 DOM
15. 2026-05-31
    days on market $170,000 Active 44 DOM
16. 2026-04-17
    listed $170,000 Active
17. 2012-08-29
    historical 275-char remark

    Show marketing remark (275 chars)

    This is a short sale. Any reduction in commission will be split equally betwen Listing and Selling Broker. Perfect for the Savvy Investor. Solid concrete Block structure. The neighborhod is very quiet and peaceful. Near schools ad public transportation. Won't last long

18. 2012-08-07
    listed $17,000 275-char remark

    Show marketing remark (275 chars)

    This is a short sale. Any reduction in commission will be split equally betwen Listing and Selling Broker. Perfect for the Savvy Investor. Solid concrete Block structure. The neighborhod is very quiet and peaceful. Near schools ad public transportation. Won't last long

ⓘ 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: $1,473 · $123/mo
• Projected year-2 tax: $1,473 · $123/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 · 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: $15,761
• − Mortgage interest: −$8,682
• − Property taxes: −$1,473
• − Insurance: −$775
• − Repairs & maintenance: −$1,261
• − Management: −$1,261
• − Depreciation: −$4,509
• Taxable loss: −$2,201
• Est. tax savings @ 24.0%: +$528
• After-tax cash flow: $977/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

+900.0% since first listed

3 events — show timeline

• 2026-04-17 Listed $170,000 realMLS
• 2012-08-29 Listing Removed — realMLS
• 2012-08-07 Listed $17,000 realMLS

Property tax history

+9.0%/yr

Latest (2025): $1,473 · +19.8% YoY. Source: county tax records.