5515 118th St · Jacksonville, FL 32244

$34,000

3 bd · 4.0 ba · 1,844 sqft · Manufactured public records · 13 Days on market

Built 2022 1.15 ac lot ↓ 33% since listing

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

2021 Mobile Home For Sale This 2021 mobile home is ready for its new owner, only 4 years old, which is rare to find in our current market this is a good steal !! Home can be moved or can stay, we do have transport . Only one owner, good condition, and move in ready $680 lot rent includes water, sewer, and trash PRICED TO SELL QUICK, WILL NOT LAST LONG Title Ready Free & Clear Fast Closing All age community park has great amenities and high demanding area home has washer and dryer hook up, pantry, and nice large kitchen SERIOUS INQUIRIES ONLY

Key facts

• 1.15 acre lot
• Built 2022
• Listed 13 days

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Other parking type
• Utilities: Public sewer; Sewer and water available
• Home design: Mobile home; Single-story
• Exterior features: No private pool; Lot of approximately 1.15 acres; Residential use

Interior

• Kitchen: Kitchen (15 x 14)
• Bedrooms: 3 bedrooms (all on the first floor)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Total of 5 rooms; One-level layout

What this means for you Summary

Snapshot

• This is a 3-bed/4.0-bath manufactured listed at $34k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $34k).
• Cap rate 46.3% 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: Timucuan Elementary School (math 34% / reading 22%, grade F, #1,951 of 2,144 statewide, top 91%, 491 students, 77% FRL); Westside High School (math 26% / reading 19%, grade F, #539 of 667 statewide, top 81%, 1,583 students, 63% FRL) — zoned schools average 70% FRL vs 49% district-wide (21 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 (+2.2%/yr); 349 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).
• This rent runs 33% of the median local income ($62k/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 $235 of loan paydown is wiped out by about $1k 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 + 2.2% rent growth), your $10k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts; this cycle's ask has dropped $5k (13%) 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; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $34,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
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: 5.10% ✓
• Cap rate: 46.35%
• Cash-on-cash: 143.06%
• DSCR: 7.37
• GRM: 1.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.25% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 7.88×
• Total profit: $65,501
• Equity at exit: $5,070

10-year hold

• IRR: —
• Equity multiple: 16.23×
• Total profit: $144,969
• Equity at exit: $2,940

Cash invested: $9,520 (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 32244

• Home prices YoY: -17.8%
• Rents YoY: 2.2%
• Active inventory: 349
• Price-to-rent: 1.6×

Monthly cashflow live

• Estimated rent: $1,734 high
• Mortgage (P&I): −$178
• Tax est. 1.5%: −$42 /mo · $510/yr
• Insurance: −$14
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $1,135

Break-even live

Break-even rent $297

Max offer price $34,000

Occupancy floor 30%

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: $8,500
• Closing costs: $1,020
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5626 Bryner Dr Jacksonville, FL	2.0	3.0	1404	$1,320	$0.94	21d	1	0.63mi
5642 Bryner Dr Jacksonville, FL	2.0	1.5	1406	$1,290	$0.92	21d	1	0.64mi
5639 Bullseye Cir Jacksonville, FL	3.0	2.0	1574	$1,825	$1.16	23d	1	0.74mi
5939 Pueblo Ct Jacksonville, FL	4.0	2.0	1288	$1,495	$1.16	7d	1	0.77mi
5726 Ovella Rd Jacksonville, FL	3.0	2.0	1579	$1,650	$1.04	23d	1	0.84mi
5433 Lafayette Park Dr N Jacksonville, FL	4.0	2.0	2108	$2,600	$1.23	23d	1	0.91mi
5983 Ortega Lake Dr Unit 1 Jacksonville, FL	3.0	2.5	1400	$1,950	$1.39	23d	1	0.92mi
6051 Maggies Cir #107 Jacksonville, FL	3.0	2.0	1335	$1,400	$1.05	21d	1	0.94mi
6063 Maggies Cir #110 Jacksonville, FL	3.0	2.0	1335	$1,350	$1.01	4d	1	0.97mi
6063 Maggies Cir Jacksonville, FL	2.0–3.0	2.0	1121	$1,350	$1.20	16d	2	0.97mi
6111 Maggies Cir #107 Jacksonville, FL	3.0	2.0	1335	$1,350	$1.01	23d	1	0.99mi
6112 Maggies Cir #108 Jacksonville, FL	3.0	2.0	1335	$1,375	$1.03	23d	1	1.00mi
6136 Blanding Blvd Jacksonville, FL	1.0–3.0	1.0–2.0	1030	$2,020	$1.96	1d	9	1.02mi
6105 Maggies Cir Jacksonville, FL	2.0–3.0	2.0	1121	$1,445	$1.29	17d	2	1.03mi
6105 Maggies Cir #115 Jacksonville, FL	3.0	2.0	1335	$1,425	$1.07	1d	1	1.03mi
5327 Timuquana Rd Jacksonville, FL	1.0–3.0	1.0–2.0	950	$1,599	$1.68	1d	27	1.04mi
6983 Lafayette Park Dr Jacksonville, FL	4.0	2.0	1854	$1,916	$1.03	13d	1	1.06mi
6094 Maggies Cir #107 Jacksonville, FL	3.0	2.0	1335	$1,425	$1.07	14d	1	1.07mi
6099 Maggies Cir #101 Jacksonville, FL	3.0	2.0	1335	$1,650	$1.24	17d	1	1.08mi
5988 Creekside Crossing Dr Jacksonville, FL	3.0	2.5	1404	$1,850	$1.32	14d	1	1.20mi
5984 Creekside Crossing Dr Jacksonville, FL	3.0	2.5	1404	$1,695	$1.21	14d	1	1.21mi
5958 Creekside Crossing Dr Jacksonville, FL	3.0	2.5	1404	$1,895	$1.35	10d	1	1.21mi
5058 Acre Estates Dr W Jacksonville, FL	3.0	2.0	1402	$1,825	$1.30	2d	1	1.21mi
5900 Townsend Rd Jacksonville, FL	1.0–3.0	1.0–2.0	1177	$1,699	$1.44	2d	12	1.31mi
6428 Hannah Stables Dr Jacksonville, FL	3.0	2.0	1613	$1,800	$1.12	1d	1	1.41mi
6325 Delacy Rd Jacksonville, FL	4.0	2.0	1286	$1,680	$1.31	4d	1	1.47mi

Listing history 8 events

1. 2026-06-01
   days on market $34,000 Active 13 DOM
2. 2026-05-31
   days on market $34,000 Active 12 DOM
3. 2026-05-19
   listed $39,000 Active
4. 2026-01-19
   soldstatus Sold 564-char remark

   Show marketing remark (564 chars)

   2021 Mobile Home For Sale This 2021 mobile home is ready for its new owner, only 4 years old, which is rare to find in our current market this is a good steal !! Home can be moved or can stay, we do have transport . Only one owner, good condition, and move in ready $680 lot rent includes water, sewer, and trash PRICED TO SELL QUICK, WILL NOT LAST LONG Title Ready Free & Clear Fast Closing All age community park has great amenities and high demanding area home has washer and dryer hook up, pantry, and nice large kitchen SERIOUS INQUIRIES ONLY

5. 2025-12-23
   price $69,500 564-char remark

   Show marketing remark (564 chars)

   2021 Mobile Home For Sale This 2021 mobile home is ready for its new owner, only 4 years old, which is rare to find in our current market this is a good steal !! Home can be moved or can stay, we do have transport . Only one owner, good condition, and move in ready $680 lot rent includes water, sewer, and trash PRICED TO SELL QUICK, WILL NOT LAST LONG Title Ready Free & Clear Fast Closing All age community park has great amenities and high demanding area home has washer and dryer hook up, pantry, and nice large kitchen SERIOUS INQUIRIES ONLY

6. 2025-12-21
   listed $72,500 Active 564-char remark

   Show marketing remark (564 chars)

   2021 Mobile Home For Sale This 2021 mobile home is ready for its new owner, only 4 years old, which is rare to find in our current market this is a good steal !! Home can be moved or can stay, we do have transport . Only one owner, good condition, and move in ready $680 lot rent includes water, sewer, and trash PRICED TO SELL QUICK, WILL NOT LAST LONG Title Ready Free & Clear Fast Closing All age community park has great amenities and high demanding area home has washer and dryer hook up, pantry, and nice large kitchen SERIOUS INQUIRIES ONLY

7. 1999-10-28
   soldstatus $78,500
8. 1984-01-01
   soldstatus $58,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,808
• − Mortgage interest: −$1,905
• − Property taxes: −$510
• − Insurance: −$170
• − Repairs & maintenance: −$1,665
• − Management: −$1,665
• − Depreciation: −$989
• Taxable income: $13,905
• Est. tax owed @ 24.0%: −$3,337
• After-tax cash flow: $10,282/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): 63,592
• Household income: $62,204
• Rent vs Own: 43.7% rent · 56.3% own
• Severe rent burden: 2799.0

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: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 39% Black 35% Hispanic / Latino 15% Two or more races 10% Asian 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6% Cuban 3%
• Common ancestry: Hispanic 1% Lithuanian 1% Romanian 1%
• Foreign-born: 12% · Canada, Vietnam, China
• Languages at home: 83% English-only · Spanish 9% Tagalog/Filipino 3% French/Haitian/Cajun 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: ▼ -64.22%
• Current HPI: 296.5375
• Rent YoY: ▲ 2.25%
• 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

-33.3% since first listed

6 events — show timeline

• 2026-05-19 Listed $39,000 realMLS
• 2026-01-19 Sold (MLS) — ForSaleByOwner.com
• 2025-12-23 Price Changed $69,500 ForSaleByOwner.com
• 2025-12-21 Listed $72,500 ForSaleByOwner.com
• 1999-10-28 Sold (Public Records) $78,500 Public Records
• 1984-01-01 Sold (Public Records) $58,500 Public Records

Property tax history

-0.8%/yr

Latest (2025): $2,696 · -0.6% YoY. Source: county tax records.