387 Parkridge Ave · Lakeside, FL 32065

$175,000

3 bd · 2.0 ba · 1,216 sqft · Manufactured public records · 17 Days on market

Built 1997 0.48 ac lot Est $219k · 20% under

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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 +19.4/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• Schools +5.1/10.0
• 1% rule +4.8/10.0
• Rent growth +3.4/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Great starter home. 0.48 acre corner lot fully fenced in. New roof, new AC. * 1 of the bathroom will be renovated before closing. * kitchen cabinets will be replaced before closing. The house still needs some TLC. No HOA, no CDD fees.

Key facts

• Fully fenced
• Bathroom renovated
• New ac

Tags

• CORNER LOT
• FULLY FENCED
• NEW ROOF
• NEW AC
• BATHROOM RENOVATED
• KITCHEN CABINETS REPLACED

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Other parking (details not specified)
• Utilities: Electricity connected; Public sewer; Water connected; Sewer connected
• Home design: Single wide manufactured home; Property is attached; Currently used as a residential manufactured home
• Exterior features: Corner lot; Fenced yard with chain link fencing; Shingle roof

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Appliances other than standard (details not specified)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $175k.

Deal economics

• At list price, monthly cash flow is $195 ($2k/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 (2.1% below list).
• Recommended offer: $171k (2.1% below list) — sets the bar for 1% rule.
• Cap rate 7.6% vs local median 4.7% in Lakeside — 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 68/100 on livability (#505 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B; Watch: amenities F, commute F, health & safety F.
• Clay (suburban): math 58% / reading 59% proficiency, ranked #14 of 73 in FL (top 19%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.7%/yr); 217 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,876 units permitted in Clay County in 2024 (14 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.
• Clay 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 17 days — a 2% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $45k; list at $175k implies a 289% 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→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $171,305 (2.1% below list)

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. 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.
4. 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.
5. 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: 0.98% ✗
• Cap rate: 7.63%
• Cash-on-cash: 4.78%
• DSCR: 1.21
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $218,880
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
440 Hansen Ave	0.73mi	4/2.0 (+1)	1,248 (+3%)	14mo	$225,000	$180	45
758 Washington Ave	0.59mi	3/2.0	1,380 (+14%)	8mo	$170,000	$123	43

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 · 3.73% rent growth · sell at horizon

5-year hold

• IRR: -8.1%
• Equity multiple: 0.70×
• Total profit: $-14,654
• Equity at exit: $26,093

10-year hold

• IRR: 2.4%
• Equity multiple: 1.17×
• Total profit: $8,515
• Equity at exit: $15,131

Cash invested: $49,000 (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 32065

• Home prices YoY: -25.6%
• Rents YoY: 3.7%
• Active inventory: 217
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,713 high
• Mortgage (P&I): −$918
• Tax from tax record: −$167 /mo · $2,008/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$360
• Net cashflow: $195

Break-even live

Break-even rent $1,466

Max offer price $175,000

Occupancy floor 84%

Sensitivity live

Price	-10% $294	-5% $245	+0% $195	+5% $146	+10% $96
Rent	-10% $60	-5% $128	+0% $195	+5% $263	+10% $331
Rate	-1.0pp $283	-0.5pp $240	base $195	+0.5pp $150	+1.0pp $104

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
49 College Dr Orange Park, FL	2.0	2.0	784	$1,150	$1.47	8d	8	0.41mi
409 Jefferson Ave Orange Park, FL	1.0–2.0	1.0–2.0	720	$1,370	$1.90	3d	2	0.51mi
1270 Ticonderoga Trl Unit C Orange Park, FL	2.0	2.0	922	$1,300	$1.41	24d	1	0.65mi
1324 Jefferson Ave Orange Park, FL	2.0	2.0	926	$1,245	$1.34	24d	1	0.67mi
1324 Jefferson Ave Orange Park, FL	2.0	2.0	922	$1,245	$1.35	3d	1	0.67mi
1333 Jefferson Ave Unit D Orange Park, FL	2.0	2.0	922	$1,325	$1.44	24d	1	0.69mi
1330 Jefferson Ave Orange Park, FL	2.0	2.0	922	$1,250	$1.36	16d	1	0.70mi
1248 Ticonderoga Trl Unit C Orange Park, FL	2.0	2.0	922	$1,195	$1.30	8d	1	0.76mi
2716 Secret Harbor Dr Orange Park, FL	3.0	2.0	1268	$1,695	$1.34	8d	1	0.78mi
2716 Secret Harbor Dr Orange Park, FL	3.0	2.0	1388	$1,695	$1.22	4d	1	0.78mi
1177 Kincross Ct Orange Park, FL	3.0	2.0	1426	$1,885	$1.32	24d	1	0.84mi
1281 Independence Dr Orange Park, FL	3.0	2.0	1087	$1,695	$1.56	24d	1	0.93mi
2897 Gatling Blvd Orange Park, FL	3.0	2.0	1338	$1,650	$1.23	8d	1	0.94mi
1504 Pawnee St Orange Park, FL	3.0	2.0	1338	$1,795	$1.34	20d	1	1.19mi
1338 Pawnee St Orange Park, FL	3.0	2.0	1324	$1,905	$1.44	20d	1	1.25mi
2804 Canyon Ct Orange Park, FL	3.0	2.0	1367	$1,824	$1.33	15d	1	1.28mi
1255 Tahoe Ct Orange Park, FL	3.0	2.0	1305	$1,916	$1.47	8d	1	1.31mi
2300 Twelve Oaks Dr Unit F2 Orange Park, FL	2.0	1.0	1016	$1,299	$1.28	8d	1	1.39mi
2796 Kiowa Ave Orange Park, FL	3.0	2.0	1274	$1,915	$1.50	2d	1	1.43mi
25 Knight Boxx Rd Orange Park, FL	1.0–3.0	1.0–2.0	1109	$1,863	$1.68	2d	18	1.46mi

Listing history 12 events

1. 2026-06-18
   days on market $175,000 Active 17 DOM
2. 2026-06-17
   days on market $175,000 Active 16 DOM
3. 2026-06-16
   days on market $175,000 Active 15 DOM
4. 2026-06-15
   days on market $175,000 Active 14 DOM
5. 2026-06-13
   days on market $175,000 Active 12 DOM
6. 2026-06-13
   days on market $175,000 Active 11 DOM
7. 2026-06-09
   days on market $175,000 Active 8 DOM
8. 2026-06-08
   days on market $175,000 Active 7 DOM
9. 2026-06-07
   days on market $175,000 Active 6 DOM
10. 2026-06-03
    days on market $175,000 Active 2 DOM
11. 2026-06-02
    remarks 234-char remark
12. 2026-06-02
    listed $175,000 Active 1 DOM

ⓘ 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: $2,008 · $167/mo
• Projected year-2 tax: $2,008 · $167/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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 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: $20,557
• − Mortgage interest: −$9,803
• − Property taxes: −$2,008
• − Insurance: −$875
• − Repairs & maintenance: −$1,645
• − Management: −$1,645
• − Depreciation: −$5,091
• Taxable loss: −$509
• Est. tax savings @ 24.0%: +$122
• After-tax cash flow: $2,466/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: Clay
• NCES district ID: 1200300
• Math proficiency: 58% ▼ -8.00%
• Reading proficiency: 59% ▼ -3.00%
• Median HH income: $59,379
• Composite: 50.73/100
• National rank: #1815
• State rank: #14 of 73 in FL

Livability — Lakeside

• Score: 68/100
• State rank: #505
• US rank: #9341

Category grades

Amenities F Commute F Cost of living A+ Crime B Employment C+ Housing A+ Health & safety F User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lakeside, FL
• County: Clay County · 208,450 people
• Metro: Jacksonville, FL
• Population (ZIP): 41,578
• Household income: $97,455
• Rent vs Own: 27.5% rent · 72.5% own
• Severe rent burden: 1129.0

Population outlook (Clay County) Hauer SSP2

• Today (2025): 230,495 people
• By 2030: 242,427 · +5.2%
• By 2040: 262,244 · +13.8%
• By 2050: 275,148 · +19.4%
• By 2075: 295,397 · +28.2%
• By 2100: 287,592 · +24.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 51% Black 20% Hispanic / Latino 15% Two or more races 15% Asian 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 5% Cuban 3%
• Common ancestry: Lithuanian 4% Romanian 2% Portuguese 2%
• Foreign-born: 8% · Canada, China
• Languages at home: 88% English-only · Spanish 7% Tagalog/Filipino 3% Other Asian/Pacific 1%

Political lean MEDSL · Clay

• 2024 margin: Solid R (+39.3) · D 29.9% · R 69.2%
• 2008→2024 swing: +3.6pp toward D · 2008: -42.8pp · 2024: -39.3pp
• All cycles: 2024: R+39.3 2020: R+37.1 2016: R+44.3 2012: R+45.8 2008: R+42.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -95.13%
• Current HPI: 276.5987
• Rent YoY: ▲ 3.73%
• 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

+288.9% since first listed

2 events — show timeline

• 2026-04-15 Listed $175,000 realMLS
• 2005-01-18 Sold (Public Records) $45,000 Public Records

Property tax history

+6.9%/yr

Latest (2025): $2,008 · +5.6% YoY. Source: county tax records.