1524 Detroit St · Jacksonville, FL 32254

$139,999

3 bd · 2.0 ba · 984 sqft · SingleFamily public records · 20 Days on market

Built 1963 7,840 sqft lot Est $118k · 19% 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 +15.5/30.0
• Appreciation +6.7/10.0
• DSCR +4.8/10.0
• 1% rule +4.4/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

This property is part of a Stabilized Portfolio of 33 single family homes. The package of properties is more than 90% leased, and will be fully occupied at time of closing. The portfolio is positioned to provide solid yield and appreciation, and is priced to allow for property improvements to increase overall return. To view the full portfolio which includes a Profit and Loss Statement, full interior & exterior pictures, and inspections including cost to remedy

Key facts

• 7,840 sq ft lot
• Garage
• Built 1963

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Attached garage; Carport (1 space)
• Utilities: Other utilities
• Home design: Single-family residence
• Exterior features: Residential single-family property; No private pool; 0.18-acre lot

Interior

• Kitchen: Electric range; Refrigerator; Kitchen on main level
• Bedrooms: Three bedrooms (all on main level)
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Six total rooms; Living room on main level; Dining room on main level

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $57 ($681/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 (6.4% below list).
• Recommended offer: $131k (6.4% below list) — sets the bar for 1% rule.
• Cap rate 6.8% 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: Rents rising (+1.7%/yr); 173 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 $1,311/mo this rent would consume 45% of the median local household income ($35k/yr) (locally 882% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $6k of equity ($968 loan paydown + $5k appreciation (3.4% local appreciation)).
• Duval County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.4% appreciation + 1.7% rent growth), your $39k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 16y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• 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 $131,081 (6.4% below list)

Questions for the listing agent

1. Built in 1963 — 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: 0.94% ✗
• Cap rate: 6.78%
• Cash-on-cash: 1.74%
• DSCR: 1.08
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $118,080
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1630 Detroit St	0.06mi	3/2.0	976 (-1%)	4mo	$106,000	$109	93
2118 Detroit St	0.36mi	3/2.0	1,029 (+5%)	1mo	$170,000	$165	75
2846 W 8th St	0.24mi	3/1.0	929 (-6%)	2mo	$133,500	$144	74
2952 W 8th St	0.13mi	3/1.5	1,119 (+14%)	3mo	$95,000	$85	67
1060 Prospect St	0.43mi	3/1.0	924 (-6%)	2mo	$145,000	$157	64
2916 W 11th St	0.33mi	2/1.0 (-1)	894 (-9%)	1mo	$111,500	$125	60
1073 Huron St	0.47mi	3/1.0	916 (-7%)	3mo	$77,000	$84	60
1056 Hood Ave	0.60mi	3/1.0	1,024 (+4%)	2mo	$154,500	$151	59
3044 W 9th St W	0.20mi	2/1.0 (-1)	852 (-13%)	2mo	$55,000	$65	58
954 Allison St	0.62mi	3/1.5	1,084 (+10%)	1mo	$130,000	$120	51
3033 Lowell Ave	0.71mi	3/1.0	884 (-10%)	4mo	$90,000	$102	43
1023 Ontario St	0.65mi	2/1.0 (-1)	840 (-15%)	2mo	$33,000	$39	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.41% appreciation · 1.7% rent growth · sell at horizon

5-year hold

• IRR: 9.6%
• Equity multiple: 1.56×
• Total profit: $21,895
• Equity at exit: $66,229

10-year hold

• IRR: 11.2%
• Equity multiple: 2.71×
• Total profit: $66,970
• Equity at exit: $104,693

Cash invested: $39,200 (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 32254

• Home prices YoY: 1.2%
• Rents YoY: 1.7%
• Active inventory: 173
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,311 high
• Mortgage (P&I): −$734
• Tax from tax record: −$186 /mo · $2,236/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $57

Break-even live

Break-even rent $1,239

Max offer price $139,999

Occupancy floor 91%

Sensitivity live

Price	-10% $136	-5% $96	+0% $57	+5% $17	+10% $-23
Rent	-10% $-47	-5% $5	+0% $57	+5% $109	+10% $160
Rate	-1.0pp $127	-0.5pp $92	base $57	+0.5pp $20	+1.0pp $-16

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1612 Alfen St Jacksonville, FL	3.0	1.5	945	$1,113	$1.18	8d	1	0.03mi
2965 Sunset St Jacksonville, FL	3.0	1.5	1056	$1,375	$1.30	8d	1	0.13mi
2965 Sunset St Jacksonville, FL	3.0	2.0	1056	$1,375	$1.30	5d	1	0.13mi
3101 3rd Street Cir N Jacksonville, FL	2.0	1.0	870	$1,150	$1.32	8d	1	0.20mi
1227 Dena St Jacksonville, FL	3.0	1.0	1033	$1,325	$1.28	24d	1	0.23mi
3055 2nd Street Cir Jacksonville, FL	3.0	1.5	1050	$1,340	$1.28	18d	1	0.27mi
2913 W 2nd St Jacksonville, FL	2.0	1.0	720	$1,000	$1.39	2d	1	0.30mi
2939 W 11th St Jacksonville, FL	3.0	1.0	1086	$1,295	$1.19	24d	1	0.33mi
2862 W 1st St Unit 1 Jacksonville, FL	2.0	1.0	800	$895	$1.12	15d	1	0.39mi
2862 W 1st St Jacksonville, FL	2.0	1.0	800	$895	$1.12	5d	1	0.39mi
2852 W 1st St Jacksonville, FL	2.0	1.0	800	$895	$1.12	8d	1	0.40mi
2854 Wickwire St Jacksonville, FL	2.0	1.0	948	$1,300	$1.37	5d	1	0.41mi
2851 Sophia St Jacksonville, FL	2.0	1.0	846	$1,000	$1.18	24d	3	0.46mi
1037 Detroit St Jacksonville, FL	3.0	2.0	912	$1,250	$1.37	2d	1	0.51mi
3138 W 15th St Jacksonville, FL	2.0	1.0	734	$1,150	$1.57	8d	1	0.52mi
3138 W 15th St Jacksonville, FL	2.0	1.0	734	$1,150	$1.57	24d	1	0.52mi
3326 W 1st St Jacksonville, FL	2.0	1.0	791	$995	$1.26	24d	1	0.55mi
1021 Woodstock Ave Jacksonville, FL	3.0	2.0	1012	$1,495	$1.48	24d	1	0.60mi
1021 Woodstock Ave Jacksonville, FL	3.0	2.0	1012	$1,495	$1.48	8d	1	0.60mi
912 Huron St Jacksonville, FL	2.0	1.0	900	$1,100	$1.22	15d	1	0.74mi
3012 Imperial St Jacksonville, FL	3.0	1.0	1089	$1,395	$1.28	24d	1	0.80mi
3368 Columbus Ave Jacksonville, FL	2.0	1.0	955	$1,300	$1.36	5d	1	0.80mi
841 Ontario St Jacksonville, FL	2.0	1.0	1000	$1,285	$1.28	24d	1	0.87mi
3303 Broadway Ave Jacksonville, FL	3.0	2.0	1072	$1,550	$1.45	5d	1	0.89mi
2627 Wylene St Jacksonville, FL	2.0	2.0	594	$1,400	$2.36	24d	1	0.97mi
2587 Orchard St Jacksonville, FL	2.0	2.0	992	$1,295	$1.31	8d	1	0.99mi
3305 Sunnybrook Ave N Jacksonville, FL	2.0	1.0	1012	$1,021	$1.01	24d	1	1.01mi
1213 Moat St Jacksonville, FL	2.0	2.5	1022	$1,283	$1.26	18d	1	1.05mi
3350 Sunnybrook Ave N Jacksonville, FL	2.0	1.0	900	$1,095	$1.22	24d	1	1.06mi
3433 Brookhaven Dr Jacksonville, FL	2.0	1.0	754	$1,295	$1.72	8d	1	1.09mi
2325 Westbrook Cir N Jacksonville, FL	3.0	2.0	812	$1,200	$1.48	24d	1	1.10mi
2661 W 25th St Jacksonville, FL	4.0	2.0	1031	$1,350	$1.31	24d	1	1.19mi
2345 W 15th St Jacksonville, FL	3.0	2.0	1112	$1,400	$1.26	24d	1	1.20mi
2540 W 25th St Jacksonville, FL	3.0	1.5	854	$1,295	$1.52	15d	1	1.27mi
5148 Cain Ln Jacksonville, FL	3.0	1.0	1104	$1,306	$1.18	22d	1	1.29mi
2154 Placeda St Jacksonville, FL	4.0	1.5	1124	$1,500	$1.33	22d	1	1.30mi
5355 New Kings Rd Unit 10 Jacksonville, FL	2.0	1.0	528	$775	$1.47	24d	1	1.31mi
5355 New Kings Rd Unit 21 Jacksonville, FL	2.0	1.0	700	$800	$1.14	5d	1	1.37mi
5141 Shenandoah Ave Jacksonville, FL	1.0–3.0	1.0–2.0	950	$1,200	$1.26	2d	4	1.38mi
3515 Dignan St Jacksonville, FL	3.0	1.0	915	$1,036	$1.13	4d	1	1.41mi

Listing history 14 events

1. 2026-06-21
   days on market $139,999 Active 20 DOM
2. 2026-06-18
   days on market $139,999 Active 17 DOM
3. 2026-06-17
   days on market $139,999 Active 16 DOM
4. 2026-06-16
   days on market $139,999 Active 15 DOM
5. 2026-06-15
   days on market $139,999 Active 14 DOM
6. 2026-06-13
   days on market $139,999 Active 12 DOM
7. 2026-06-13
   days on market $139,999 Active 11 DOM
8. 2026-06-10
   days on market $139,999 Active 8 DOM
9. 2026-06-08
   days on market $139,999 Active 7 DOM
10. 2026-06-07
    days on market $139,999 Active 6 DOM
11. 2026-06-05
    days on market $139,999 Active 3 DOM
12. 2026-06-03
    days on market $139,999 Active 2 DOM
13. 2026-06-02
    remarks 490-char remark
14. 2026-06-02
    listed $139,999 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: $2,236 · $186/mo
• Projected year-2 tax: $2,236 · $186/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 2/10 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 5/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,730
• − Mortgage interest: −$7,842
• − Property taxes: −$2,236
• − Insurance: −$700
• − Repairs & maintenance: −$1,258
• − Management: −$1,258
• − Depreciation: −$4,073
• Taxable loss: −$1,637
• Est. tax savings @ 24.0%: +$393
• After-tax cash flow: $1,074/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): 13,927
• Household income: $34,953
• Rent vs Own: 50.2% rent · 49.8% own
• Severe rent burden: 882.0

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 0.56)
• Race & ethnicity: Black 60% White 28% Two or more races 7% Hispanic / Latino 5%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Slovak 1% Hispanic 1% Lithuanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 4% 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: ▲ 3.41%
• Current HPI: 282.2981
• Rent YoY: ▲ 1.70%
• 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

+522.2% since first listed

22 events — show timeline

• 2026-06-01 Listed $139,999 realMLS
• 2024-05-07 Rental Removed $1,195 PROPERTYWARE
• 2024-04-03 Price Changed $1,195 PROPERTYWARE
• 2024-03-27 Price Changed $1,235 PROPERTYWARE
• 2024-01-25 Price Changed $1,245 PROPERTYWARE
• 2024-01-23 Price Changed $1,275 PROPERTYWARE
• 2023-12-24 Price Changed $1,285 PROPERTYWARE
• 2023-12-08 Listed for Rent $1,295 PROPERTYWARE
• 2022-04-20 Sold (Public Records) $6,500,000 Public Records
• 2022-02-16 Sold (Public Records) $4,991,200 Public Records
• 2016-03-24 Sold (Public Records) $58,800 Public Records
• 2015-01-23 Listing Removed — realMLS
• 2014-08-12 Listed $72,000 realMLS
• 2010-08-03 Listing Removed — realMLS
• 2010-05-06 Listed $79,000 realMLS
• 2010-02-25 Sold (MLS) $12,900 realMLS
• 2010-01-29 Listed $12,900 realMLS
• 2000-11-01 Sold (Public Records) $40,100 Public Records
• 2000-11-01 Sold (Public Records) $38,600 Public Records
• 1999-03-19 Sold (Public Records) $38,500 Public Records
• 1999-03-19 Sold (Public Records) $38,500 Public Records
• 1986-07-01 Sold (Public Records) $22,500 Public Records

Property tax history

+11.5%/yr

Latest (2025): $2,236 · +15.7% YoY. Source: county tax records.