1125 Phelps St · Jacksonville, FL 32206

$108,800

3 bd · 1.0 ba · 1,120 sqft · SingleFamily public records · 99 Days on market

Built 1970 3,741 sqft lot Est $161k · 33% under

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Why this score? — see what drove the B 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 +27.4/30.0
• ARV discount +15.0/15.0
• DSCR +9.6/10.0
• 1% rule +6.7/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 2 story, 3-bedroom, 1 bath home with inside laundry room offers a great investment opportunity or the perfect space for a family. Previously used as a rental property, it makes a great opportunity for investors looking to add to their portfolio. Functional floor plan with spacious bedrooms and solid layout. Situated on a manageable lot with room for exterior improvements. Convenient location with easy access to downtown Jacksonville, EverBank Stadium and major roadways. Property being sold as-is. Great value with strong income potential. Trustee Sale

Key facts

• Easy access
• Manageable lot
• Convenient location

Tags

• INSIDE LAUNDRY ROOM
• FUNCTIONAL FLOOR PLAN
• MANAGEABLE LOT
• CONVENIENT LOCATION
• EASY ACCESS

Property features AI

Finance

• Other: Zoned RMD-B
• HOA & community: No association indicated

Exterior

• Utilities: Public water; Public sewer; Cable available; Electricity connected; Water connected
• Home design: Single family residence; Residential property; Two-story; Faces east; Entry level on slab foundation
• Construction: Brick construction; Shingle roof; Slab foundation; Built with mature landscaping
• Exterior features: Sidewalk; Other exterior features; City limits; Paved lot

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Linoleum
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Walk-in closet(s); Window treatments; Blinds
• Laundry & utility: Interior laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $109k.

Deal economics

• At list price, monthly cash flow is $317 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $109k).
• Recommended offer: $99k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.8% 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 flat; 194 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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).
• This rent runs 39% of the median local income ($39k/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 $752 of loan paydown is wiped out by about $3k 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 99 days — a 9% lower offer ($99k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $19k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $65k; list at $109k implies a 67% 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→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $99,008 (9.0% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — 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. 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.
7. 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.
8. 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: 1.17% ✓
• Cap rate: 9.79%
• Cash-on-cash: 12.48%
• DSCR: 1.56
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $161,280
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1018 Jessie St	0.13mi	2/1.0 (-1)	1,087 (-3%)	5mo	$31,500	$29	80
815 Franklin St	0.21mi	2/1.0 (-1)	1,140 (+2%)	9mo	$163,900	$144	75
623 Odessa St	0.30mi	3/1.0	1,100 (-2%)	21mo	$80,000	$73	65
1415 Spearing St	0.47mi	3/2.5	1,227 (+10%)	1mo	$248,000	$202	55
1138 Bridier St	0.23mi	2/1.0 (-1)	1,010 (-10%)	19mo	$50,000	$50	52
1333 Van Buren St	0.32mi	3/1.0	1,000 (-11%)	20mo	$173,500	$174	51
1528 Van Buren St	0.56mi	2/1.0 (-1)	1,008 (-10%)	3mo	$73,000	$72	49
1366 Van Buren St	0.38mi	3/2.0	1,233 (+10%)	17mo	$236,000	$191	48
1302 Harrison St	0.28mi	4/2.0 (+1)	1,199 (+7%)	23mo	$152,000	$127	48
419 E 4th St	0.59mi	3/2.0	1,212 (+8%)	13mo	$320,000	$264	44
635 Odessa St	0.29mi	4/1.0 (+1)	1,284 (+15%)	18mo	$85,000	$66	42
307 E 3rd St	0.64mi	3/2.0	1,212 (+8%)	23mo	$374,500	$309	33

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 · 0.94% rent growth · sell at horizon

5-year hold

• IRR: -0.0%
• Equity multiple: 1.00×
• Total profit: $-56
• Equity at exit: $16,222

10-year hold

• IRR: 7.5%
• Equity multiple: 1.51×
• Total profit: $15,678
• Equity at exit: $9,407

Cash invested: $30,464 (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 32206

• Home prices YoY: -23.7%
• Rents YoY: 0.9%
• Active inventory: 194
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,272 high
• Mortgage (P&I): −$571
• Tax from tax record: −$72 /mo · $870/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $317

Break-even live

Break-even rent $871

Max offer price $108,800

Occupancy floor 70%

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: $27,200
• Closing costs: $3,264
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1131 Phelps St Jacksonville, FL	3.0	1.0	1120	$895	$0.80	23d	1	0.03mi
1109 Phelps St Jacksonville, FL	3.0	1.0	1120	$850	$0.76	7d	1	0.05mi
1128 Van Buren St Unit 1 Jacksonville, FL	2.0	1.0	744	$1,000	$1.34	23d	1	0.17mi
1143 Van Buren St Jacksonville, FL	3.0	2.0	1230	$1,421	$1.16	16d	1	0.17mi
1049 Pippin St Unit B Jacksonville, FL	2.0	1.0	800	$1,200	$1.50	7d	1	0.20mi
1130 Spearing St Jacksonville, FL	3.0	1.0	1320	$1,400	$1.06	20d	1	0.29mi
720 E 3rd St Jacksonville, FL	3.0	1.0	1076	$1,075	$1.00	23d	1	0.31mi
1364 Harrison St Jacksonville, FL	2.0	1.0	725	$900	$1.24	23d	2	0.31mi
850 Spearing St Jacksonville, FL	2.0	1.0	792	$950	$1.20	1d	1	0.31mi
1361 Bridier St Apt 2 Jacksonville, FL	2.0	1.0	700	$935	$1.34	12d	1	0.35mi
1362 Florida Ave Jacksonville, FL	3.0	2.0	1000	$1,268	$1.27	3d	1	0.35mi
835 E Union St Jacksonville, FL	3.0	1.0	854	$950	$1.11	7d	1	0.37mi
960 Palmetto St Jacksonville, FL	2.0	2.5	998	$1,188	$1.19	4d	1	0.37mi
1353 Palmetto St Jacksonville, FL	3.0	2.0	1000	$1,330	$1.33	23d	1	0.42mi
1226 Clark St Jacksonville, FL	2.0	1.0	966	$1,175	$1.22	23d	1	0.43mi
1115 E 5th St Jacksonville, FL	3.0	2.0	1175	$1,450	$1.23	23d	1	0.49mi
443 E 3rd St Jacksonville, FL	2.0	2.0	1008	$1,750	$1.74	16d	1	0.51mi
706 E 5th St Jacksonville, FL	3.0	2.5	1284	$1,436	$1.12	23d	1	0.52mi
700 E Union St Jacksonville, FL	1.0–3.0	1.0–2.0	1070	$3,185	$2.98	4d	63	0.53mi
1153 Walnut St #4 Jacksonville, FL	3.0	1.0	1170	$1,195	$1.02	12d	1	0.53mi
1153 Walnut St #4 Jacksonville, FL	3.0	1.0	1170	$1,195	$1.02	4d	1	0.53mi
1529 Spearing St Jacksonville, FL	3.0	2.0	1077	$1,425	$1.32	4d	1	0.57mi
1736 Ionia St Jacksonville, FL	2.0	1.0	1036	$1,650	$1.59	17d	1	0.77mi
960 E Adams St Jacksonville, FL	2.0	1.0–2.5	857	$3,338	$3.89	2d	125	0.77mi
111 E 1st St #16 Jacksonville, FL	2.0	1.5	972	$1,250	$1.29	23d	1	0.78mi
1726 Buckman St Jacksonville, FL	2.0	1.0	1166	$1,075	$0.92	7d	1	0.80mi
1715 Brackland St Jacksonville, FL	4.0	2.0	1175	$1,425	$1.21	14d	1	0.83mi
1148 N Main St Jacksonville, FL	2.0	1.0–2.0	931	$2,195	$2.36	1d	23	0.94mi
1926 Walnut St Jacksonville, FL	3.0	2.0	1338	$1,418	$1.06	14d	1	0.96mi
1976 Lambert St Jacksonville, FL	3.0	1.0	1012	$1,115	$1.10	23d	1	0.97mi
138 E Duval St Jacksonville, FL	3.0	1.5	1450	$3,200	$2.21	23d	1	1.00mi
1310 N Laura St Jacksonville, FL	2.0	1.0	1225	$1,650	$1.35	23d	1	1.03mi
11 E 7th St Unit 1 Jacksonville, FL	2.0	1.0	900	$1,150	$1.28	23d	1	1.05mi
55 E 9th St Jacksonville, FL	3.0	1.5	1246	$1,675	$1.34	14d	1	1.12mi
2125 Lambert St Jacksonville, FL	2.0	1.0	1040	$1,195	$1.15	4d	1	1.13mi
1010 E 13th St Jacksonville, FL	3.0	2.0	1220	$1,275	$1.05	14d	1	1.14mi
1617 E 14th St Jacksonville, FL	2.0	1.0	1124	$1,300	$1.16	23d	1	1.26mi
1164 E 16th St Jacksonville, FL	2.0	1.0	750	$1,000	$1.33	7d	2	1.27mi
2025 N Laura St Jacksonville, FL	2.0	1.0	1000	$1,195	$1.20	4d	1	1.33mi
2514 Walnut St Unit 2520 Jacksonville, FL	2.0	1.0	1119	$1,100	$0.98	23d	1	1.35mi

Listing history 22 events

1. 2026-06-18
   days on market $108,800 Active 99 DOM
2. 2026-06-17
   days on market $108,800 Active 98 DOM
3. 2026-06-16
   days on market $108,800 Active 97 DOM
4. 2026-06-15
   days on market $108,800 Active 96 DOM
5. 2026-06-13
   days on market $108,800 Active 93 DOM
6. 2026-06-10
   days on market $108,800 Active 90 DOM
7. 2026-06-08
   days on market $108,800 Active 89 DOM
8. 2026-06-07
   days on market $108,800 Active 88 DOM
9. 2026-06-03
   days on market $108,800 Active 84 DOM
10. 2026-06-02
    days on market $108,800 Active 83 DOM
11. 2026-06-01
    days on market $108,800 Active 82 DOM
12. 2026-05-31
    days on market $108,800 Active 81 DOM
13. 2026-05-14
    price $108,800 561-char remark

    Show marketing remark (561 chars)

    This 2 story, 3-bedroom, 1 bath home with inside laundry room offers a great investment opportunity or the perfect space for a family. Previously used as a rental property, it makes a great opportunity for investors looking to add to their portfolio. Functional floor plan with spacious bedrooms and solid layout. Situated on a manageable lot with room for exterior improvements. Convenient location with easy access to downtown Jacksonville, EverBank Stadium and major roadways. Property being sold as-is. Great value with strong income potential. Trustee Sale

14. 2026-05-14
    price $108,800

    Show marketing remark (561 chars)

    This 2 story, 3-bedroom, 1 bath home with inside laundry room offers a great investment opportunity or the perfect space for a family. Previously used as a rental property, it makes a great opportunity for investors looking to add to their portfolio. Functional floor plan with spacious bedrooms and solid layout. Situated on a manageable lot with room for exterior improvements. Convenient location with easy access to downtown Jacksonville, EverBank Stadium and major roadways. Property being sold as-is. Great value with strong income potential. Trustee Sale

15. 2026-04-22
    price $113,800 561-char remark

    Show marketing remark (561 chars)

    This 2 story, 3-bedroom, 1 bath home with inside laundry room offers a great investment opportunity or the perfect space for a family. Previously used as a rental property, it makes a great opportunity for investors looking to add to their portfolio. Functional floor plan with spacious bedrooms and solid layout. Situated on a manageable lot with room for exterior improvements. Convenient location with easy access to downtown Jacksonville, EverBank Stadium and major roadways. Property being sold as-is. Great value with strong income potential. Trustee Sale

16. 2026-04-22
    price $113,800

    Show marketing remark (561 chars)

    This 2 story, 3-bedroom, 1 bath home with inside laundry room offers a great investment opportunity or the perfect space for a family. Previously used as a rental property, it makes a great opportunity for investors looking to add to their portfolio. Functional floor plan with spacious bedrooms and solid layout. Situated on a manageable lot with room for exterior improvements. Convenient location with easy access to downtown Jacksonville, EverBank Stadium and major roadways. Property being sold as-is. Great value with strong income potential. Trustee Sale

17. 2026-04-03
    price $119,800 561-char remark

    Show marketing remark (561 chars)

    This 2 story, 3-bedroom, 1 bath home with inside laundry room offers a great investment opportunity or the perfect space for a family. Previously used as a rental property, it makes a great opportunity for investors looking to add to their portfolio. Functional floor plan with spacious bedrooms and solid layout. Situated on a manageable lot with room for exterior improvements. Convenient location with easy access to downtown Jacksonville, EverBank Stadium and major roadways. Property being sold as-is. Great value with strong income potential. Trustee Sale

18. 2026-04-03
    price $119,800

    Show marketing remark (561 chars)

    This 2 story, 3-bedroom, 1 bath home with inside laundry room offers a great investment opportunity or the perfect space for a family. Previously used as a rental property, it makes a great opportunity for investors looking to add to their portfolio. Functional floor plan with spacious bedrooms and solid layout. Situated on a manageable lot with room for exterior improvements. Convenient location with easy access to downtown Jacksonville, EverBank Stadium and major roadways. Property being sold as-is. Great value with strong income potential. Trustee Sale

19. 2026-03-11
    listed $128,000 Active 561-char remark

    Show marketing remark (561 chars)

    This 2 story, 3-bedroom, 1 bath home with inside laundry room offers a great investment opportunity or the perfect space for a family. Previously used as a rental property, it makes a great opportunity for investors looking to add to their portfolio. Functional floor plan with spacious bedrooms and solid layout. Situated on a manageable lot with room for exterior improvements. Convenient location with easy access to downtown Jacksonville, EverBank Stadium and major roadways. Property being sold as-is. Great value with strong income potential. Trustee Sale

20. 2026-03-11
    listed $128,000 Active

    Show marketing remark (561 chars)

    This 2 story, 3-bedroom, 1 bath home with inside laundry room offers a great investment opportunity or the perfect space for a family. Previously used as a rental property, it makes a great opportunity for investors looking to add to their portfolio. Functional floor plan with spacious bedrooms and solid layout. Situated on a manageable lot with room for exterior improvements. Convenient location with easy access to downtown Jacksonville, EverBank Stadium and major roadways. Property being sold as-is. Great value with strong income potential. Trustee Sale

21. 2004-11-16
    soldstatus $65,000
22. 2004-03-04
    soldstatus $57,000

ⓘ 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: $870 · $72/mo
• Projected year-2 tax: $903 · $75/mo
• Expected delta: +$33/yr (+$3/mo · 3.8%)

ⓘ 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 ≥106°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: $15,269
• − Mortgage interest: −$6,094
• − Property taxes: −$870
• − Insurance: −$544
• − Repairs & maintenance: −$1,221
• − Management: −$1,221
• − Depreciation: −$3,165
• Taxable income: $2,152
• Est. tax owed @ 24.0%: −$517
• After-tax cash flow: $3,285/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): 17,105
• Household income: $39,242
• Rent vs Own: 53.7% rent · 46.3% own
• Severe rent burden: 1057.0

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 (65%)
• Race & ethnicity: Black 65% White 22% Two or more races 8% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Italian 2% Romanian 1% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 3% Arabic 1% German/W. Germanic 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: ▼ -64.55%
• Current HPI: 208.1852
• Rent YoY: ▲ 0.94%
• 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

+90.9% since first listed

10 events — show timeline

• 2026-05-14 Price Changed $108,800 SCMLS
• 2026-05-14 Price Changed $108,800 Stellar MLS as Distributed by MLS Grid
• 2026-04-22 Price Changed $113,800 SCMLS
• 2026-04-22 Price Changed $113,800 Stellar MLS as Distributed by MLS Grid
• 2026-04-03 Price Changed $119,800 SCMLS
• 2026-04-03 Price Changed $119,800 Stellar MLS as Distributed by MLS Grid
• 2026-03-11 Listed $128,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-11 Listed $128,000 SCMLS
• 2004-11-16 Sold (Public Records) $65,000 Public Records
• 2004-03-04 Sold (Public Records) $57,000 Public Records

Property tax history

+4.6%/yr

Latest (2025): $870 · +28.6% YoY. Source: county tax records.