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2985 Snell St
F Composite 34.96
Why this score? — see what drove the F 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).

  • ARV discount +8.4/15.0
  • Cash flow +7.8/30.0
  • Condition / age +5.0/5.0
  • Livability +4.2/5.0
  • Schools +3.0/10.0
  • Rent growth +2.4/5.0
  • 1% rule +2.3/10.0
  • DSCR +1.9/10.0
  • Appreciation +0.0/10.0

$234,999

2985 Snell St · Jacksonville, FL 32218
3 bd · 2.5 ba · 1,200 sqft · SingleFamily · 103 Days on market
Built 2026 Excellent condition Garage $196/sqft · at area comps Est $240k · at est. ↓ 11% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Brand-new 2026 construction with quick move-in opportunity. Everything is new, offering a clean start with no worries and ready for its first homeowner. This thoughtfully designed home features an open-concept layout that makes the main living area feel bright, comfortable, and connected. The kitchen opens to the living and dining spaces, creating an easy flow for everyday living and entertaining. Stainless steel appliances, modern finishes, and clean lines give the home a fresh, move-in-ready feel. Upstairs, the bedrooms are well placed for privacy, while the overall layout offers a practical use of space that feels both functional and inviting. With no HOA and no CDD, this is a great opportunity to own new construction without added monthly fees. Conveniently located near dining, shopping, and the airport, making everyday living and travel easy. A solid option for buyers looking for low-maintenance living in a convenient Jacksonville location.

Key facts

  • No cdd
  • Modern finishes
  • No hoa

Tags

OPEN-CONCEPT LAYOUTSTAINLESS STEEL APPLIANCESMODERN FINISHESNO HOANO CDDCONVENIENTLY LOCATED

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.5-bath single-family listed at $235k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-260 ($-3k/yr) — negative.
  • To cash-flow at today's rent, offer at most $197k (16.0% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $173k (26.5% below list).
  • Recommended offer: $173k (26.5% below list) — sets the bar for 1% rule.
  • Cap rate 5.0% vs local median 4.0% in Jacksonville — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: Highlands Elementary School (math 32% / reading 27%, grade F, #1,896 of 2,144 statewide, top 90%, 475 students, 78% FRL); Oceanway School (math 34% / reading 33%, grade F, #428 of 571 statewide, top 76%, 927 students, 51% FRL); First Coast High School (math 18% / reading 33%, grade F, #499 of 667 statewide, top 75%, 2,117 students, 49% FRL).
  • Zoned-school proficiency averages 30% at this address vs 46% district-wide (-16 pts) — the specific schools serving this property underperform the Duval average; the district grade overstates school quality for this exact location.
  • Market conditions: Rents soft (-0.4%/yr); 931 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals lingering (median 52d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 73% of comp listings sitting > 30 days — soft ceiling on asking rent; 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 103 days — a 9% lower offer ($214k) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts; this cycle's ask has dropped $25k (10%) 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→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $172,635 (26.5% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 103 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
  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
0.73%
Cap rate
4.96%
Cash-on-cash
-4.75%
DSCR
0.79
GRM
11.3

CMA / ARV

ARV (median comp)
$239,900
List price
$234,999
Delta
-2.04%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
3023 Harbison St 0.07mi 3/2.5 1,205 (+0%) 4mo $227,000 $188 93
3016 Harbison St 0.05mi 3/2.0 1,200 (0%) 6mo $239,900 $200 91
3017 Snell St 0.05mi 3/2.0 1,200 (0%) 6mo $239,900 $200 91
3022 Harbison St 0.06mi 3/2.0 1,200 (0%) 10mo $249,000 $208 87
3323 Armstrong St 0.29mi 3/2.0 1,209 (+1%) 0mo $246,900 $204 83
3025 Armstrong St 0.07mi 3/2.0 1,120 (-7%) 1mo $199,000 $178 83
3302 Armstrong St 0.27mi 3/2.0 1,209 (+1%) 7mo $245,900 $203 78
3137 Blake Ave 0.39mi 3/2.5 1,217 (+1%) 7mo $239,900 $197 73
11734 Alexandra Dr 0.34mi 3/2.0 1,273 (+6%) 1mo $260,000 $204 71
3133 Blake Ave 0.39mi 3/2.5 1,281 (+7%) 6mo $241,600 $189 66
11338 Margarets Landing Pl 0.63mi 3/2.0 1,200 (0%) 5mo $230,000 $192 64
11265 Margarets Landing Pl 0.69mi 3/2.0 1,292 (+8%) 2mo $255,000 $197 51

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 · 0.0% rent growth · sell at horizon

5-year hold
IRR
-27.7%
Equity multiple
0.09×
Total profit
$-59,686
Equity at exit
$35,039
10-year hold
IRR
-42.4%
Equity multiple
-0.41×
Total profit
$-92,760
Equity at exit
$20,318

Cash invested: $65,800 (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.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
9 active · 12 under contract
Months of supply
3.6 mo (28%/mo absorbed)
Median asking
$255,000 ($205/sqft)
Median days on market
47 d
This list price
11% of active listings are priced below it
ARV vs active asking
-2.3% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 32218

Home prices YoY
-25.7%
Rents YoY
-0.4%
Active inventory
931
Price-to-rent
11.3×

Monthly cashflow live

Estimated rent
$1,726 high interval (Pro) →
Mortgage (P&I)
$1,232
Tax est. 1.5%
$294 /mo · $3,525/yr
Insurance
$98
HOA
$0
Vacancy / Maint / Mgmt
$363
Net cashflow
$-260

Break-even live

Break-even rent $2,056
Max offer price $197,346
Occupancy floor

Sensitivity live

Price -10% $-98 -5% $-179 +0% $-260 +5% $-341 +10% $-423
Rent -10% $-397 -5% $-328 +0% $-260 +5% $-192 +10% $-124
Rate -1.0pp $-142 -0.5pp $-200 base $-260 +0.5pp $-321 +1.0pp $-383

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
$58,750
Closing costs
$7,050
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 30 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
3025 Armstrong St Jacksonville, FL 3.0 2.0 1120 $1,461 $1.30 69d 1 0.09mi
3216 Duane Ave Jacksonville, FL 2.0 1.0 748 $1,013 $1.35 27d 1 0.37mi
12154 Alexandra Dr Jacksonville, FL 3.0 2.0 1275 $1,700 $1.33 53d 1 0.43mi
12154 Alexandra Dr Jacksonville, FL 3.0 2.0 1275 $1,700 $1.33 47d 1 0.43mi
11386 Margarets Landing Pl Jacksonville, FL 3.0 2.0 1280 $1,821 $1.42 70d 1 0.60mi
11931 Alexandra Dr Jacksonville, FL 3.0 2.0 1189 $1,659 $1.40 22d 1 0.61mi
11385 Margarets Landing Pl Jacksonville, FL 3.0 2.0 1280 $1,761 $1.38 27d 1 0.63mi
11211 Margarets Landing Pl Jacksonville, FL 3.0 2.0 1280 $1,726 $1.35 35d 1 0.73mi
2445 Dunn Ave Jacksonville, FL 1.0–3.0 1.0–2.0 850 $1,728 $2.03 16d 22 0.75mi
2432 Laylas Way Jacksonville, FL 3.0 2.0 1092 $1,700 $1.56 47d 1 0.76mi
11332 Island Shore Dr W Jacksonville, FL 3.0 1.5 1178 $1,703 $1.45 41d 1 0.84mi
11332 Island Shore Dr W Jacksonville, FL 3.0 1.5 1178 $1,703 $1.45 53d 1 0.84mi
2346 Blossom Ridge Dr N Jacksonville, FL 3.0 2.0 1334 $1,759 $1.32 27d 1 0.94mi
11046 Campus Heights Ln Jacksonville, FL 3.0 2.0 1482 $1,850 $1.25 41d 1 1.20mi
10735 Merida Dr Unit 14 Jacksonville, FL 4.0 2.0 1303 $1,635 $1.25 27d 1 1.21mi
2489 Quail Ave Jacksonville, FL 3.0 2.0 1306 $1,495 $1.14 65d 1 1.31mi
2489 Quail Ave Jacksonville, FL 3.0 2.0 1308 $1,495 $1.14 72d 1 1.31mi
11029 Traci Lynn Dr Jacksonville, FL 3.0 2.0 1402 $1,520 $1.08 41d 1 1.31mi
2482 Quail Ave Jacksonville, FL 3.0 2.0 1224 $1,850 $1.51 66d 1 1.34mi
12741 Geronimo Pl Jacksonville, FL 3.0 3.0 1492 $1,700 $1.14 72d 1 1.35mi
4212 Pointe Haven Dr N Jacksonville, FL 3.0 1.5 1054 $1,800 $1.71 72d 1 1.35mi
2462 Quail Ave Jacksonville, FL 3.0 1.5 1312 $1,397 $1.06 72d 1 1.36mi
10535 Lem Turner Rd Jacksonville, FL 1.0–4.0 1.0–2.0 1012 $1,609 $1.59 15d 37 1.36mi
11075 Key Coral Dr Jacksonville, FL 4.0 2.0 1470 $1,423 $0.97 52d 1 1.41mi
3233 Schoolmarm St Jacksonville, FL 3.0 2.5 1395 $1,695 $1.22 17d 1 1.42mi
10805 Naples Ct S Jacksonville, FL 3.0 2.0 1271 $1,740 $1.37 39d 1 1.42mi
3029 Bessent Rd Jacksonville, FL 3.0 2.0 1330 $1,750 $1.32 52d 1 1.43mi
2978 Centerwood Dr Jacksonville, FL 3.0 2.0 1437 $1,805 $1.26 72d 1 1.44mi
10838 Naples Ct S Jacksonville, FL 3.0 2.0 1285 $1,755 $1.37 72d 1 1.47mi
2950 Bessent Rd Jacksonville, FL 3.0 2.0 1446 $1,779 $1.23 70d 1 1.49mi

Property features AI

Finance

HOA & community
Not a senior community

Exterior

Parking
Attached garage1 garage space
Utilities
Septic tankElectricity available and connectedWater availableSewer available
Home design
Single family residenceTwo levelsEntry level: 1Faces west
Construction
Fiber cement constructionShingle roof
Exterior features
Rear porchAsphalt road access

Interior

Kitchen
DishwasherElectric ovenElectric rangeMicrowaveRefrigerator
Bedrooms
3 bedrooms
Flooring
CarpetVinyl
Bathrooms
2 full bathrooms1 half bathroom
Heating & cooling
Central heatingCentral air conditioningHas heating and cooling
Interior features
Breakfast barCeiling fansEat-in kitchenOpen floorplanPantryPrimary bathroom with shower (no tub)Walk-in closets
Laundry & utility
In-unit laundryWasher hookupElectric dryer hookupLaundry located on lower level

Listing history 50 events

  1. 2026-08-08
    days on market $234,999 Active 103 DOM
  2. 2026-08-07
    days on market $234,999 Active 102 DOM
  3. 2026-08-06
    days on market $234,999 Active 101 DOM
  4. 2026-08-05
    days on market $234,999 Active 100 DOM
  5. 2026-08-04
    days on market $234,999 Active 99 DOM
  6. 2026-08-03
    days on market $234,999 Active 98 DOM
  7. 2026-07-31
    days on market $234,999 Active 95 DOM
  8. 2026-07-30
    days on market $234,999 Active 94 DOM
  9. 2026-07-30
    days on market $234,999 Active 93 DOM
  10. 2026-07-28
    pricedays on market $234,999 Active 92 DOM
  11. 2026-07-24
    days on market $239,999 Active 88 DOM
  12. 2026-07-23
    days on market $239,999 Active 87 DOM
  13. 2026-07-22
    days on market $239,999 Active 86 DOM
  14. 2026-07-21
    days on market $239,999 Active 85 DOM
  15. 2026-07-18
    days on market $239,999 Active 82 DOM
  16. 2026-07-18
    days on market $239,999 Active 81 DOM
  17. 2026-07-16
    days on market $239,999 Active 80 DOM
  18. 2026-07-15
    days on market $239,999 Active 79 DOM
  19. 2026-07-14
    days on market $239,999 Active 78 DOM
  20. 2026-07-13
    days on market $239,999 Active 77 DOM
  21. 2026-07-13
    days on market $239,999 Active 76 DOM
  22. 2026-07-11
    days on market $239,999 Active 75 DOM
  23. 2026-07-10
    days on market $239,999 Active 74 DOM
  24. 2026-07-09
    days on market $239,999 Active 73 DOM
  25. 2026-07-07
    days on market $239,999 Active 71 DOM
  26. 2026-07-06
    days on market $239,999 Active 70 DOM
  27. 2026-07-05
    days on market $239,999 Active 69 DOM
  28. 2026-07-03
    days on market $239,999 Active 67 DOM
  29. 2026-07-02
    days on market $239,999 Active 66 DOM
  30. 2026-07-01
    days on market $239,999 Active 65 DOM
  31. 2026-06-30
    days on market $239,999 Active 64 DOM
  32. 2026-06-29
    days on market $239,999 Active 63 DOM
  33. 2026-06-28
    days on market $239,999 Active 62 DOM
  34. 2026-06-27
    pricedays on market $239,999 Active 61 DOM
  35. 2026-06-22
    days on market $249,999 Active 56 DOM
  36. 2026-06-21
    days on market $249,999 Active 55 DOM
  37. 2026-06-18
    days on market $249,999 Active 52 DOM
  38. 2026-06-17
    days on market $249,999 Active 51 DOM
  39. 2026-06-16
    days on market $249,999 Active 50 DOM
  40. 2026-06-15
    days on market $249,999 Active 49 DOM
  41. 2026-06-13
    days on market $249,999 Active 46 DOM
  42. 2026-06-10
    days on market $249,999 Active 43 DOM
  43. 2026-06-08
    days on market $249,999 Active 42 DOM
  44. 2026-06-07
    days on market $249,999 Active 41 DOM
  45. 2026-06-05
    days on market $249,999 Active 38 DOM
  46. 2026-06-03
    days on market $249,999 Active 37 DOM
  47. 2026-06-02
    days on market $249,999 Active 36 DOM
  48. 2026-06-01
    days on market $249,999 Active 35 DOM
  49. 2026-05-31
    days on market $249,999 Active 34 DOM
  50. 2026-05-14
    status Active

ⓘ 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 1/10 Low
  • 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 18 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$20,716
− Mortgage interest
−$13,164
− Property taxes
−$3,525
− Insurance
−$1,175
− Repairs & maintenance
−$1,657
− Management
−$1,657
− Depreciation
−$6,836
Taxable loss
−$7,298
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,752
After-tax cash flow
$-1,371/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.

Condition & rehab AI · 12 photos

Excellent 100/100 None rehab

This brand-new 2026 construction is move-in ready with excellent condition and fresh finishes. It offers a bright, open-concept layout and modern amenities.

Value-add opportunities

  • Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics
  • Both Landscaping and curb appeal improvements — Enhances curb appeal and adds value
  • Both Add smart home features — Improves convenience and adds modern appeal
F Composite school gradezoned avg 30/100

Zoned Schools

Elementary Highlands Elementary School F FL #1,896/2,144 Nat'l #26,716/41,679 Middle Oceanway School F FL #428/571 Nat'l #7,937/14,009 High First Coast High School F FL #499/667 Nat'l #12,309/17,239

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
A Composite livability gradescore 83/100

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 · 1,013,010 people
City population
979,034
Metro
Jacksonville, FL
Population (ZIP)
72,905
Household income
$69,638
Rent vs Own
32.7% rent · 67.3% own
Severe rent burden
12% of renters

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 0.64)
Race & ethnicity
Black 48% White 35% Hispanic / Latino 9% Two or more races 8% Asian 2%
Hispanic origin (detail)
Mexican 2% Puerto Rican 4%
Common ancestry
Slovak 1% Lithuanian 1% Italian 1%
Foreign-born
6% · Canada, Jamaica, Vietnam
Languages at home
89% English-only · Spanish 6% French/Haitian/Cajun 1% Tagalog/Filipino 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

Price history

-11.1% since first listed
8 events — show timeline
  • 2026-06-26 Price Changed $239,999 realMLS
  • 2026-05-14 Relisted realMLS
  • 2026-05-12 Contingent realMLS
  • 2026-05-04 Price Changed $249,999 realMLS
  • 2026-04-27 Listing Removed realMLS
  • 2026-04-27 Listed $260,000 realMLS
  • 2026-03-30 Price Changed $260,000 realMLS
  • 2026-02-27 Listed $270,000 realMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…