9942 Billmore Cir N · Jacksonville, FL 32222

$197,400

3 bd · 2.0 ba · 1,178 sqft · Land · 241 Days on market

Built 2025 0.29 ac lot ↓ 18% since listing

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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 +20.3/30.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• Livability +4.2/5.0
• 1% rule +4.1/10.0
• Schools +3.9/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Don't miss out on this brand new 3 bedroom 2 bathroom home! This is an Energy Star rated home, includes brand new Trane HVAC System

Key facts

• Energy star rated
• 0.29 acre lot
• Built 2025

Tags

• ENERGY STAR RATED
• BRAND NEW TRANE HVAC SYSTEM

Property features AI

Finance

• Other: Unfurnished
• HOA & community: Not a senior community

Exterior

• Parking: Other parking
• Utilities: Septic tank; Electricity connected
• Home design: Double wide manufactured home; One story; North-facing
• Construction: Manufactured construction
• Exterior features: Shingle roof; Homesite on a paved city street

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: 3 bedrooms (Main level)
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Heat pump; Central air conditioning
• Interior features: 1 total room
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $197k.

Deal economics

• At list price, monthly cash flow is $251 ($3k/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 $179k (9.2% below list).
• Recommended offer: $174k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% 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 (+2.6%/yr); 137 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 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 $1k of loan paydown is wiped out by about $6k 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 241 days — a 12% lower offer ($174k) is reasonable based on typical stale-listing flexibility.

Recommended offer $173,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 241 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.91% ✗
• Cap rate: 7.82%
• Cash-on-cash: 5.46%
• DSCR: 1.24
• GRM: 9.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.62% rent growth · sell at horizon

5-year hold

• IRR: -8.3%
• Equity multiple: 0.70×
• Total profit: $-16,752
• Equity at exit: $29,433

10-year hold

• IRR: 0.8%
• Equity multiple: 1.05×
• Total profit: $2,864
• Equity at exit: $17,068

Cash invested: $55,272 (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 32222

• Home prices YoY: -20.0%
• Rents YoY: 2.6%
• Active inventory: 137
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,793 high
• Mortgage (P&I): −$1,035
• Tax from tax record: −$48 /mo · $571/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $251

Break-even live

Break-even rent $1,475

Max offer price $197,400

Occupancy floor 81%

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: $49,350
• Closing costs: $5,922
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9956 Somerset Grove Ln Jacksonville, FL	3.0	2.0	1168	$1,675	$1.43	23d	1	0.07mi
5565 Connie Jean Rd Jacksonville, FL	1.0–2.0	1.0	630	$1,100	$1.75	1d	8	0.15mi
5437 Tellaro Ln Unit 1 Jacksonville, FL	3.0	2.5	1395	$1,795	$1.29	20d	1	0.26mi
9732 Chirping Way Jacksonville, FL	3.0	2.0	1410	$1,800	$1.28	4d	1	0.26mi
5216 Brighton Park Ln Jacksonville, FL	3.0	2.5	1472	$1,795	$1.22	10d	1	0.55mi
5229 Walkers Ridge Dr Jacksonville, FL	3.0	2.5	1497	$1,795	$1.20	23d	1	0.58mi
9541 103rd St Jacksonville, FL	1.0–3.0	1.0–2.0	1040	$1,668	$1.60	1d	21	0.66mi
9455 103rd St Jacksonville, FL	1.0–4.0	1.0–2.0	1090	$1,570	$1.44	1d	18	0.75mi
9359 103rd St Jacksonville, FL	1.0–3.0	1.0–2.0	848	$1,479	$1.74	1d	1	0.91mi
10628 Waterfield Rd Jacksonville, FL	3.0	2.5	1429	$1,900	$1.33	23d	1	0.95mi
4910 Samaritan Way Jacksonville, FL	1.0–2.0	1.0–2.0	966	$1,758	$1.82	2d	16	1.35mi

Listing history 20 events

1. 2026-06-02
   status $197,400 Pending 241 DOM
2. 2026-06-01
   days on market $197,400 Active 241 DOM
3. 2026-05-31
   days on market $197,400 Active 240 DOM
4. 2026-05-22
   price $197,500
5. 2026-05-14
   price $198,900
6. 2026-04-16
   price $199,900
7. 2026-03-27
   price $209,900
8. 2026-03-12
   price $214,800
9. 2026-02-27
   price $214,900
10. 2026-02-27
    price $199,500
11. 2026-02-13
    price $219,900
12. 2026-02-05
    price $226,500
13. 2026-01-22
    price $227,900
14. 2026-01-16
    price $228,500
15. 2025-12-04
    price $228,900
16. 2025-11-13
    price $229,400
17. 2025-10-30
    price $229,500
18. 2025-10-23
    price $229,900
19. 2025-10-16
    price $234,900
20. 2025-10-03
    listed $239,900 Active

ⓘ 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: $571 · $48/mo
• Projected year-2 tax: $1,638 · $137/mo
• Expected delta: +$1,067/yr (+$89/mo · 186.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $21,516
• − Mortgage interest: −$11,057
• − Property taxes: −$571
• − Insurance: −$987
• − Repairs & maintenance: −$1,721
• − Management: −$1,721
• − Depreciation: −$5,743
• Taxable loss: −$285
• Est. tax savings @ 24.0%: +$68
• After-tax cash flow: $3,085/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): 18,258
• Household income: $85,649
• Rent vs Own: 29.6% rent · 70.4% own
• Severe rent burden: 666.0

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 34% Hispanic / Latino 16% Two or more races 8% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 6% Cuban 2% Dominican 1%
• Common ancestry: Italian 2% Iranian 1% Romanian 1%
• Foreign-born: 13% · Canada, Vietnam
• Languages at home: 83% English-only · Spanish 12% Tagalog/Filipino 3% Other Asian/Pacific 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: ▼ -64.56%
• Current HPI: 257.6466
• Rent YoY: ▲ 2.62%
• 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

-17.7% since first listed

17 events — show timeline

• 2026-05-22 Price Changed $197,500 realMLS
• 2026-05-14 Price Changed $198,900 realMLS
• 2026-04-16 Price Changed $199,900 realMLS
• 2026-03-27 Price Changed $209,900 realMLS
• 2026-03-12 Price Changed $214,800 realMLS
• 2026-02-27 Price Changed $214,900 realMLS
• 2026-02-27 Price Changed $199,500 realMLS
• 2026-02-13 Price Changed $219,900 realMLS
• 2026-02-05 Price Changed $226,500 realMLS
• 2026-01-22 Price Changed $227,900 realMLS
• 2026-01-16 Price Changed $228,500 realMLS
• 2025-12-04 Price Changed $228,900 realMLS
• 2025-11-13 Price Changed $229,400 realMLS
• 2025-10-30 Price Changed $229,500 realMLS
• 2025-10-23 Price Changed $229,900 realMLS
• 2025-10-16 Price Changed $234,900 realMLS
• 2025-10-03 Listed $239,900 realMLS