4437 Olympia · Jacksonville, FL 32226

$139,900

4 bd · 2.0 ba · 1,256 sqft · SingleFamily public records · 10 Days on market

Built 1965 0.87 ac lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

MULTIPLIE OFFERS- Please submit your highest and best offer by 1/22 at 6pm for consideration. This home is situated on almost one acre of land close to the water and the Dames Point Marina. The home is in need of major rehab or tear down, but can be used for residential or commercial use. It is zoned industrial waterfront and has easy access to 295, 95, and Heckscher. The land is in a great location and ready for some TLC to turn into a commercial or income producing property! **This is a short sale

Key facts

• Dames point marina
• Near the water
• 1 acre

Tags

• 1 ACRE
• NEAR THE WATER
• DAMES POINT MARINA
• ZONED INDUSTRIAL WATERFRONT
• RESIDENTIAL RENOVATION PROJECT

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Other parking
• Utilities: Septic tank sewer; Electricity connected
• Home design: Mobile home; Mixed use / Single-family current use; Lot approximately 0.87 acres
• Exterior features: Other exterior features

Interior

• Kitchen: No appliances listed
• Bedrooms: 4 bedrooms (all on the main level)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: 4 total rooms
• Laundry & utility: No laundry appliances listed

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Cap rate 15.0% 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; 256 active listings in the ZIP; high-income renter base; 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 $967 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 1.0% rent growth), your $39k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 10y 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.
• Current owner paid $71k; list at $140k implies a 97% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $139,900

Questions for the listing agent

1. Built in 1965 — 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. 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.
5. 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.
6. 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: 1.79% ✓
• Cap rate: 14.97%
• Cash-on-cash: 30.97%
• DSCR: 2.38
• GRM: 4.7

CMA / ARV

• ARV (on-the-fly): $331,584
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4422 Apollo Ave	0.24mi	4/2.0	1,388 (+10%)	19mo	$367,000	$264	55

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 · 0.98% rent growth · sell at horizon

5-year hold

• IRR: 23.5%
• Equity multiple: 1.94×
• Total profit: $36,785
• Equity at exit: $20,860

10-year hold

• IRR: 30.1%
• Equity multiple: 3.44×
• Total profit: $95,481
• Equity at exit: $12,096

Cash invested: $39,172 (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 32226

• Home prices YoY: -31.6%
• Rents YoY: 1.0%
• Active inventory: 256
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $2,499 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$171 /mo · $2,053/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $1,011

Break-even live

Break-even rent $1,219

Max offer price $139,900

Occupancy floor 55%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-05-18
   listed $139,900 Active
2. 2021-03-17
   soldstatus $71,000
3. 2021-03-09
   soldstatus $71,000 Sold 508-char remark

   Show marketing remark (508 chars)

   MULTIPLIE OFFERS- Please submit your highest and best offer by 1/22 at 6pm for consideration. This home is situated on almost one acre of land close to the water and the Dames Point Marina. The home is in need of major rehab or tear down, but can be used for residential or commercial use. It is zoned industrial waterfront and has easy access to 295, 95, and Heckscher. The land is in a great location and ready for some TLC to turn into a commercial or income producing property! **This is a short sale

4. 2021-02-02
   status Pending 508-char remark

   Show marketing remark (508 chars)

   MULTIPLIE OFFERS- Please submit your highest and best offer by 1/22 at 6pm for consideration. This home is situated on almost one acre of land close to the water and the Dames Point Marina. The home is in need of major rehab or tear down, but can be used for residential or commercial use. It is zoned industrial waterfront and has easy access to 295, 95, and Heckscher. The land is in a great location and ready for some TLC to turn into a commercial or income producing property! **This is a short sale

5. 2021-01-25
   historical Active - Contingent 508-char remark

   Show marketing remark (508 chars)

   MULTIPLIE OFFERS- Please submit your highest and best offer by 1/22 at 6pm for consideration. This home is situated on almost one acre of land close to the water and the Dames Point Marina. The home is in need of major rehab or tear down, but can be used for residential or commercial use. It is zoned industrial waterfront and has easy access to 295, 95, and Heckscher. The land is in a great location and ready for some TLC to turn into a commercial or income producing property! **This is a short sale

6. 2021-01-18
   price $78,000 508-char remark

   Show marketing remark (508 chars)

   MULTIPLIE OFFERS- Please submit your highest and best offer by 1/22 at 6pm for consideration. This home is situated on almost one acre of land close to the water and the Dames Point Marina. The home is in need of major rehab or tear down, but can be used for residential or commercial use. It is zoned industrial waterfront and has easy access to 295, 95, and Heckscher. The land is in a great location and ready for some TLC to turn into a commercial or income producing property! **This is a short sale

7. 2021-01-18
   listed $30,000 Active 508-char remark

   Show marketing remark (508 chars)

   MULTIPLIE OFFERS- Please submit your highest and best offer by 1/22 at 6pm for consideration. This home is situated on almost one acre of land close to the water and the Dames Point Marina. The home is in need of major rehab or tear down, but can be used for residential or commercial use. It is zoned industrial waterfront and has easy access to 295, 95, and Heckscher. The land is in a great location and ready for some TLC to turn into a commercial or income producing property! **This is a short sale

8. 2017-02-06
   historical 582-char remark

   Show marketing remark (582 chars)

   INVESTORS - LOOK! Sitting on just under an acre, this home would best be suited as an income generating property OR as commercial use. Current tenant (month-to-month) lease pays $769 on time on the first of the month. Home is a few blocks from the water, and is located close to Dames Point Marina. Area is zoned IW (industrial waterfront). House on property will need a full rehab. Sheds do NOT convey. See attached documents for other uses! Very easy access to 295, 95, Heckscher Rd. 10-15 min from Beaches and State Parks, 15 min from Downtown. Marina photos shown for reference.

9. 2016-10-24
   listed $144,000 Active 582-char remark

   Show marketing remark (582 chars)

   INVESTORS - LOOK! Sitting on just under an acre, this home would best be suited as an income generating property OR as commercial use. Current tenant (month-to-month) lease pays $769 on time on the first of the month. Home is a few blocks from the water, and is located close to Dames Point Marina. Area is zoned IW (industrial waterfront). House on property will need a full rehab. Sheds do NOT convey. See attached documents for other uses! Very easy access to 295, 95, Heckscher Rd. 10-15 min from Beaches and State Parks, 15 min from Downtown. Marina photos shown for reference.

10. 2003-09-08
    soldstatus $119,000

ⓘ 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: $2,053 · $171/mo
• Projected year-2 tax: $2,053 · $171/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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 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: $29,987
• − Mortgage interest: −$7,837
• − Property taxes: −$2,053
• − Insurance: −$700
• − Repairs & maintenance: −$2,399
• − Management: −$2,399
• − Depreciation: −$4,070
• Taxable income: $10,530
• Est. tax owed @ 24.0%: −$2,527
• After-tax cash flow: $9,606/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): 21,256
• Household income: $110,179
• Rent vs Own: 10.0% rent · 90.0% own
• Severe rent burden: 277.0

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 White (65%)
• Race & ethnicity: White 65% Black 19% Two or more races 7% Hispanic / Latino 7% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Italian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 6% · Canada, China
• Languages at home: 91% English-only · Spanish 5% French/Haitian/Cajun 2% Arabic 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: ▼ -123.39%
• Current HPI: 266.9967
• Rent YoY: ▲ 0.98%
• 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

+17.6% since first listed

10 events — show timeline

• 2026-05-18 Listed $139,900 realMLS
• 2021-03-17 Sold (Public Records) $71,000 Public Records
• 2021-03-09 Sold (MLS) $71,000 realMLS
• 2021-02-02 Pending — realMLS
• 2021-01-25 Contingent — realMLS
• 2021-01-18 Price Changed $78,000 realMLS
• 2021-01-18 Listed $30,000 realMLS
• 2017-02-06 Listing Removed — realMLS
• 2016-10-24 Listed $144,000 realMLS
• 2003-09-08 Sold (Public Records) $119,000 Public Records

Property tax history

+1.3%/yr

Latest (2021): $2,053 · +1.6% YoY. Source: county tax records.