299 E 48th St · Jacksonville, FL 32208

$64,900

2 bd · 1.0 ba · 792 sqft · SingleFamily public records · 46 Days on market

Built 1938 10,018 sqft lot Est $95k · 32% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

**HIGHEST AND BEST OFFERS DUE BY 5PM ON 02/19/2026***PERFECT STARTER HOME! Bright and spacious this 2 bedroom, 1 full bath home features recent updates to kitchen and bath, vinyl flooring throughout and a kitchen that is open to the living/dining room. Property is being sold ''As-Is'' with the right to inspect. Seller will make no repairs. seller will not pay for or provide survey. This property may qualify for Seller Financing(Vendee). if property was built prior to 1978, Lead Based Paint Potentially exists. Please see attachments for additional offer instructions.

Key facts

• 0.23 acre lot
• Built 1938
• Listed 46 days

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Cable available; Electricity available; Sewer available; Water available
• Home design: Single family residence
• Construction: Frame construction; Shingle roof
• Exterior features: Front porch; Back yard fencing; Shed(s) on the property; City street frontage; Asphalt road surface

Interior

• Bedrooms: 2 bedrooms
• Flooring: Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; No central cooling
• Interior features: Laminate flooring; Other appliances
• Laundry & utility: In-unit laundry with washer hookup and electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $345 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $63k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.7% 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 soft (-1.4%/yr); 291 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 34% of the median local income ($41k/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 $449 of loan paydown is wiped out by about $2k 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 + 0.0% rent growth), your $18k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 5y ago; this cycle's ask has dropped $10k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.8% of price; built in 1938 — expect roof / HVAC / electrical / plumbing capex.
• 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 $62,953 (3.0% below list)

Questions for the listing agent

1. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1938 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.80% ✓
• Cap rate: 12.68%
• Cash-on-cash: 22.81%
• DSCR: 2.01
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $95,040
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
299 E 48th St	0.00mi	2/1.0	792 (0%)	1mo	$66,500	$84	99
238 E 45th St	0.19mi	2/1.0	784 (-1%)	18mo	$89,000	$114	74
617 E 57th St	0.40mi	2/1.0	772 (-2%)	7mo	$136,000	$176	71
81 E 61st St	0.55mi	2/1.0	848 (+7%)	6mo	$40,000	$47	57
7120 Buffalo Ave	0.63mi	2/1.0	832 (+5%)	8mo	$141,017	$169	56
85 W 55th St	0.47mi	2/1.0	833 (+5%)	18mo	$100,000	$120	54
410 Demper Dr	0.73mi	2/1.0	784 (-1%)	12mo	$122,500	$156	54
7503 Wilder Ave	0.75mi	2/1.0	840 (+6%)	3mo	$50,300	$60	53
7106 Buffalo Ave	0.61mi	2/1.0	832 (+5%)	15mo	$140,020	$168	51
7129 Northland St	0.61mi	2/2.0	684 (-14%)	1mo	$50,000	$73	44
235 W 43rd St	0.64mi	2/1.0	734 (-7%)	19mo	$160,000	$218	42
607 E 60th St	0.57mi	2/1.0	892 (+13%)	13mo	$53,000	$59	42

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: 11.8%
• Equity multiple: 1.45×
• Total profit: $8,164
• Equity at exit: $9,677

10-year hold

• IRR: 17.9%
• Equity multiple: 2.25×
• Total profit: $22,627
• Equity at exit: $5,611

Cash invested: $18,172 (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 32208

• Home prices YoY: -33.6%
• Rents YoY: -1.4%
• Active inventory: 291
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,165 high
• Mortgage (P&I): −$340
• Tax from tax record: −$208 /mo · $2,493/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$245
• Net cashflow: $345

Break-even live

Break-even rent $728

Max offer price $64,900

Occupancy floor 65%

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: $16,225
• Closing costs: $1,947
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
217 E 48th St Jacksonville, FL	3.0	1.0	979	$1,096	$1.12	10d	1	0.12mi
349 E 45th St Jacksonville, FL	2.0	1.0	954	$1,175	$1.23	7d	1	0.18mi
205 E 44th St Jacksonville, FL	3.0	1.0	955	$1,075	$1.13	21d	1	0.26mi
222 E 43rd St Jacksonville, FL	2.0	1.0	840	$946	$1.13	23d	1	0.32mi
481 E 44th St Jacksonville, FL	2.0	1.0	668	$899	$1.35	23d	1	0.33mi
6701 N Main St Jacksonville, FL	1.0	1.0	700	$950	$1.36	23d	1	0.41mi
92 W 55th St Jacksonville, FL	2.0	1.0	624	$845	$1.35	21d	1	0.45mi
18 W 43rd St Jacksonville, FL	2.0	1.0	750	$795	$1.06	4d	1	0.47mi
41 Tallulah Ave Jacksonville, FL	3.0	1.0	1092	$1,390	$1.27	2d	1	0.49mi
525 E 60th St Jacksonville, FL	3.0	2.0	1120	$1,471	$1.31	23d	1	0.51mi
5035 N Main St Jacksonville, FL	3.0	1.0–2.0	816	$1,181	$1.45	23d	69	0.52mi
141 W 43rd St Jacksonville, FL	3.0	2.0	1022	$1,231	$1.20	3d	1	0.57mi
814 E 60th St Jacksonville, FL	2.0	1.0	981	$1,199	$1.22	1d	1	0.59mi
841 E 60th St Jacksonville, FL	3.0	1.0	954	$1,225	$1.28	23d	1	0.64mi
7140 Buffalo Ave Jacksonville, FL	2.0	1.0	832	$1,321	$1.59	23d	1	0.65mi
319 W 49th St Jacksonville, FL	2.0	1.0	977	$1,200	$1.23	23d	1	0.67mi
7345 Penrose St Jacksonville, FL	1.0	1.0	1006	$685	$0.68	16d	1	0.68mi
425 W 47th St Jacksonville, FL	3.0	1.5	1083	$1,193	$1.10	7d	1	0.73mi
22 W 38th St Jacksonville, FL	2.0	1.0	800	$1,100	$1.38	23d	1	0.73mi
7525 Oakwood St Jacksonville, FL	3.0	1.0	945	$1,375	$1.46	14d	1	0.76mi
8027 Floyd St Jacksonville, FL	2.0	1.5	935	$1,300	$1.39	2d	1	0.78mi
4918 N Pearl St Jacksonville, FL	2.0	1.0	850	$895	$1.05	23d	1	0.80mi
356 Duray Ct Jacksonville, FL	3.0	2.0	1070	$1,425	$1.33	13d	1	0.80mi
562 W 49th St Jacksonville, FL	3.0	1.0	1091	$1,195	$1.10	23d	1	0.83mi
385 Duray Ct Jacksonville, FL	3.0	1.0	932	$1,250	$1.34	19d	1	0.84mi
6460 Lanark Ave Jacksonville, FL	2.0	1.0	708	$1,095	$1.55	23d	1	0.88mi
511 Ivy St Jacksonville, FL	2.0	1.0	900	$995	$1.11	23d	1	0.90mi
609 E 30th St Jacksonville, FL	2.0	2.0	818	$1,138	$1.39	23d	1	0.93mi
5616 Calvin Ave Jacksonville, FL	3.0	1.0	1008	$1,195	$1.19	7d	1	0.97mi
3747 Peachtree St Jacksonville, FL	3.0	2.0	1082	$1,410	$1.30	4d	1	0.97mi
535 W 59th St Jacksonville, FL	3.0	2.0	816	$1,395	$1.71	7d	1	0.98mi
451 Long Branch Blvd Unit 451 Jacksonville, FL	2.0	1.0	1000	$1,350	$1.35	23d	1	0.99mi
5514 Long St Jacksonville, FL	2.0	1.0	941	$1,250	$1.33	1d	1	1.01mi
1305 E 30th St Jacksonville, FL	2.0	1.0	859	$1,150	$1.34	23d	1	1.03mi
7124 Lorain St Jacksonville, FL	3.0	1.0	864	$1,043	$1.21	3d	1	1.07mi
346 W 68th St Jacksonville, FL	3.0	1.0	1114	$1,385	$1.24	4d	1	1.13mi
1125 E 24th St Jacksonville, FL	2.0	1.0	914	$600	$0.66	17d	1	1.14mi
3728 Silver St Jacksonville, FL	2.0	1.0	916	$1,100	$1.20	23d	1	1.14mi
3403 Phoenix Ave Jacksonville, FL	3.0	1.0	1002	$995	$0.99	7d	1	1.16mi
4721 E Castlewood Dr Jacksonville, FL	3.0	1.0	1008	$1,250	$1.24	23d	1	1.17mi

Listing history 17 events

1. 2026-05-14
   status Pending
2. 2026-04-24
   price $64,900
3. 2026-03-25
   listed $74,900 Active
4. 2026-02-20
   historical 572-char remark

   Show marketing remark (572 chars)

   **HIGHEST AND BEST OFFERS DUE BY 5PM ON 02/19/2026***PERFECT STARTER HOME! Bright and spacious this 2 bedroom, 1 full bath home features recent updates to kitchen and bath, vinyl flooring throughout and a kitchen that is open to the living/dining room. Property is being sold ''As-Is'' with the right to inspect. Seller will make no repairs. seller will not pay for or provide survey. This property may qualify for Seller Financing(Vendee). if property was built prior to 1978, Lead Based Paint Potentially exists. Please see attachments for additional offer instructions.

5. 2026-02-16
   listed $48,500 Active 572-char remark

   Show marketing remark (572 chars)

   **HIGHEST AND BEST OFFERS DUE BY 5PM ON 02/19/2026***PERFECT STARTER HOME! Bright and spacious this 2 bedroom, 1 full bath home features recent updates to kitchen and bath, vinyl flooring throughout and a kitchen that is open to the living/dining room. Property is being sold ''As-Is'' with the right to inspect. Seller will make no repairs. seller will not pay for or provide survey. This property may qualify for Seller Financing(Vendee). if property was built prior to 1978, Lead Based Paint Potentially exists. Please see attachments for additional offer instructions.

6. 2022-08-03
   soldstatus $162,000
7. 2022-07-20
   soldstatus $162,000 Sold 401-char remark

   Show marketing remark (401 chars)

   Fully-renovated home ready for a new owner. Amazing opportunity to own this beautifully renovated affordable home. New floors throughout. New kitchen cabinets with granite countertops. Updated electrical and plumbing. Roof 2022. Water Heater 2022. Gorgeous bathroom. Enjoy your cup of coffee on the front porch. Spacious back yard. Dont miss this opportunity to own this move-in ready affordable home.

8. 2022-06-19
   status Pending 401-char remark

   Show marketing remark (401 chars)

   Fully-renovated home ready for a new owner. Amazing opportunity to own this beautifully renovated affordable home. New floors throughout. New kitchen cabinets with granite countertops. Updated electrical and plumbing. Roof 2022. Water Heater 2022. Gorgeous bathroom. Enjoy your cup of coffee on the front porch. Spacious back yard. Dont miss this opportunity to own this move-in ready affordable home.

9. 2022-06-10
   listed $159,900 Active 401-char remark

   Show marketing remark (401 chars)

   Fully-renovated home ready for a new owner. Amazing opportunity to own this beautifully renovated affordable home. New floors throughout. New kitchen cabinets with granite countertops. Updated electrical and plumbing. Roof 2022. Water Heater 2022. Gorgeous bathroom. Enjoy your cup of coffee on the front porch. Spacious back yard. Dont miss this opportunity to own this move-in ready affordable home.

10. 2022-03-17
    soldstatus $65,000 Sold
11. 2022-03-02
    status Pending
12. 2022-02-01
    listed $79,000 Active
13. 2021-01-18
    historical
14. 2021-01-01
    listed $58,000 Active
15. 2018-03-13
    soldstatus $851,700
16. 1986-09-18
    soldstatus $2,090
17. 1980-11-01
    soldstatus $17,000

ⓘ 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: $2,493 · $208/mo
• Projected year-2 tax: $2,493 · $208/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 1/10 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 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,983
• − Mortgage interest: −$3,635
• − Property taxes: −$2,493
• − Insurance: −$324
• − Repairs & maintenance: −$1,119
• − Management: −$1,119
• − Depreciation: −$1,888
• Taxable income: $3,405
• Est. tax owed @ 24.0%: −$817
• After-tax cash flow: $3,328/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): 32,699
• Household income: $41,324
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 1765.0

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 (77%)
• Race & ethnicity: Black 77% White 16% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 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: ▼ -110.56%
• Current HPI: 217.9706
• Rent YoY: ▼ -1.36%
• 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

+281.8% since first listed

17 events — show timeline

• 2026-05-14 Pending — realMLS
• 2026-04-24 Price Changed $64,900 realMLS
• 2026-03-25 Listed $74,900 realMLS
• 2026-02-20 Listing Removed — realMLS
• 2026-02-16 Listed $48,500 realMLS
• 2022-08-03 Sold (Public Records) $162,000 Public Records
• 2022-07-20 Sold (MLS) $162,000 realMLS
• 2022-06-19 Pending — realMLS
• 2022-06-10 Listed $159,900 realMLS
• 2022-03-17 Sold (MLS) $65,000 realMLS
• 2022-03-02 Pending — realMLS
• 2022-02-01 Listed $79,000 realMLS
• 2021-01-18 Listing Removed — realMLS
• 2021-01-01 Listed $58,000 realMLS
• 2018-03-13 Sold (Public Records) $851,700 Public Records
• 1986-09-18 Sold (Public Records) $2,090 Public Records
• 1980-11-01 Sold (Public Records) $17,000 Public Records

Property tax history

+13.0%/yr

Latest (2025): $2,493 · +73.8% YoY. Source: county tax records.