80 Belfort Ct · Fruit Cove, FL 32092

$342,500

3 bd · 2.5 ba · 1,799 sqft · Land · 27 Days on market

Built 2026 2,178 sqft lot $20/mo HOA · 1% of rent ↓ 52% since listing

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Why this score? — see what drove the D- 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 +10.6/30.0
• ARV discount +7.5/15.0
• Schools +6.4/10.0
• Livability +3.5/5.0
• DSCR +3.1/10.0
• 1% rule +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

MOVE IN READY!! Introducing the Wigeon floor plan by Lennar Townhomes - a spacious unit featuring 3 bedrooms, 2.5 bathrooms, and a two-car garage. This home includes Lennar's signature Everything's Included package: elegant white quartz countertops, 42-inch cabinetry, and a complete Frigidaire stainless steel appliance, range, dishwasher, microwave, and refrigerator. Stylish ceramic wood-look tile is featured in all wet areas and extends into the living, dining, and hallway spaces. Additional highlights include quartz vanities, a pre-screened lanai, water heater, window blinds throughout, a full sprinkler system, and a pavered driveway. Enjoy added peace of mind with a one-year builder w

Key facts

• $20 HOA
• 2 garage spots
• Community pool

Property features AI

Finance

• HOA & community: Homeowners association with annual fee; Association amenities: clubhouse, fitness center, jogging path, playground, tennis courts, trash service; CDD fee applies

Exterior

• Parking: Attached 2-car garage with garage door opener
• Utilities: Public sewer; Electricity connected; Water connected; Windows identified as energy efficient
• Home design: Townhouse; One story; Attached property
• Construction: Fiber cement and frame construction; Shingle roof
• Exterior features: Patio with screened porch; Pond on the property; Front and rear sprinkler systems; Asphalt road access

Interior

• Kitchen: Dishwasher; Disposal; Electric cooktop; Electric oven; Electric range; Ice maker; Microwave; Refrigerator
• Bedrooms: 3 bedrooms (two on second level, primary on first level)
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating (electric, heat pump); Central air conditioning (electric)
• Interior features: Breakfast bar; Eat-in kitchen; Pantry; Primary bathroom with shower (no tub); Split bedroom floor plan; Walk-in closet(s)
• Laundry & utility: Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath land listed at $342k.

Deal economics

• At list price, monthly cash flow is $-167 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $313k (8.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $262k (23.6% below list).
• Recommended offer: $262k (23.6% below list) — sets the bar for 1% rule.
• Cap rate 5.7% vs local median 2.9% in Fruit Cove — 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 69/100 on livability (#469 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living F.
• St. Johns (rural): math 75% / reading 73% proficiency, ranked #2 of 73 in FL (top 3%) — strong family-tenant draw, lease renewals of 3-5y typical; only 20% free/reduced lunch — higher-income household profile.
• Zoned schools: Timberlin Creek Elementary School (math 81% / reading 85%, grade A+, #65 of 2,144 statewide, top 3%, 1,311 students, 9% FRL); Switzerland Point Middle School (math 80% / reading 72%, grade A, #34 of 571 statewide, top 6%, 1,430 students, 5% FRL); Bartram Trail High School (math 68% / reading 75%, grade B+, #49 of 667 statewide, top 8%, 2,493 students, 4% FRL).
• Market conditions: Rents flat; 1323 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 5,575 units permitted in St. Johns County in 2024 (584 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 $10k of value loss. Plan a longer hold.
• St. Johns County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($337k) is reasonable based on typical stale-listing flexibility.

Recommended offer $261,691 (23.6% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-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. 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?
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: 0.76% ✗
• Cap rate: 5.71%
• Cash-on-cash: -2.09%
• DSCR: 0.91
• GRM: 10.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.08% rent growth · sell at horizon

5-year hold

• IRR: -22.9%
• Equity multiple: 0.23×
• Total profit: $-73,660
• Equity at exit: $51,068

10-year hold

• IRR: -26.7%
• Equity multiple: -0.12×
• Total profit: $-106,939
• Equity at exit: $29,613

Cash invested: $95,900 (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 32092

• Home prices YoY: -32.2%
• Rents YoY: 0.1%
• Active inventory: 1323
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $2,617 high
• Mortgage (P&I): −$1,796
• Tax from tax record: −$276 /mo · $3,309/yr
• Insurance: −$143
• HOA: −$20
• Vacancy / Maint / Mgmt: −$550
• Net cashflow: $-167

Break-even live

Break-even rent $2,829

Max offer price $312,967

Occupancy floor —

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: $85,625
• Closing costs: $10,275
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
380 Belfort Ct Saint Augustine, FL	3.0	2.5	1782	$2,500	$1.40	23d	1	0.19mi
413 Rosemont Dr Saint Augustine, FL	3.0	2.5	1782	$2,125	$1.19	23d	1	0.26mi
78 Gaston Ct Saint Augustine, FL	3.0	2.5	1635	$2,250	$1.38	23d	1	0.32mi
72 Ben Ct Saint Augustine, FL	4.0	3.0	2289	$2,875	$1.26	20d	1	0.33mi
98 Neighbor CIR St Augustine, FL	4.0	2.5	2299	$2,400	$1.04	23d	1	0.65mi
36 Viceroy Ct Saint Augustine, FL	3.0	2.5	1631	$2,850	$1.75	17d	1	0.74mi
18 Longtail Dr Saint Augustine, FL	2.0–3.0	2.0–2.5	1714	$3,142	$1.83	1d	9	0.84mi

HOA detail

• Monthly dues: $20 · $240/yr
• Likely covers: water

Listing history 3 events

1. 2026-05-04
   status Pending
2. 2026-04-07
   listed $342,500 Active
3. 2025-09-22
   soldstatus $708,100

ⓘ 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: $3,309 · $276/mo
• Projected year-2 tax: $3,309 · $276/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $31,403
• − Mortgage interest: −$19,185
• − Property taxes: −$3,309
• − Insurance: −$1,712
• − Repairs & maintenance: −$2,512
• − Management: −$2,512
• − HOA: −$240
• − Depreciation: −$9,964
• Taxable loss: −$8,032
• Est. tax savings @ 24.0%: +$1,928
• After-tax cash flow: $-79/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: St. Johns
• NCES district ID: 1201740
• Math proficiency: 75% ▼ -5.00%
• Reading proficiency: 73% ▼ -2.00%
• Median HH income: $66,842
• Composite: 64.31/100
• National rank: #556
• State rank: #2 of 73 in FL

Livability — Fruit Cove

• Score: 69/100
• State rank: #469
• US rank: #8490

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing A+ Health & safety F User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Saint Johns County · 301,599 people
• Metro: Jacksonville, FL
• Population (ZIP): 53,071
• Household income: $131,020
• Rent vs Own: 12.8% rent · 87.2% own
• Severe rent burden: 706.0

Population outlook (St. Johns County) Hauer SSP2

• Today (2025): 303,941 people
• By 2030: 342,590 · +12.7%
• By 2040: 417,328 · +37.3%
• By 2050: 487,011 · +60.2%
• By 2075: 635,395 · +109.1%
• By 2100: 717,469 · +136.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Two or more races 11% Hispanic / Latino 9% Black 6% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 3% Scotch-Irish 3% Slovak 3%
• Foreign-born: 10% · Canada, Vietnam
• Languages at home: 87% English-only · Spanish 6% Russian/Polish/Slavic 2% Other Indo-European 2%

Political lean MEDSL · St. Johns

• 2024 margin: Solid R (+31.4) · D 33.9% · R 65.2%
• 2008→2024 swing: +0.2pp no change · 2008: -31.6pp · 2024: -31.4pp
• All cycles: 2024: R+31.4 2020: R+26.7 2016: R+33.4 2012: R+37.8 2008: R+31.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -123.26%
• Current HPI: 259.732
• Rent YoY: ▲ 0.08%
• 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

-51.6% since first listed

3 events — show timeline

• 2026-05-04 Pending — realMLS
• 2026-04-07 Listed $342,500 realMLS
• 2025-09-22 Sold (Public Records) $708,100 Public Records

Property tax history

+3.2%/yr

Latest (2025): $3,309 · +3.2% YoY. Source: county tax records.