2774 Fitzgerald St · Jacksonville, FL 32254

$160,000

2 bd · 1.0 ba · 1,112 sqft · SingleFamily public records · 67 Days on market

Built 1922 5,662 sqft lot Est $160k · at est.

---

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 +16.7/30.0
• ARV discount +7.5/15.0
• Appreciation +6.7/10.0
• DSCR +5.2/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• 1% rule +3.7/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This 2-bedroom, 1-bathroom single-family residence offers 1,112 sq. ft. of potential in a prime location. Built in 1922 and sitting on a 5,546 sq. ft. lot, this property provides solid structure for renovation or value-add enhancements.

Key facts

• Decorative fireplace
• Renovated bungalow
• New roof

Tags

• RENOVATED BUNGALOW
• DECORATIVE FIREPLACE
• FULLY UPDATED KITCHEN
• NEW ROOF

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Other parking
• Utilities: Public sewer; Electricity available; Water available; Sewer connected
• Home design: Single-family residence; One story
• Construction: Wood siding
• Exterior features: East-facing; Lot approximately 0.13 acres

Interior

• Kitchen: Electric range; Microwave
• Bedrooms: 2 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air (electric)
• Interior features: Laminate flooring; Unfurnished
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $98 ($1k/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 $140k (12.5% below list).
• Recommended offer: $140k (12.5% below list) — sets the bar for 1% rule.

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: Ruth N. Upson Elementary School (math 72% / reading 67%, grade A-, #364 of 2,144 statewide, top 19%, 376 students, 61% FRL); Lake Shore Middle School (math 25% / reading 22%, grade F, #536 of 571 statewide, top 95%, 972 students, 75% FRL); Riverside High School (math 24% / reading 39%, grade F, #424 of 667 statewide, top 64%, 1,567 students, 60% FRL) — zoned schools average 65% FRL vs 49% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.7%/yr); 172 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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).

Forward outlook

• In year one you build about $7k of equity ($1k loan paydown + $5k appreciation (3.4% local appreciation)).
• Duval County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.4% appreciation + 1.7% rent growth), your $45k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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 $78k; list at $160k implies a 105% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1922 — 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 $139,953 (12.5% below list)

Questions for the listing agent

1. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1922 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 0.87% ✗
• Cap rate: 7.03%
• Cash-on-cash: 2.63%
• DSCR: 1.12
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $160,128
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2550 Summit St	0.31mi	2/2.0	1,083 (-3%)	0mo	$130,000	$120	77
2908 Spencer St	0.27mi	3/2.0 (+1)	1,100 (-1%)	0mo	$158,000	$144	76
2881 Lenox Ave	0.31mi	3/1.0 (+1)	1,068 (-4%)	2mo	$90,000	$84	72
306 Woodlawn Ave	0.47mi	3/2.0 (+1)	1,100 (-1%)	2mo	$70,000	$64	66
357 Smith St	0.13mi	3/2.0 (+1)	1,000 (-10%)	3mo	$142,000	$142	66
2654 Green St	0.74mi	3/1.0 (+1)	1,130 (+2%)	3mo	$246,500	$218	55
724 James St	0.47mi	3/2.0 (+1)	1,207 (+8%)	2mo	$265,000	$220	53
2562 Summit St	0.29mi	3/2.0 (+1)	1,268 (+14%)	3mo	$205,000	$162	52
3053 Gilmore St	0.72mi	2/1.0	1,008 (-9%)	0mo	$130,000	$129	50
3205 Dignan St	0.73mi	3/2.0 (+1)	1,080 (-3%)	2mo	$140,000	$130	50
3127 Dignan St	0.63mi	3/2.0 (+1)	1,197 (+8%)	2mo	$210,000	$175	47
3119 Rosselle St	0.74mi	3/1.0 (+1)	1,018 (-8%)	3mo	$167,500	$165	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.41% appreciation · 1.7% rent growth · sell at horizon

5-year hold

• IRR: 10.4%
• Equity multiple: 1.61×
• Total profit: $27,203
• Equity at exit: $75,691

10-year hold

• IRR: 11.9%
• Equity multiple: 2.82×
• Total profit: $81,393
• Equity at exit: $119,650

Cash invested: $44,800 (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.

Methodology + full state rankings →

ZIP-level market 32254

• Home prices YoY: 1.2%
• Rents YoY: 1.7%
• Active inventory: 172
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,400 high
• Mortgage (P&I): −$839
• Tax from tax record: −$102 /mo · $1,221/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $98

Break-even live

Break-even rent $1,275

Max offer price $160,000

Occupancy floor 88%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
371 Smith St Jacksonville, FL	3.0	2.0	1050	$1,325	$1.26	4d	1	0.14mi
420 Sunshine St Jacksonville, FL	3.0	2.0	1050	$1,350	$1.29	2d	1	0.14mi
717 King St Jacksonville, FL	3.0	2.0	1132	$1,800	$1.59	17d	1	0.50mi
2561 Rosselle St #1 Jacksonville, FL	3.0	3.0	1287	$1,395	$1.08	24d	1	0.50mi
2526 Phyllis St Jacksonville, FL	3.0	2.0	1300	$1,800	$1.38	24d	1	0.50mi
3035 Fitzgerald St Jacksonville, FL	2.0	1.0	900	$1,021	$1.13	3d	1	0.52mi
2759 Dellwood Ave Jacksonville, FL	3.0	2.0	1080	$2,100	$1.94	20d	1	0.57mi
2812 Ernest St Jacksonville, FL	3.0	1.0	1461	$2,800	$1.92	24d	1	0.57mi
2701 Myra St Jacksonville, FL	3.0	1.0	1065	$1,595	$1.50	21d	1	0.63mi
2980 Ernest St Jacksonville, FL	2.0	1.0	920	$1,200	$1.30	24d	1	0.65mi
2614 Dellwood Ave Jacksonville, FL	3.0	1.0	1122	$2,325	$2.07	4d	1	0.66mi
2410 McQuade St Jacksonville, FL	3.0	2.0	1307	$1,425	$1.09	24d	1	0.69mi
809 McDuff Ave S Jacksonville, FL	2.0	1.0	1006	$995	$0.99	4d	1	0.72mi
2611 Green St Jacksonville, FL	2.0	1.0	728	$1,195	$1.64	14d	1	0.72mi
2611 Green St Jacksonville, FL	2.0	1.0	728	$1,195	$1.64	24d	1	0.72mi
2128 Woodside St Jacksonville, FL	2.0	1.0	776	$895	$1.15	24d	1	0.73mi
2803 College St Jacksonville, FL	2.0	1.0	1100	$1,550	$1.41	14d	1	0.73mi
828 Acosta St Unit 1 Jacksonville, FL	1.0	1.0	806	$1,150	$1.43	24d	1	0.75mi
2012 Baldwin St Jacksonville, FL	3.0	2.0	1232	$1,445	$1.17	24d	1	0.76mi
3159 Phyllis St Jacksonville, FL	3.0	2.0	1209	$1,561	$1.29	3d	1	0.76mi
2653 College St Unit 2653 Jacksonville, FL	1.0	1.0	907	$1,295	$1.43	3d	1	0.77mi
2577 Haldumar Ter Jacksonville, FL	2.0	1.0	865	$1,050	$1.21	2d	1	0.78mi
2575 Haldumar Ter Jacksonville, FL	1.0	1.0	775	$965	$1.25	2d	1	0.78mi
2619 College St Unit 2 Jacksonville, FL	1.0	1.0	700	$1,050	$1.50	24d	1	0.78mi
2892 College St Unit 2892-2 Jacksonville, FL	1.0	1.0	700	$1,195	$1.71	17d	1	0.79mi
2578 Haldumar Ter Jacksonville, FL	2.0	1.0	1114	$2,195	$1.97	14d	1	0.79mi
2525 College St #1214 Jacksonville, FL	1.0	1.0	1019	$1,900	$1.86	24d	1	0.79mi
2777 Post St Jacksonville, FL	2.0	1.0	1200	$1,195	$1.00	24d	1	0.80mi
1923 Broadway Ave Jacksonville, FL	3.0	2.0	1230	$1,421	$1.16	24d	1	0.81mi
2657 Post St Apt 2 Jacksonville, FL	3.0	1.0	1100	$1,700	$1.55	3d	1	0.82mi
975 Willow Branch Ave Jacksonville, FL	1.0	1.0	950	$1,200	$1.26	4d	1	0.84mi
2929 Post St Jacksonville, FL	1.0	1.0	950	$1,100	$1.16	4d	1	0.85mi
3036 Green St Jacksonville, FL	3.0	1.0	924	$1,495	$1.62	24d	1	0.85mi
3236 Phyllis St Unit 3244 Jacksonville, FL	2.0	1.0	720	$850	$1.18	24d	1	0.85mi
2908 Post St Apt 3 Jacksonville, FL	1.0	1.0	720	$995	$1.38	14d	1	0.86mi
2908 Post St Unit 4 Jacksonville, FL	1.0	1.0	720	$995	$1.38	2d	1	0.86mi
3318 Dignan St Jacksonville, FL	3.0	2.0	960	$1,200	$1.25	24d	1	0.86mi
3319 Hunt St Jacksonville, FL	3.0	1.0	924	$1,295	$1.40	24d	1	0.87mi
3250 Phyllis St Jacksonville, FL	2.0	1.0	720	$850	$1.18	24d	1	0.87mi
3323 Nolan St Jacksonville, FL	3.0	1.0	927	$1,050	$1.13	2d	1	0.87mi

Listing history 9 events

1. 2026-06-03
   status $160,000 Pending 67 DOM
2. 2026-06-02
   days on market $160,000 Active 67 DOM
3. 2026-06-01
   days on market $160,000 Active 66 DOM
4. 2026-05-31
   days on market $160,000 Active 65 DOM
5. 2026-03-26
   listed $160,000 Active
6. 2025-05-16
   soldstatus $78,000
7. 2025-01-01
   historical 236-char remark

   Show marketing remark (236 chars)

   This 2-bedroom, 1-bathroom single-family residence offers 1,112 sq. ft. of potential in a prime location. Built in 1922 and sitting on a 5,546 sq. ft. lot, this property provides solid structure for renovation or value-add enhancements.

8. 2024-11-08
   price $99,000 236-char remark

   Show marketing remark (236 chars)

   This 2-bedroom, 1-bathroom single-family residence offers 1,112 sq. ft. of potential in a prime location. Built in 1922 and sitting on a 5,546 sq. ft. lot, this property provides solid structure for renovation or value-add enhancements.

9. 2024-11-05
   listed $105,000 Active 236-char remark

   Show marketing remark (236 chars)

   This 2-bedroom, 1-bathroom single-family residence offers 1,112 sq. ft. of potential in a prime location. Built in 1922 and sitting on a 5,546 sq. ft. lot, this property provides solid structure for renovation or value-add enhancements.

ⓘ 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: $1,221 · $102/mo
• Projected year-2 tax: $1,328 · $111/mo
• Expected delta: +$107/yr (+$9/mo · 8.8%)

ⓘ 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 5/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,794
• − Mortgage interest: −$8,962
• − Property taxes: −$1,221
• − Insurance: −$800
• − Repairs & maintenance: −$1,344
• − Management: −$1,344
• − Depreciation: −$4,655
• Taxable loss: −$1,531
• Est. tax savings @ 24.0%: +$367
• After-tax cash flow: $1,545/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): 13,927
• Household income: $34,953
• Rent vs Own: 50.2% rent · 49.8% own
• Severe rent burden: 882.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 60% White 28% Two or more races 7% Hispanic / Latino 5%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Slovak 1% Hispanic 1% Lithuanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 4% French/Haitian/Cajun 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: ▲ 3.41%
• Current HPI: 282.2981
• Rent YoY: ▲ 1.70%
• 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

+52.4% since first listed

5 events — show timeline

• 2026-03-26 Listed $160,000 realMLS
• 2025-05-16 Sold (Public Records) $78,000 Public Records
• 2025-01-01 Listing Removed — realMLS
• 2024-11-08 Price Changed $99,000 realMLS
• 2024-11-05 Listed $105,000 realMLS

Property tax history

+6.1%/yr

Latest (2025): $1,221 · +22.7% YoY. Source: county tax records.