1473 State St W · Jacksonville, FL 32209

$105,900

3 bd · 1.0 ba · 1,040 sqft · SingleFamily public records · 233 Days on market

Built 1946 3,920 sqft lot Est $131k · 19% 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 +25.4/30.0
• ARV discount +15.0/15.0
• DSCR +8.4/10.0
• 1% rule +6.9/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Investment opportunity! Buy and hold this well maintained single family home. Rental rates in the area are between $800 - $900 per month. Resurfaced original hardwood flooring, Architectural shingled roof replaced in 2018, updated plumbing, and partially fenced backyard. Conveniently located close to downtown Jacksonville.

Key facts

• 3,920 sq ft lot
• Built 1946
• Listed 232 days

Property features AI

Exterior

• Parking: On-street parking
• Security: 24 hour security
• Utilities: 100 amp electric service; Public sewer; Water connected; Sewer connected; Electricity connected; Cable available
• Home design: Single family residence; One level
• Construction: Wood siding; Shingle roof
• Exterior features: Front porch; Rear porch; City street frontage; Asphalt road surface

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Wood flooring; 24 hour security
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $106k.

Deal economics

• At list price, monthly cash flow is $243 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $106k).
• Recommended offer: $93k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 3.9% 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.
• Zoned schools: Smart Pope Livingston Elementary (428 students, 91% FRL); Joseph Stilwell Middle School (math 31% / reading 33%, grade F, #448 of 571 statewide, top 79%, 612 students, 68% FRL); William M. Raines High School (math 14% / reading 13%, grade F, #616 of 667 statewide, top 92%, 1,217 students, 78% FRL) — zoned schools average 79% FRL vs 49% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 23% at this address vs 46% district-wide (-23 pts) — the specific schools serving this property underperform the Duval average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.8%/yr); 399 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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

• Local home prices are declining (-3.0%/yr); year-one equity from $732 of loan paydown is wiped out by about $3k 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 233 days — a 12% lower offer ($93k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 17y ago; this cycle's ask has dropped $34k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; list at $106k implies a 51% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1946 — 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 $93,192 (12.0% below list)

Questions for the listing agent

1. It's been on market 233 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1946 — 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: 1.19% ✓
• Cap rate: 9.04%
• Cash-on-cash: 9.83%
• DSCR: 1.44
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $131,040
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1438 State St W	0.09mi	3/2.0	1,075 (+3%)	5mo	$135,000	$126	82
1550 W 2nd St	0.08mi	3/2.0	972 (-6%)	2mo	$123,500	$127	79
1116 Fairfax St	0.37mi	3/1.0	1,000 (-4%)	2mo	$173,017	$173	75
1314 Rushing St	0.15mi	3/2.0	1,147 (+10%)	4mo	$183,000	$160	68
1470 Windle St	0.07mi	3/2.0	1,170 (+12%)	5mo	$94,750	$81	68
1519 8th St W	0.55mi	3/1.0	996 (-4%)	0mo	$20,000	$20	67
1831 Broadway Ave	0.64mi	3/2.0	1,050 (+1%)	3mo	$95,000	$90	62
1552 Union St W	0.17mi	4/2.0 (+1)	1,169 (+12%)	5mo	$177,250	$152	59
1725 Seminary St	0.71mi	3/1.0	996 (-4%)	3mo	$88,000	$88	58
1480 N Myrtle Ave N	0.40mi	2/1.0 (-1)	916 (-12%)	2mo	$60,000	$66	54
1327 7th St W	0.53mi	3/2.0	1,152 (+11%)	2mo	$215,017	$187	52
737 Minnie St	0.46mi	4/2.0 (+1)	1,188 (+14%)	4mo	$147,500	$124	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 · 1.81% rent growth · sell at horizon

5-year hold

• IRR: -2.9%
• Equity multiple: 0.89×
• Total profit: $-3,155
• Equity at exit: $15,790

10-year hold

• IRR: 5.5%
• Equity multiple: 1.38×
• Total profit: $11,327
• Equity at exit: $9,156

Cash invested: $29,652 (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 32209

• Home prices YoY: -22.1%
• Rents YoY: 1.8%
• Active inventory: 399
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,257 high
• Mortgage (P&I): −$555
• Tax from tax record: −$151 /mo · $1,810/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $243

Break-even live

Break-even rent $950

Max offer price $105,900

Occupancy floor 76%

Sensitivity live

Price	-10% $303	-5% $273	+0% $243	+5% $213	+10% $183
Rent	-10% $143	-5% $193	+0% $243	+5% $292	+10% $342
Rate	-1.0pp $296	-0.5pp $270	base $243	+0.5pp $215	+1.0pp $187

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: $26,475
• Closing costs: $3,177
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1470 Windle St Jacksonville, FL	3.0	2.0	1170	$1,425	$1.22	16d	1	0.06mi
844 Tyler St Unit 1 Jacksonville, FL	2.0	1.0	800	$900	$1.12	9d	1	0.07mi
1448 Union St W Jacksonville, FL	3.0	1.0	958	$1,200	$1.25	25d	1	0.10mi
1539 Union St W Jacksonville, FL	3.0	1.5	1000	$1,144	$1.14	15d	1	0.12mi
1545 Union St W Jacksonville, FL	3.0	2.0	1253	$1,400	$1.12	4d	1	0.13mi
1607 Logan St Jacksonville, FL	4.0	2.0	1232	$1,800	$1.46	25d	1	0.18mi
1425 Morgan St Jacksonville, FL	2.0	1.0	850	$650	$0.76	5d	1	0.18mi
1437 Prince St Unit 1437 Jacksonville, FL	2.0	1.0	700	$1,120	$1.60	25d	1	0.22mi
1657 Union St W Unit 1 Jacksonville, FL	2.0	1.0	700	$1,050	$1.50	3d	1	0.22mi
1376 Prince St Jacksonville, FL	2.0	1.0	800	$1,050	$1.31	9d	1	0.23mi
1710 W 2nd St Unit A Jacksonville, FL	2.0	1.0	939	$800	$0.85	25d	1	0.24mi
1358 Prince St Jacksonville, FL	3.0	3.5	1044	$1,350	$1.29	23d	1	0.25mi
1358 Prince St Jacksonville, FL	3.0	2.5	1044	$1,350	$1.29	25d	1	0.25mi
1640 W 4th St Unit 1 Jacksonville, FL	4.0	2.0	1119	$1,675	$1.50	21d	1	0.27mi
1478 W 5th St Jacksonville, FL	3.0	1.0	960	$1,225	$1.28	25d	1	0.31mi
1478 W 5th St Jacksonville, FL	3.0	1.0	960	$1,225	$1.28	6d	1	0.31mi
1460 W 5th St Unit 1 Jacksonville, FL	2.0	1.0	700	$850	$1.21	13d	1	0.32mi
1783 W 3rd St Jacksonville, FL	3.0	1.0	816	$650	$0.80	25d	1	0.35mi
1355 Grothe St Jacksonville, FL	4.0	1.0	1312	$1,350	$1.03	18d	1	0.36mi
1464 N Myrtle Ave Jacksonville, FL	2.0	1.0	1136	$1,400	$1.23	25d	1	0.41mi
1751 Broadway Ave Jacksonville, FL	2.0	1.0	1000	$1,525	$1.52	6d	1	0.42mi
1788 W 5th St Jacksonville, FL	3.0	2.0	948	$1,295	$1.37	25d	1	0.42mi
1230 W 3rd St Jacksonville, FL	2.0	1.0	750	$950	$1.27	25d	3	0.42mi
1537 7th St W Unit B Jacksonville, FL	3.0	1.0	950	$1,050	$1.11	25d	1	0.47mi
1537 W 7th St Jacksonville, FL	3.0	1.0	950	$1,050	$1.11	9d	1	0.47mi
1570 Mc Conihe St Unit B Jacksonville, FL	2.0	1.0	714	$875	$1.23	25d	1	0.49mi
1319 Woods St Jacksonville, FL	3.0	2.0	1103	$1,221	$1.11	25d	1	0.50mi
1666 Myrtle Ave N Unit 1666 Jacksonville, FL	2.0	1.0	700	$925	$1.32	25d	1	0.55mi
1538 Ella St Unit 1 Jacksonville, FL	2.0	1.0	700	$1,100	$1.57	25d	1	0.59mi
1911 W 3rd St Jacksonville, FL	3.0	1.0	912	$1,050	$1.15	6d	1	0.59mi
1866 W 6th St Jacksonville, FL	3.0	1.0	1064	$1,120	$1.05	5d	1	0.60mi
1320 Francis St Jacksonville, FL	2.0	2.0	1003	$1,095	$1.09	25d	1	0.66mi
1740 W 9th St Jacksonville, FL	4.0	2.0	1148	$1,285	$1.12	21d	1	0.68mi
1454 Francis St Jacksonville, FL	3.0	2.0	1084	$1,243	$1.15	25d	1	0.69mi
1934 W 6th St Jacksonville, FL	3.0	1.0	948	$1,125	$1.19	25d	1	0.70mi
1923 Broadway Ave Jacksonville, FL	3.0	2.0	1230	$1,421	$1.16	25d	1	0.71mi
1776 Spires Ave Unit 2 Jacksonville, FL	2.0	1.0	800	$1,125	$1.41	6d	1	0.75mi
1979 Yulee St Jacksonville, FL	3.0	2.0	1050	$1,500	$1.43	25d	1	0.76mi
1934 Ella St Jacksonville, FL	3.0	1.0	1045	$1,095	$1.05	21d	1	0.78mi
1995 W 4th St Jacksonville, FL	4.0	1.5	1213	$1,375	$1.13	25d	1	0.81mi

Listing history 20 events

1. 2026-04-27
   price $105,900
2. 2026-03-20
   price $109,900
3. 2026-03-07
   price $115,000
4. 2026-01-28
   price $120,000
5. 2025-10-09
   listed $140,000 Active
6. 2021-08-05
   soldstatus $70,000
7. 2021-07-26
   soldstatus $70,000 Sold 330-char remark

   Show marketing remark (330 chars)

   Great Investment opportunity! Buy and hold this well maintained single family home. Rental rates in the area are between $800 - $900 per month. Resurfaced original hardwood flooring, Architectural shingled roof replaced in 2018, updated plumbing, and partially fenced backyard. Conveniently located close to downtown Jacksonville.

8. 2021-07-20
   status Pending 330-char remark

   Show marketing remark (330 chars)

   Great Investment opportunity! Buy and hold this well maintained single family home. Rental rates in the area are between $800 - $900 per month. Resurfaced original hardwood flooring, Architectural shingled roof replaced in 2018, updated plumbing, and partially fenced backyard. Conveniently located close to downtown Jacksonville.

9. 2021-07-13
   historical Active - Contingent 330-char remark

   Show marketing remark (330 chars)

   Great Investment opportunity! Buy and hold this well maintained single family home. Rental rates in the area are between $800 - $900 per month. Resurfaced original hardwood flooring, Architectural shingled roof replaced in 2018, updated plumbing, and partially fenced backyard. Conveniently located close to downtown Jacksonville.

10. 2021-06-13
    listed $70,000 Active 330-char remark

    Show marketing remark (330 chars)

    Great Investment opportunity! Buy and hold this well maintained single family home. Rental rates in the area are between $800 - $900 per month. Resurfaced original hardwood flooring, Architectural shingled roof replaced in 2018, updated plumbing, and partially fenced backyard. Conveniently located close to downtown Jacksonville.

11. 2019-03-15
    soldstatus $42,000 Sold 389-char remark

    Show marketing remark (389 chars)

    EXCELLENT INVEStMENT OPPORTUNITY!!! 3/1 Rents for $700/month. New roof and appliances in 2018. Home has updated plumbing, recently serviced A/C, new siding, and recently painted exterior, original refinished hardwood floors. This home is ready for a new home owner or new tenant. Seller has never occupied home and gives no guarantees or warranties. Home is being sold AS-IS, where is.

12. 2019-03-01
    status Pending 389-char remark

    Show marketing remark (389 chars)

    EXCELLENT INVEStMENT OPPORTUNITY!!! 3/1 Rents for $700/month. New roof and appliances in 2018. Home has updated plumbing, recently serviced A/C, new siding, and recently painted exterior, original refinished hardwood floors. This home is ready for a new home owner or new tenant. Seller has never occupied home and gives no guarantees or warranties. Home is being sold AS-IS, where is.

13. 2019-02-22
    price $45,000 389-char remark

    Show marketing remark (389 chars)

    EXCELLENT INVEStMENT OPPORTUNITY!!! 3/1 Rents for $700/month. New roof and appliances in 2018. Home has updated plumbing, recently serviced A/C, new siding, and recently painted exterior, original refinished hardwood floors. This home is ready for a new home owner or new tenant. Seller has never occupied home and gives no guarantees or warranties. Home is being sold AS-IS, where is.

14. 2019-02-11
    price $47,500 389-char remark

    Show marketing remark (389 chars)

    EXCELLENT INVEStMENT OPPORTUNITY!!! 3/1 Rents for $700/month. New roof and appliances in 2018. Home has updated plumbing, recently serviced A/C, new siding, and recently painted exterior, original refinished hardwood floors. This home is ready for a new home owner or new tenant. Seller has never occupied home and gives no guarantees or warranties. Home is being sold AS-IS, where is.

15. 2019-01-25
    listed $49,900 Active 389-char remark

    Show marketing remark (389 chars)

    EXCELLENT INVEStMENT OPPORTUNITY!!! 3/1 Rents for $700/month. New roof and appliances in 2018. Home has updated plumbing, recently serviced A/C, new siding, and recently painted exterior, original refinished hardwood floors. This home is ready for a new home owner or new tenant. Seller has never occupied home and gives no guarantees or warranties. Home is being sold AS-IS, where is.

16. 2014-03-04
    listed $29,900
17. 2013-08-16
    soldstatus $14,500
18. 2013-04-02
    listed $14,500
19. 2010-01-05
    historical
20. 2009-09-22
    listed $29,000

ⓘ 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: $1,810 · $151/mo
• Projected year-2 tax: $1,810 · $151/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 5/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,085
• − Mortgage interest: −$5,932
• − Property taxes: −$1,810
• − Insurance: −$530
• − Repairs & maintenance: −$1,207
• − Management: −$1,207
• − Depreciation: −$3,081
• Taxable income: $1,319
• Est. tax owed @ 24.0%: −$317
• After-tax cash flow: $2,597/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): 34,657
• Household income: $30,514
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 2921.0

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 (88%)
• Race & ethnicity: Black 88% White 5% Hispanic / Latino 5% Two or more races 2%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Hispanic 1% Romanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4% French/Haitian/Cajun 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: ▼ -53.92%
• Current HPI: 189.5977
• Rent YoY: ▲ 1.81%
• 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

+265.2% since first listed

20 events — show timeline

• 2026-04-27 Price Changed $105,900 realMLS
• 2026-03-20 Price Changed $109,900 realMLS
• 2026-03-07 Price Changed $115,000 realMLS
• 2026-01-28 Price Changed $120,000 realMLS
• 2025-10-09 Listed $140,000 realMLS
• 2021-08-05 Sold (Public Records) $70,000 Public Records
• 2021-07-26 Sold (MLS) $70,000 realMLS
• 2021-07-20 Pending — realMLS
• 2021-07-13 Contingent — realMLS
• 2021-06-13 Listed $70,000 realMLS
• 2019-03-15 Sold (MLS) $42,000 realMLS
• 2019-03-01 Pending — realMLS
• 2019-02-22 Price Changed $45,000 realMLS
• 2019-02-11 Price Changed $47,500 realMLS
• 2019-01-25 Listed $49,900 realMLS
• 2014-03-04 Listed $29,900 realMLS
• 2013-08-16 Sold (MLS) $14,500 realMLS
• 2013-04-02 Listed $14,500 realMLS
• 2010-01-05 Listing Removed — realMLS
• 2009-09-22 Listed $29,000 realMLS

Property tax history

+8.0%/yr

Latest (2025): $1,810 · +18.3% YoY. Source: county tax records.