3401 Townsend Blvd #1208 · Jacksonville, FL 32277

$94,000

1 bd · 1.0 ba · 801 sqft · Condo public records · 187 Days on market

Built 1974 $213/mo HOA · 18% of rent ↓ 4% since listing

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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 +19.6/30.0
• 1% rule +7.6/10.0
• ARV discount +7.5/15.0
• DSCR +6.2/10.0
• 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

Come see this beautiful 1 bedroom with 1 full bath condo located on the second floor. Tile in the family and dining areas. You will definitely call it home at first sight. //// Seller agrees to pay first year HOA with a solid offer. Prepaid security system will be left with the condo also.\\\

Key facts

• Community pool
• Private balcony
• Easy access to 295

Tags

• 2ND STORY CONDO
• PRIVATE BALCONY
• COMMUNITY POOL
• ASSIGNED PARKING
• EASY ACCESS TO 295

Property features AI

Finance

• HOA & community: Homeowners association with monthly fee; Association amenities include clubhouse and trash service; HOA fee includes maintenance of grounds, sewer, and water

Exterior

• Parking: Assigned parking; Guest parking; Parking lot
• Utilities: Electricity available; Sewer connected; Water connected
• Home design: Condominium; Two levels; 2 stories total; Faces west; Entry on level 2; Property attached
• Exterior features: Balcony; Community pool (not private)

Interior

• Kitchen: Dishwasher; Electric oven; Microwave; Refrigerator
• Bedrooms: 1 bedroom (entry level: 2)
• Flooring: Carpet; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Breakfast bar; Entrance foyer; Primary bathroom with tub and shower; Walk-in closet(s)
• Laundry & utility: In-unit laundry (stacked washer/dryer)

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $94k.

Deal economics

• At list price, monthly cash flow is $108 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $94k).
• Recommended offer: $83k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.7% 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.
• Zoned schools: Lake Lucina Elementary School (math 62% / reading 47%, grade C, #892 of 2,144 statewide, top 44%, 333 students, 69% FRL); Fort Caroline Middle School (math 31% / reading 32%, grade F, #453 of 571 statewide, top 81%, 424 students, 61% FRL); Terry Parker High School (math 12% / reading 24%, grade F, #570 of 667 statewide, top 86%, 1,353 students, 66% 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 (+1.9%/yr); 118 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $650 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 187 days — a 12% lower offer ($83k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 21y ago; this cycle's ask is 9347% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

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 $82,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 187 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 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.26% ✓
• Cap rate: 7.67%
• Cash-on-cash: 4.92%
• DSCR: 1.22
• GRM: 6.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.94% rent growth · sell at horizon

5-year hold

• IRR: -10.0%
• Equity multiple: 0.64×
• Total profit: $-9,486
• Equity at exit: $14,016

10-year hold

• IRR: -2.3%
• Equity multiple: 0.85×
• Total profit: $-3,926
• Equity at exit: $8,127

Cash invested: $26,320 (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 32277

• Rents YoY: 1.9%
• Active inventory: 118
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,188 high
• Mortgage (P&I): −$493
• Tax from tax record: −$86 /mo · $1,029/yr
• Insurance: −$39
• HOA: −$213
• Vacancy / Maint / Mgmt: −$250
• Net cashflow: $108

Break-even live

Break-even rent $1,052

Max offer price $94,000

Occupancy floor 86%

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: $23,500
• Closing costs: $2,820
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3450 Townsend Blvd Jacksonville, FL	3.0	1.0–2.0	816	$1,126	$1.38	15d	13	0.16mi
3501 Townsend Blvd Jacksonville, FL	3.0	1.0–2.5	816	$1,185	$1.45	2d	25	0.23mi
3544 Villa Pl Jacksonville, FL	2.0	2.0	1086	$1,400	$1.29	24d	1	0.30mi
3523 Colony Cove Trl W Jacksonville, FL	2.0	2.0	1062	$1,450	$1.37	24d	1	0.33mi
7925 Merrill Rd Jacksonville, FL	1.0–3.0	1.0–2.0	1065	$1,125	$1.06	2d	46	0.95mi
8230 Dames Point Crossing Blvd N #1103 Jacksonville, FL	2.0	2.5	1100	$1,100	$1.00	11d	1	1.15mi
7920 Merrill Rd Jacksonville, FL	2.0–3.0	2.0	1048	$1,200	$1.14	8d	4	1.26mi
7920 Merrill Rd Jacksonville, FL	2.0–3.0	2.0	1048	$1,250	$1.19	2d	3	1.26mi
7920 Merrill Rd Jacksonville, FL	2.0–3.0	2.0	1048	$1,100	$1.05	17d	5	1.26mi
8291 Dames Point Crossing Blvd N Jacksonville, FL	1.0	1.0	1017	$1,395	$1.37	2d	1	1.27mi
5838 Yellow Pine Ct Unit C Jacksonville, FL	2.0	1.0	756	$900	$1.19	24d	1	1.37mi
5959 Fort Caroline Rd Jacksonville, FL	1.0–3.0	1.0–2.0	1008	$950	$0.94	8d	9	1.39mi
3780 University Club Blvd Jacksonville, FL	1.0–3.0	1.0–2.0	861	$997	$1.16	3d	55	1.40mi
3266 Justina Rd Unit 29-066B Jacksonville, FL	1.0	1.0	850	$1,100	$1.29	24d	1	1.47mi
1811 Rogero Rd Jacksonville, FL	1.0	1.0	750	$849	$1.13	20d	3	1.50mi

HOA detail condo

• Monthly dues: $213 · $2,556/yr
• Likely covers: security
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-05-31
   days on market $94,000 Active 187 DOM
2. 2026-02-17
   price $94,000
3. 2026-01-20
   price $97,500
4. 2026-01-15
   historical $995
5. 2026-01-13
   listed $995
6. 2026-01-02
   price $102,500
7. 2025-11-25
   listed $107,500 Active
8. 2025-11-22
   historical $1,095
9. 2025-11-20
   listed $1,095
10. 2008-06-20
    historical 293-char remark

    Show marketing remark (293 chars)

    Come see this beautiful 1 bedroom with 1 full bath condo located on the second floor. Tile in the family and dining areas. You will definitely call it home at first sight. //// Seller agrees to pay first year HOA with a solid offer. Prepaid security system will be left with the condo also.\\\

11. 2008-01-30
    listed $98,880 293-char remark

    Show marketing remark (293 chars)

    Come see this beautiful 1 bedroom with 1 full bath condo located on the second floor. Tile in the family and dining areas. You will definitely call it home at first sight. //// Seller agrees to pay first year HOA with a solid offer. Prepaid security system will be left with the condo also.\\\

12. 2005-10-24
    historical 279-char remark

    Show marketing remark (279 chars)

    Unparralleled Value! Perfect combination of a relaxed quiet condo living and exceptional convenience to everything. Five Spacious Floorplans! Low Low Low Association Fees. A sparkling swimming pool, elegant clubhouse and exercise facility make these homes an excellent value.

13. 2005-08-31
    soldstatus $97,700
14. 2005-07-22
    soldstatus $97,700 279-char remark

    Show marketing remark (279 chars)

    Unparralleled Value! Perfect combination of a relaxed quiet condo living and exceptional convenience to everything. Five Spacious Floorplans! Low Low Low Association Fees. A sparkling swimming pool, elegant clubhouse and exercise facility make these homes an excellent value.

15. 2005-06-12
    listed $97,700 279-char remark

    Show marketing remark (279 chars)

    Unparralleled Value! Perfect combination of a relaxed quiet condo living and exceptional convenience to everything. Five Spacious Floorplans! Low Low Low Association Fees. A sparkling swimming pool, elegant clubhouse and exercise facility make these homes an excellent value.

ⓘ 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: $1,029 · $86/mo
• Projected year-2 tax: $1,029 · $86/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 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 21 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: $14,259
• − Mortgage interest: −$5,265
• − Property taxes: −$1,029
• − Insurance: −$470
• − Repairs & maintenance: −$1,141
• − Management: −$1,141
• − HOA: −$2,556
• − Depreciation: −$2,735
• Taxable loss: −$77
• Est. tax savings @ 24.0%: +$19
• After-tax cash flow: $1,313/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): 36,338
• Household income: $61,554
• Rent vs Own: 49.1% rent · 50.9% own
• Severe rent burden: 2550.0

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 0.68)
• Race & ethnicity: White 41% Black 36% Hispanic / Latino 16% Two or more races 10% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 7% Cuban 4%
• Common ancestry: Hispanic 5% Slovak 2% Lithuanian 1%
• Foreign-born: 15% · Canada, Jamaica, Vietnam
• Languages at home: 80% English-only · Spanish 10% French/Haitian/Cajun 4% Russian/Polish/Slavic 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: ▼ -180.79%
• Current HPI: 289.4062
• Rent YoY: ▲ 1.94%
• 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

-3.8% since first listed

14 events — show timeline

• 2026-02-17 Price Changed $94,000 realMLS
• 2026-01-20 Price Changed $97,500 realMLS
• 2026-01-15 Rental Removed $995 NEFLMLS
• 2026-01-13 Listed for Rent $995 NEFLMLS
• 2026-01-02 Price Changed $102,500 realMLS
• 2025-11-25 Listed $107,500 realMLS
• 2025-11-22 Rental Removed $1,095 NEFLMLS
• 2025-11-20 Listed for Rent $1,095 NEFLMLS
• 2008-06-20 Listing Removed — realMLS
• 2008-01-30 Listed $98,880 realMLS
• 2005-10-24 Listing Removed — realMLS
• 2005-08-31 Sold (Public Records) $97,700 Public Records
• 2005-07-22 Sold (MLS) $97,700 realMLS
• 2005-06-12 Listed $97,700 realMLS

Property tax history

+13.2%/yr

Latest (2025): $1,029 · +33.1% YoY. Source: county tax records.