8962 Monroe Ave · Jacksonville, FL 32208

$119,900

3 bd · 1.0 ba · 805 sqft · SingleFamily public records · 224 Days on market

Built 1951 7,405 sqft lot Est $101k · 18% over

---

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 +25.8/30.0
• DSCR +8.6/10.0
• 1% rule +7.0/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fantastic turnkey rental investment property opportunity in Trout River area! Property is currently rented at $745, making this property an instant income producer. Home had recent updates and will be cleaned and green at closing. Property Managment is place if interested.

Key facts

• 7,405 sq ft lot
• Built 1951
• Listed 224 days

Property features AI

Finance

• Other: Unfurnished
• HOA & community: Not a senior community

Exterior

• Parking: Secured parking
• Utilities: Cable available; Electricity available; Water available
• Home design: Single-family residence; Used for residential and investment purposes
• Exterior features: Lot about 0.17 acres; No private pool

Interior

• Kitchen: Electric range; Microwave
• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Electric range; Microwave
• Laundry & utility: Unfurnished unit (no washer/dryer included listed)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $289 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.2% 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: Jean Ribault Middle School (math 28% / reading 24%, grade F, #506 of 571 statewide, top 89%, 679 students, 78% FRL); Jean Ribault High School (math 22% / reading 25%, grade F, #533 of 667 statewide, top 80%, 1,385 students, 71% FRL) — zoned schools average 74% FRL vs 49% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 25% at this address vs 46% district-wide (-21 pts) — the specific schools serving this property underperform the Duval average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-1.4%/yr); 291 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $829 of loan paydown is wiped out by about $4k 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 224 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 20y ago; this cycle's ask has dropped $56k (32%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; list at $120k implies a 72% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $105,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 224 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 1951 — 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: 1.20% ✓
• Cap rate: 9.19%
• Cash-on-cash: 10.33%
• DSCR: 1.46
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $101,430
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8974 Jackson Ave	0.05mi	2/1.0 (-1)	808 (+0%)	2mo	$69,000	$85	90
9170 Madison Ave	0.26mi	2/1.0 (-1)	708 (-12%)	0mo	$75,000	$106	62
9152 6th Ave	0.57mi	2/1.0 (-1)	792 (-2%)	4mo	$119,000	$150	62
9115 Tyler Ave	0.28mi	2/1.0 (-1)	866 (+8%)	13mo	$140,020	$162	59
9135 5th Ave	0.50mi	3/1.0	896 (+11%)	1mo	$80,500	$90	57
9230 4th Ave	0.53mi	2/1.0 (-1)	752 (-7%)	12mo	$36,000	$48	50
8210 Monmouth Way	0.62mi	2/1.0 (-1)	884 (+10%)	15mo	$150,000	$170	37
8719 5th Ave	0.54mi	2/1.0 (-1)	700 (-13%)	14mo	$85,000	$121	37
2116 4th Ave	0.68mi	2/1.0 (-1)	720 (-11%)	11mo	$149,000	$207	36
9036 10th Ave	0.72mi	3/1.0	924 (+15%)	13mo	$116,000	$126	31

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: -4.3%
• Equity multiple: 0.85×
• Total profit: $-5,189
• Equity at exit: $17,877

10-year hold

• IRR: 1.5%
• Equity multiple: 1.09×
• Total profit: $3,070
• Equity at exit: $10,367

Cash invested: $33,572 (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: 7.0×

Monthly cashflow live

• Estimated rent: $1,435 high
• Mortgage (P&I): −$629
• Tax from tax record: −$166 /mo · $1,987/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $289

Break-even live

Break-even rent $1,069

Max offer price $119,900

Occupancy floor 75%

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9131 Jefferson Ave Jacksonville, FL	3.0	1.0	910	$1,350	$1.48	4d	1	0.21mi
9017 6th Ave Jacksonville, FL	2.0	1.0	1038	$1,098	$1.06	23d	1	0.51mi
8642 2nd Ave Jacksonville, FL	3.0	2.0	1074	$1,245	$1.16	1d	1	0.55mi
9050 7th Ave Jacksonville, FL	3.0	1.0	896	$1,485	$1.66	23d	1	0.59mi
8617 3rd Ave Jacksonville, FL	3.0	1.0	1048	$1,200	$1.15	10d	1	0.59mi
8663 5th Ave Jacksonville, FL	2.0	1.0	720	$1,045	$1.45	23d	1	0.60mi
8253 Lexington Dr Jacksonville, FL	3.0	1.0	910	$1,330	$1.46	23d	1	0.70mi
9248 9th Ave Jacksonville, FL	2.0	1.0	646	$995	$1.54	23d	1	0.75mi
912 Saratoga Blvd Jacksonville, FL	3.0	1.0	930	$1,250	$1.34	23d	1	0.76mi
9346 10th Ave Jacksonville, FL	3.0	1.0	985	$1,825	$1.85	23d	1	0.84mi
1000 Island Point Dr Jacksonville, FL	1.0–3.0	1.0–2.0	949	$1,684	$1.77	2d	9	0.91mi
2389 Hilly Rd Jacksonville, FL	3.0	1.0	908	$1,650	$1.82	23d	1	0.93mi
7927 Reid Ave Jacksonville, FL	3.0	1.0	1055	$1,500	$1.42	23d	1	0.95mi
1975 Rugby Rd Jacksonville, FL	2.0	1.0	992	$1,100	$1.11	7d	1	1.05mi
780 Island Point Dr Jacksonville, FL	1.0–3.0	1.0–2.0	1164	$2,143	$1.84	3d	16	1.14mi
800 Broward Rd Jacksonville, FL	1.0–3.0	1.0–2.0	1028	$1,711	$1.66	1d	42	1.15mi
2312 Palmdale St Jacksonville, FL	3.0	2.0	972	$1,231	$1.27	23d	1	1.36mi
2534 Aubrey Ave Jacksonville, FL	4.0	2.0	759	$1,250	$1.65	23d	1	1.39mi
10535 Lem Turner Rd Jacksonville, FL	1.0–4.0	1.0–2.0	1012	$1,562	$1.54	3d	40	1.50mi

Listing history 44 events

1. 2026-06-18
   days on market $119,900 Active 224 DOM
2. 2026-06-17
   days on market $119,900 Active 223 DOM
3. 2026-06-16
   days on market $119,900 Active 222 DOM
4. 2026-06-15
   days on market $119,900 Active 221 DOM
5. 2026-06-10
   days on market $119,900 Active 215 DOM
6. 2026-06-08
   days on market $119,900 Active 214 DOM
7. 2026-06-08
   days on market $119,900 Active 213 DOM
8. 2026-06-03
   days on market $119,900 Active 209 DOM
9. 2026-06-02
   days on market $119,900 Active 208 DOM
10. 2026-06-01
    days on market $119,900 Active 207 DOM
11. 2026-05-31
    days on market $119,900 Active 206 DOM
12. 2026-05-06
    status Active
13. 2026-05-05
    historical
14. 2026-05-04
    price $119,900
15. 2026-04-14
    price $129,900
16. 2026-02-23
    price $144,900
17. 2026-02-03
    price $165,000
18. 2025-12-08
    price $170,000
19. 2025-11-05
    listed $175,900 Active
20. 2025-10-11
    historical $1,250
21. 2025-09-12
    listed $1,250
22. 2025-01-26
    historical $1,074
23. 2025-01-11
    listed $1,074
24. 2025-01-11
    historical $1,074
25. 2024-12-04
    price $1,074
26. 2024-10-25
    price $1,075
27. 2024-10-17
    listed $1,159
28. 2024-10-17
    historical $1,159
29. 2024-10-07
    price $1,159
30. 2024-09-28
    listed $1,199
31. 2024-09-28
    historical $1,199
32. 2024-09-16
    price $1,199
33. 2024-09-05
    listed $1,215
34. 2024-09-05
    historical $1,215
35. 2024-08-16
    price $1,215
36. 2024-07-25
    listed $1,224
37. 2018-09-21
    soldstatus $69,900
38. 2018-06-06
    historical 274-char remark

    Show marketing remark (274 chars)

    Fantastic turnkey rental investment property opportunity in Trout River area! Property is currently rented at $745, making this property an instant income producer. Home had recent updates and will be cleaned and green at closing. Property Managment is place if interested.

39. 2018-04-06
    listed $70,000 Active 274-char remark

    Show marketing remark (274 chars)

    Fantastic turnkey rental investment property opportunity in Trout River area! Property is currently rented at $745, making this property an instant income producer. Home had recent updates and will be cleaned and green at closing. Property Managment is place if interested.

40. 2018-03-01
    historical 436-char remark

    Show marketing remark (436 chars)

    Fantastic turnkey rental investment property opportunity in Trout River area! Property is currently rented at $745, making this property an instant income producer. Home recently had over 8k in renovations done, making this a hassle free property ready for steady income flow! Property will be ''green and cleaned'' before transfer of property! Contact today for additional details, and to schedule your private showing!

41. 2017-10-24
    listed $70,000 Active 436-char remark

    Show marketing remark (436 chars)

    Fantastic turnkey rental investment property opportunity in Trout River area! Property is currently rented at $745, making this property an instant income producer. Home recently had over 8k in renovations done, making this a hassle free property ready for steady income flow! Property will be ''green and cleaned'' before transfer of property! Contact today for additional details, and to schedule your private showing!

42. 2006-06-28
    soldstatus $74,000
43. 2006-04-21
    historical
44. 2006-04-19
    listed $78,000

ⓘ 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: $1,987 · $166/mo
• Projected year-2 tax: $1,987 · $166/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 6/10 Major FEMA zone X (unshaded) · 66% 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: $17,217
• − Mortgage interest: −$6,716
• − Property taxes: −$1,987
• − Insurance: −$600
• − Repairs & maintenance: −$1,377
• − Management: −$1,377
• − Depreciation: −$3,488
• Taxable income: $1,671
• Est. tax owed @ 24.0%: −$401
• After-tax cash flow: $3,068/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

+53.7% since first listed

33 events — show timeline

• 2026-05-06 Relisted — realMLS
• 2026-05-05 Listing Removed — realMLS
• 2026-05-04 Price Changed $119,900 realMLS
• 2026-04-14 Price Changed $129,900 realMLS
• 2026-02-23 Price Changed $144,900 realMLS
• 2026-02-03 Price Changed $165,000 realMLS
• 2025-12-08 Price Changed $170,000 realMLS
• 2025-11-05 Listed $175,900 realMLS
• 2025-10-11 Rental Removed $1,250 SHOWMOJO
• 2025-09-12 Listed for Rent $1,250 SHOWMOJO
• 2025-01-26 Rental Removed $1,074 SHOWMOJO
• 2025-01-11 Listed for Rent $1,074 SHOWMOJO
• 2025-01-11 Rental Removed $1,074 PROPERTYWARE
• 2024-12-04 Price Changed $1,074 PROPERTYWARE
• 2024-10-25 Price Changed $1,075 PROPERTYWARE
• 2024-10-17 Listed for Rent $1,159 PROPERTYWARE
• 2024-10-17 Rental Removed $1,159 RENTALBEAST
• 2024-10-07 Price Changed $1,159 RENTALBEAST
• 2024-09-28 Listed for Rent $1,199 RENTALBEAST
• 2024-09-28 Rental Removed $1,199 RENTALBEAST
• 2024-09-16 Price Changed $1,199 RENTALBEAST
• 2024-09-05 Listed for Rent $1,215 RENTALBEAST
• 2024-09-05 Rental Removed $1,215 PROPERTYWARE
• 2024-08-16 Price Changed $1,215 PROPERTYWARE
• 2024-07-25 Listed for Rent $1,224 PROPERTYWARE
• 2018-09-21 Sold (Public Records) $69,900 Public Records
• 2018-06-06 Listing Removed — realMLS
• 2018-04-06 Listed $70,000 realMLS
• 2018-03-01 Listing Removed — realMLS
• 2017-10-24 Listed $70,000 realMLS
• 2006-06-28 Sold (Public Records) $74,000 Public Records
• 2006-04-21 Listing Removed — realMLS
• 2006-04-19 Listed $78,000 realMLS

Property tax history

+8.7%/yr

Latest (2025): $1,987 · +17.6% YoY. Source: county tax records.