1557 El Prado Rd #1 · Jacksonville, FL 32216

$65,000

1 bd · 1.0 ba · 725 sqft · Condo public records · 10 Days on market

Built 1967 $500/mo HOA · 43% of rent

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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 +10.0/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• DSCR +2.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to Southbrook Condos, a quiet gated community just off Beach Boulevard in Jacksonville's popular Southside area, where Spanish-inspired architecture, mature shade trees, and a sparkling community pool set a relaxed Florida tone. This ground-floor end unit offers 1 bedroom, 1 full bathroom, and 725 square feet of easy-living space, making it a smart fit for first-time buyers, downsizers, and investors alike. Inside, tile flooring runs throughout the open living and dining areas, complemented by ceiling fans and track lighting. The kitchen features rich wood cabinetry, an electric range, over-range microwave, and a double-basin sink. The generously sized bedroom enjoys two bright wind

Key facts

• Gated community
• Rich wood cabinetry
• Community pool

Tags

• GATED COMMUNITY
• SPANISH INSPIRED ARCHITECTURE
• COMMUNITY POOL
• TILE FLOORING
• RICH WOOD CABINETRY
• DOUBLE BASIN SINK

Property features AI

Finance

• HOA & community: Homeowners association with laundry amenity; Monthly association fee of $500

Exterior

• Parking: Assigned parking; Additional parking available
• Utilities: Public sewer; Electricity connected; Sewer connected; Water connected
• Home design: Condominium; 2-story building; Entry level: 1; Property attached
• Construction: Stucco construction; Tile roof
• Exterior features: Community pool (not private)

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 1 bedroom (entry level)
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Primary bathroom with tub and shower
• Laundry & utility: Community laundry available; Unfurnished unit

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $65k.

Deal economics

• At list price, monthly cash flow is $-39 ($-465/yr) — negative.
• To cash-flow at today's rent, offer at most $58k (10.5% below list).
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $58k (10.5% below list) — sets the bar for cash-flow.
• Cap rate 5.6% 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: Hogan-Spring Glen Elementary School (math 47% / reading 42%, grade F, #1,288 of 2,144 statewide, top 62%, 450 students, 62% FRL); Arlington Middle School (math 23% / reading 21%, grade F, #549 of 571 statewide, top 97%, 798 students, 74% FRL); Englewood High School (math 21% / reading 21%, grade F, #551 of 667 statewide, top 83%, 1,741 students, 58% FRL) — zoned schools average 64% FRL vs 49% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 29% at this address vs 46% district-wide (-16 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 (-0.2%/yr); 223 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 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 $449 of loan paydown is wiped out by about $2k 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

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $32k; list at $65k implies a 104% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 43% of rent.
• 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 $58,161 (10.5% 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. Built in 1967 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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: 1.78% ✓
• Cap rate: 5.58%
• Cash-on-cash: -2.55%
• DSCR: 0.89
• GRM: 4.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -27.8%
• Equity multiple: 0.12×
• Total profit: $-16,062
• Equity at exit: $9,692

10-year hold

• IRR: -81.7%
• Equity multiple: -0.59×
• Total profit: $-28,938
• Equity at exit: $5,620

Cash invested: $18,200 (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 32216

• Rents YoY: -0.2%
• Active inventory: 223
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,157 high
• Mortgage (P&I): −$341
• Tax from tax record: −$85 /mo · $1,018/yr
• Insurance: −$27
• HOA: −$500
• Vacancy / Maint / Mgmt: −$243
• Net cashflow: $-39

Break-even live

Break-even rent $1,206

Max offer price $58,161

Occupancy floor 98%

Sensitivity live

Price	-10% $-2	-5% $-20	+0% $-39	+5% $-57	+10% $-76
Rent	-10% $-130	-5% $-84	+0% $-39	+5% $7	+10% $53
Rate	-1.0pp $-6	-0.5pp $-22	base $-39	+0.5pp $-56	+1.0pp $-73

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7505 Beach Blvd Jacksonville, FL	3.0	1.0–2.0	900	$1,183	$1.31	25d	20	0.19mi
1627 West Rd Unit 1627 Jacksonville, FL	1.0	1.0	464	$875	$1.89	21d	1	0.38mi
8037 Parental Cir Jacksonville, FL	2.0	1.0	624	$1,350	$2.16	25d	1	0.65mi
8067 Parental Cir Jacksonville, FL	2.0	1.0	624	$1,200	$1.92	25d	1	0.67mi
6650 Corporate Center Pkwy Jacksonville, FL	1.0–3.0	1.0–2.0	990	$1,299	$1.31	3d	12	0.71mi
1920 Dean Rd Jacksonville, FL	1.0	1.0	620	$1,070	$1.73	25d	1	0.82mi
8343 Hogan Rd Jacksonville, FL	1.0–3.0	1.0–2.0	1043	$1,180	$1.13	4d	17	0.84mi
1386 Pullen Rd Jacksonville, FL	1.0	1.0	552	$800	$1.45	25d	1	1.01mi
1386 Pullen Rd Jacksonville, FL	1.0	1.0	552	$800	$1.45	9d	1	1.01mi
2886 Rex Dr Jacksonville, FL	1.0	1.0	550	$1,150	$2.09	25d	1	1.34mi
2900 Coronet Ln Jacksonville, FL	1.0	1.0	432	$1,045	$2.42	4d	6	1.42mi

HOA detail condo

• Monthly dues: $500 · $6,000/yr
• Likely covers: electricpoolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 8 events

1. 2026-06-21
   days on market $65,000 Active 10 DOM
2. 2026-06-18
   days on market $65,000 Active 7 DOM
3. 2026-06-17
   days on market $65,000 Active 6 DOM
4. 2026-06-16
   days on market $65,000 Active 5 DOM
5. 2026-06-15
   days on market $65,000 Active 4 DOM
6. 2026-06-13
   days on market $65,000 Active 2 DOM
7. 2026-06-13
   remarks 699-char remark
8. 2026-06-13
   listed $65,000 Active 1 DOM

ⓘ 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: $1,018 · $85/mo
• Projected year-2 tax: $1,018 · $85/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 4/10 Moderate
• 🌡 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: $13,885
• − Mortgage interest: −$3,641
• − Property taxes: −$1,018
• − Insurance: −$325
• − Repairs & maintenance: −$1,111
• − Management: −$1,111
• − HOA: −$6,000
• − Depreciation: −$1,891
• Taxable loss: −$1,212
• Est. tax savings @ 24.0%: +$291
• After-tax cash flow: $-174/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): 42,298
• Household income: $61,821
• Rent vs Own: 52.1% rent · 47.9% own
• Severe rent burden: 3324.0

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 0.67)
• Race & ethnicity: White 51% Black 22% Hispanic / Latino 16% Two or more races 11% Asian 7%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 4%
• Common ancestry: Italian 2% Lithuanian 2% American 2%
• Foreign-born: 16% · Canada, Vietnam, Philippines
• Languages at home: 78% English-only · Spanish 11% Other Indo-European 3% Arabic 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: ▼ -221.05%
• Current HPI: 296.9579
• Rent YoY: ▼ -0.21%
• 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

+103.8% since first listed

2 events — show timeline

• 2026-06-11 Listed $65,000 realMLS
• 1982-02-01 Sold (Public Records) $31,900 Public Records

Property tax history

+8.3%/yr

Latest (2025): $1,018 · -7.1% YoY. Source: county tax records.