1623 West Rd · Jacksonville, FL 32216

$122,000

3 bd · 2.0 ba · 1,599 sqft · SingleFamily public records · 7 Days on market

Built 1974 0.45 ac lot ↓ 13% since listing

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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 +28.9/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come see this lovely Single-Family Home, in great private location on a secluded dead-end street with large lot. Convenient to Downtown, the Beaches and St. Johns Town Center. Home features 3 bedrooms and 2 full bathrooms. Home was remodeled in 2019. Laminate and tile throughout main living areas. Right off the kitchen is a Florida room with fireplace. The back yard is fenced with a covered patio and shed.

Key facts

• 0.45 acre lot
• Built 1974
• Listed 7 days

Tags

• KITCHEN OPENS TO LIVING ROOM
• LIVING ROOM WITH FIREPLACE

Property features AI

Finance

• Other: Lot size approximately 0.45 acres
• HOA & community: Not a senior community

Exterior

• Parking: Other parking
• Utilities: Electricity available
• Home design: Single-family residence; One level
• Exterior features: Private pool: none

Interior

• Kitchen: Electric oven
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; No central cooling
• Interior features: Electric oven

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $122k.

Deal economics

• At list price, monthly cash flow is $414 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $122k).
• Cap rate 10.4% 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.
• Market conditions: Rents soft (-0.2%/yr); 219 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).
• This rent runs 36% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $843 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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 19y 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.

Risks & watch-outs

• Watch-outs: property tax is 3.7% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $122,000

Questions for the listing agent

1. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.54% ✓
• Cap rate: 10.37%
• Cash-on-cash: 14.55%
• DSCR: 1.65
• GRM: 5.4

CMA / ARV

• ARV (on-the-fly): $315,003
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1623 West Rd	0.00mi	3/2.0	1,599 (0%)	0mo	$138,000	$86	100
1226 Halifax Rd	0.36mi	3/1.5	1,642 (+3%)	2mo	$275,000	$167	75
1654 East Rd	0.09mi	4/2.0 (+1)	1,760 (+10%)	1mo	$395,000	$224	73
6744 Nightingale Rd S	0.30mi	3/2.0	1,745 (+9%)	4mo	$495,000	$284	68
6731 Sans Souci Rd	0.55mi	3/2.0	1,664 (+4%)	2mo	$325,000	$195	66
1253 Ovington Rd S	0.32mi	3/2.0	1,781 (+11%)	1mo	$350,000	$197	65
1247 Ibis Rd	0.32mi	4/2.0 (+1)	1,485 (-7%)	4mo	$275,000	$185	65
1123 Ovington Rd S	0.46mi	4/1.5 (+1)	1,450 (-9%)	0mo	$210,000	$145	56
926 Nightingale Rd	0.62mi	3/1.0	1,437 (-10%)	1mo	$285,000	$198	49
1543 Ryar Rd	0.56mi	4/2.0 (+1)	1,760 (+10%)	4mo	$342,500	$195	49
1995 E Burkholder Cir	0.62mi	3/2.0	1,360 (-15%)	1mo	$289,000	$213	45
6203 Valens Dr N	0.71mi	3/2.0	1,396 (-13%)	5mo	$342,500	$245	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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 1.0%
• Equity multiple: 1.04×
• Total profit: $1,264
• Equity at exit: $18,191

10-year hold

• IRR: 6.7%
• Equity multiple: 1.42×
• Total profit: $14,454
• Equity at exit: $10,548

Cash invested: $34,160 (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: 219
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,880 high
• Mortgage (P&I): −$640
• Tax from tax record: −$380 /mo · $4,566/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $414

Break-even live

Break-even rent $1,356

Max offer price $122,000

Occupancy floor 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: $30,500
• Closing costs: $3,660
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7505 Beach Blvd Jacksonville, FL	3.0	1.0–2.0	900	$1,650	$1.83	23d	20	0.39mi
1933 Dean Rd Jacksonville, FL	4.0	2.5	1539	$1,776	$1.15	23d	1	0.49mi
7104 Waikiki Rd Jacksonville, FL	4.0	1.5	1497	$1,695	$1.13	7d	1	0.76mi
538 Aiken Rd Jacksonville, FL	3.0	1.5	1600	$1,900	$1.19	23d	1	0.93mi
2146 Antilles Ct Jacksonville, FL	4.0	2.0	1848	$2,250	$1.22	23d	1	0.96mi
2525 Dean Rd Jacksonville, FL	3.0	1.0	1424	$1,850	$1.30	23d	1	0.99mi
8343 Hogan Rd Jacksonville, FL	1.0–3.0	1.0–2.0	1043	$1,574	$1.51	2d	17	1.00mi
6650 Corporate Center Pkwy Jacksonville, FL	1.0–3.0	1.0–2.0	990	$3,308	$3.34	1d	12	1.01mi
2440 San Sago Ln Jacksonville, FL	3.0	2.0	1500	$1,945	$1.30	23d	1	1.02mi
8601 Beach Blvd Jacksonville, FL	2.0–3.0	2.0	1234	$1,700	$1.38	1d	3	1.02mi
406 Nightingale Rd Jacksonville, FL	4.0	2.5	1922	$1,995	$1.04	7d	1	1.07mi
7811 Aquarius Cir S Jacksonville, FL	3.0	2.0	1298	$1,760	$1.36	23d	1	1.11mi
3000 Coronet Ln Jacksonville, FL	1.0–3.0	1.0–2.0	1017	$1,709	$1.68	23d	5	1.11mi
2441 University Blvd S Jacksonville, FL	3.0	2.0	1558	$2,100	$1.35	21d	1	1.12mi
8846 Cavender Dr Jacksonville, FL	3.0	2.0	1176	$1,475	$1.25	14d	1	1.27mi
8846 Cavender Dr Jacksonville, FL	3.0	2.0	1176	$1,475	$1.25	21d	1	1.27mi
8232 Rigel Rd Jacksonville, FL	3.0	2.5	1372	$1,610	$1.17	14d	1	1.28mi
8236 Rigel Rd Jacksonville, FL	3.0	2.5	1358	$1,585	$1.17	23d	1	1.29mi
246 Aralia Ln Jacksonville, FL	3.0	2.5	1502	$1,900	$1.26	23d	1	1.29mi
2640 Elisa Dr W Jacksonville, FL	3.0	2.0	1946	$1,680	$0.86	19d	1	1.30mi
8252 Rigel Rd Jacksonville, FL	3.0	2.5	1358	$1,625	$1.20	23d	1	1.31mi
237 Aralia Ln Jacksonville, FL	3.0	2.5	1502	$1,875	$1.25	23d	1	1.33mi
421 Aralia Ln Jacksonville, FL	3.0	2.5	1492	$1,681	$1.13	21d	1	1.34mi
551 Eiseman Way Jacksonville, FL	3.0	2.5	1358	$1,620	$1.19	23d	1	1.34mi
8290 Rigel Rd Jacksonville, FL	3.0	2.5	1358	$1,595	$1.17	23d	1	1.36mi
8778 Buzz Ct Jacksonville, FL	3.0	2.0	1212	$1,800	$1.49	23d	1	1.40mi
5410 Manfields Pl Jacksonville, FL	2.0	2.0	1802	$1,900	$1.05	16d	1	1.46mi
540 Narnia Ct Jacksonville, FL	4.0	2.5	1549	$2,149	$1.39	14d	1	1.46mi
540 Narnia Ct Jacksonville, FL	4.0	2.5	1549	$2,149	$1.39	23d	1	1.46mi
567 Narnia Ct Jacksonville, FL	4.0	2.5	1549	$2,149	$1.39	23d	1	1.47mi
574 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	23d	1	1.48mi
574 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.48mi
520 Narnia Ct Jacksonville, FL	4.0	2.5	1549	$2,149	$1.39	14d	1	1.48mi
520 Narnia Ct Jacksonville, FL	4.0	2.5	1549	$2,149	$1.39	23d	1	1.48mi
566 Kit St Jacksonville, FL	4.0	2.5	1549	$2,149	$1.39	7d	1	1.49mi
514 Narnia Ct Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	23d	1	1.49mi
514 Narnia Ct Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.49mi
558 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	21d	1	1.49mi
558 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.49mi

Listing history 23 events

1. 2026-05-11
   status Pending
2. 2026-05-04
   listed $122,000 Active
3. 2025-05-19
   historical
4. 2025-05-08
   listed $5,000 New
5. 2022-08-22
   historical 413-char remark

   Show marketing remark (413 chars)

   Come see this lovely Single-Family Home, in great private location on a secluded dead-end street with large lot. Convenient to Downtown, the Beaches and St. Johns Town Center. Home features 3 bedrooms and 2 full bathrooms. Home was remodeled in 2019. Laminate and tile throughout main living areas. Right off the kitchen is a Florida room with fireplace. The back yard is fenced with a covered patio and shed.

6. 2022-07-12
   price $289,500 413-char remark

   Show marketing remark (413 chars)

   Come see this lovely Single-Family Home, in great private location on a secluded dead-end street with large lot. Convenient to Downtown, the Beaches and St. Johns Town Center. Home features 3 bedrooms and 2 full bathrooms. Home was remodeled in 2019. Laminate and tile throughout main living areas. Right off the kitchen is a Florida room with fireplace. The back yard is fenced with a covered patio and shed.

7. 2022-06-25
   price $299,900 413-char remark

   Show marketing remark (413 chars)

   Come see this lovely Single-Family Home, in great private location on a secluded dead-end street with large lot. Convenient to Downtown, the Beaches and St. Johns Town Center. Home features 3 bedrooms and 2 full bathrooms. Home was remodeled in 2019. Laminate and tile throughout main living areas. Right off the kitchen is a Florida room with fireplace. The back yard is fenced with a covered patio and shed.

8. 2022-06-24
   status Active 413-char remark

   Show marketing remark (413 chars)

   Come see this lovely Single-Family Home, in great private location on a secluded dead-end street with large lot. Convenient to Downtown, the Beaches and St. Johns Town Center. Home features 3 bedrooms and 2 full bathrooms. Home was remodeled in 2019. Laminate and tile throughout main living areas. Right off the kitchen is a Florida room with fireplace. The back yard is fenced with a covered patio and shed.

9. 2022-06-07
   status Pending 413-char remark

   Show marketing remark (413 chars)

   Come see this lovely Single-Family Home, in great private location on a secluded dead-end street with large lot. Convenient to Downtown, the Beaches and St. Johns Town Center. Home features 3 bedrooms and 2 full bathrooms. Home was remodeled in 2019. Laminate and tile throughout main living areas. Right off the kitchen is a Florida room with fireplace. The back yard is fenced with a covered patio and shed.

10. 2022-06-01
    listed $310,000 Active 413-char remark

    Show marketing remark (413 chars)

    Come see this lovely Single-Family Home, in great private location on a secluded dead-end street with large lot. Convenient to Downtown, the Beaches and St. Johns Town Center. Home features 3 bedrooms and 2 full bathrooms. Home was remodeled in 2019. Laminate and tile throughout main living areas. Right off the kitchen is a Florida room with fireplace. The back yard is fenced with a covered patio and shed.

11. 2019-07-02
    soldstatus $179,900
12. 2019-06-24
    soldstatus $179,900 Sold
13. 2019-05-26
    status Pending
14. 2019-05-16
    historical Active - Contingent
15. 2019-05-13
    listed $179,900 Active
16. 2007-09-14
    historical
17. 2007-05-10
    listed $179,900
18. 2007-05-09
    historical
19. 2007-03-14
    historical
20. 2007-01-15
    listed $320,000
21. 2007-01-15
    listed $209,000
22. 2006-05-08
    soldstatus $133,200
23. 2001-09-05
    soldstatus $140,000

ⓘ 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: $4,566 · $380/mo
• Projected year-2 tax: $4,566 · $380/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 6 d/yr ≥107°F today · 16 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: $22,560
• − Mortgage interest: −$6,834
• − Property taxes: −$4,566
• − Insurance: −$610
• − Repairs & maintenance: −$1,805
• − Management: −$1,805
• − Depreciation: −$3,549
• Taxable income: $3,392
• Est. tax owed @ 24.0%: −$814
• After-tax cash flow: $4,155/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

-12.9% since first listed

23 events — show timeline

• 2026-05-11 Pending — realMLS
• 2026-05-04 Listed $122,000 realMLS
• 2025-05-19 Listing Removed — GAMLS
• 2025-05-08 Listed $5,000 GAMLS
• 2022-08-22 Listing Removed — realMLS
• 2022-07-12 Price Changed $289,500 realMLS
• 2022-06-25 Price Changed $299,900 realMLS
• 2022-06-24 Relisted — realMLS
• 2022-06-07 Pending — realMLS
• 2022-06-01 Listed $310,000 realMLS
• 2019-07-02 Sold (Public Records) $179,900 Public Records
• 2019-06-24 Sold (MLS) $179,900 realMLS
• 2019-05-26 Pending — realMLS
• 2019-05-16 Contingent — realMLS
• 2019-05-13 Listed $179,900 realMLS
• 2007-09-14 Listing Removed — realMLS
• 2007-05-10 Listed $179,900 realMLS
• 2007-05-09 Listing Removed — realMLS
• 2007-03-14 Listing Removed — realMLS
• 2007-01-15 Listed $209,000 realMLS
• 2007-01-15 Listed $320,000 realMLS
• 2006-05-08 Sold (Public Records) $133,200 Public Records
• 2001-09-05 Sold (Public Records) $140,000 Public Records

Property tax history

+8.3%/yr

Latest (2025): $4,566 · +9.8% YoY. Source: county tax records.