7641 New Kings Rd · Jacksonville, FL 32219

$155,000

3 bd · 1.0 ba · 1,708 sqft · SingleFamily public records · 81 Days on market

Built 1952 Est $280k · 45% under

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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 +23.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.5/10.0
• 1% rule +6.0/10.0
• 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

Amazing opportunity in growing commercial/ residential area. PRIME LOCATION! Property is located near a very busy right of way at the intersection of Soutel and New kings Rd. Uses of this property is limitless. Quaint and full of charm. This 3 bedroom 1 bath home is more than what meets the eye. Original hardwood floors,Ceramic tile, stainless steel appliances in kitchen,Bar/game room, separate brick workshop in rear of mainhouse. Lots of storage space.Split floor plan with large Master bedroom.Sits on 1/4 acre Zoned CCG-2. BRAND NEW ROOF!!!!

Key facts

• 3 parking spots
• Built 1952
• Listed 81 days

Property features AI

Exterior

• Parking: Covered carport (3 spaces)
• Security: Smoke detector(s)
• Utilities: 220V in garage; Septic tank; Cable available; Electricity available; Water available
• Home design: Single family residence; One-story; Faces west; Used as residential single-family
• Construction: Brick construction
• Exterior features: Covered, screened porch; Covered patio; Chain link fencing; Shingle roof

Interior

• Kitchen: Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Tile; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (Electric, Heat Pump); Central air conditioning
• Interior features: Eat-in kitchen; Smoke detectors
• Laundry & utility: Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $287 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $146k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.5% 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); 546 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 $1k of loan paydown is wiped out by about $5k 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 81 days — a 6% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 8y ago; this cycle's ask has dropped $20k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $17k; list at $155k implies a 812% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — 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 $145,700 (6.0% below list)

Questions for the listing agent

1. It's been on market 81 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — 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: 1.10% ✓
• Cap rate: 8.51%
• Cash-on-cash: 7.92%
• DSCR: 1.35
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $280,112
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5985 Dunmire Ave	0.31mi	4/2.5 (+1)	1,665 (-2%)	6mo	$268,017	$161	65
7836 Smart Ave	0.40mi	3/2.0	1,813 (+6%)	7mo	$285,000	$157	61
7500 Queensgate Cir	0.43mi	4/2.0 (+1)	1,607 (-6%)	4mo	$299,990	$187	58
7924 Longspur Ave	0.57mi	3/1.0	1,582 (-7%)	5mo	$58,000	$37	57
7038 Bishop Hatcher Dr W	0.66mi	3/2.0	1,696 (-1%)	8mo	$239,900	$141	57
7476 Queensgate Cir	0.44mi	4/2.0 (+1)	1,600 (-6%)	5mo	$280,000	$175	55
7496 Queensgate Cir	0.43mi	4/2.0 (+1)	1,607 (-6%)	7mo	$290,990	$181	55
7581 Dove Rd	0.62mi	4/2.0 (+1)	1,760 (+3%)	2mo	$287,500	$163	55
5226 Dostie Dr	0.52mi	3/2.5	1,804 (+6%)	7mo	$267,500	$148	54
7471 Queensgate Cir	0.48mi	4/2.0 (+1)	1,607 (-6%)	8mo	$292,990	$182	52
7388 Simms Dr	0.47mi	4/2.0 (+1)	1,525 (-11%)	5mo	$250,000	$164	47
7442 Richardson Rd	0.71mi	4/2.0 (+1)	1,525 (-11%)	5mo	$290,000	$190	36

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: -7.6%
• Equity multiple: 0.73×
• Total profit: $-11,840
• Equity at exit: $23,111

10-year hold

• IRR: -2.4%
• Equity multiple: 0.86×
• Total profit: $-6,026
• Equity at exit: $13,402

Cash invested: $43,400 (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 32219

• Home prices YoY: -22.3%
• Rents YoY: -0.2%
• Active inventory: 546
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,703 high
• Mortgage (P&I): −$813
• Tax from tax record: −$182 /mo · $2,179/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $287

Break-even live

Break-even rent $1,340

Max offer price $155,000

Occupancy floor 78%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8036 Mattox Ave Jacksonville, FL	4.0	2.0	1160	$1,480	$1.28	16d	1	0.46mi
8119 Siskin Ave Jacksonville, FL	2.0	2.0	1102	$1,650	$1.50	17d	1	0.54mi
8119 Siskin Ave Jacksonville, FL	2.0	2.0	1102	$1,650	$1.50	23d	1	0.54mi
8367 Tubman Ct Jacksonville, FL	4.0	1.5	1398	$1,790	$1.28	17d	1	0.71mi
4895 Churchill Dr Jacksonville, FL	3.0	2.0	1303	$1,900	$1.46	23d	1	0.85mi
8645 Samona Dr W Jacksonville, FL	4.0	1.0	1196	$1,250	$1.05	23d	1	0.86mi
7860 Rondo Ave Jacksonville, FL	3.0	2.0	1064	$1,410	$1.33	7d	1	0.87mi
4910 Rhode Island Dr N Jacksonville, FL	3.0	2.0	1300	$1,696	$1.30	23d	1	0.88mi
6705 Gaspar Cir E Jacksonville, FL	3.0	1.5	1116	$1,254	$1.12	17d	1	0.89mi
6718 Gaspar Cir W Jacksonville, FL	3.0	2.0	1068	$1,305	$1.22	23d	1	0.90mi
6609 Miriam St Jacksonville, FL	3.0	2.0	1200	$1,425	$1.19	7d	1	1.02mi
9340 Sibbald Rd Jacksonville, FL	4.0	2.0	1228	$1,606	$1.31	4d	1	1.05mi
6623 Kinlock Dr W Jacksonville, FL	3.0	2.5	2081	$1,610	$0.77	4d	1	1.09mi
6731 W Virginia Ct Jacksonville, FL	3.0	1.0	1188	$1,225	$1.03	21d	1	1.11mi
8534 Addison Rd Jacksonville, FL	4.0	2.0	1410	$1,995	$1.41	23d	1	1.15mi
8509 Addison Rd Jacksonville, FL	4.0	2.0	1494	$1,675	$1.12	23d	1	1.19mi
9504 Evesham Rd Jacksonville, FL	4.0	2.0	1966	$1,645	$0.84	23d	1	1.26mi
4737 Portsmouth Ave Jacksonville, FL	4.0	2.0	1396	$1,148	$0.82	23d	1	1.27mi
6412 New Kings Rd Unit 1 Jacksonville, FL	2.0	2.0	1200	$1,200	$1.00	17d	1	1.28mi
6412 New Kings Rd Unit 2 Jacksonville, FL	3.0	2.0	1300	$1,400	$1.08	17d	1	1.28mi
4643 Williamsburg Ave Jacksonville, FL	3.0	2.0	1209	$1,496	$1.24	3d	1	1.30mi
8516 Bermuda Rd Jacksonville, FL	3.0	2.0	1492	$1,625	$1.09	20d	1	1.40mi
4662 Roanoke Blvd Jacksonville, FL	3.0	2.0	1104	$1,195	$1.08	14d	1	1.48mi
6188 Pettiford Dr W Jacksonville, FL	3.0	2.0	1499	$1,850	$1.23	12d	1	1.49mi

Listing history 14 events

1. 2026-05-22
   status Active
2. 2026-03-29
   status Pending
3. 2026-03-24
   price $155,000
4. 2026-03-19
   status Active
5. 2026-03-12
   status Pending
6. 2026-03-10
   price $165,000
7. 2026-03-10
   status Active
8. 2026-01-19
   historical
9. 2025-11-18
   listed $175,000 Active
10. 2019-02-02
    historical 548-char remark

    Show marketing remark (548 chars)

    Amazing opportunity in growing commercial/ residential area. PRIME LOCATION! Property is located near a very busy right of way at the intersection of Soutel and New kings Rd. Uses of this property is limitless. Quaint and full of charm. This 3 bedroom 1 bath home is more than what meets the eye. Original hardwood floors,Ceramic tile, stainless steel appliances in kitchen,Bar/game room, separate brick workshop in rear of mainhouse. Lots of storage space.Split floor plan with large Master bedroom.Sits on 1/4 acre Zoned CCG-2. BRAND NEW ROOF!!!!

11. 2018-11-08
    price $124,900 548-char remark

    Show marketing remark (548 chars)

    Amazing opportunity in growing commercial/ residential area. PRIME LOCATION! Property is located near a very busy right of way at the intersection of Soutel and New kings Rd. Uses of this property is limitless. Quaint and full of charm. This 3 bedroom 1 bath home is more than what meets the eye. Original hardwood floors,Ceramic tile, stainless steel appliances in kitchen,Bar/game room, separate brick workshop in rear of mainhouse. Lots of storage space.Split floor plan with large Master bedroom.Sits on 1/4 acre Zoned CCG-2. BRAND NEW ROOF!!!!

12. 2018-10-09
    price $145,000 548-char remark

    Show marketing remark (548 chars)

    Amazing opportunity in growing commercial/ residential area. PRIME LOCATION! Property is located near a very busy right of way at the intersection of Soutel and New kings Rd. Uses of this property is limitless. Quaint and full of charm. This 3 bedroom 1 bath home is more than what meets the eye. Original hardwood floors,Ceramic tile, stainless steel appliances in kitchen,Bar/game room, separate brick workshop in rear of mainhouse. Lots of storage space.Split floor plan with large Master bedroom.Sits on 1/4 acre Zoned CCG-2. BRAND NEW ROOF!!!!

13. 2018-08-03
    listed $150,000 Active 548-char remark

    Show marketing remark (548 chars)

    Amazing opportunity in growing commercial/ residential area. PRIME LOCATION! Property is located near a very busy right of way at the intersection of Soutel and New kings Rd. Uses of this property is limitless. Quaint and full of charm. This 3 bedroom 1 bath home is more than what meets the eye. Original hardwood floors,Ceramic tile, stainless steel appliances in kitchen,Bar/game room, separate brick workshop in rear of mainhouse. Lots of storage space.Split floor plan with large Master bedroom.Sits on 1/4 acre Zoned CCG-2. BRAND NEW ROOF!!!!

14. 1973-05-25
    soldstatus $17,000

ⓘ 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: $2,179 · $182/mo
• Projected year-2 tax: $2,179 · $182/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 ≥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: $20,439
• − Mortgage interest: −$8,682
• − Property taxes: −$2,179
• − Insurance: −$775
• − Repairs & maintenance: −$1,635
• − Management: −$1,635
• − Depreciation: −$4,509
• Taxable income: $1,023
• Est. tax owed @ 24.0%: −$246
• After-tax cash flow: $3,193/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): 14,302
• Household income: $72,184
• Rent vs Own: 17.2% rent · 82.8% own
• Severe rent burden: 173.0

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: Majority Black (55%)
• Race & ethnicity: Black 55% White 39% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Italian 2% Romanian 1% Hispanic 1%
• Foreign-born: 4% · Canada, Jamaica
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 0%

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: ▼ -75.90%
• Current HPI: 263.8901
• Rent YoY: ▼ -0.25%
• 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

+811.8% since first listed

14 events — show timeline

• 2026-05-22 Relisted — realMLS
• 2026-03-29 Pending — realMLS
• 2026-03-24 Price Changed $155,000 realMLS
• 2026-03-19 Relisted — realMLS
• 2026-03-12 Pending — realMLS
• 2026-03-10 Price Changed $165,000 realMLS
• 2026-03-10 Relisted — realMLS
• 2026-01-19 Listing Removed — realMLS
• 2025-11-18 Listed $175,000 realMLS
• 2019-02-02 Listing Removed — realMLS
• 2018-11-08 Price Changed $124,900 realMLS
• 2018-10-09 Price Changed $145,000 realMLS
• 2018-08-03 Listed $150,000 realMLS
• 1973-05-25 Sold (Public Records) $17,000 Public Records

Property tax history

+10.8%/yr

Latest (2025): $2,179 · +284.0% YoY. Source: county tax records.