1123 Ovington Rd S · Jacksonville, FL 32216

$210,000

3 bd · 2.0 ba · 1,450 sqft · SingleFamily public records · 5 Days on market

Built 1954 10,018 sqft lot Est $299k · 30% 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 +17.3/30.0
• ARV discount +15.0/15.0
• DSCR +5.4/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• 1% rule +3.6/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Multiple offers received. Seller is requesting highest and best offers by 11:59 PM on 05/03/2026. Opportunity in a setting you don't see often. Situated on a spacious lot, this home offers a sense of openness that's hard to find in newer construction, and sits just across the street from properties on Pottsburg Creek, where you can enjoy the natural surroundings and a steady breeze off the water. Inside, the home provides a blank canvas for your vision. With the major structure in good shape, it's ready for updates and finishes to make it your own. Whether you're looking to renovate and create your ideal space or searching for your next investment, this property offers strong potential

Key facts

• 0.23 acre lot
• Built 1954
• Listed 5 days

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Off-street parking
• Utilities: Public sewer; Cable available; Electricity connected; Sewer connected; Water connected
• Home design: Single family residence; One story; Faces southwest
• Exterior features: City street frontage; Asphalt road surface; Lot approximately 0.23 acres

Interior

• Bedrooms: 4 bedrooms
• Flooring: Concrete flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Water softener (owned); Electric water heater
• Laundry & utility: In-unit laundry with washer hookup and electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $153 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $181k (13.9% below list).
• Recommended offer: $181k (13.9% below list) — sets the bar for 1% rule.
• Cap rate 7.2% 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: Holiday Hill Elementary School (math 57% / reading 53%, grade C, #872 of 2,144 statewide, top 42%, 489 students, 47% 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-school proficiency averages 33% at this address vs 46% district-wide (-13 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; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 35% 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 $1k of loan paydown is wiped out by about $6k 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 5 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $62k; list at $210k implies a 241% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — 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 $180,744 (13.9% below list)

Questions for the listing agent

1. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.86% ✗
• Cap rate: 7.17%
• Cash-on-cash: 3.12%
• DSCR: 1.14
• GRM: 9.7

CMA / ARV

• ARV (on-the-fly): $298,700
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1123 Ovington Rd S	0.00mi	4/1.5 (+1)	1,450 (0%)	0mo	$210,000	$145	93
926 Nightingale Rd	0.29mi	3/1.0	1,437 (-1%)	1mo	$285,000	$198	80
1247 Ibis Rd	0.25mi	4/2.0 (+1)	1,485 (+2%)	4mo	$275,000	$185	76
6633 Altama Rd	0.49mi	3/2.0	1,529 (+5%)	5mo	$316,000	$207	64
548 Laurina St	0.56mi	4/2.0 (+1)	1,456 (+0%)	6mo	$300,600	$206	63
1226 Halifax Rd	0.26mi	3/1.5	1,642 (+13%)	2mo	$275,000	$167	62
1623 West Rd	0.46mi	3/2.0	1,599 (+10%)	0mo	$138,000	$86	61
910 Nightingale Rd	0.31mi	3/1.0	1,264 (-13%)	2mo	$260,000	$206	58
6203 Valens Dr N	0.70mi	3/2.0	1,396 (-4%)	5mo	$342,500	$245	57
529 Sapelo Rd	0.59mi	4/2.0 (+1)	1,334 (-8%)	1mo	$292,000	$219	54
7038 Holiday Hill Ct	0.72mi	3/2.0	1,356 (-6%)	7mo	$375,000	$277	50
7110 Waikiki Rd	0.68mi	3/2.0	1,240 (-14%)	3mo	$270,000	$218	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: -14.5%
• Equity multiple: 0.50×
• Total profit: $-29,657
• Equity at exit: $31,312

10-year hold

• IRR: -10.9%
• Equity multiple: 0.42×
• Total profit: $-34,069
• Equity at exit: $18,157

Cash invested: $58,800 (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: 9.7×

Monthly cashflow live

• Estimated rent: $1,807 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$86 /mo · $1,032/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $153

Break-even live

Break-even rent $1,614

Max offer price $210,000

Occupancy floor 87%

Sensitivity live

Price	-10% $272	-5% $213	+0% $153	+5% $94	+10% $34
Rent	-10% $10	-5% $82	+0% $153	+5% $224	+10% $296
Rate	-1.0pp $259	-0.5pp $207	base $153	+0.5pp $99	+1.0pp $43

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
538 Aiken Rd Jacksonville, FL	3.0	1.5	1600	$1,900	$1.19	24d	1	0.59mi
7104 Waikiki Rd Jacksonville, FL	4.0	1.5	1497	$1,695	$1.13	8d	1	0.66mi
7346 El Barco Rd #8 Jacksonville, FL	2.0	2.0	992	$1,295	$1.31	24d	1	0.66mi
7346 El Barco Rd #8 Jacksonville, FL	2.0	2.0	992	$1,295	$1.31	15d	1	0.66mi
2441 University Blvd S Jacksonville, FL	3.0	2.0	1558	$2,100	$1.35	22d	1	0.68mi
1933 Dean Rd Jacksonville, FL	4.0	2.5	1539	$1,776	$1.15	24d	1	0.70mi
3000 Coronet Ln Jacksonville, FL	1.0–3.0	1.0–2.0	1017	$1,709	$1.68	24d	5	0.78mi
7505 Beach Blvd Jacksonville, FL	3.0	1.0–2.0	900	$1,650	$1.83	24d	20	0.81mi
2146 Antilles Ct Jacksonville, FL	4.0	2.0	1848	$2,250	$1.22	24d	1	0.99mi
7811 Aquarius Cir S Jacksonville, FL	3.0	2.0	1298	$1,760	$1.36	24d	1	1.05mi
246 Aralia Ln Jacksonville, FL	3.0	2.5	1502	$1,900	$1.26	24d	1	1.15mi
237 Aralia Ln Jacksonville, FL	3.0	2.5	1502	$1,875	$1.25	24d	1	1.19mi
1307 River Hills Cir E #16 Jacksonville, FL	3.0	3.0	1600	$1,670	$1.04	20d	1	1.20mi
6650 Corporate Center Pkwy Jacksonville, FL	1.0–3.0	1.0–2.0	990	$3,308	$3.34	2d	12	1.24mi
421 Aralia Ln Jacksonville, FL	3.0	2.5	1492	$1,681	$1.13	22d	1	1.26mi
1356 River Hills Cir E Jacksonville, FL	4.0	2.0	1800	$2,000	$1.11	24d	1	1.26mi
1620 Bartram Rd Jacksonville, FL	1.0–3.0	1.0–2.0	1259	$1,940	$1.54	4d	14	1.27mi
2525 Dean Rd Jacksonville, FL	3.0	1.0	1424	$1,850	$1.30	24d	1	1.28mi
5410 Manfields Pl Jacksonville, FL	2.0	2.0	1802	$1,900	$1.05	17d	1	1.28mi
8232 Rigel Rd Jacksonville, FL	3.0	2.5	1372	$1,610	$1.17	15d	1	1.30mi
8236 Rigel Rd Jacksonville, FL	3.0	2.5	1358	$1,585	$1.17	24d	1	1.31mi
8252 Rigel Rd Jacksonville, FL	3.0	2.5	1358	$1,625	$1.20	24d	1	1.33mi
5811 Atlantic Blvd Jacksonville, FL	1.0–2.0	1.0–1.5	888	$1,375	$1.55	5d	2	1.33mi
551 Eiseman Way Jacksonville, FL	3.0	2.5	1358	$1,620	$1.19	24d	1	1.34mi
8290 Rigel Rd Jacksonville, FL	3.0	2.5	1358	$1,595	$1.17	24d	1	1.38mi
8601 Beach Blvd Jacksonville, FL	2.0–3.0	2.0	1234	$1,700	$1.38	2d	3	1.38mi
2600 Art Museum Dr Jacksonville, FL	1.0–2.0	1.0	790	$1,371	$1.74	4d	14	1.43mi
2440 San Sago Ln Jacksonville, FL	3.0	2.0	1500	$1,945	$1.30	24d	1	1.44mi
8343 Hogan Rd Jacksonville, FL	1.0–3.0	1.0–2.0	1043	$1,574	$1.51	3d	17	1.45mi
5201 Atlantic Blvd Jacksonville, FL	1.0–3.0	1.0–2.0	1140	$1,860	$1.63	2d	3	1.50mi

Listing history 3 events

1. 2026-05-05
   status Pending
2. 2026-04-29
   listed $210,000 Active
3. 1997-08-12
   soldstatus $61,500

ⓘ 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: $1,032 · $86/mo
• Projected year-2 tax: $1,743 · $145/mo
• Expected delta: +$711/yr (+$59/mo · 68.8%)

ⓘ 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) · 53% 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 10/10 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: $21,689
• − Mortgage interest: −$11,763
• − Property taxes: −$1,032
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,735
• − Management: −$1,735
• − Depreciation: −$6,109
• Taxable loss: −$1,736
• Est. tax savings @ 24.0%: +$417
• After-tax cash flow: $2,254/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

+241.5% since first listed

3 events — show timeline

• 2026-05-05 Pending — realMLS
• 2026-04-29 Listed $210,000 realMLS
• 1997-08-12 Sold (Public Records) $61,500 Public Records

Property tax history

+2.6%/yr

Latest (2025): $1,032 · +24.0% YoY. Source: county tax records.