1540 El Prado Rd #3 · Jacksonville, FL 32216

$143,999

3 bd · 2.0 ba · 1,180 sqft · Condo public records · 381 Days on market

Built 1967 $500/mo HOA · 30% 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 +10.8/30.0
• ARV discount +7.5/15.0
• 1% rule +6.6/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• DSCR +3.1/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Time Limited Bidding beginning from 03/12/2015 to 03/19/2015, minimum starting bid $24,000!Don't miss this bank owned 3 bedroom, 2 bath condo located by the Creek! Sold as-is without repair or warranty. Listing Agent has no knowledge of property history, no disclosures or association docs supplied. Buyer/BA is responsible for verifying hoa info & fees, if any, community rules, sq.ft, room dimensions and taxes. At closing, it is subject to a web tech fee and may also be subject to a buyer's premium pursuant to the terms & conditions. Seller will not allow water to be activated or turned on for any reason.

Key facts

• Large windows
• Corner condo
• Marble countertops

Tags

• CORNER CONDO
• MODERN KITCHEN
• MARBLE COUNTERTOPS
• IN-UNIT WASHER AND DRYER
• BRAND-NEW ROOF
• LARGE WINDOWS

Property features AI

Finance

• HOA & community: Homeowners association with monthly fee; HOA fee: $500 monthly; HOA includes maintenance of grounds and trash; Community amenities: clubhouse, gated entry, laundry, water, pool

Exterior

• Parking: Assigned parking; Additional parking available
• Security: Gated community; Security gate
• Utilities: Public sewer; Water available; Electricity available; Cable available; Sewer connected
• Home design: Condominium; 2 total stories; Entry level: 2nd floor; Property attached
• Construction: Shingle roof
• Exterior features: Shared community pool; Balcony; Shingle roof

Interior

• Kitchen: Dishwasher; Disposal; Electric cooktop / electric range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Balcony; Security gate; In-unit laundry
• Laundry & utility: Washer and dryer in unit; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $144k.

Deal economics

• At list price, monthly cash flow is $-67 ($-800/yr) — negative.
• To cash-flow at today's rent, offer at most $132k (8.2% below list).
• Meets the 1% rule at list price ($2k rent vs $144k).
• Recommended offer: $127k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.7% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 32% 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 $995 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 381 days — a 12% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 11y 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.
• Current owner paid $34k; list at $144k implies a 327% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 30% 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 $126,719 (12.0% 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. It's been on market 381 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. 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.
11. 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.
12. 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: 1.16% ✓
• Cap rate: 5.74%
• Cash-on-cash: -1.99%
• DSCR: 0.91
• GRM: 7.2

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: -24.3%
• Equity multiple: 0.20×
• Total profit: $-32,209
• Equity at exit: $21,471

10-year hold

• IRR: -40.2%
• Equity multiple: -0.27×
• Total profit: $-51,345
• Equity at exit: $12,450

Cash invested: $40,320 (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: 7.2×

Monthly cashflow live

• Estimated rent: $1,669 high
• Mortgage (P&I): −$755
• Tax from tax record: −$70 /mo · $842/yr
• Insurance: −$60
• HOA: −$500
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $-67

Break-even live

Break-even rent $1,754

Max offer price $132,215

Occupancy floor 99%

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: $36,000
• Closing costs: $4,320
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7346 El Barco Rd #8 Jacksonville, FL	2.0	2.0	992	$1,295	$1.31	14d	1	0.05mi
7346 El Barco Rd #8 Jacksonville, FL	2.0	2.0	992	$1,295	$1.31	23d	1	0.05mi
7505 Beach Blvd Jacksonville, FL	3.0	1.0–2.0	900	$1,650	$1.83	23d	20	0.19mi
7104 Waikiki Rd Jacksonville, FL	4.0	1.5	1497	$1,695	$1.13	7d	1	0.66mi
6650 Corporate Center Pkwy Jacksonville, FL	1.0–3.0	1.0–2.0	990	$3,308	$3.34	1d	12	0.71mi
8601 Beach Blvd Jacksonville, FL	2.0–3.0	2.0	1234	$1,700	$1.38	1d	3	0.73mi
8343 Hogan Rd Jacksonville, FL	1.0–3.0	1.0–2.0	1043	$1,574	$1.51	2d	17	0.84mi
7811 Aquarius Cir S Jacksonville, FL	3.0	2.0	1298	$1,760	$1.36	23d	1	0.93mi
1515 Pullen Rd Unit 4 Jacksonville, FL	2.0	1.0	800	$1,100	$1.38	23d	1	0.96mi
8846 Cavender Dr Jacksonville, FL	3.0	2.0	1176	$1,475	$1.25	14d	1	0.96mi
8846 Cavender Dr Jacksonville, FL	3.0	2.0	1176	$1,475	$1.25	21d	1	0.96mi
8232 Rigel Rd Jacksonville, FL	3.0	2.5	1372	$1,610	$1.17	14d	1	1.05mi
8236 Rigel Rd Jacksonville, FL	3.0	2.5	1358	$1,585	$1.17	23d	1	1.06mi
2440 San Sago Ln Jacksonville, FL	3.0	2.0	1500	$1,945	$1.30	23d	1	1.07mi
8252 Rigel Rd Jacksonville, FL	3.0	2.5	1358	$1,625	$1.20	23d	1	1.08mi
8778 Buzz Ct Jacksonville, FL	3.0	2.0	1212	$1,800	$1.49	23d	1	1.11mi
551 Eiseman Way Jacksonville, FL	3.0	2.5	1358	$1,620	$1.19	23d	1	1.12mi
8290 Rigel Rd Jacksonville, FL	3.0	2.5	1358	$1,595	$1.17	23d	1	1.13mi
421 Aralia Ln Jacksonville, FL	3.0	2.5	1492	$1,681	$1.13	21d	1	1.16mi
2525 Dean Rd Jacksonville, FL	3.0	1.0	1424	$1,850	$1.30	23d	1	1.19mi
574 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.20mi
574 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	23d	1	1.20mi
558 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	21d	1	1.22mi
558 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.22mi
514 Narnia Ct Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.22mi
514 Narnia Ct Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	23d	1	1.22mi
3013 Newell Blvd Jacksonville, FL	4.0	1.5	1350	$1,795	$1.33	23d	1	1.23mi
513 Narnia Ct Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	4d	1	1.25mi
545 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	23d	1	1.25mi
514 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.26mi
514 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	23d	1	1.26mi
535 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	23d	1	1.26mi
535 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.26mi
471 Matilda Ln Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.31mi
471 Matilda Ln Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	17d	1	1.31mi
2613 Sandusky Ave E Jacksonville, FL	3.0	2.0	1116	$1,800	$1.61	7d	1	1.31mi
451 Matilda Ln Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.33mi
451 Matilda Ln Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	7d	1	1.33mi
487 Terabithia Way Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	21d	1	1.33mi
487 Terabithia Way Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.33mi

HOA detail condo

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

Listing history 20 events

1. 2026-06-18
   days on market $143,999 Active 381 DOM
2. 2026-06-17
   days on market $143,999 Active 380 DOM
3. 2026-06-16
   days on market $143,999 Active 379 DOM
4. 2026-06-15
   days on market $143,999 Active 378 DOM
5. 2026-06-10
   days on market $143,999 Active 372 DOM
6. 2026-06-08
   days on market $143,999 Active 371 DOM
7. 2026-06-08
   days on market $143,999 Active 370 DOM
8. 2026-06-03
   days on market $143,999 Active 366 DOM
9. 2026-06-02
   days on market $143,999 Active 365 DOM
10. 2026-06-01
    days on market $143,999 Active 364 DOM
11. 2026-05-31
    days on market $143,999 Active 363 DOM
12. 2025-10-24
    price $143,999
13. 2025-10-01
    price $144,999
14. 2025-07-10
    status Active
15. 2025-07-01
    status Pending
16. 2025-05-23
    listed $149,999 Active
17. 2015-04-20
    soldstatus $33,739 Sold 620-char remark

    Show marketing remark (620 chars)

    Time Limited Bidding beginning from 03/12/2015 to 03/19/2015, minimum starting bid $24,000!Don't miss this bank owned 3 bedroom, 2 bath condo located by the Creek! Sold as-is without repair or warranty. Listing Agent has no knowledge of property history, no disclosures or association docs supplied. Buyer/BA is responsible for verifying hoa info & fees, if any, community rules, sq.ft, room dimensions and taxes. At closing, it is subject to a web tech fee and may also be subject to a buyer's premium pursuant to the terms & conditions. Seller will not allow water to be activated or turned on for any reason.

18. 2015-04-07
    status Pending 620-char remark

    Show marketing remark (620 chars)

    Time Limited Bidding beginning from 03/12/2015 to 03/19/2015, minimum starting bid $24,000!Don't miss this bank owned 3 bedroom, 2 bath condo located by the Creek! Sold as-is without repair or warranty. Listing Agent has no knowledge of property history, no disclosures or association docs supplied. Buyer/BA is responsible for verifying hoa info & fees, if any, community rules, sq.ft, room dimensions and taxes. At closing, it is subject to a web tech fee and may also be subject to a buyer's premium pursuant to the terms & conditions. Seller will not allow water to be activated or turned on for any reason.

19. 2015-03-12
    listed $34,980 Active 620-char remark

    Show marketing remark (620 chars)

    Time Limited Bidding beginning from 03/12/2015 to 03/19/2015, minimum starting bid $24,000!Don't miss this bank owned 3 bedroom, 2 bath condo located by the Creek! Sold as-is without repair or warranty. Listing Agent has no knowledge of property history, no disclosures or association docs supplied. Buyer/BA is responsible for verifying hoa info & fees, if any, community rules, sq.ft, room dimensions and taxes. At closing, it is subject to a web tech fee and may also be subject to a buyer's premium pursuant to the terms & conditions. Seller will not allow water to be activated or turned on for any reason.

20. 2001-04-24
    soldstatus $43,000

ⓘ 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: $842 · $70/mo
• Projected year-2 tax: $1,195 · $100/mo
• Expected delta: +$353/yr (+$29/mo · 41.9%)

ⓘ 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: $20,030
• − Mortgage interest: −$8,066
• − Property taxes: −$842
• − Insurance: −$720
• − Repairs & maintenance: −$1,602
• − Management: −$1,602
• − HOA: −$6,000
• − Depreciation: −$4,189
• Taxable loss: −$2,992
• Est. tax savings @ 24.0%: +$718
• After-tax cash flow: $-82/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

+234.9% since first listed

9 events — show timeline

• 2025-10-24 Price Changed $143,999 realMLS
• 2025-10-01 Price Changed $144,999 realMLS
• 2025-07-10 Relisted — realMLS
• 2025-07-01 Pending — realMLS
• 2025-05-23 Listed $149,999 realMLS
• 2015-04-20 Sold (MLS) $33,739 realMLS
• 2015-04-07 Pending — realMLS
• 2015-03-12 Listed $34,980 realMLS
• 2001-04-24 Sold (Public Records) $43,000 Public Records

Property tax history

+3.2%/yr

Latest (2025): $842 · +3.8% YoY. Source: county tax records.