1232 Prince Rd · St. Augustine South, FL 32086

$324,999

4 bd · 3.0 ba · 1,500 sqft · SingleFamily public records · 41 Days on market

Built 1972 0.27 ac lot Est $394k · 18% under

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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).

• ARV discount +15.0/15.0
• Cash flow +12.6/30.0
• Schools +6.4/10.0
• DSCR +3.8/10.0
• 1% rule +2.8/10.0
• Rent growth +2.7/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

St Augustine South Seekers. This home offers a living room, spacious kitchen, great room with fireplace, den, office, four beds, 2.5 baths and is situated on 3 lots that are fully fenced. If you are looking for a home that has space and is in an area with no HOA this is it. Freshly painted, BRAND NEW metal roof, new carpet and move in ready!

Key facts

• Fenced yard
• Intracoastal access
• 2016 metal roof

Tags

• FENCED YARD
• 2016 METAL ROOF
• OVERSIZED LOT
• PUBLIC BOAT RAMPS
• INTRACOASTAL ACCESS
• NO HOA COMMUNITY

Property features AI

Finance

• HOA & community: Not a senior community

Exterior

• Parking: Garage (1 space)
• Utilities: Public sewer; Electricity available; Water available; Sewer available
• Home design: Single family residence; One level
• Exterior features: Fenced yard; Asphalt road access

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Fireplace (1)
• Laundry & utility: Washer hookup; Electric dryer hookup; Washer included

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $325k.

Deal economics

• At list price, monthly cash flow is $-41 ($-494/yr) — negative.
• To cash-flow at today's rent, offer at most $318k (2.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $254k (21.7% below list).
• Recommended offer: $254k (21.7% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.1% in St. Augustine South — 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: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• St. Johns (rural): math 75% / reading 73% proficiency, ranked #2 of 73 in FL (top 3%) — strong family-tenant draw, lease renewals of 3-5y typical; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: Rents flat; 400 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 5,575 units permitted in St. Johns County in 2024 (584 in 5+ unit buildings).
• This rent runs 40% of the median local income ($77k/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 $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• St. Johns County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($315k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y ago; this cycle's ask has dropped $25k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $198k; list at $325k implies a 65% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $254,378 (21.7% 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 41 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.78% ✗
• Cap rate: 6.14%
• Cash-on-cash: -0.54%
• DSCR: 0.98
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $394,500
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
848 Queen Rd	0.21mi	3/2.0 (-1)	1,504 (+0%)	2mo	$315,000	$209	80
1232 Prince Rd	0.00mi	4/2.5	1,668 (+11%)	1mo	$310,000	$186	79
315 Jasmine Rd	0.07mi	3/2.0 (-1)	1,650 (+10%)	2mo	$403,375	$244	70
421 Orchis Rd	0.31mi	3/2.0 (-1)	1,558 (+4%)	1mo	$475,000	$305	69
5267 Shore Dr	0.23mi	3/2.0 (-1)	1,604 (+7%)	4mo	$450,000	$281	66
357 Orchis Rd	0.16mi	3/2.0 (-1)	1,344 (-10%)	3mo	$340,000	$253	64
304 Segovia Rd	0.49mi	3/2.0 (-1)	1,458 (-3%)	3mo	$360,000	$247	61
100 Saturn Rd	0.56mi	3/2.0 (-1)	1,482 (-1%)	3mo	$436,500	$295	60
109 Azalea Rd	0.54mi	4/2.0	1,601 (+7%)	1mo	$540,000	$337	59
101 Linden Rd	0.63mi	4/2.0	1,601 (+7%)	1mo	$465,000	$290	55
521 Jeffrey Dr	0.73mi	3/2.0 (-1)	1,620 (+8%)	2mo	$385,500	$238	42
3297 Turtle Creek Rd	0.71mi	3/2.0 (-1)	1,708 (+14%)	2mo	$450,000	$263	33

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 · 0.85% rent growth · sell at horizon

5-year hold

• IRR: -19.4%
• Equity multiple: 0.33×
• Total profit: $-60,753
• Equity at exit: $48,458

10-year hold

• IRR: -17.0%
• Equity multiple: 0.15×
• Total profit: $-77,783
• Equity at exit: $28,100

Cash invested: $91,000 (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 32086

• Rents YoY: 0.8%
• Active inventory: 400
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $2,544 high
• Mortgage (P&I): −$1,704
• Tax from tax record: −$211 /mo · $2,532/yr
• Insurance: −$135
• HOA: −$0
• Vacancy / Maint / Mgmt: −$534
• Net cashflow: $-41

Break-even live

Break-even rent $2,596

Max offer price $317,731

Occupancy floor 97%

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: $81,250
• Closing costs: $9,750
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
604 Alicante Rd Saint Augustine, FL	3.0	2.0	1455	$2,200	$1.51	17d	1	0.33mi
101 Lobelia Rd Saint Augustine, FL	4.0	2.0	1778	$2,995	$1.68	23d	1	0.52mi
50 Soria Dr Saint Augustine, FL	4.0	2.5	1775	$2,695	$1.52	23d	1	0.58mi
66 Pamplona Dr Saint Augustine, FL	4.0	2.5	1775	$2,650	$1.49	23d	1	0.60mi
132 Palma Dr Saint Augustine, FL	3.0	2.5	1558	$2,145	$1.38	14d	1	0.61mi
28 Zaragoza Dr Saint Augustine, FL	3.0	2.5	1558	$2,145	$1.38	14d	1	0.66mi
93 Palma Dr Saint Augustine, FL	2.0–4.0	2.5	1506	$2,550	$1.69	2d	18	0.67mi
253 Cowry Rd Saint Augustine, FL	3.0	2.5	1375	$1,995	$1.45	23d	1	1.29mi
421 S Hidden Tree Dr Saint Augustine, FL	3.0	2.0	1344	$2,100	$1.56	23d	1	1.34mi
494 Romano St St. Augustine, FL	3.0	2.0	1289	$1,899	$1.47	2d	1	1.39mi
70 Ridge Lake Rd Saint Augustine, FL	3.0	2.5	1470	$2,025	$1.38	23d	1	1.46mi
106 Ridge Lake Rd Saint Augustine, FL	3.0	2.5	1505	$2,100	$1.40	23d	1	1.49mi

Listing history 16 events

1. 2026-05-12
   status Pending
2. 2026-04-24
   price $324,999
3. 2026-04-01
   listed $349,999 Active
4. 2017-08-31
   soldstatus $197,500
5. 2017-08-30
   soldstatus $197,500 Sold 343-char remark

   Show marketing remark (343 chars)

   St Augustine South Seekers. This home offers a living room, spacious kitchen, great room with fireplace, den, office, four beds, 2.5 baths and is situated on 3 lots that are fully fenced. If you are looking for a home that has space and is in an area with no HOA this is it. Freshly painted, BRAND NEW metal roof, new carpet and move in ready!

6. 2017-08-30
   soldstatus $197,500 343-char remark

   Show marketing remark (343 chars)

   St Augustine South Seekers. This home offers a living room, spacious kitchen, great room with fireplace, den, office, four beds, 2.5 baths and is situated on 3 lots that are fully fenced. If you are looking for a home that has space and is in an area with no HOA this is it. Freshly painted, BRAND NEW metal roof, new carpet and move in ready!

7. 2017-08-11
   status Pending 343-char remark

   Show marketing remark (343 chars)

   St Augustine South Seekers. This home offers a living room, spacious kitchen, great room with fireplace, den, office, four beds, 2.5 baths and is situated on 3 lots that are fully fenced. If you are looking for a home that has space and is in an area with no HOA this is it. Freshly painted, BRAND NEW metal roof, new carpet and move in ready!

8. 2017-07-20
   historical Active - Contingent 343-char remark

   Show marketing remark (343 chars)

   St Augustine South Seekers. This home offers a living room, spacious kitchen, great room with fireplace, den, office, four beds, 2.5 baths and is situated on 3 lots that are fully fenced. If you are looking for a home that has space and is in an area with no HOA this is it. Freshly painted, BRAND NEW metal roof, new carpet and move in ready!

9. 2017-07-18
   price $197,500 343-char remark

   Show marketing remark (343 chars)

   St Augustine South Seekers. This home offers a living room, spacious kitchen, great room with fireplace, den, office, four beds, 2.5 baths and is situated on 3 lots that are fully fenced. If you are looking for a home that has space and is in an area with no HOA this is it. Freshly painted, BRAND NEW metal roof, new carpet and move in ready!

10. 2017-07-05
    price $199,900 343-char remark

    Show marketing remark (343 chars)

    St Augustine South Seekers. This home offers a living room, spacious kitchen, great room with fireplace, den, office, four beds, 2.5 baths and is situated on 3 lots that are fully fenced. If you are looking for a home that has space and is in an area with no HOA this is it. Freshly painted, BRAND NEW metal roof, new carpet and move in ready!

11. 2017-06-27
    price $209,900 343-char remark

    Show marketing remark (343 chars)

    St Augustine South Seekers. This home offers a living room, spacious kitchen, great room with fireplace, den, office, four beds, 2.5 baths and is situated on 3 lots that are fully fenced. If you are looking for a home that has space and is in an area with no HOA this is it. Freshly painted, BRAND NEW metal roof, new carpet and move in ready!

12. 2017-06-14
    price $214,900 343-char remark

    Show marketing remark (343 chars)

    St Augustine South Seekers. This home offers a living room, spacious kitchen, great room with fireplace, den, office, four beds, 2.5 baths and is situated on 3 lots that are fully fenced. If you are looking for a home that has space and is in an area with no HOA this is it. Freshly painted, BRAND NEW metal roof, new carpet and move in ready!

13. 2017-06-09
    listed $224,900 Active 343-char remark

    Show marketing remark (343 chars)

    St Augustine South Seekers. This home offers a living room, spacious kitchen, great room with fireplace, den, office, four beds, 2.5 baths and is situated on 3 lots that are fully fenced. If you are looking for a home that has space and is in an area with no HOA this is it. Freshly painted, BRAND NEW metal roof, new carpet and move in ready!

14. 2017-06-09
    listed $197,500 343-char remark

    Show marketing remark (343 chars)

    St Augustine South Seekers. This home offers a living room, spacious kitchen, great room with fireplace, den, office, four beds, 2.5 baths and is situated on 3 lots that are fully fenced. If you are looking for a home that has space and is in an area with no HOA this is it. Freshly painted, BRAND NEW metal roof, new carpet and move in ready!

15. 1999-01-11
    soldstatus $97,000
16. 1980-01-01
    soldstatus $49,000

ⓘ 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: $2,532 · $211/mo
• Projected year-2 tax: $2,697 · $225/mo
• Expected delta: +$166/yr (+$14/mo · 6.5%)

ⓘ 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 10/10 Extreme 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,525
• − Mortgage interest: −$18,205
• − Property taxes: −$2,532
• − Insurance: −$1,625
• − Repairs & maintenance: −$2,442
• − Management: −$2,442
• − Depreciation: −$9,455
• Taxable loss: −$6,175
• Est. tax savings @ 24.0%: +$1,482
• After-tax cash flow: $988/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: St. Johns
• NCES district ID: 1201740
• Math proficiency: 75% ▼ -5.00%
• Reading proficiency: 73% ▼ -2.00%
• Median HH income: $66,842
• Composite: 64.31/100
• National rank: #556
• State rank: #2 of 73 in FL

Livability — St. Augustine South

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Augustine South, FL
• County: Saint Johns County · 301,599 people
• Metro: Jacksonville, FL
• Population (ZIP): 34,855
• Household income: $76,512
• Rent vs Own: 20.8% rent · 79.2% own
• Severe rent burden: 634.0

Population outlook (St. Johns County) Hauer SSP2

• Today (2025): 303,941 people
• By 2030: 342,590 · +12.7%
• By 2040: 417,328 · +37.3%
• By 2050: 487,011 · +60.2%
• By 2075: 635,395 · +109.1%
• By 2100: 717,469 · +136.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 8% Two or more races 5% Black 3% Asian 1%
• Hispanic origin (detail): Puerto Rican 2% Dominican 1%
• Common ancestry: Romanian 3% Lithuanian 3% Italian 2%
• Foreign-born: 7% · Canada, Jamaica, Guatemala
• Languages at home: 91% English-only · Spanish 5% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · St. Johns

• 2024 margin: Solid R (+31.4) · D 33.9% · R 65.2%
• 2008→2024 swing: +0.2pp no change · 2008: -31.6pp · 2024: -31.4pp
• All cycles: 2024: R+31.4 2020: R+26.7 2016: R+33.4 2012: R+37.8 2008: R+31.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -278.21%
• Current HPI: 306.2813
• Rent YoY: ▲ 0.85%
• 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

+563.3% since first listed

16 events — show timeline

• 2026-05-12 Pending — realMLS
• 2026-04-24 Price Changed $324,999 realMLS
• 2026-04-01 Listed $349,999 realMLS
• 2017-08-31 Sold (Public Records) $197,500 Public Records
• 2017-08-30 Sold (MLS) $197,500 St. Augustine and St. Johns County Board of REALTORS®
• 2017-08-30 Sold (MLS) $197,500 realMLS
• 2017-08-11 Pending — realMLS
• 2017-07-20 Contingent — realMLS
• 2017-07-18 Price Changed $197,500 realMLS
• 2017-07-05 Price Changed $199,900 realMLS
• 2017-06-27 Price Changed $209,900 realMLS
• 2017-06-14 Price Changed $214,900 realMLS
• 2017-06-09 Listed $224,900 realMLS
• 2017-06-09 Listed $197,500 St. Augustine and St. Johns County Board of REALTORS®
• 1999-01-11 Sold (Public Records) $97,000 Public Records
• 1980-01-01 Sold (Public Records) $49,000 Public Records

Property tax history

+6.6%/yr

Latest (2025): $2,532 · +13.9% YoY. Source: county tax records.