1619 N Laura St N · Jacksonville, FL 32206

$295,000

4 bd · 4.0 ba · 2,860 sqft · SingleFamily public records · 6 Days on market

Built 1899 3,049 sqft lot Est $581k · 49% 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).

• ARV discount +15.0/15.0
• Cash flow +14.7/30.0
• DSCR +4.5/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• 1% rule +3.5/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Historic Springfield is waiting for you!! This bank owned property has original hardwood floors in great condition!! One of Springfield's best street's!! Possible seller financing for a qualified buyer. Being sold As-Is, do inspections prior to making offer.

Key facts

• 3,049 sq ft lot
• Built 1899
• Listed 6 days

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Electricity available; Water available
• Home design: Single Family Residence used for residential purposes
• Exterior features: Lot of 0.07 acres

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 3 full bathrooms
• Heating & cooling: No heating specified; No cooling specified
• Interior features: No built-in appliances listed

What this means for you Summary

Snapshot

• This is a 4-bed/4.0-bath single-family listed at $295k.

Deal economics

• At list price, monthly cash flow is $75 ($898/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 $251k (14.9% below list).
• Recommended offer: $251k (14.9% below list) — sets the bar for 1% rule.
• Cap rate 6.6% 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: Andrew A. Robinson Elementary School (math 46% / reading 28%, grade F, #1,609 of 2,144 statewide, top 77%, 535 students, 81% FRL); Matthew W. Gilbert Middle School (math 26% / reading 17%, grade F, #553 of 571 statewide, top 97%, 688 students, 86% FRL); Andrew Jackson High School (math 30% / reading 26%, grade F, #464 of 667 statewide, top 70%, 870 students, 54% FRL) — zoned schools average 74% FRL vs 49% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 29% at this address vs 46% district-wide (-17 pts) — the specific schools serving this property underperform the Duval average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 200 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 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 $2k of loan paydown is wiped out by about $9k 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 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 25y 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 $179k; list at $295k implies a 65% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1899 — 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 $250,991 (14.9% below list)

Questions for the listing agent

1. Built in 1899 — 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: 0.85% ✗
• Cap rate: 6.60%
• Cash-on-cash: 1.09%
• DSCR: 1.05
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $580,580
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1706 Silver St	0.14mi	3/2.5 (-1)	2,788 (-2%)	3mo	$565,000	$203	76
1449 N Pearl St	0.24mi	4/2.0	2,859 (-0%)	12mo	$575,000	$201	71
419 E 6th St	0.49mi	5/3.0 (+1)	2,836 (-1%)	1mo	$585,000	$206	66
104 E 5th St	0.23mi	3/3.0 (-1)	2,953 (+3%)	11mo	$619,000	$210	66
220 E 7th St	0.30mi	5/3.0 (+1)	2,901 (+1%)	15mo	$469,900	$162	62
1223 Hubbard St	0.41mi	4/2.5	2,768 (-3%)	10mo	$585,000	$211	61
1826 Silver St	0.23mi	4/2.5	2,676 (-6%)	16mo	$307,500	$115	59
145 W 10th St	0.36mi	4/2.5	2,947 (+3%)	16mo	$210,000	$71	58
414 E 4th St	0.54mi	5/4.0 (+1)	3,006 (+5%)	10mo	$684,801	$228	53
1626 N Liberty St	0.34mi	5/3.5 (+1)	3,200 (+12%)	8mo	$650,000	$203	51
122 W 10th St	0.32mi	4/2.0	3,136 (+10%)	16mo	$550,000	$175	48
1936 N Market St	0.39mi	4/3.0	2,433 (-15%)	7mo	$300,000	$123	47

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 · 0.94% rent growth · sell at horizon

5-year hold

• IRR: -16.8%
• Equity multiple: 0.42×
• Total profit: $-48,175
• Equity at exit: $43,985

10-year hold

• IRR: -12.6%
• Equity multiple: 0.32×
• Total profit: $-56,055
• Equity at exit: $25,506

Cash invested: $82,600 (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 32206

• Home prices YoY: -23.7%
• Rents YoY: 0.9%
• Active inventory: 200
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,510 medium
• Mortgage (P&I): −$1,547
• Tax from tax record: −$238 /mo · $2,857/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$527
• Net cashflow: $75

Break-even live

Break-even rent $2,415

Max offer price $295,000

Occupancy floor 92%

Sensitivity live

Price	-10% $242	-5% $158	+0% $75	+5% $-9	+10% $-92
Rent	-10% $-123	-5% $-24	+0% $75	+5% $174	+10% $273
Rate	-1.0pp $223	-0.5pp $150	base $75	+0.5pp $-2	+1.0pp $-79

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1931 Silver St Jacksonville, FL	3.0	2.0	2132	$2,600	$1.22	25d	1	0.28mi
1827 N Market St Jacksonville, FL	5.0	3.5	2750	$3,100	$1.13	19d	1	0.35mi
424 E 6th St Jacksonville, FL	4.0	3.0	2746	$2,895	$1.05	25d	1	0.52mi
440 E 6th St Jacksonville, FL	3.0	2.0	1968	$2,100	$1.07	25d	1	0.55mi

Listing history 7 events

1. 2026-06-21
   days on market $295,000 Active 6 DOM
2. 2026-06-18
   days on market $295,000 Active 3 DOM
3. 2026-06-17
   remarks 437-char remark
4. 2026-06-17
   remarks 388-char remark
5. 2026-06-17
   days on market $295,000 Active 2 DOM
6. 2026-06-16
   remarks 371-char remark
7. 2026-06-16
   listed $295,000 Active 1 DOM

ⓘ 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: $2,857 · $238/mo
• Projected year-2 tax: $2,857 · $238/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 1/10 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 5/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,119
• − Mortgage interest: −$16,525
• − Property taxes: −$2,857
• − Insurance: −$1,475
• − Repairs & maintenance: −$2,410
• − Management: −$2,410
• − Depreciation: −$8,582
• Taxable loss: −$4,138
• Est. tax savings @ 24.0%: +$993
• After-tax cash flow: $1,891/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): 17,105
• Household income: $39,242
• Rent vs Own: 53.7% rent · 46.3% own
• Severe rent burden: 1057.0

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: Predominantly Black (65%)
• Race & ethnicity: Black 65% White 22% Two or more races 8% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Italian 2% Romanian 1% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 3% Arabic 1% German/W. Germanic 1%

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: ▼ -64.55%
• Current HPI: 208.1852
• Rent YoY: ▲ 0.94%
• 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

+321.4% since first listed

15 events — show timeline

• 2026-06-15 Listed $295,000 realMLS
• 2007-01-10 Listing Removed — realMLS
• 2007-01-05 Sold (MLS) $179,000 realMLS
• 2006-09-19 Listed $189,000 realMLS
• 2004-07-30 Listing Removed — realMLS
• 2004-07-27 Sold (MLS) $65,000 realMLS
• 2003-11-04 Sold (Public Records) $87,000 Public Records
• 2003-08-28 Listed $75,000 realMLS
• 2002-03-27 Listing Removed — realMLS
• 2001-09-26 Listed $103,000 realMLS
• 1998-11-02 Sold (Public Records) $36,000 Public Records
• 1996-03-01 Sold (Public Records) $22,000 Public Records
• 1988-08-01 Sold (Public Records) $112,000 Public Records
• 1983-05-01 Sold (Public Records) $75,000 Public Records
• 1982-03-01 Sold (Public Records) $70,000 Public Records

Property tax history

+15.2%/yr

Latest (2025): $2,857 · +7.2% YoY. Source: county tax records.