1738 El Prado Rd #5 · Jacksonville, FL 32216

$105,000

3 bd · 2.0 ba · 1,180 sqft · Condo public records · 301 Days on market

Built 1967 $500/mo HOA · 30% of rent

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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 +18.1/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.7/10.0
• 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

Welcome to this stunning updated 3-bedroom, 2-bath condo, ideally situated on the second floor for added privacy and comfort. Recently renovated, this home features a bright and open layout with stylish finishes throughout, new updated windows, updated electrical wiring throughout, spray insulation when renovated. The updated kitchen offers modern cabinetry, sleek countertops, and plenty of storage, while the spacious living and dining areas flow seamlessly for both everyday living and entertaining. The primary suite includes a large closet and private bath, with two additional bedrooms providing flexibility for family, guests, or a home office. With fresh updates, neutral tones, and move-i

Key facts

• Plenty of storage
• Community pool
• Large closet

Tags

• UPDATED KITCHEN
• COMMUNITY POOL
• BRIGHT AND OPEN LAYOUT
• LARGE CLOSET
• PRIVATE BATH
• PLENTY OF STORAGE

Property features AI

Finance

• HOA & community: Community association with a monthly fee; Association fee charged monthly; Association fee covers grounds maintenance, structure maintenance, pest control, sewer, trash and water; Community amenities include: barbecue, boat dock, boat launch, children's pool, clubhouse, fitness center, gated entry, laundry, on-site management, playground, trash service

Exterior

• Parking: Additional assigned parking
• Security: Gated community (association amenity)
• Utilities: Cable available; Electricity connected; Water connected; Sewer connected
• Home design: Condominium; Property attached; One level (unit); 2-story building
• Exterior features: Balcony; Community pool (not private)

Interior

• Kitchen: Electric oven and range; Microwave; Dishwasher; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate flooring; Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Open floorplan; Primary bathroom with shower (no tub); Walk-in closets; 7 total rooms
• Laundry & utility: Washer and dryer included; Laundry available in community amenities

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $105k.

Deal economics

• At list price, monthly cash flow is $93 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $105k).
• Recommended offer: $92k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.4% 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 $726 of loan paydown is wiped out by about $3k 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 301 days — a 12% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $40k (28%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $60k; list at $105k implies a 75% 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 $92,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 301 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.59% ✓
• Cap rate: 7.35%
• Cash-on-cash: 3.79%
• DSCR: 1.17
• GRM: 5.2

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: -15.7%
• Equity multiple: 0.47×
• Total profit: $-15,665
• Equity at exit: $15,656

10-year hold

• IRR: -19.5%
• Equity multiple: 0.20×
• Total profit: $-23,584
• Equity at exit: $9,078

Cash invested: $29,400 (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 32216

• Rents YoY: -0.2%
• Active inventory: 219
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,669 high
• Mortgage (P&I): −$551
• Tax est. 1.5%: −$131 /mo · $1,575/yr
• Insurance: −$44
• HOA: −$500
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $93

Break-even live

Break-even rent $1,551

Max offer price $105,000

Occupancy floor 89%

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7505 Beach Blvd Jacksonville, FL	3.0	1.0–2.0	900	$1,650	$1.83	23d	20	0.08mi
7346 El Barco Rd #8 Jacksonville, FL	2.0	2.0	992	$1,295	$1.31	13d	1	0.10mi
7346 El Barco Rd #8 Jacksonville, FL	2.0	2.0	992	$1,295	$1.31	23d	1	0.10mi
8601 Beach Blvd Jacksonville, FL	2.0–3.0	2.0	1234	$1,700	$1.38	1d	3	0.72mi
8343 Hogan Rd Jacksonville, FL	1.0–3.0	1.0–2.0	1043	$1,574	$1.51	2d	17	0.73mi
6650 Corporate Center Pkwy Jacksonville, FL	1.0–3.0	1.0–2.0	990	$3,308	$3.34	1d	12	0.78mi
7104 Waikiki Rd Jacksonville, FL	4.0	1.5	1497	$1,695	$1.13	7d	1	0.80mi
2440 San Sago Ln Jacksonville, FL	3.0	2.0	1500	$1,945	$1.30	23d	1	0.93mi
1515 Pullen Rd Unit 4 Jacksonville, FL	2.0	1.0	800	$1,100	$1.38	23d	1	0.98mi
8846 Cavender Dr Jacksonville, FL	3.0	2.0	1176	$1,475	$1.25	21d	1	0.99mi
8846 Cavender Dr Jacksonville, FL	3.0	2.0	1176	$1,475	$1.25	14d	1	0.99mi
7811 Aquarius Cir S Jacksonville, FL	3.0	2.0	1298	$1,760	$1.36	23d	1	1.06mi
2525 Dean Rd Jacksonville, FL	3.0	1.0	1424	$1,850	$1.30	23d	1	1.07mi
8232 Rigel Rd Jacksonville, FL	3.0	2.5	1372	$1,610	$1.17	13d	1	1.17mi
8236 Rigel Rd Jacksonville, FL	3.0	2.5	1358	$1,585	$1.17	23d	1	1.18mi
8252 Rigel Rd Jacksonville, FL	3.0	2.5	1358	$1,625	$1.20	23d	1	1.20mi
8778 Buzz Ct Jacksonville, FL	3.0	2.0	1212	$1,800	$1.49	23d	1	1.20mi
3013 Newell Blvd Jacksonville, FL	4.0	1.5	1350	$1,795	$1.33	23d	1	1.22mi
551 Eiseman Way Jacksonville, FL	3.0	2.5	1358	$1,620	$1.19	23d	1	1.24mi
8290 Rigel Rd Jacksonville, FL	3.0	2.5	1358	$1,595	$1.17	23d	1	1.24mi
421 Aralia Ln Jacksonville, FL	3.0	2.5	1492	$1,681	$1.13	21d	1	1.29mi
574 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.30mi
574 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	23d	1	1.30mi
558 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	21d	1	1.31mi
558 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.31mi
514 Narnia Ct Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.32mi
514 Narnia Ct Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	23d	1	1.32mi
513 Narnia Ct Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	4d	1	1.35mi
545 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	23d	1	1.35mi
2613 Sandusky Ave E Jacksonville, FL	3.0	2.0	1116	$1,800	$1.61	7d	1	1.35mi
514 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.36mi
514 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	23d	1	1.36mi
535 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	23d	1	1.36mi
535 Kit St Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.36mi
471 Matilda Ln Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.41mi
471 Matilda Ln Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	17d	1	1.41mi
3000 Coronet Ln Jacksonville, FL	1.0–3.0	1.0–2.0	1017	$1,709	$1.68	23d	5	1.42mi
487 Terabithia Way Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	14d	1	1.43mi
487 Terabithia Way Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	21d	1	1.43mi
451 Matilda Ln Jacksonville, FL	3.0	2.5	1480	$1,845	$1.25	7d	1	1.43mi

HOA detail condo

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

Listing history 17 events

1. 2026-06-18
   days on market $105,000 Active 301 DOM
2. 2026-06-17
   days on market $105,000 Active 300 DOM
3. 2026-06-16
   days on market $105,000 Active 299 DOM
4. 2026-06-15
   days on market $105,000 Active 298 DOM
5. 2026-06-10
   days on market $105,000 Active 292 DOM
6. 2026-06-08
   days on market $105,000 Active 291 DOM
7. 2026-06-08
   days on market $105,000 Active 290 DOM
8. 2026-06-03
   days on market $105,000 Active 286 DOM
9. 2026-06-02
   days on market $105,000 Active 285 DOM
10. 2026-06-01
    days on market $105,000 Active 284 DOM
11. 2026-05-31
    days on market $105,000 Active 283 DOM
12. 2026-05-13
    price $105,000
13. 2026-04-25
    status Active
14. 2026-03-30
    historical Active Under Contract
15. 2025-11-19
    price $135,000
16. 2025-08-21
    listed $145,000 Active
17. 2003-09-18
    soldstatus $60,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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: $20,026
• − Mortgage interest: −$5,882
• − Property taxes: −$1,575
• − Insurance: −$525
• − Repairs & maintenance: −$1,602
• − Management: −$1,602
• − HOA: −$6,000
• − Depreciation: −$3,055
• Taxable loss: −$214
• Est. tax savings @ 24.0%: +$51
• After-tax cash flow: $1,164/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

+75.0% since first listed

6 events — show timeline

• 2026-05-13 Price Changed $105,000 realMLS
• 2026-04-25 Relisted — realMLS
• 2026-03-30 Contingent — realMLS
• 2025-11-19 Price Changed $135,000 realMLS
• 2025-08-21 Listed $145,000 realMLS
• 2003-09-18 Sold (Public Records) $60,000 Public Records

Property tax history

+3.1%/yr

Latest (2025): $41 · +38.1% YoY. Source: county tax records.