5419 Woodcrest Rd · Jacksonville, FL 32205

$549,000

6 bd · 4.0 ba · 3,848 sqft · MultiFamily public records · 751 Days on market

Built 1950 0.50 ac lot

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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 +21.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• 1% rule +5.0/10.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 4 units. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Amazing opportunity to own the historic Van Zant House property. A fourplex and manufactured home sit on eight lots. Fourplex units are currently operated as vacation rentals that drive significant monthly income. Buyers need to understand this changes the metrics of a typical multifam deal. Full low labor turnkey business conveys - website, vacation rental listings, Facebook page with 20,000+ followers, furniture and memorabilia, etc. This is not just real estate but a business! Please do not bother tenants or guests. Drivebys only. Interior inspections only with written contract.

Key facts

• Historic property
• 0.5 acre lot
• Built 1950

Tags

• HISTORIC PROPERTY
• RECOGNIZED HISTORICAL SITE
• TREMENDOUS CASH FLOWS
• PROFITABLE INVESTMENT

Property features AI

Finance

• Financial info: Owner pays cable TV, electricity, exterior maintenance, grounds care, hot water, HVAC maintenance, management, pest control, repairs, roof maintenance, sewer, taxes, trash collection, and water

Exterior

• Parking: Circular driveway; Off-street parking; Shared driveway; Unassigned parking
• Security: Key card entry; Secured lobby; Security gate; Security fence; Security lights; Fire alarm, smoke detectors, carbon monoxide detectors
• Utilities: 100 amp electric service; Public sewer; Water connected; Sewer available; Electricity connected; Cable available; Propane
• Home design: One-story multi-family property; Current uses include multi-family, residential, and hotel/motel; Workshop on the property
• Construction: Single building; Built with block, frame, and wood siding; Metal and shingle roof
• Exterior features: Corner lot with many trees; Drainage canal on the property; Located in a historic area; Lot may be split; Asphalt city street frontage; Fenced yard with full privacy wood fencing and other fencing; Security gate, secured lobby, security fence and security lighting; Key card entry and other secured access

Interior

• Kitchen: Electric cooktop and electric oven; Electric range; Microwave; Refrigerator
• Bedrooms: Eight bedrooms
• Flooring: Tile flooring; Vinyl flooring
• Bathrooms: Four full bathrooms; One half bathroom
• Heating & cooling: Electric heating (varies by unit; individual systems); Wall/window air conditioning units
• Interior features: Two fireplaces; Furnished; Fire alarm, smoke detectors, and carbon monoxide detectors
• Laundry & utility: Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 4 × 2-bed/1.1-bath units multifamily listed at $549k.

Deal economics

• At list price, monthly cash flow is $819 ($10k/yr) — positive. Per door: $205/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $547k (0.4% below list).
• Recommended offer: $483k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% 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 rising (+1.7%/yr); 320 active listings in the ZIP; 6,503 units permitted in Duval County in 2024 (1,131 in 5+ unit buildings).
• At $5,469/mo this rent would consume 101% of the median local household income ($65k/yr) (locally 1398% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $16k 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 751 days — a 12% lower offer ($483k) is reasonable based on typical stale-listing flexibility.
• 16 sale attempts since 20y ago; this cycle's ask has dropped $150k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $68k; list at $549k implies a 713% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $483,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 751 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.00% ✗
• Cap rate: 8.08%
• Cash-on-cash: 6.39%
• DSCR: 1.28
• GRM: 8.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.73% rent growth · sell at horizon

5-year hold

• IRR: -7.8%
• Equity multiple: 0.71×
• Total profit: $-43,820
• Equity at exit: $81,858

10-year hold

• IRR: 0.1%
• Equity multiple: 1.01×
• Total profit: $982
• Equity at exit: $47,467

Cash invested: $153,720 (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 32205

• Rents YoY: 1.7%
• Active inventory: 320
• Price-to-rent: 33.5×

Monthly cashflow live

• Estimated rent: $5,469 high
• Mortgage (P&I): −$2,879
• Tax from tax record: −$394 /mo · $4,729/yr
• Insurance: −$229
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,148
• Net cashflow: $819

Break-even live

Break-even rent $4,433

Max offer price $549,000

Occupancy floor 80%

4-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 4× units	2	1.1	$5,468
Total (4 units)			$5,469

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: $137,250
• Closing costs: $16,470
• Reserves months: —
• Total cash needed: —

Listing history 49 events

1. 2026-06-18
   days on market $549,000 Active 751 DOM
2. 2026-06-17
   days on market $549,000 Active 750 DOM
3. 2026-06-16
   days on market $549,000 Active 749 DOM
4. 2026-06-15
   days on market $549,000 Active 748 DOM
5. 2026-06-10
   days on market $549,000 Active 742 DOM
6. 2026-06-08
   days on market $549,000 Active 741 DOM
7. 2026-06-08
   days on market $549,000 Active 740 DOM
8. 2026-06-03
   days on market $549,000 Active 736 DOM
9. 2026-06-02
   days on market $549,000 Active 735 DOM
10. 2026-06-01
    days on market $549,000 Active 734 DOM
11. 2026-05-31
    days on market $549,000 Active 733 DOM
12. 2025-10-20
    price $549,000
13. 2024-12-28
    status Active
14. 2024-12-07
    historical
15. 2024-11-06
    price $679,000
16. 2024-05-07
    listed $699,000 Active
17. 2023-12-31
    historical 597-char remark

    Show marketing remark (597 chars)

    Amazing opportunity to own the historic Van Zant House property. A fourplex and manufactured home sit on eight lots. Fourplex units are currently operated as vacation rentals that drive significant monthly income. Buyers need to understand this changes the metrics of a typical multifam deal. Full low labor turnkey business conveys - website, vacation rental listings, Facebook page with 20,000+ followers, furniture and memorabilia, etc. This is not just real estate but a business! Please do not bother tenants or guests. Drivebys only. Interior inspections only with written contract.

18. 2023-05-04
    status Active 597-char remark

    Show marketing remark (597 chars)

    Amazing opportunity to own the historic Van Zant House property. A fourplex and manufactured home sit on eight lots. Fourplex units are currently operated as vacation rentals that drive significant monthly income. Buyers need to understand this changes the metrics of a typical multifam deal. Full low labor turnkey business conveys - website, vacation rental listings, Facebook page with 20,000+ followers, furniture and memorabilia, etc. This is not just real estate but a business! Please do not bother tenants or guests. Drivebys only. Interior inspections only with written contract.

19. 2023-04-30
    historical 597-char remark

    Show marketing remark (597 chars)

    Amazing opportunity to own the historic Van Zant House property. A fourplex and manufactured home sit on eight lots. Fourplex units are currently operated as vacation rentals that drive significant monthly income. Buyers need to understand this changes the metrics of a typical multifam deal. Full low labor turnkey business conveys - website, vacation rental listings, Facebook page with 20,000+ followers, furniture and memorabilia, etc. This is not just real estate but a business! Please do not bother tenants or guests. Drivebys only. Interior inspections only with written contract.

20. 2023-02-06
    price $679,000 597-char remark

    Show marketing remark (597 chars)

    Amazing opportunity to own the historic Van Zant House property. A fourplex and manufactured home sit on eight lots. Fourplex units are currently operated as vacation rentals that drive significant monthly income. Buyers need to understand this changes the metrics of a typical multifam deal. Full low labor turnkey business conveys - website, vacation rental listings, Facebook page with 20,000+ followers, furniture and memorabilia, etc. This is not just real estate but a business! Please do not bother tenants or guests. Drivebys only. Interior inspections only with written contract.

21. 2022-12-31
    status Active 597-char remark

    Show marketing remark (597 chars)

    Amazing opportunity to own the historic Van Zant House property. A fourplex and manufactured home sit on eight lots. Fourplex units are currently operated as vacation rentals that drive significant monthly income. Buyers need to understand this changes the metrics of a typical multifam deal. Full low labor turnkey business conveys - website, vacation rental listings, Facebook page with 20,000+ followers, furniture and memorabilia, etc. This is not just real estate but a business! Please do not bother tenants or guests. Drivebys only. Interior inspections only with written contract.

22. 2022-09-01
    historical 597-char remark

    Show marketing remark (597 chars)

    Amazing opportunity to own the historic Van Zant House property. A fourplex and manufactured home sit on eight lots. Fourplex units are currently operated as vacation rentals that drive significant monthly income. Buyers need to understand this changes the metrics of a typical multifam deal. Full low labor turnkey business conveys - website, vacation rental listings, Facebook page with 20,000+ followers, furniture and memorabilia, etc. This is not just real estate but a business! Please do not bother tenants or guests. Drivebys only. Interior inspections only with written contract.

23. 2022-08-22
    status Active 597-char remark

    Show marketing remark (597 chars)

    Amazing opportunity to own the historic Van Zant House property. A fourplex and manufactured home sit on eight lots. Fourplex units are currently operated as vacation rentals that drive significant monthly income. Buyers need to understand this changes the metrics of a typical multifam deal. Full low labor turnkey business conveys - website, vacation rental listings, Facebook page with 20,000+ followers, furniture and memorabilia, etc. This is not just real estate but a business! Please do not bother tenants or guests. Drivebys only. Interior inspections only with written contract.

24. 2022-08-13
    historical 597-char remark

    Show marketing remark (597 chars)

    Amazing opportunity to own the historic Van Zant House property. A fourplex and manufactured home sit on eight lots. Fourplex units are currently operated as vacation rentals that drive significant monthly income. Buyers need to understand this changes the metrics of a typical multifam deal. Full low labor turnkey business conveys - website, vacation rental listings, Facebook page with 20,000+ followers, furniture and memorabilia, etc. This is not just real estate but a business! Please do not bother tenants or guests. Drivebys only. Interior inspections only with written contract.

25. 2022-05-13
    listed $629,000 Active 597-char remark

    Show marketing remark (597 chars)

    Amazing opportunity to own the historic Van Zant House property. A fourplex and manufactured home sit on eight lots. Fourplex units are currently operated as vacation rentals that drive significant monthly income. Buyers need to understand this changes the metrics of a typical multifam deal. Full low labor turnkey business conveys - website, vacation rental listings, Facebook page with 20,000+ followers, furniture and memorabilia, etc. This is not just real estate but a business! Please do not bother tenants or guests. Drivebys only. Interior inspections only with written contract.

26. 2020-02-22
    historical 749-char remark

    Show marketing remark (749 chars)

    Sweet Home of Cash Flow! This historic five unit property with value-add potential - the Van Zant House! This home has been recognized by the State of Florida with a historical marker for being the childhood home of the Van Zants of Lynyrd Skynyrd fame. Four of the units are occupied with strong permanent long term tenants while the main house serves as a fully furnished and licensed vacation property. So you not only get a great cash flow property but a business included. All furnishings, memorabilia, and a restored 1938 pool table convey with the sale along with a branded website and a Facebook page with more than 22,000 followers. Majority of rehab work done, but room for improvements, rent increases, expense savings, and more bookings!

27. 2020-02-22
    historical

    Show marketing remark (749 chars)

    Sweet Home of Cash Flow! This historic five unit property with value-add potential - the Van Zant House! This home has been recognized by the State of Florida with a historical marker for being the childhood home of the Van Zants of Lynyrd Skynyrd fame. Four of the units are occupied with strong permanent long term tenants while the main house serves as a fully furnished and licensed vacation property. So you not only get a great cash flow property but a business included. All furnishings, memorabilia, and a restored 1938 pool table convey with the sale along with a branded website and a Facebook page with more than 22,000 followers. Majority of rehab work done, but room for improvements, rent increases, expense savings, and more bookings!

28. 2019-11-25
    listed $449,900 Active 749-char remark

    Show marketing remark (749 chars)

    Sweet Home of Cash Flow! This historic five unit property with value-add potential - the Van Zant House! This home has been recognized by the State of Florida with a historical marker for being the childhood home of the Van Zants of Lynyrd Skynyrd fame. Four of the units are occupied with strong permanent long term tenants while the main house serves as a fully furnished and licensed vacation property. So you not only get a great cash flow property but a business included. All furnishings, memorabilia, and a restored 1938 pool table convey with the sale along with a branded website and a Facebook page with more than 22,000 followers. Majority of rehab work done, but room for improvements, rent increases, expense savings, and more bookings!

29. 2019-11-22
    listed $449,900 Active
30. 2016-01-14
    soldstatus $67,500
31. 2015-12-24
    soldstatus $67,500 Sold
32. 2015-12-19
    status Pending
33. 2015-08-22
    listed $99,999 Active
34. 2015-06-29
    historical
35. 2014-12-30
    listed $125,000 Active
36. 2014-12-29
    price $115,000
37. 2014-11-27
    historical
38. 2014-08-27
    listed $179,000 Active
39. 2014-08-27
    price $179,000
40. 2011-02-03
    historical
41. 2010-08-05
    listed $195,900
42. 2008-06-30
    historical
43. 2008-01-30
    listed $230,000
44. 2007-11-30
    historical
45. 2007-02-15
    listed $250,000
46. 2007-02-13
    historical
47. 2006-07-19
    historical
48. 2006-04-24
    listed $350,000
49. 2006-01-10
    listed $350,000

ⓘ 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: $4,729 · $394/mo
• Projected year-2 tax: $4,729 · $394/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 8/10 Severe 6 d/yr ≥107°F today · 16 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: $65,628
• − Mortgage interest: −$30,753
• − Property taxes: −$4,729
• − Insurance: −$2,745
• − Repairs & maintenance: −$5,250
• − Management: −$5,250
• − Depreciation: −$15,971
• Taxable income: $930
• Est. tax owed @ 24.0%: −$223
• After-tax cash flow: $9,601/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): 29,148
• Household income: $64,789
• Rent vs Own: 45.2% rent · 54.8% own
• Severe rent burden: 1398.0

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 0.59)
• Race & ethnicity: White 59% Black 21% Hispanic / Latino 11% Two or more races 7% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4% Cuban 1%
• Common ancestry: Slovak 3% Lithuanian 2% Romanian 2%
• Foreign-born: 8% · Canada, Vietnam, Dominican Republic
• Languages at home: 88% English-only · Spanish 8% Vietnamese 1% French/Haitian/Cajun 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: ▼ -386.70%
• Current HPI: 310.4566
• Rent YoY: ▲ 1.73%
• 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

+56.9% since first listed

38 events — show timeline

• 2025-10-20 Price Changed $549,000 realMLS
• 2024-12-28 Relisted — realMLS
• 2024-12-07 Listing Removed — realMLS
• 2024-11-06 Price Changed $679,000 realMLS
• 2024-05-07 Listed $699,000 realMLS
• 2023-12-31 Listing Removed — realMLS
• 2023-05-04 Relisted — realMLS
• 2023-04-30 Listing Removed — realMLS
• 2023-02-06 Price Changed $679,000 realMLS
• 2022-12-31 Relisted — realMLS
• 2022-09-01 Listing Removed — realMLS
• 2022-08-22 Relisted — realMLS
• 2022-08-13 Listing Removed — realMLS
• 2022-05-13 Listed $629,000 realMLS
• 2020-02-22 Listing Removed — realMLS
• 2020-02-22 Listing Removed — realMLS
• 2019-11-25 Listed $449,900 realMLS
• 2019-11-22 Listed $449,900 realMLS
• 2016-01-14 Sold (Public Records) $67,500 Public Records
• 2015-12-24 Sold (MLS) $67,500 realMLS
• 2015-12-19 Pending — realMLS
• 2015-08-22 Listed $99,999 realMLS
• 2015-06-29 Listing Removed — realMLS
• 2014-12-30 Listed $125,000 realMLS
• 2014-12-29 Price Changed $115,000 realMLS
• 2014-11-27 Listing Removed — realMLS
• 2014-08-27 Price Changed $179,000 realMLS
• 2014-08-27 Listed $179,000 realMLS
• 2011-02-03 Listing Removed — realMLS
• 2010-08-05 Listed $195,900 realMLS
• 2008-06-30 Listing Removed — realMLS
• 2008-01-30 Listed $230,000 realMLS
• 2007-11-30 Listing Removed — realMLS
• 2007-02-15 Listed $250,000 realMLS
• 2007-02-13 Listing Removed — realMLS
• 2006-07-19 Listing Removed — realMLS
• 2006-04-24 Listed $350,000 realMLS
• 2006-01-10 Listed $350,000 realMLS

Property tax history

+8.3%/yr

Latest (2025): $4,729 · +3.4% YoY. Source: county tax records.