1714 El Prado Rd #1 · Jacksonville, FL 32216

$89,000

2 bd · 2.0 ba · 992 sqft · Condo public records · 60 Days on market

Built 1967 $500/mo HOA · 36% 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).

• 1% rule +10.0/10.0
• Cash flow +9.8/30.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Schools +3.9/10.0
• DSCR +2.8/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Immaculately renovated condo awaits! Effortlessly move-in ready. Enjoy modern amenities with upgraded stainless steel appliances, refreshed kitchen cabinets, brand new countertops, contemporary vanities, and stylish bathroom fixtures. Enhancing convenience, discover updated electric switches and outlets throughout. Experience the epitome of comfort and sophistication in this renovated haven.. There is a storage room for this unit.

Key facts

• Storage room
• Stylish countertops
• Updated bathrooms

Tags

• STAINLESS STEEL APPLIANCES
• STYLISH COUNTERTOPS
• UPDATED BATHROOMS
• STORAGE ROOM

Property features AI

Finance

• HOA & community: Has association; Monthly association fee of $500; Association fee includes grounds maintenance; Community pool (not private)

Exterior

• Parking: Assigned parking
• Security: Smoke detector(s)
• Utilities: Public sewer; Cable available; Electricity available; Sewer connected
• Home design: Condominium; Two stories; Attached property
• Construction: Stucco construction
• Exterior features: Asphalt road access

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Smoke detector(s)
• Laundry & utility: Community laundry available

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $89k.

Deal economics

• At list price, monthly cash flow is $-58 ($-691/yr) — negative.
• To cash-flow at today's rent, offer at most $79k (11.4% below list).
• Meets the 1% rule at list price ($1k rent vs $89k).
• Recommended offer: $79k (11.4% below list) — sets the bar for cash-flow.
• Cap rate 5.5% 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; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $615 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 60 days — a 3% lower offer ($86k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 3y ago; this cycle's ask has dropped $16k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $74k; 21% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 36% 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 $78,828 (11.4% 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 60 days. Have you received any prior offers? Is the seller open to a 11% 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. 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. 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?
9. 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.
10. 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.
11. 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: 1.56% ✓
• Cap rate: 5.52%
• Cash-on-cash: -2.77%
• DSCR: 0.88
• GRM: 5.3

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: -27.3%
• Equity multiple: 0.12×
• Total profit: $-21,808
• Equity at exit: $13,270

10-year hold

• IRR: -70.3%
• Equity multiple: -0.53×
• Total profit: $-38,016
• Equity at exit: $7,695

Cash invested: $24,920 (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: 5.3×

Monthly cashflow live

• Estimated rent: $1,390 high
• Mortgage (P&I): −$467
• Tax from tax record: −$151 /mo · $1,818/yr
• Insurance: −$37
• HOA: −$500
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $-58

Break-even live

Break-even rent $1,462

Max offer price $78,828

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: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Rent comps 16 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	0.10mi
7346 El Barco Rd #8 Jacksonville, FL	2.0	2.0	992	$1,295	$1.31	23d	1	0.10mi
7505 Beach Blvd Jacksonville, FL	3.0	1.0–2.0	900	$1,417	$1.57	23d	20	0.14mi
8037 Parental Cir Jacksonville, FL	2.0	1.0	624	$1,350	$2.16	23d	1	0.53mi
8067 Parental Cir Jacksonville, FL	2.0	1.0	624	$1,200	$1.92	23d	1	0.55mi
1920 Dean Rd Jacksonville, FL	1.0	1.0	620	$1,070	$1.73	23d	1	0.69mi
8343 Hogan Rd Jacksonville, FL	1.0–3.0	1.0–2.0	1043	$1,377	$1.32	2d	17	0.77mi
8601 Beach Blvd Jacksonville, FL	2.0–3.0	2.0	1234	$1,350	$1.09	1d	3	0.78mi
6650 Corporate Center Pkwy Jacksonville, FL	1.0–3.0	1.0–2.0	990	$2,304	$2.33	1d	12	0.83mi
1515 Pullen Rd Unit 4 Jacksonville, FL	2.0	1.0	800	$1,100	$1.38	23d	1	0.92mi
1386 Pullen Rd Jacksonville, FL	1.0	1.0	552	$800	$1.45	7d	1	0.99mi
1386 Pullen Rd Jacksonville, FL	1.0	1.0	552	$800	$1.45	23d	1	0.99mi
2886 Rex Dr Jacksonville, FL	1.0	1.0	550	$1,150	$2.09	23d	1	1.22mi
3000 Coronet Ln Jacksonville, FL	1.0–3.0	1.0–2.0	1017	$1,369	$1.35	23d	5	1.36mi
2900 Coronet Ln Jacksonville, FL	1.0	1.0	432	$1,045	$2.42	2d	6	1.40mi
2613 Sandusky Ave E Jacksonville, FL	3.0	2.0	1116	$1,800	$1.61	7d	1	1.41mi

HOA detail condo

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

Listing history 19 events

1. 2026-05-15
   status Pending
2. 2026-05-05
   price $89,000
3. 2026-04-14
   price $95,000
4. 2026-03-13
   listed $105,000 Active
5. 2024-04-20
   historical 435-char remark

   Show marketing remark (435 chars)

   Immaculately renovated condo awaits! Effortlessly move-in ready. Enjoy modern amenities with upgraded stainless steel appliances, refreshed kitchen cabinets, brand new countertops, contemporary vanities, and stylish bathroom fixtures. Enhancing convenience, discover updated electric switches and outlets throughout. Experience the epitome of comfort and sophistication in this renovated haven.. There is a storage room for this unit.

6. 2024-02-20
   listed $149,000 Active 435-char remark

   Show marketing remark (435 chars)

   Immaculately renovated condo awaits! Effortlessly move-in ready. Enjoy modern amenities with upgraded stainless steel appliances, refreshed kitchen cabinets, brand new countertops, contemporary vanities, and stylish bathroom fixtures. Enhancing convenience, discover updated electric switches and outlets throughout. Experience the epitome of comfort and sophistication in this renovated haven.. There is a storage room for this unit.

7. 2024-01-10
   soldstatus $73,500
8. 2023-12-27
   soldstatus $73,500 Closed 342-char remark

   Show marketing remark (342 chars)

   BUYER COULD NOT OBTAIN FINANCING. Ready for the next adventure! This unit features a spacious family room with large sliders providing ample light. The kitchen features plenty of counter and cabinet space. Dining area is perfect for nightly meals or entertaining. New vanities in the bathrooms. Unit is in good shape but in need of a refresh.

9. 2023-12-08
   status Pending 342-char remark

   Show marketing remark (342 chars)

   BUYER COULD NOT OBTAIN FINANCING. Ready for the next adventure! This unit features a spacious family room with large sliders providing ample light. The kitchen features plenty of counter and cabinet space. Dining area is perfect for nightly meals or entertaining. New vanities in the bathrooms. Unit is in good shape but in need of a refresh.

10. 2023-12-06
    status Active 342-char remark

    Show marketing remark (342 chars)

    BUYER COULD NOT OBTAIN FINANCING. Ready for the next adventure! This unit features a spacious family room with large sliders providing ample light. The kitchen features plenty of counter and cabinet space. Dining area is perfect for nightly meals or entertaining. New vanities in the bathrooms. Unit is in good shape but in need of a refresh.

11. 2023-11-30
    status Active 342-char remark

    Show marketing remark (342 chars)

    BUYER COULD NOT OBTAIN FINANCING. Ready for the next adventure! This unit features a spacious family room with large sliders providing ample light. The kitchen features plenty of counter and cabinet space. Dining area is perfect for nightly meals or entertaining. New vanities in the bathrooms. Unit is in good shape but in need of a refresh.

12. 2023-10-21
    status Pending 342-char remark

    Show marketing remark (342 chars)

    BUYER COULD NOT OBTAIN FINANCING. Ready for the next adventure! This unit features a spacious family room with large sliders providing ample light. The kitchen features plenty of counter and cabinet space. Dining area is perfect for nightly meals or entertaining. New vanities in the bathrooms. Unit is in good shape but in need of a refresh.

13. 2023-10-21
    historical 342-char remark

    Show marketing remark (342 chars)

    BUYER COULD NOT OBTAIN FINANCING. Ready for the next adventure! This unit features a spacious family room with large sliders providing ample light. The kitchen features plenty of counter and cabinet space. Dining area is perfect for nightly meals or entertaining. New vanities in the bathrooms. Unit is in good shape but in need of a refresh.

14. 2023-10-13
    status Active 342-char remark

    Show marketing remark (342 chars)

    BUYER COULD NOT OBTAIN FINANCING. Ready for the next adventure! This unit features a spacious family room with large sliders providing ample light. The kitchen features plenty of counter and cabinet space. Dining area is perfect for nightly meals or entertaining. New vanities in the bathrooms. Unit is in good shape but in need of a refresh.

15. 2023-09-11
    status Pending 342-char remark

    Show marketing remark (342 chars)

    BUYER COULD NOT OBTAIN FINANCING. Ready for the next adventure! This unit features a spacious family room with large sliders providing ample light. The kitchen features plenty of counter and cabinet space. Dining area is perfect for nightly meals or entertaining. New vanities in the bathrooms. Unit is in good shape but in need of a refresh.

16. 2023-09-07
    listed $107,000 Active 342-char remark

    Show marketing remark (342 chars)

    BUYER COULD NOT OBTAIN FINANCING. Ready for the next adventure! This unit features a spacious family room with large sliders providing ample light. The kitchen features plenty of counter and cabinet space. Dining area is perfect for nightly meals or entertaining. New vanities in the bathrooms. Unit is in good shape but in need of a refresh.

17. 1992-04-07
    soldstatus $22,000
18. 1992-02-05
    soldstatus $34,500
19. 1982-01-01
    soldstatus $33,900

ⓘ 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: $1,818 · $151/mo
• Projected year-2 tax: $1,818 · $151/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 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: $16,674
• − Mortgage interest: −$4,985
• − Property taxes: −$1,818
• − Insurance: −$445
• − Repairs & maintenance: −$1,334
• − Management: −$1,334
• − HOA: −$6,000
• − Depreciation: −$2,589
• Taxable loss: −$1,831
• Est. tax savings @ 24.0%: +$439
• After-tax cash flow: $-252/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

+162.5% since first listed

19 events — show timeline

• 2026-05-15 Pending — realMLS
• 2026-05-05 Price Changed $89,000 realMLS
• 2026-04-14 Price Changed $95,000 realMLS
• 2026-03-13 Listed $105,000 realMLS
• 2024-04-20 Listing Removed — realMLS
• 2024-02-20 Listed $149,000 realMLS
• 2024-01-10 Sold (Public Records) $73,500 Public Records
• 2023-12-27 Sold (MLS) $73,500 realMLS
• 2023-12-08 Pending — realMLS
• 2023-12-06 Relisted — realMLS
• 2023-11-30 Relisted — realMLS
• 2023-10-21 Pending — realMLS
• 2023-10-21 Listing Removed — realMLS
• 2023-10-13 Relisted — realMLS
• 2023-09-11 Pending — realMLS
• 2023-09-07 Listed $107,000 realMLS
• 1992-04-07 Sold (Public Records) $22,000 Public Records
• 1992-02-05 Sold (Public Records) $34,500 Public Records
• 1982-01-01 Sold (Public Records) $33,900 Public Records

Property tax history

+11.5%/yr

Latest (2025): $1,818 · +49.3% YoY. Source: county tax records.