655 Corduroy Ct · Orange Park, FL 32073

$210,000

2 bd · 1.5 ba · 1,292 sqft · SingleFamily public records · 5 Days on market

Built 2007 3,484 sqft lot Est $271k · 23% 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 +12.3/30.0
• Schools +5.1/10.0
• Livability +3.8/5.0
• DSCR +3.7/10.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful Key-West style homes in the heart of Orange Park, just minutes from Fleming Island, 2-95, NAS JAX and Blanding Blvd. Enter in from the porch to the main open spaced living area and kitchen. The kitchen features tile counters, tile flooring and new appliances. Hardwood floors line the downstairs. Upstairs the master bedroom features a very large walk in closet, with two additional closets. Come and check out this lovely home in an amazing location, it won't last long!

Key facts

• Covered porch
• Open floor plan
• Fenced back yard

Tags

• OPEN FLOOR PLAN
• FENCED BACK YARD
• COVERED PORCH
• TILED SHOWER
• WALK IN CLOSET

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $-37 ($-440/yr) — negative.
• To cash-flow at today's rent, offer at most $204k (3.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $162k (22.8% below list).
• Recommended offer: $162k (22.8% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 3.6% in Orange Park — 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 76/100 on livability (#229 in FL, #3,608 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Clay (suburban): math 58% / reading 59% proficiency, ranked #14 of 73 in FL (top 19%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Lakeside Junior High School (math 74% / reading 69%, grade A, #57 of 571 statewide, top 10%, 870 students, 43% FRL); Orange Park High School (math 30% / reading 47%, grade F, #321 of 667 statewide, top 49%, 1,810 students, 100% FRL) — zoned schools average 71% FRL vs 35% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-0.9%/yr); 249 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,876 units permitted in Clay County in 2024 (14 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Clay County population projected at +19% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 20y 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 $135k; list at $210k implies a 56% 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→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $162,105 (22.8% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-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. 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?
5. 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.
6. 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.
7. 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: 0.77% ✗
• Cap rate: 6.08%
• Cash-on-cash: -0.75%
• DSCR: 0.97
• GRM: 10.8

CMA / ARV

• ARV (on-the-fly): $271,320
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
655 Corduroy Ct	0.00mi	2/1.5	1,292 (0%)	1mo	$210,000	$163	99
672 Corduroy Ct	0.04mi	3/2.0 (+1)	1,412 (+9%)	3mo	$239,900	$170	74
512 Clinton Dr	0.33mi	2/1.5	1,321 (+2%)	12mo	$300,000	$227	71
458 Hurley St	0.42mi	2/1.0	1,247 (-4%)	6mo	$62,500	$50	68
2061 Azalea Ln	0.50mi	3/2.0 (+1)	1,329 (+3%)	2mo	$170,000	$128	63
1737 Plainfield Ave	0.24mi	3/1.0 (+1)	1,159 (-10%)	5mo	$230,000	$198	60
1567 Slash Pine Ct	0.73mi	3/2.0 (+1)	1,303 (+1%)	2mo	$277,000	$213	55
1628 Solomon St N	0.43mi	3/2.0 (+1)	1,208 (-6%)	8mo	$300,000	$248	55
1507 Bay Cir	0.47mi	3/2.0 (+1)	1,430 (+11%)	2mo	$300,000	$210	51
1561 Slash Pine Ct	0.73mi	3/2.0 (+1)	1,324 (+2%)	5mo	$265,000	$200	50
1116 Plainfield Ave	0.72mi	3/2.0 (+1)	1,236 (-4%)	16mo	$285,000	$231	38
1548 Grove Park Dr	0.57mi	3/2.0 (+1)	1,188 (-8%)	17mo	$258,000	$217	38

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -20.7%
• Equity multiple: 0.30×
• Total profit: $-41,174
• Equity at exit: $31,312

10-year hold

• IRR: -21.6%
• Equity multiple: 0.02×
• Total profit: $-57,456
• Equity at exit: $18,157

Cash invested: $58,800 (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 32073

• Rents YoY: -0.9%
• Active inventory: 249
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,621 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$129 /mo · $1,543/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$340
• Net cashflow: $-37

Break-even live

Break-even rent $1,667

Max offer price $203,521

Occupancy floor 97%

Sensitivity live

Price	-10% $82	-5% $23	+0% $-37	+5% $-96	+10% $-156
Rent	-10% $-165	-5% $-101	+0% $-37	+5% $27	+10% $91
Rate	-1.0pp $69	-0.5pp $17	base $-37	+0.5pp $-91	+1.0pp $-146

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1517 Slash Pine Ct Orange Park, FL	3.0	2.0	1313	$1,845	$1.41	5d	1	0.83mi
401 Loring Ave Orange Park, FL	1.0–2.0	1.0–2.0	850	$1,050	$1.24	24d	1	1.07mi
474 Newport Dr Orange Park, FL	2.0	2.0	1185	$1,350	$1.14	15d	1	1.14mi
741 Park Ave Orange Park, FL	1.0–2.0	1.0–2.0	850	$1,350	$1.59	13d	5	1.20mi
1455 Beecher Ln Orange Park, FL	3.0	2.0	1618	$2,220	$1.37	15d	1	1.20mi
606 Park Ave Orange Park, FL	1.0–3.0	1.0–2.0	1037	$1,349	$1.30	3d	5	1.20mi
330 Canoe Cir Orange Park, FL	3.0	2.0	1299	$1,950	$1.50	8d	1	1.34mi
495 Sigsbee Rd Orange Park, FL	3.0	2.0	1248	$1,675	$1.34	24d	1	1.37mi
351 Crossing Blvd Orange Park, FL	1.0–3.0	1.0–2.0	1218	$1,584	$1.30	2d	41	1.41mi
435 Sigsbee Rd Orange Park, FL	3.0	2.0	1469	$1,800	$1.23	24d	1	1.42mi
1747 Papaya Dr N Orange Park, FL	3.0	2.0	1273	$1,895	$1.49	8d	1	1.47mi

Listing history 18 events

1. 2026-04-17
   status Pending
2. 2026-04-12
   listed $210,000 Active
3. 2018-08-23
   soldstatus $135,000 Sold 481-char remark

   Show marketing remark (481 chars)

   Beautiful Key-West style homes in the heart of Orange Park, just minutes from Fleming Island, 2-95, NAS JAX and Blanding Blvd. Enter in from the porch to the main open spaced living area and kitchen. The kitchen features tile counters, tile flooring and new appliances. Hardwood floors line the downstairs. Upstairs the master bedroom features a very large walk in closet, with two additional closets. Come and check out this lovely home in an amazing location, it won't last long!

4. 2018-08-23
   soldstatus $135,000

   Show marketing remark (481 chars)

   Beautiful Key-West style homes in the heart of Orange Park, just minutes from Fleming Island, 2-95, NAS JAX and Blanding Blvd. Enter in from the porch to the main open spaced living area and kitchen. The kitchen features tile counters, tile flooring and new appliances. Hardwood floors line the downstairs. Upstairs the master bedroom features a very large walk in closet, with two additional closets. Come and check out this lovely home in an amazing location, it won't last long!

5. 2018-08-15
   status Pending 481-char remark

   Show marketing remark (481 chars)

   Beautiful Key-West style homes in the heart of Orange Park, just minutes from Fleming Island, 2-95, NAS JAX and Blanding Blvd. Enter in from the porch to the main open spaced living area and kitchen. The kitchen features tile counters, tile flooring and new appliances. Hardwood floors line the downstairs. Upstairs the master bedroom features a very large walk in closet, with two additional closets. Come and check out this lovely home in an amazing location, it won't last long!

6. 2018-07-17
   historical Active - Contingent 481-char remark

   Show marketing remark (481 chars)

   Beautiful Key-West style homes in the heart of Orange Park, just minutes from Fleming Island, 2-95, NAS JAX and Blanding Blvd. Enter in from the porch to the main open spaced living area and kitchen. The kitchen features tile counters, tile flooring and new appliances. Hardwood floors line the downstairs. Upstairs the master bedroom features a very large walk in closet, with two additional closets. Come and check out this lovely home in an amazing location, it won't last long!

7. 2018-07-12
   listed $139,000 Active 481-char remark

   Show marketing remark (481 chars)

   Beautiful Key-West style homes in the heart of Orange Park, just minutes from Fleming Island, 2-95, NAS JAX and Blanding Blvd. Enter in from the porch to the main open spaced living area and kitchen. The kitchen features tile counters, tile flooring and new appliances. Hardwood floors line the downstairs. Upstairs the master bedroom features a very large walk in closet, with two additional closets. Come and check out this lovely home in an amazing location, it won't last long!

8. 2018-07-09
   listed $139,000 Active 484-char remark

   Show marketing remark (484 chars)

   Beautiful Key-West style homes in the heart of Orange Park, just minutes from Fleming Island, 2-95, NAS JAX and Blanding Blvd. Enter in from the porch to the main open spaced living area and kitchen. The kitchen features granite counters, tile flooring and new appliances. Hardwood floors line the downstairs. Upstairs the master bedroom features a very large walk in closet, with two additional closets. Come and check out this lovely home in an amazing location, it won't last long!

9. 2018-07-09
   historical 484-char remark

   Show marketing remark (484 chars)

   Beautiful Key-West style homes in the heart of Orange Park, just minutes from Fleming Island, 2-95, NAS JAX and Blanding Blvd. Enter in from the porch to the main open spaced living area and kitchen. The kitchen features granite counters, tile flooring and new appliances. Hardwood floors line the downstairs. Upstairs the master bedroom features a very large walk in closet, with two additional closets. Come and check out this lovely home in an amazing location, it won't last long!

10. 2016-09-23
    soldstatus $90,000 Sold
11. 2016-07-20
    status Pending
12. 2016-06-13
    listed $99,990 Active
13. 2016-06-13
    price $92,500
14. 2016-06-13
    price $99,900
15. 2014-04-16
    historical
16. 2013-09-24
    listed $73,000
17. 2007-04-09
    soldstatus $148,500
18. 2006-11-01
    listed $148,500

ⓘ 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: $1,543 · $129/mo
• Projected year-2 tax: $1,743 · $145/mo
• Expected delta: +$200/yr (+$17/mo · 13.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 10% 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 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,453
• − Mortgage interest: −$11,763
• − Property taxes: −$1,543
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,556
• − Management: −$1,556
• − Depreciation: −$6,109
• Taxable loss: −$4,125
• Est. tax savings @ 24.0%: +$990
• After-tax cash flow: $550/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: Clay
• NCES district ID: 1200300
• Math proficiency: 58% ▼ -8.00%
• Reading proficiency: 59% ▼ -3.00%
• Median HH income: $59,379
• Composite: 50.73/100
• National rank: #1815
• State rank: #14 of 73 in FL

Livability — Orange Park

• Score: 76/100
• State rank: #229
• US rank: #3608

Category grades

Amenities F Commute F Cost of living A+ Crime A- Employment B- Housing A+ Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Orange Park, FL
• County: Clay County · 208,450 people
• City population: 85,139
• Metro: Jacksonville, FL
• Population (ZIP): 43,561
• Household income: $76,455
• Rent vs Own: 37.1% rent · 62.9% own
• Severe rent burden: 1544.0

Population outlook (Clay County) Hauer SSP2

• Today (2025): 230,495 people
• By 2030: 242,427 · +5.2%
• By 2040: 262,244 · +13.8%
• By 2050: 275,148 · +19.4%
• By 2075: 295,397 · +28.2%
• By 2100: 287,592 · +24.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 60% Black 18% Hispanic / Latino 12% Two or more races 10% Asian 5%
• Hispanic origin (detail): Mexican 1% Puerto Rican 5% Cuban 2%
• Common ancestry: Slovak 4% Italian 2% Lithuanian 2%
• Foreign-born: 7% · Canada, Vietnam, Jamaica
• Languages at home: 88% English-only · Spanish 8% Tagalog/Filipino 1% French/Haitian/Cajun 1%

Political lean MEDSL · Clay

• 2024 margin: Solid R (+39.3) · D 29.9% · R 69.2%
• 2008→2024 swing: +3.6pp toward D · 2008: -42.8pp · 2024: -39.3pp
• All cycles: 2024: R+39.3 2020: R+37.1 2016: R+44.3 2012: R+45.8 2008: R+42.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -188.76%
• Current HPI: 289.8735
• Rent YoY: ▼ -0.87%
• 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

+41.4% since first listed

18 events — show timeline

• 2026-04-17 Pending — realMLS
• 2026-04-12 Listed $210,000 realMLS
• 2018-08-23 Sold (Public Records) $135,000 Public Records
• 2018-08-23 Sold (MLS) $135,000 realMLS
• 2018-08-15 Pending — realMLS
• 2018-07-17 Contingent — realMLS
• 2018-07-12 Listed $139,000 realMLS
• 2018-07-09 Listing Removed — realMLS
• 2018-07-09 Listed $139,000 realMLS
• 2016-09-23 Sold (MLS) $90,000 realMLS
• 2016-07-20 Pending — realMLS
• 2016-06-13 Listed $99,990 realMLS
• 2016-06-13 Price Changed $99,900 realMLS
• 2016-06-13 Price Changed $92,500 realMLS
• 2014-04-16 Listing Removed — realMLS
• 2013-09-24 Listed $73,000 realMLS
• 2007-04-09 Sold (MLS) $148,500 realMLS
• 2006-11-01 Listed $148,500 realMLS

Property tax history

-1.3%/yr

Latest (2025): $1,543 · +6.0% YoY. Source: county tax records.