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Archived about 2 years ago

$100,000

2 bd 1 ba

307 Chaseville Street, Pensacola, FL 32507

Residential SFR Occupied Needs Repairs Off MLS

Current Rent **

$750

Projected Rent **

$1,250

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

2/1 not much rehab needed

Turn Key rental or remove month to month tenant for easy flip. 2/1's are selling between 180-200k in perfect condition in this neighborhood. Needs roof, hot water tank, and subfloor to get to best condition. Everything else okay. Tenant on Month to month paying $750.
307 Chaseville Street Pensacola Fl 32507
2 bed
1 bath
970 sqft
Acres - .15
Single Family
Additional sheds on property - demo one
Flood Zone X (Not a flood zone)
off grade Foundation built in 1952
Roof - needs replaced
Electrical - copper - good
windows - vinyl - good
HVAC - replaced within 3 years
How water tank - Needs replaced due to age only
plumbing - upgraded to pex already
General Repairs - Paint, roof, hot water tank, subfloor repair in kitchen,(possible floor joist), lapy lvp in half house, trim, stainless steel appliance, demo shed
Purchase price - $90,000
Buy Now Price $95,000
Repairs 20-30k
ARV = $180,000- $200,000 -see comps in link
Close Date 3/29/24 - but I would prefer earlier
Pictures and comps here:

Pictures and comps here: copy link
https://drive.google.com/drive/folders/19lat-lML6hJT1YmRmDo4eUYlwFCSbq_Z

Location:

307 Chaseville Street, Pensacola, FL 32507

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.