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Archived over 3 years ago

$824,900

5+ bd 4+ ba 2406 sqft

220 Key Largo, Pensacola, FL 32507

Residential SFR Needs Repairs

Current Rent **

N/A

Projected Rent **

$10,000+

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Beach house needs Rehab across From Florabama!

This beach house is across the street from Florabama, a highly desired tourist venue that requires driving unless you stay within walking distance.   The HOA has no rent restrictions and the house comes with access to 1 boat slip on the HOA dock.  House was ripped up by Hurricane Sally in 2020 and vacant since.  Owner had a contractor repair 90% of the exterior.   Interior is mostly gutted and needs redone.   

Location:

220 Key Largo, 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.