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Archived over 1 year ago

$119,000

3 bd 2 ba 1395 sqft

29 Pen Haven Drive, Pensacola, FL 32506

Residential SFR Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

$1,625

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

SF for Rental or Flip

assignment for sale!!! SF Rental or FLip
Current 2/1 could easily be a 3/2 by converting extra den to master bedroom with Bathroom. Call/text Mike to schedule a walkthrough 850-607-3207
29 Pen Haven Drive Pensacola Fl 32506
1395 sqft
Carport and side porch
Foundation - Slab built 1953
Acres - .14
Flood zone - X (not a flood zone)
Roof - replaced in 2022 with permit
HVAC - needs replaced
Pipes - okay
Hot water tank - 2019
Wiring - Panel changed out with permit in 2022. Appears to be at least a few ungrounded wires with cloth sheathing
Repairs: Cosmetic - fixtures, paint, cabinets, flooring( I can sell you flooring for $2.09/sqft), a few windows, paint exterior, add bathroom with easy jump from washer and dryer room, add closet to den to convert to master bedroom
Purchase price - $100,000
Buy Now Price $105,000
ARV = $220,000- $240,000 -see comps in link
Rentomerter = $1,500-$1,800 ($1625 median) see rentometer report in link
Closing date - February 6th, 2024 or before
Pictures, comps here
https://drive.google.com/drive/folders/14GHqHYCvPlHqllRg-6ZO_h0d2DRMI-Uj?usp=sharing

Location:

29 Pen Haven Drive, Pensacola, FL 32506

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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.