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504 New York Dr
B+ Composite 76.58
Why this score? — see what drove the B+ 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).

  • Cash flow +30.0/30.0
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Rent growth +3.7/5.0
  • Livability +3.3/5.0
  • Schools +2.3/10.0
  • Condition / age +2.2/5.0
  • Appreciation +0.0/10.0

$85,000

504 New York Dr · West Pensacola, FL 32505
2 bd · 1.0 ba · 968 sqft · SingleFamily public records · 146 Days on market
Built 1960 Fair condition 6,098 sqft lot $88/sqft · 31% below area Est $124k · 31% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

2-bedroom, 1-bath home in a highly convenient location—just 2 minutes from Lowe’s and Walmart, 5 minutes to Asian grocery stores, and only 10 minutes to downtown Pensacola. This home features an upgraded kitchen and bathroom, AC replacement 2025, and is connected to public sewer. Comfortable, move-in ready, and close to everything you need!

Key facts

  • Upgraded bathroom
  • Public sewer
  • Upgraded kitchen

Tags

UPGRADED KITCHENUPGRADED BATHROOMPUBLIC SEWERCONVENIENT LOCATION

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/1.0-bath single-family listed at $85k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $554 ($7k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $85k).
  • Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
  • Cap rate 14.1% vs local median 7.5% in West Pensacola — 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 66/100 on livability (#629 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B+; Watch: crime D, amenities F, commute F.
  • Escambia (suburban): math 40% / reading 45% proficiency, ranked #56 of 73 in FL (top 77%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Oakcrest Elementary School (math 32% / reading 15%, grade F, #2,061 of 2,144 statewide, top 96%, 491 students, 75% FRL); Warrington Middle School (math 19% / reading 24%, grade F, #553 of 571 statewide, top 97%, 573 students, 87% FRL); Escambia High School (math 19% / reading 29%, grade F, #529 of 667 statewide, top 80%, 1,655 students, 62% FRL) — zoned schools average 75% FRL vs 58% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Zoned-school proficiency averages 23% at this address vs 42% district-wide (-20 pts) — the specific schools serving this property underperform the Escambia average; the district grade overstates school quality for this exact location.
  • Market conditions: Rents rising fast (+4.9%/yr); 284 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals lingering (median 110d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 72% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,479 units permitted in Escambia County in 2024 (0 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $588 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
  • Escambia County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
  • At projected returns (-3.0% appreciation + 4.9% rent growth), your $24k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 146 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts since 20y ago; this cycle's ask has dropped $13k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $19k; list at $85k implies a 347% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $74,800 (12.0% below list)

Questions for the listing agent

  1. It's been on market 146 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  3. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  7. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  8. 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.
  9. 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.
  10. 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
1.67%
Cap rate
14.11%
Cash-on-cash
27.93%
DSCR
2.24
GRM
5.0

CMA / ARV

ARV (median comp)
$123,950
List price
$85,000
Delta
-31.42%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
603 New York Dr 0.06mi 3/1.0 (+1) 964 (-0%) 6mo $125,000 $130 87
205 Topaz Ave 0.40mi 3/1.0 (+1) 1,012 (+4%) 1mo $40,000 $40 68
202 Emerald Ave 0.31mi 3/1.5 (+1) 1,012 (+4%) 9mo $137,500 $136 64
1101 Desmonde Dr 0.49mi 3/1.0 (+1) 1,026 (+6%) 2mo $85,000 $83 60
84 S Garfield Dr 0.58mi 3/1.0 (+1) 948 (-2%) 7mo $80,000 $84 58
219 Mckinley Dr 0.52mi 3/1.0 (+1) 1,025 (+6%) 4mo $160,000 $156 57
98 S Madison Dr 0.64mi 3/1.0 (+1) 933 (-4%) 3mo $167,000 $179 57
95 Garfield Dr 0.63mi 3/1.0 (+1) 920 (-5%) 1mo $100,000 $109 57
210 Edison Dr 0.58mi 3/1.0 (+1) 900 (-7%) 2mo $165,000 $183 54
1020 E Madison Dr 0.36mi 3/2.0 (+1) 1,042 (+8%) 9mo $175,000 $168 54
50 Pen Haven Dr 0.73mi 3/1.0 (+1) 904 (-7%) 9mo $85,000 $94 42
101 Vanderbilt Rd 0.72mi 3/2.0 (+1) 1,104 (+14%) 1mo $176,000 $159 33

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 · 4.92% rent growth · sell at horizon

5-year hold
IRR
24.2%
Equity multiple
2.02×
Total profit
$24,313
Equity at exit
$12,674
10-year hold
IRR
33.2%
Equity multiple
4.30×
Total profit
$78,554
Equity at exit
$7,349

Cash invested: $23,800 (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.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
15 active · 18 under contract
Months of supply
5.0 mo (20%/mo absorbed)
Median asking
$129,900 ($130/sqft)
Median days on market
117 d
This list price
13% of active listings are priced below it
ARV vs active asking
-1.5% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 32505

Home prices YoY
-26.5%
Rents YoY
4.9%
Active inventory
284
Price-to-rent
5.0×

Monthly cashflow live

Estimated rent
$1,418 high interval (Pro) →
Mortgage (P&I)
$446
Tax from tax record
$85 /mo · $1,018/yr
Insurance
$35
HOA
$0
Vacancy / Maint / Mgmt
$298
Net cashflow
$554

Break-even live

Break-even rent $716
Max offer price $85,000
Occupancy floor 56%

Sensitivity live

Price -10% $602 -5% $578 +0% $554 +5% $530 +10% $506
Rent -10% $442 -5% $498 +0% $554 +5% $610 +10% $666
Rate -1.0pp $597 -0.5pp $576 base $554 +0.5pp $532 +1.0pp $510

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
$21,250
Closing costs
$2,550
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 18 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
835 S Madison Dr Pensacola, FL 3.0 1.0 1014 $1,600 $1.58 61d 1 0.12mi
2 Nevada Cir Pensacola, FL 3.0 1.0 968 $1,225 $1.27 61d 1 0.16mi
101 Vanderbilt Rd Pensacola, FL 3.0 2.0 1104 $1,850 $1.68 116d 1 0.73mi
3417 W Fisher St Unit C Pensacola, FL 3.0 2.0 1106 $1,350 $1.22 119d 1 0.88mi
455 Stara Cir Unit D Pensacola, FL 2.0 2.0 962 $1,100 $1.14 6d 1 0.92mi
3216 Two Sisters Way Pensacola, FL 3.0 2.0 1117 $1,700 $1.52 119d 1 0.94mi
331 Emory Dr Pensacola, FL 3.0 1.5 1012 $1,295 $1.28 6d 1 0.97mi
4519 Martha Ave Pensacola, FL 3.0 1.0 1104 $1,600 $1.45 119d 1 1.15mi
1218 N Kirk St Pensacola, FL 2.0 1.0 850 $1,095 $1.29 61d 1 1.17mi
3206 W Lee St Unit A Pensacola, FL 2.0 1.0 800 $1,550 $1.94 109d 1 1.24mi
3202 W Lee St Pensacola, FL 2.0 1.0 680 $995 $1.46 109d 1 1.27mi
5020 Lillian Hwy Unit B Pensacola, FL 1.0 1.0 875 $875 $1.00 61d 1 1.29mi
2702 Massachusetts Ave Pensacola, FL 1.0–3.0 1.0–2.5 1150 $1,545 $1.34 4d 6 1.32mi
4106 W Jackson St Pensacola, FL 3.0 2.0 924 $1,200 $1.30 6d 1 1.39mi
1 Keys Ct Pensacola, FL 2.0 1.0 976 $1,395 $1.43 6d 1 1.43mi
918 Montclair Rd Pensacola, FL 3.0 1.0 1012 $1,500 $1.48 109d 1 1.44mi
5207 Charbar Dr Unit B Pensacola, FL 2.0 1.0 850 $1,050 $1.24 119d 1 1.45mi
2303 W Michigan Ave Unit A6 Pensacola, FL 2.0 2.0 1014 $1,300 $1.28 119d 1 1.45mi

Property features AI

Finance

HOA & community
No homeowners association

Exterior

Parking
Four total parking spacesTwo spaces per unit
Utilities
Public sewerCopper wiring for electricCounty-maintained road access
Home design
Single-story brick homeResale propertyNot attached to another propertyLocated on a 0.14-acre lot
Construction
Brick constructionSlab foundationOne level
Exterior features
Shingle roofCentral access lot

Interior

Kitchen
Kitchen on the first floorKitchen not updated
Bedrooms
Master bedroom on the first floorAdditional bedroom on the first floor
Flooring
Tile
Bathrooms
One full bathroom with updated features including a standing shower and sink (updated within last year)
Heating & cooling
Central heatingCentral airCeiling fans
Interior features
Bonus room
Laundry & utility
Electric water heater

Listing history 50 events

  1. 2026-09-23
    days on market $85,000 Active 146 DOM
  2. 2026-09-22
    days on market $85,000 Active 145 DOM
  3. 2026-09-21
    days on market $85,000 Active 144 DOM
  4. 2026-09-20
    days on market $85,000 Active 143 DOM
  5. 2026-09-19
    days on market $85,000 Active 142 DOM
  6. 2026-09-18
    days on market $85,000 Active 141 DOM
  7. 2026-09-17
    days on market $85,000 Active 140 DOM
  8. 2026-09-16
    days on market $85,000 Active 139 DOM
  9. 2026-09-15
    days on market $85,000 Active 138 DOM
  10. 2026-09-14
    days on market $85,000 Active 137 DOM
  11. 2026-09-13
    days on market $85,000 Active 136 DOM
  12. 2026-09-12
    days on market $85,000 Active 135 DOM
  13. 2026-09-11
    days on market $85,000 Active 134 DOM
  14. 2026-09-05
    days on market $85,000 Active 128 DOM
  15. 2026-09-04
    days on market $85,000 Active 127 DOM
  16. 2026-09-03
    days on market $85,000 Active 126 DOM
  17. 2026-08-31
    days on market $85,000 Active 123 DOM
  18. 2026-08-30
    days on market $85,000 Active 122 DOM
  19. 2026-08-29
    days on market $85,000 Active 121 DOM
  20. 2026-08-28
    days on market $85,000 Active 120 DOM
  21. 2026-08-27
    days on market $85,000 Active 119 DOM
  22. 2026-08-26
    days on market $85,000 Active 118 DOM
  23. 2026-08-25
    days on market $85,000 Active 117 DOM
  24. 2026-08-24
    days on market $85,000 Active 116 DOM
  25. 2026-08-23
    days on market $85,000 Active 115 DOM
  26. 2026-08-22
    days on market $85,000 Active 114 DOM
  27. 2026-08-21
    days on market $85,000 Active 113 DOM
  28. 2026-08-20
    days on market $85,000 Active 112 DOM
  29. 2026-08-19
    days on market $85,000 Active 111 DOM
  30. 2026-08-18
    days on market $85,000 Active 110 DOM
  31. 2026-08-17
    days on market $85,000 Active 109 DOM
  32. 2026-08-16
    days on market $85,000 Active 108 DOM
  33. 2026-08-15
    days on market $85,000 Active 107 DOM
  34. 2026-08-14
    days on market $85,000 Active 106 DOM
  35. 2026-08-13
    days on market $85,000 Active 105 DOM
  36. 2026-08-12
    days on market $85,000 Active 104 DOM
  37. 2026-08-11
    days on market $85,000 Active 103 DOM
  38. 2026-08-10
    days on market $85,000 Active 102 DOM
  39. 2026-08-09
    days on market $85,000 Active 101 DOM
  40. 2026-08-08
    days on market $85,000 Active 100 DOM
  41. 2026-08-07
    days on market $85,000 Active 99 DOM
  42. 2026-08-06
    days on market $85,000 Active 98 DOM
  43. 2026-08-05
    days on market $85,000 Active 97 DOM
  44. 2026-08-04
    days on market $85,000 Active 96 DOM
  45. 2026-08-03
    days on market $85,000 Active 95 DOM
  46. 2026-07-31
    days on market $85,000 Active 92 DOM
  47. 2026-07-30
    days on market $85,000 Active 91 DOM
  48. 2026-07-29
    days on market $85,000 Active 90 DOM
  49. 2026-07-27
    days on market $85,000 Active 88 DOM
  50. 2026-07-25
    days on market $85,000 Active 86 DOM

ⓘ 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
$1,018 · $85/mo
Projected year-2 tax
$1,018 · $85/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 1/10 Low
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 23 d/yr by 30 yrs out
  • 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$17,013
− Mortgage interest
−$4,761
− Property taxes
−$1,018
− Insurance
−$425
− Repairs & maintenance
−$1,361
− Management
−$1,361
− Depreciation
−$2,473
Taxable income
$5,614
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,347
After-tax cash flow
$5,301/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.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $24,200–$43,560 screening

The home requires moderate repairs and maintenance to improve its condition and value. Painting, ceiling repair, flooring replacement, and window cleaning are among the highest-ROI updates that would significantly increase its resale and rental value.

Components & finishes AI

Flooring tile

Deferred maintenance Est. $60,000–$180,000 screening

  • Major Roof (roof) — No roof visible in photos
  • Major Hvac (hvac) — No HVAC unit visible in photos
  • Major Windows (windows) — No windows visible in photos
  • Major Electrical (electrical) — No electrical panel visible in photos
  • Major Plumbing (plumbing) — No plumbing fixtures visible in photos
  • Major Exterior (exterior) — No exterior walls or siding visible in photos

Repairs flagged

  • Minor Paint — Paint appears faded and uneven.
  • Minor Ceiling — Ceiling has minor cracks and discoloration.
  • Minor Flooring — Flooring has minor scratches and scuffs.
  • Minor Windows — Windows have minor stains and discoloration.
  • Minor Bathroom Fixtures — Bathroom fixtures show signs of wear and tear.
  • Minor Kitchen Fixtures — Kitchen fixtures show signs of wear and tear.

Value-add opportunities

  • Both Painting — Fresh paint can improve the home's appearance and value.
  • Both Ceiling Repair — Repairing cracks and discoloration can enhance the home's value.
  • Both Flooring Replacement — Replacing worn flooring can significantly improve the home's value.
  • Both Window Cleaning — Cleaning windows can make the home appear more appealing and increase its value.
  • Both Bathroom and Kitchen Fixtures Replacement — Replacing worn fixtures can improve the home's functionality and value.
  • Both Landscaping and Curb Appeal — A well-maintained yard and curb appeal can increase the home's value and attract potential buyers/tenants.

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 23/100

Zoned Schools

Elementary Oakcrest Elementary School F FL #2,061/2,144 Nat'l #31,549/41,679 Middle Warrington Middle School F FL #553/571 Nat'l #11,382/14,009 High Escambia High School F FL #529/667 Nat'l #13,437/17,239

Schools (NCES district)

District
Escambia
NCES district ID
1200510
Math proficiency
40% ▼ -9.00%
Reading proficiency
45% ▼ -4.00%
Median HH income
$44,649
Composite
36.04/100
National rank
#4773
State rank
#56 of 73 in FL
C Composite livability gradescore 66/100

Livability — West Pensacola

Score
66/100
State rank
#629
US rank
#12275

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
West Pensacola, FL
County
Escambia County · 334,637 people
Metro
Pensacola-Ferry Pass-Brent, FL
Population (ZIP)
27,877
Household income
$44,783
Rent vs Own
47.7% rent · 52.3% own
Severe rent burden
16% of renters

Population outlook (Escambia County) Hauer SSP2

Today (2025)
334,637 people
By 2030
345,779 · +3.3%
By 2040
364,828 · +9.0%
By 2050
378,514 · +13.1%
By 2075
403,220 · +20.5%
By 2100
386,125 · +15.4%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.66)
Race & ethnicity
Black 48% White 32% Hispanic / Latino 11% Two or more races 9% Asian 2%
Hispanic origin (detail)
Mexican 5% Cuban 2%
Common ancestry
Slovak 2% Italian 1% Serbian 1%
Foreign-born
9% · Canada, Vietnam
Languages at home
87% English-only · Spanish 9% Other Indo-European 1% Vietnamese 1%

Political lean MEDSL · Escambia

2024 margin
R (+19.5) · D 39.7% · R 59.2% · Other 1.1%
2008→2024 swing
-0.2pp no change · 2008: -19.3pp · 2024: -19.5pp
All cycles
2024: R+19.5 2020: R+15.1 2016: R+20.6 2012: R+20.6 2008: R+19.3

Not yet ingested

Civics

Price history

+584.6% since first listed
6 events — show timeline
  • 2026-05-18 Price Changed $89,000 PARMLS
  • 2026-04-30 Listed $98,000 PARMLS
  • 2006-07-03 Listing Removed PARMLS
  • 2006-01-02 Listed $59,900 PARMLS
  • 1996-10-02 Sold (Public Records) $19,000 Public Records
  • 1996-05-03 Sold (Public Records) $13,000 Public Records

Property tax history

+7.6%/yr

Latest (2025): $1,018 · +23.4% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…