514 Fitzgerald St · West Pensacola, FL 32505

$153,500

3 bd · 1.0 ba · 984 sqft · SingleFamily public records · 36 Days on market

Built 1942 7,405 sqft lot Est $134k · 15% over

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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).

• Cash flow +19.7/30.0
• DSCR +6.2/10.0
• 1% rule +4.3/10.0
• Rent growth +3.7/5.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• ARV discount +0.9/15.0
• Appreciation +0.0/10.0

Listing remarks

Charming coastal cottage, ready for you to move in! Welcome to your beautifully refreshed beach inspired retreat in West Pensacola. This 3 bedroom, 2 bath home combines comfort, style and convenience in one inviting package. Step inside to discover a bright, airy interior featuring a fresh boho inspired design and fresh paint throughout creating a relaxed coastal cottage feel. With no carpet anywhere, the home offers easy maintenance and a clean modern look. The thoughtfully designed layout includes: a spacious primary suite with an ensuite full bathroom. Two additional bedrooms and a second nicely updated full bath. A well appointed kitchen, complete with refrigerator and electric stove, a

Key facts

• 7,405 sq ft lot
• Built 1942
• Listed 36 days

Property features AI

Finance

• Other: Located on a county-maintained road; Lot dimensions approx. 125 x 60 (0.17 acre); Directions: West on Jackson St, left on Fitzgerald St; home is on the left
• HOA & community: No association; If applicable, association fees billed annually

Exterior

• Parking: Driveway with open parking
• Utilities: Public water; Septic tank sewer; Circuit breakers and copper wiring for electric; Cable available
• Home design: Resale single-family home; One story; Not attached to another property; Homestead eligible
• Construction: Frame construction; Off-grade foundation; Shingle roof; Building area approx. 984
• Exterior features: Back yard with privacy fencing; Central access and interior lot

Interior

• Kitchen: Electric water heater
• Bedrooms: Master bedroom on the first floor (approx. 9 x 13); Second bedroom on the first floor (approx. 12.6 x 10); Third bedroom on the first floor (approx. 9 x 10)
• Flooring: Tile; Vinyl
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Central air; Ceiling fan(s) for additional cooling
• Interior features: Baseboards; Ceiling fan(s); Blinds on windows
• Laundry & utility: Inside laundry with washer/dryer hookups

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $154k.

Deal economics

• At list price, monthly cash flow is $181 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $143k (7.0% below list).
• Recommended offer: $143k (7.0% below list) — sets the bar for 1% rule.

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, schools F, amenities 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.
• Market conditions: Rents rising fast (+4.9%/yr); 198 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,479 units permitted in Escambia County in 2024 (0 in 5+ unit buildings).
• This rent runs 38% of the median local income ($45k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($149k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 9y 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.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $142,776 (7.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Built in 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.93% ✗
• Cap rate: 7.71%
• Cash-on-cash: 5.05%
• DSCR: 1.22
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $133,824
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
22 Gloucester Ave	0.07mi	4/1.0 (+1)	1,041 (+6%)	1mo	$125,000	$120	82
3766 Frontera Cir	0.23mi	3/1.0	1,011 (+3%)	8mo	$155,000	$153	78
14 Alice St	0.20mi	3/1.0	960 (-2%)	14mo	$115,000	$120	75
4130 W Jackson St	0.23mi	3/2.0	1,028 (+4%)	5mo	$140,000	$136	74
15 Gloucester Ave	0.02mi	3/1.0	900 (-8%)	15mo	$148,500	$165	72
124 Alice St	0.33mi	3/1.0	1,040 (+6%)	12mo	$105,000	$101	65
24 Gloucester Ave	0.08mi	3/2.0	1,108 (+13%)	15mo	$139,900	$126	59
1005 Grandview St	0.59mi	4/1.0 (+1)	1,009 (+2%)	6mo	$143,000	$142	58
220 Shadowlawn Ln	0.53mi	3/1.0	1,025 (+4%)	14mo	$204,000	$199	57
207 Alton Rd	0.47mi	3/1.0	1,100 (+12%)	3mo	$210,000	$191	56
3305 W La Rua St	0.55mi	3/1.0	921 (-6%)	9mo	$55,000	$60	56
306 Frisco Rd	0.73mi	3/1.0	888 (-10%)	9mo	$68,500	$77	42

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: -6.5%
• Equity multiple: 0.75×
• Total profit: $-10,602
• Equity at exit: $22,887

10-year hold

• IRR: 5.1%
• Equity multiple: 1.40×
• Total profit: $17,388
• Equity at exit: $13,272

Cash invested: $42,980 (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 32505

• Home prices YoY: -26.5%
• Rents YoY: 4.9%
• Active inventory: 198
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,428 high
• Mortgage (P&I): −$805
• Tax from tax record: −$78 /mo · $940/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $181

Break-even live

Break-even rent $1,199

Max offer price $153,500

Occupancy floor 82%

Sensitivity live

Price	-10% $268	-5% $224	+0% $181	+5% $137	+10% $94
Rent	-10% $68	-5% $124	+0% $181	+5% $237	+10% $293
Rate	-1.0pp $258	-0.5pp $220	base $181	+0.5pp $141	+1.0pp $100

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: $38,375
• Closing costs: $4,605
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3740 Frontera Cir Pensacola, FL	3.0	1.0	1024	$1,295	$1.26	24d	1	0.27mi
419 N Wentworth St Pensacola, FL	2.0	1.0	1100	$1,195	$1.09	24d	1	0.54mi
1218 N Kirk St Pensacola, FL	2.0	1.0	850	$1,150	$1.35	24d	1	0.65mi
190 N Old Corry Field Rd Pensacola, FL	1.0–2.0	1.0–2.0	915	$1,174	$1.28	14d	3	0.74mi
4519 Martha Ave Pensacola, FL	3.0	1.0	1104	$1,600	$1.45	24d	1	0.82mi
3202 W Lee St Pensacola, FL	2.0	1.0	680	$995	$1.46	14d	1	0.92mi
3206 W Lee St Unit A Pensacola, FL	2.0	1.0	800	$1,550	$1.94	14d	1	0.93mi
4600 Twin Oaks Dr Pensacola, FL	1.0–2.0	1.0	838	$1,499	$1.79	14d	29	1.02mi
406 N S St Pensacola, FL	2.0	1.0	806	$1,295	$1.61	24d	1	1.15mi
101 Vanderbilt Rd Pensacola, FL	3.0	2.0	1104	$1,850	$1.68	21d	1	1.31mi
316 Teakwood Cir Pensacola, FL	2.0	1.5	1024	$1,350	$1.32	14d	1	1.35mi
2303 W Brainerd St Pensacola, FL	2.0	1.0	955	$1,100	$1.15	24d	1	1.35mi
5501 Mayfair Dr Pensacola, FL	3.0	1.0	912	$1,295	$1.42	24d	1	1.38mi
5 Elegans Ave Pensacola, FL	2.0	1.0	788	$1,195	$1.52	24d	1	1.48mi

Listing history 30 events

1. 2026-06-07
   statusdays on market $153,500 Pending 36 DOM
2. 2026-06-03
   days on market $153,500 Contingent 34 DOM
3. 2026-06-02
   days on market $153,500 Contingent 33 DOM
4. 2026-06-01
   days on market $153,500 Contingent 32 DOM
5. 2026-05-31
   days on market $153,500 Contingent 31 DOM
6. 2026-05-31
   days on market $153,500 Contingent 30 DOM
7. 2026-05-11
   historical Contingent
8. 2026-04-30
   listed $153,500 Active
9. 2024-05-18
   historical
10. 2024-05-01
    listed $147,000 Active
11. 2024-01-16
    historical
12. 2024-01-08
    listed $152,500 Active
13. 2022-11-07
    soldstatus $142,000
14. 2022-11-01
    status Pending
15. 2022-10-28
    soldstatus $142,000 Sold
16. 2022-09-10
    historical Contingent
17. 2022-09-09
    status Active
18. 2022-09-08
    historical
19. 2022-09-07
    historical Contingent
20. 2022-09-03
    status Active
21. 2022-09-03
    price $145,000
22. 2022-07-30
    historical
23. 2022-07-06
    historical Contingent
24. 2022-07-03
    listed $130,000 Active
25. 2018-04-13
    soldstatus $57,900
26. 2018-02-05
    listed $59,900
27. 2017-09-27
    historical
28. 2017-02-19
    listed $56,700
29. 2016-11-03
    soldstatus $52,100
30. 1992-09-01
    soldstatus $17,000

ⓘ 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: $940 · $78/mo
• Projected year-2 tax: $1,274 · $106/mo
• Expected delta: +$334/yr (+$28/mo · 35.6%)

ⓘ 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 6 d/yr ≥105°F today · 19 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

Taxation est. · year 1

• Rental income: $17,133
• − Mortgage interest: −$8,598
• − Property taxes: −$940
• − Insurance: −$768
• − Repairs & maintenance: −$1,371
• − Management: −$1,371
• − Depreciation: −$4,465
• Taxable loss: −$379
• Est. tax savings @ 24.0%: +$91
• After-tax cash flow: $2,259/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: 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

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 · 301,722 people
• City population: 27,543
• 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: 1458.0

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: —

Market trends

• HPI YoY: ▼ -74.10%
• Current HPI: 205.45
• Rent YoY: ▲ 4.92%
• Metro: Pensacola-Ferry Pass-Brent, 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

+802.9% since first listed

24 events — show timeline

• 2026-05-11 Contingent — PARMLS
• 2026-04-30 Listed $153,500 PARMLS
• 2024-05-18 Listing Removed — PARMLS
• 2024-05-01 Listed $147,000 PARMLS
• 2024-01-16 Listing Removed — PARMLS
• 2024-01-08 Listed $152,500 PARMLS
• 2022-11-07 Sold (Public Records) $142,000 Public Records
• 2022-11-01 Pending — PARMLS
• 2022-10-28 Sold (MLS) $142,000 PARMLS
• 2022-09-10 Contingent — PARMLS
• 2022-09-09 Relisted — PARMLS
• 2022-09-08 Listing Removed — PARMLS
• 2022-09-07 Contingent — PARMLS
• 2022-09-03 Relisted — PARMLS
• 2022-09-03 Price Changed $145,000 PARMLS
• 2022-07-30 Listing Removed — PARMLS
• 2022-07-06 Contingent — PARMLS
• 2022-07-03 Listed $130,000 PARMLS
• 2018-04-13 Sold (MLS) $57,900 PARMLS
• 2018-02-05 Listed $59,900 PARMLS
• 2017-09-27 Listing Removed — PARMLS
• 2017-02-19 Listed $56,700 PARMLS
• 2016-11-03 Sold (Public Records) $52,100 Public Records
• 1992-09-01 Sold (Public Records) $17,000 Public Records

Property tax history

+5.1%/yr

Latest (2025): $940 · +21.3% YoY. Source: county tax records.