507 W Sunset Ave · Warrington, FL 32507

$150,000

2 bd · 1.0 ba · 936 sqft · SingleFamily public records · 13 Days on market

Built 1945 8,712 sqft lot $160/sqft · 35% below area Est $229k · 35% under

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Why this score? — see what drove the C 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 +18.9/30.0
• ARV discount +15.0/15.0
• DSCR +5.9/10.0
• 1% rule +4.8/10.0
• Schools +3.6/10.0
• Livability +3.2/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

WONDERFULL ONE STORY, STARTER HOME OR INVESTMENT PROPERTY NESTLED IN NAVY POINT … 2 BEDROOM, 1 BATH, LIVING ROOM, EAT-IN-KITCHEN WITH BAY WINDOW - REFRIGERATOR STAYS, 4 YEAR OLD ROOF, LARGE LAUNDRY AND STORAGE AREA, COVERED DECK OFF THE KITCHEN AND TWO STORAGE SHEDS IN BACK YARD. LARGE FENCED LOT WITH REAR UTILITY ALLEY ACCESS. A BLOCK FROM BAYOU AND FISHING WITH PARK AND JOGGING TRACK, PICNIC AREA, MOMENTS FROM NAVAL AIR STATION MAIN GATE AND BEACH. AT THIS PRICE THIS IT’S A ONCE IN A LIFETIME OPPORTUNITY, SOME TLC NEEDED. MAKE THIS HOME YOUR OWN – SCHEDULE YOUR VISIT AS SOON AS POSSIBLE.

Key facts

• Fenced in backyard
• 8,712 sq ft lot
• Built 1945

Tags

• SCREENED IN BACK PORCH
• FENCED IN BACKYARD
• DEDICATED LAUNDRY ROOM

Property features AI

Finance

• Other: Lot approximately 0.2 acres; Building area about 936 square feet
• HOA & community: No association

Exterior

• Parking: On-street parking available; Open parking
• Utilities: Circuit breaker electrical service; Public sewer; Public water
• Home design: Single-story home; Detached (not attached to other properties); Resale property
• Construction: Frame construction; Off-grade foundation; Built as one level
• Exterior features: Gable roof; Public water; Paved, county-maintained road

Interior

• Kitchen: Kitchen on the first floor; Electric water heater
• Bedrooms: Master bedroom on the first floor, approximately 10 x 10
• Flooring: Simulated wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air; Ceiling fan(s)
• Interior features: Simulated wood flooring; Kitchen/dining combo

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $153 ($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 $147k (1.7% below list).
• Recommended offer: $147k (1.7% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 4.3% in Warrington — 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 65/100 on livability (#631 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, employment 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: Navy Point Elementary School (math 27% / reading 37%, grade F, #1,797 of 2,144 statewide, top 86%, 430 students, 66% FRL); Jim C. Bailey Middle School (math 38% / reading 39%, grade F, #384 of 571 statewide, top 68%, 1,159 students, 57% FRL); Pensacola High School (math 29% / reading 50%, grade F, #304 of 667 statewide, top 47%, 1,229 students, 55% FRL) — zoned schools at 59% FRL track the district average.
• Market conditions: Rents rising (+1.2%/yr); 701 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $1k of loan paydown is wiped out by about $4k 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

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 11y 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 1945 — expect roof / HVAC / electrical / plumbing capex.
• 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 $147,446 (1.7% below list)

Questions for the listing agent

1. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 0.98% ✗
• Cap rate: 7.51%
• Cash-on-cash: 4.36%
• DSCR: 1.19
• GRM: 8.5

CMA / ARV

• ARV (median comp): $229,110
• List price: $150,000
• Delta: -34.53%
• 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
614 W Sunset Ave	0.21mi	2/1.0	912 (-3%)	16mo	$190,000	$208	72
400 Sunset Ave	0.11mi	3/1.0 (+1)	1,028 (+10%)	9mo	$201,532	$196	66
112 Cousineau Rd	0.34mi	2/1.0	1,030 (+10%)	2mo	$270,000	$262	66
400 W Sunset Ave	0.22mi	3/1.0 (+1)	1,028 (+10%)	9mo	$201,532	$196	61
106 Payne Rd	0.42mi	2/1.0	1,041 (+11%)	3mo	$229,000	$220	60
604 W Sunset Ave	0.15mi	1/1.0 (-1)	1,016 (+8%)	18mo	$225,000	$221	58
1113 Paulding Ave	0.65mi	2/2.0	937 (+0%)	10mo	$187,990	$201	57
125 SE Kalash Rd	0.46mi	3/1.0 (+1)	998 (+7%)	10mo	$155,000	$155	54
310 Greve Rd	0.27mi	3/1.0 (+1)	1,058 (+13%)	8mo	$233,300	$221	54
714 Wingate St	0.51mi	2/1.0	1,024 (+9%)	9mo	$120,000	$117	53
2105 Grundy St	0.71mi	2/1.0	852 (-9%)	1mo	$210,000	$246	51
12 N Runyan St	0.73mi	3/2.0 (+1)	928 (-1%)	15mo	$190,000	$205	43

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 · 1.22% rent growth · sell at horizon

5-year hold

• IRR: -11.5%
• Equity multiple: 0.59×
• Total profit: $-17,172
• Equity at exit: $22,365

10-year hold

• IRR: -5.0%
• Equity multiple: 0.70×
• Total profit: $-12,679
• Equity at exit: $12,969

Cash invested: $42,000 (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 32507

• Home prices YoY: -4.6%
• Rents YoY: 1.2%
• Active inventory: 701
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,474 high
• Mortgage (P&I): −$787
• Tax from tax record: −$163 /mo · $1,957/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $153

Break-even live

Break-even rent $1,281

Max offer price $150,000

Occupancy floor 85%

Sensitivity live

Price	-10% $238	-5% $195	+0% $153	+5% $110	+10% $68
Rent	-10% $36	-5% $94	+0% $153	+5% $211	+10% $269
Rate	-1.0pp $228	-0.5pp $191	base $153	+0.5pp $114	+1.0pp $74

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
315 Flannan Rd Pensacola, FL	3.0	1.0	836	$1,745	$2.09	15d	1	0.10mi
718 Mills Ave Unit A Pensacola, FL	2.0	1.0	728	$1,200	$1.65	25d	1	0.11mi
204 Holmes Dr Unit B Pensacola, FL	1.0	1.0	525	$895	$1.70	15d	1	0.36mi
1036 Hawthorn Dr Unit B Pensacola, FL	2.0	1.0	650	$800	$1.23	25d	1	0.70mi
2 E Sunset Ave Unit 3 Pensacola, FL	2.0	1.0	806	$1,350	$1.67	25d	1	0.80mi
45 W Carver Dr Pensacola, FL	3.0	1.0	940	$1,325	$1.41	25d	1	0.86mi
1007 Winton Ave Unit B Pensacola, FL	2.0	1.0	810	$1,295	$1.60	25d	1	0.87mi
26 N Lincoln Rd Unit B Pensacola, FL	2.0	1.0	759	$1,050	$1.38	15d	1	0.88mi
7 Mindoro Cir Pensacola, FL	3.0	1.0	924	$1,395	$1.51	25d	1	0.92mi
99 S 3rd St Unit 3 Pensacola, FL	2.0	1.5	900	$1,259	$1.40	25d	1	0.98mi
509 Palomar Dr #1 Pensacola, FL	1.0	1.0	550	$1,150	$2.09	25d	1	1.07mi
405 E Palmetto Ave Pensacola, FL	2.0	1.0	900	$1,800	$2.00	25d	1	1.12mi
1120 S Old Corry Field Rd Pensacola, FL	3.0	1.0	1000	$1,295	$1.29	25d	1	1.26mi
346 Quigley Rd Pensacola, FL	3.0	2.0	1021	$1,500	$1.47	25d	1	1.43mi

Listing history 4 events

1. 2026-05-15
   listed $150,000 Active 265-char remark
2. 2015-08-28
   soldstatus $38,000 622-char remark

   Show marketing remark (622 chars)

   WONDERFULL ONE STORY, STARTER HOME OR INVESTMENT PROPERTY NESTLED IN NAVY POINT … 2 BEDROOM, 1 BATH, LIVING ROOM, EAT-IN-KITCHEN WITH BAY WINDOW - REFRIGERATOR STAYS, 4 YEAR OLD ROOF, LARGE LAUNDRY AND STORAGE AREA, COVERED DECK OFF THE KITCHEN AND TWO STORAGE SHEDS IN BACK YARD. LARGE FENCED LOT WITH REAR UTILITY ALLEY ACCESS. A BLOCK FROM BAYOU AND FISHING WITH PARK AND JOGGING TRACK, PICNIC AREA, MOMENTS FROM NAVAL AIR STATION MAIN GATE AND BEACH. AT THIS PRICE THIS IT’S A ONCE IN A LIFETIME OPPORTUNITY, SOME TLC NEEDED. MAKE THIS HOME YOUR OWN – SCHEDULE YOUR VISIT AS SOON AS POSSIBLE.

3. 2015-05-15
   listed $41,500 622-char remark

   Show marketing remark (622 chars)

   WONDERFULL ONE STORY, STARTER HOME OR INVESTMENT PROPERTY NESTLED IN NAVY POINT … 2 BEDROOM, 1 BATH, LIVING ROOM, EAT-IN-KITCHEN WITH BAY WINDOW - REFRIGERATOR STAYS, 4 YEAR OLD ROOF, LARGE LAUNDRY AND STORAGE AREA, COVERED DECK OFF THE KITCHEN AND TWO STORAGE SHEDS IN BACK YARD. LARGE FENCED LOT WITH REAR UTILITY ALLEY ACCESS. A BLOCK FROM BAYOU AND FISHING WITH PARK AND JOGGING TRACK, PICNIC AREA, MOMENTS FROM NAVAL AIR STATION MAIN GATE AND BEACH. AT THIS PRICE THIS IT’S A ONCE IN A LIFETIME OPPORTUNITY, SOME TLC NEEDED. MAKE THIS HOME YOUR OWN – SCHEDULE YOUR VISIT AS SOON AS POSSIBLE.

4. 1994-06-01
   soldstatus $30,000

ⓘ 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: $1,957 · $163/mo
• Projected year-2 tax: $1,957 · $163/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 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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

Taxation est. · year 1

• Rental income: $17,694
• − Mortgage interest: −$8,402
• − Property taxes: −$1,957
• − Insurance: −$750
• − Repairs & maintenance: −$1,415
• − Management: −$1,415
• − Depreciation: −$4,364
• Taxable loss: −$610
• Est. tax savings @ 24.0%: +$146
• After-tax cash flow: $1,978/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 — Warrington

• Score: 65/100
• State rank: #631
• US rank: #12396

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Warrington, FL
• County: Escambia County · 301,722 people
• Metro: Pensacola-Ferry Pass-Brent, FL
• Population (ZIP): 32,226
• Household income: $73,540
• Rent vs Own: 34.6% rent · 65.4% own
• Severe rent burden: 1175.0

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: Predominantly White (73%)
• Race & ethnicity: White 73% Black 10% Two or more races 10% Hispanic / Latino 7% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Slovak 3% Lithuanian 2% Romanian 2%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 4% Other Asian/Pacific 1% French/Haitian/Cajun 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: ▼ -26.23%
• Current HPI: 548.03
• Rent YoY: ▲ 1.22%
• 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

+366.7% since first listed

6 events — show timeline

• 2026-06-08 Sold (MLS) $140,000 PARMLS
• 2026-05-28 Pending — PARMLS
• 2026-05-15 Listed $150,000 PARMLS
• 2015-08-28 Sold (MLS) $38,000 PARMLS
• 2015-05-15 Listed $41,500 PARMLS
• 1994-06-01 Sold (Public Records) $30,000 Public Records

Property tax history

+17.7%/yr

Latest (2025): $1,957 · +30.7% YoY. Source: county tax records.