5901 Flaxman St · Myrtle Grove, FL 32506

$224,900

4 bd · 2.0 ba · 1,956 sqft · SingleFamily public records · 92 Days on market

Built 1965 0.32 ac lot $115/sqft · 8% below area Est $245k · 8% 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 +17.9/30.0
• ARV discount +11.3/15.0
• DSCR +5.6/10.0
• 1% rule +4.2/10.0
• Schools +3.6/10.0
• Rent growth +3.5/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

An Amazing Use of Space and Great Home for a Large Family. This Brick Home at Almost 2,000sf Offers Endless Possibilities. 3 Bedrooms and 2 Bathrooms are on One Side of the Home; the 4th Bedroom and ½ Bathroom are on the Opposite Side. Home Also Offers Two Living Areas and a Formal Dining Room. The Front Living Room Has a Wood burning Fireplace and a Double Door Entrance to Close Off for Privacy. The Kitchen Has Stainless Appliances; Real Wood Cabinets; a Breakfast Bar; and is Open to the 2nd Living Room and Formal Dining Room. Home Was Totally Renovated. Roof is 2023, Water Heater is 2021, and HV/AC is 2024. Home is Move-in Ready! The Exterior Offers Large Corner Lot; Chain-link Backyard; Large Screen Porch; Laundry Room; 1 Car Garage; and a 1 Car Carport. A Must See!

Key facts

• Double door entrance
• Stainless appliances
• Real wood cabinets

Tags

• BRICK HOME
• WOOD BURNING FIREPLACE
• DOUBLE DOOR ENTRANCE
• STAINLESS APPLIANCES
• REAL WOOD CABINETS
• BREAKFAST BAR

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $188 ($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 $207k (8.2% below list).
• Recommended offer: $205k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 5.1% in Myrtle Grove — 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 64/100 on livability (#701 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B+; Watch: schools 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.
• Market conditions: Rents rising (+3.9%/yr); 270 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 1,479 units permitted in Escambia County in 2024 (0 in 5+ unit buildings).
• This rent runs 40% of the median local income ($62k/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 $2k of loan paydown is wiped out by about $7k 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 92 days — a 9% lower offer ($205k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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

• 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 $204,659 (9.0% below list)

Questions for the listing agent

1. It's been on market 92 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.92% ✗
• Cap rate: 7.30%
• Cash-on-cash: 3.59%
• DSCR: 1.16
• GRM: 9.1

CMA / ARV

• ARV (median comp): $245,440
• List price: $224,900
• Delta: -8.37%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14 Nottingham Way	0.59mi	3/2.0 (-1)	1,975 (+1%)	0mo	$266,000	$135	66
1700 Brenda Ave	0.43mi	3/2.0 (-1)	1,936 (-1%)	11mo	$265,000	$137	64
6869 Devonshire Cir	0.58mi	3/2.0 (-1)	1,946 (-0%)	6mo	$130,000	$67	62
6854 Stonehenge Cir	0.56mi	4/2.5	1,976 (+1%)	13mo	$329,000	$166	60
27 Linda St	0.66mi	3/2.0 (-1)	1,952 (-0%)	7mo	$127,000	$65	58
5015 Lillian Hwy	0.50mi	3/2.0 (-1)	2,123 (+8%)	3mo	$290,000	$137	55
801 N 57th Ave	0.61mi	5/2.0 (+1)	1,857 (-5%)	5mo	$139,900	$75	54
7002 Lindskog St	0.72mi	4/3.0	1,903 (-3%)	8mo	$270,000	$142	51
12 Western Dr	0.68mi	4/2.0	1,826 (-7%)	10mo	$234,900	$129	49
625 Edgecliff Dr	0.72mi	3/3.0 (-1)	2,065 (+6%)	2mo	$230,000	$111	46
34 Adkinson Dr	0.52mi	5/2.5 (+1)	2,073 (+6%)	17mo	$246,000	$119	44
6605 Lillian Hwy	0.63mi	3/2.0 (-1)	2,240 (+14%)	10mo	$269,000	$120	34

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 · 3.85% rent growth · sell at horizon

5-year hold

• IRR: -9.8%
• Equity multiple: 0.64×
• Total profit: $-22,708
• Equity at exit: $33,533

10-year hold

• IRR: 0.6%
• Equity multiple: 1.05×
• Total profit: $2,954
• Equity at exit: $19,445

Cash invested: $62,972 (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 32506

• Home prices YoY: -22.5%
• Rents YoY: 3.9%
• Active inventory: 270
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,066 high
• Mortgage (P&I): −$1,179
• Tax from tax record: −$170 /mo · $2,045/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$434
• Net cashflow: $188

Break-even live

Break-even rent $1,827

Max offer price $224,900

Occupancy floor 86%

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: $56,225
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11 Gunn Cir Pensacola, FL	4.0	2.5	1894	$2,400	$1.27	13d	1	1.30mi
5705 Admiral Doyle Rd Pensacola, FL	4.0	3.0	1988	$2,200	$1.11	23d	1	1.37mi
3230 Palmdale Ave Pensacola, FL	3.0	2.0	1300	$1,500	$1.15	23d	1	1.37mi
221 Edison Dr Pensacola, FL	3.0	1.0	1500	$1,598	$1.07	23d	1	1.40mi
6700 Lake Charlene Dr Pensacola, FL	4.0	2.5	1823	$2,100	$1.15	23d	1	1.44mi
2702 Massachusetts Ave Pensacola, FL	1.0–3.0	1.0–2.5	1150	$1,745	$1.52	13d	9	1.46mi
231 S 69th Ave Pensacola, FL	4.0	3.0	2039	$1,925	$0.94	23d	1	1.48mi

Listing history 26 events

1. 2026-06-18
   days on market $224,900 Active 92 DOM
2. 2026-06-17
   days on market $224,900 Active 91 DOM
3. 2026-06-16
   days on market $224,900 Active 90 DOM
4. 2026-06-15
   days on market $224,900 Active 89 DOM
5. 2026-06-14
   days on market $224,900 Active 87 DOM
6. 2026-06-10
   days on market $224,900 Active 84 DOM
7. 2026-06-09
   days on market $224,900 Active 83 DOM
8. 2026-06-08
   days on market $224,900 Active 82 DOM
9. 2026-06-07
   days on market $224,900 Active 81 DOM
10. 2026-06-03
    days on market $224,900 Active 77 DOM
11. 2026-06-02
    days on market $224,900 Active 76 DOM
12. 2026-06-01
    days on market $224,900 Active 75 DOM
13. 2026-05-31
    days on market $224,900 Active 74 DOM
14. 2026-05-31
    days on market $224,900 Active 73 DOM
15. 2026-05-17
    price $224,900 786-char remark

    Show marketing remark (786 chars)

    An Amazing Use of Space and Great Home for a Large Family. This Brick Home at Almost 2,000sf Offers Endless Possibilities. 3 Bedrooms and 2 Bathrooms are on One Side of the Home; the 4th Bedroom and ½ Bathroom are on the Opposite Side. Home Also Offers Two Living Areas and a Formal Dining Room. The Front Living Room Has a Wood burning Fireplace and a Double Door Entrance to Close Off for Privacy. The Kitchen Has Stainless Appliances; Real Wood Cabinets; a Breakfast Bar; and is Open to the 2nd Living Room and Formal Dining Room. Home Was Totally Renovated. Roof is 2023, Water Heater is 2021, and HV/AC is 2024. Home is Move-in Ready! The Exterior Offers Large Corner Lot; Chain-link Backyard; Large Screen Porch; Laundry Room; 1 Car Garage; and a 1 Car Carport. A Must See!

16. 2026-05-09
    price $229,900 786-char remark

    Show marketing remark (786 chars)

    An Amazing Use of Space and Great Home for a Large Family. This Brick Home at Almost 2,000sf Offers Endless Possibilities. 3 Bedrooms and 2 Bathrooms are on One Side of the Home; the 4th Bedroom and ½ Bathroom are on the Opposite Side. Home Also Offers Two Living Areas and a Formal Dining Room. The Front Living Room Has a Wood burning Fireplace and a Double Door Entrance to Close Off for Privacy. The Kitchen Has Stainless Appliances; Real Wood Cabinets; a Breakfast Bar; and is Open to the 2nd Living Room and Formal Dining Room. Home Was Totally Renovated. Roof is 2023, Water Heater is 2021, and HV/AC is 2024. Home is Move-in Ready! The Exterior Offers Large Corner Lot; Chain-link Backyard; Large Screen Porch; Laundry Room; 1 Car Garage; and a 1 Car Carport. A Must See!

17. 2026-03-18
    listed $234,900 Active 786-char remark

    Show marketing remark (786 chars)

    An Amazing Use of Space and Great Home for a Large Family. This Brick Home at Almost 2,000sf Offers Endless Possibilities. 3 Bedrooms and 2 Bathrooms are on One Side of the Home; the 4th Bedroom and ½ Bathroom are on the Opposite Side. Home Also Offers Two Living Areas and a Formal Dining Room. The Front Living Room Has a Wood burning Fireplace and a Double Door Entrance to Close Off for Privacy. The Kitchen Has Stainless Appliances; Real Wood Cabinets; a Breakfast Bar; and is Open to the 2nd Living Room and Formal Dining Room. Home Was Totally Renovated. Roof is 2023, Water Heater is 2021, and HV/AC is 2024. Home is Move-in Ready! The Exterior Offers Large Corner Lot; Chain-link Backyard; Large Screen Porch; Laundry Room; 1 Car Garage; and a 1 Car Carport. A Must See!

18. 2024-06-06
    status Pending 1056-char remark

    Show marketing remark (1056 chars)

    This property packs so much for the price! Nearly 2,000 sq ft of move in ready living space on 1/3 of an acre ( semi private corner lot) with 4 full bedrooms and 2 and 1/2 bathrooms, this place has so much to offer a family of any size! Two living rooms and a separate formal dining offer tons of versatility. The seller took care to update the home to sell by totally renovating all the homes bathrooms with new vanities, lighting, flooring, toilets, and showers. The bedrooms are lined with beautiful original tongue and groove hardwood flooring. New flooring in the living spaces includes new LVP wood laminate and new carpet. New ceiling fans and lighting throughout the home. Large screen porch off the back sliding doors has been recently rescreened and painted. The back yard has 2 mature orange trees that produce annually. 1 Car Garage fitted with new door and lift and 1 car carport in separate bays.The wiring was completely replaced by a licensed electrician within the last year and the roof as well! Water heater was recently updated as well.

19. 2024-05-31
    soldstatus $216,000 Sold 1056-char remark

    Show marketing remark (1056 chars)

    This property packs so much for the price! Nearly 2,000 sq ft of move in ready living space on 1/3 of an acre ( semi private corner lot) with 4 full bedrooms and 2 and 1/2 bathrooms, this place has so much to offer a family of any size! Two living rooms and a separate formal dining offer tons of versatility. The seller took care to update the home to sell by totally renovating all the homes bathrooms with new vanities, lighting, flooring, toilets, and showers. The bedrooms are lined with beautiful original tongue and groove hardwood flooring. New flooring in the living spaces includes new LVP wood laminate and new carpet. New ceiling fans and lighting throughout the home. Large screen porch off the back sliding doors has been recently rescreened and painted. The back yard has 2 mature orange trees that produce annually. 1 Car Garage fitted with new door and lift and 1 car carport in separate bays.The wiring was completely replaced by a licensed electrician within the last year and the roof as well! Water heater was recently updated as well.

20. 2024-05-24
    soldstatus $216,000
21. 2024-04-15
    historical Contingent 1056-char remark

    Show marketing remark (1056 chars)

    This property packs so much for the price! Nearly 2,000 sq ft of move in ready living space on 1/3 of an acre ( semi private corner lot) with 4 full bedrooms and 2 and 1/2 bathrooms, this place has so much to offer a family of any size! Two living rooms and a separate formal dining offer tons of versatility. The seller took care to update the home to sell by totally renovating all the homes bathrooms with new vanities, lighting, flooring, toilets, and showers. The bedrooms are lined with beautiful original tongue and groove hardwood flooring. New flooring in the living spaces includes new LVP wood laminate and new carpet. New ceiling fans and lighting throughout the home. Large screen porch off the back sliding doors has been recently rescreened and painted. The back yard has 2 mature orange trees that produce annually. 1 Car Garage fitted with new door and lift and 1 car carport in separate bays.The wiring was completely replaced by a licensed electrician within the last year and the roof as well! Water heater was recently updated as well.

22. 2024-04-13
    listed $199,900 Active 1056-char remark

    Show marketing remark (1056 chars)

    This property packs so much for the price! Nearly 2,000 sq ft of move in ready living space on 1/3 of an acre ( semi private corner lot) with 4 full bedrooms and 2 and 1/2 bathrooms, this place has so much to offer a family of any size! Two living rooms and a separate formal dining offer tons of versatility. The seller took care to update the home to sell by totally renovating all the homes bathrooms with new vanities, lighting, flooring, toilets, and showers. The bedrooms are lined with beautiful original tongue and groove hardwood flooring. New flooring in the living spaces includes new LVP wood laminate and new carpet. New ceiling fans and lighting throughout the home. Large screen porch off the back sliding doors has been recently rescreened and painted. The back yard has 2 mature orange trees that produce annually. 1 Car Garage fitted with new door and lift and 1 car carport in separate bays.The wiring was completely replaced by a licensed electrician within the last year and the roof as well! Water heater was recently updated as well.

23. 2023-10-16
    soldstatus $60,000
24. 2023-10-11
    listed $85,000
25. 2023-10-10
    soldstatus $85,000
26. 1968-01-01
    soldstatus $21,300

ⓘ 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: $2,045 · $170/mo
• Projected year-2 tax: $2,045 · $170/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 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: $24,787
• − Mortgage interest: −$12,598
• − Property taxes: −$2,045
• − Insurance: −$1,124
• − Repairs & maintenance: −$1,983
• − Management: −$1,983
• − Depreciation: −$6,543
• Taxable loss: −$1,489
• Est. tax savings @ 24.0%: +$357
• After-tax cash flow: $2,617/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 — Myrtle Grove

• Score: 64/100
• State rank: #701
• US rank: #14805

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Myrtle Grove, FL
• County: Escambia County · 301,722 people
• City population: 1,170
• Metro: Pensacola-Ferry Pass-Brent, FL
• Population (ZIP): 34,549
• Household income: $62,486
• Rent vs Own: 39.7% rent · 60.3% own
• Severe rent burden: 1359.0

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 0.60)
• Race & ethnicity: White 60% Black 18% Two or more races 11% Hispanic / Latino 6% Asian 6%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 4% Slovak 2% Italian 2%
• Foreign-born: 9% · Canada, China, Vietnam
• Languages at home: 89% English-only · Spanish 4% Tagalog/Filipino 2% Other Indo-European 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: ▼ -71.86%
• Current HPI: 247.6085
• Rent YoY: ▲ 3.85%
• 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

+955.9% since first listed

12 events — show timeline

• 2026-05-17 Price Changed $224,900 PARMLS
• 2026-05-09 Price Changed $229,900 PARMLS
• 2026-03-18 Listed $234,900 PARMLS
• 2024-06-06 Pending — PARMLS
• 2024-05-31 Sold (MLS) $216,000 PARMLS
• 2024-05-24 Sold (Public Records) $216,000 Public Records
• 2024-04-15 Contingent — PARMLS
• 2024-04-13 Listed $199,900 PARMLS
• 2023-10-16 Sold (Public Records) $60,000 Public Records
• 2023-10-11 Listed $85,000 PARMLS
• 2023-10-10 Sold (MLS) $85,000 PARMLS
• 1968-01-01 Sold (Public Records) $21,300 Public Records

Property tax history

+13.0%/yr

Latest (2025): $2,045 · -14.2% YoY. Source: county tax records.