The Harbor Plan · Brent, FL 32505

$49,900

2 bd · 2.0 ba · 840 sqft · SingleFamily · 484 Days on market

Poor condition ↓ 23% since listing

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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 +25.2/30.0
• DSCR +8.3/10.0
• ARV discount +7.5/15.0
• 1% rule +6.6/10.0
• Rent growth +3.7/5.0
• Livability +3.5/5.0
• Schools +2.7/10.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Experience the perfect balance of activity and relaxation at Oakstead, our all-age, pet-friendly community in the heart of Pensacola, FL. Designed for fun and connection, our neighborhood features a playground for endless adventures and basketball courts for recreation and friendly competition. Conveniently located near shopping, dining, and top-rated schools, Oakstead offers easy access to everything you need while providing a warm, welcoming environment where neighbors become friends and families thrive. Discover a community built for connection and convenience-contact us today to learn more about making Oakstead your new home!

Key facts

• Top rated schools
• Shopping
• Pet friendly

Tags

• PET FRIENDLY
• PLAYGROUND
• BASKETBALL COURTS
• SHOPPING
• DINING
• TOP RATED SCHOOLS

🏗️ New construction. The $49,900 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $120,402.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $50k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $271 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $44k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 6.5% in Brent — 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 69/100 on livability (#484 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; 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: Montclair Elementary School (math 42% / reading 29%, grade F, #1,684 of 2,144 statewide, top 79%, 379 students, 91% FRL); Bellview Middle School (math 17% / reading 23%, grade F, #558 of 571 statewide, top 98%, 992 students, 76% FRL); Escambia High School (math 19% / reading 29%, grade F, #529 of 667 statewide, top 80%, 1,655 students, 62% FRL) — zoned schools average 76% FRL vs 58% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 26% at this address vs 42% district-wide (-16 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); 253 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals lingering (median 73d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% 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).
• This rent runs 37% 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 $832 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.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $34k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 484 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.6% of price.

Recommended offer $43,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 484 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. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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?
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: 1.16% ✓
• Cap rate: 8.99%
• Cash-on-cash: 9.64%
• DSCR: 1.43
• GRM: 7.2

CMA / ARV

• ARV (median comp): $120,402
• List price: $49,900
• Delta: -58.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4509 Versailles Dr	0.51mi	3/1.0 (+1)	868 (+3%)	1mo	$128,000	$147	61
702 Beauvais Rd	0.47mi	3/1.0 (+1)	855 (+2%)	10mo	$149,500	$175	58
1103 Medford Ave	0.70mi	3/1.0 (+1)	864 (+3%)	3mo	$85,000	$98	51
937 Fremont Ave	0.71mi	3/1.0 (+1)	864 (+3%)	10mo	$124,650	$144	45
1109 Medford Ave	0.71mi	3/1.0 (+1)	864 (+3%)	14mo	$140,000	$162	42
709 Loire Way	0.55mi	3/1.0 (+1)	888 (+6%)	21mo	$178,000	$200	38
718 Montclair Rd	0.69mi	3/1.0 (+1)	868 (+3%)	19mo	$74,000	$85	37

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: 0.4%
• Equity multiple: 1.02×
• Total profit: $510
• Equity at exit: $17,952

10-year hold

• IRR: 11.9%
• Equity multiple: 2.02×
• Total profit: $34,473
• Equity at exit: $10,410

Cash invested: $33,712 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 11 active · 4 under contract
• Months of supply: 6.0 mo (17%/mo absorbed)
• Median asking: $74,900 ($78/sqft)
• Median days on market: 484 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +83.7% above 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: 253
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,396 high
• Mortgage (P&I): −$631
• Tax est. 1.5%: −$151 /mo · $1,806/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $271

Break-even live

Break-even rent $1,053

Max offer price $120,402

Occupancy floor 76%

Sensitivity live

Price	-10% $354	-5% $312	+0% $271	+5% $229	+10% $188
Rent	-10% $161	-5% $216	+0% $271	+5% $326	+10% $381
Rate	-1.0pp $331	-0.5pp $301	base $271	+0.5pp $240	+1.0pp $208

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: $30,100
• Closing costs: $3,612
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
918 Montclair Rd Pensacola, FL	3.0	1.0	1012	$1,500	$1.48	63d	1	0.64mi
3417 W Fisher St Unit C Pensacola, FL	3.0	2.0	1106	$1,350	$1.22	72d	1	0.75mi
2 Nevada Cir Pensacola, FL	3.0	1.0	968	$1,225	$1.27	15d	1	1.03mi
835 S Madison Dr Pensacola, FL	3.0	1.0	1014	$1,600	$1.58	15d	1	1.07mi
5409 E Shore Dr Pensacola, FL	2.0	1.0	1000	$1,100	$1.10	15d	1	1.08mi
2303 W Michigan Ave Unit A6 Pensacola, FL	2.0	2.0	1014	$1,300	$1.28	72d	1	1.10mi
5602 W Shore Dr Unit B Pensacola, FL	2.0	2.0	920	$1,250	$1.36	72d	1	1.17mi
925 Twinbrook Ave Pensacola, FL	3.0	1.0	1105	$1,750	$1.58	72d	1	1.24mi
2300 W Michigan Ave #12 Pensacola, FL	2.0	2.0	1050	$1,300	$1.24	72d	1	1.35mi
2300 W Michigan Ave Pensacola, FL	2.0	2.0	1031	$1,238	$1.20	15d	3	1.38mi
2355 W Michigan Ave Pensacola, FL	1.0–3.0	1.0–2.5	1150	$1,468	$1.28	15d	12	1.41mi
3216 Two Sisters Way Pensacola, FL	3.0	2.0	1117	$1,700	$1.52	72d	1	1.42mi
151 Boone St Unit G104 Pensacola, FL	1.0	1.0	600	$1,049	$1.75	72d	1	1.50mi

Listing history 50 events

1. 2026-08-08
   days on market $49,900 Active 484 DOM
2. 2026-08-07
   days on market $49,900 Active 483 DOM
3. 2026-08-06
   days on market $49,900 Active 482 DOM
4. 2026-08-05
   days on market $49,900 Active 481 DOM
5. 2026-08-04
   days on market $49,900 Active 480 DOM
6. 2026-08-03
   days on market $49,900 Active 479 DOM
7. 2026-07-31
   days on market $49,900 Active 476 DOM
8. 2026-07-30
   days on market $49,900 Active 475 DOM
9. 2026-07-29
   days on market $49,900 Active 474 DOM
10. 2026-07-27
    days on market $49,900 Active 472 DOM
11. 2026-07-25
    days on market $49,900 Active 470 DOM
12. 2026-07-23
    days on market $49,900 Active 468 DOM
13. 2026-07-22
    days on market $49,900 Active 467 DOM
14. 2026-07-21
    days on market $49,900 Active 466 DOM
15. 2026-07-18
    days on market $49,900 Active 463 DOM
16. 2026-07-16
    days on market $49,900 Active 461 DOM
17. 2026-07-16
    days on market $49,900 Active 460 DOM
18. 2026-07-14
    days on market $49,900 Active 459 DOM
19. 2026-07-14
    days on market $49,900 Active 458 DOM
20. 2026-07-12
    days on market $49,900 Active 457 DOM
21. 2026-07-11
    days on market $49,900 Active 456 DOM
22. 2026-07-10
    days on market $49,900 Active 455 DOM
23. 2026-07-09
    days on market $49,900 Active 454 DOM
24. 2026-07-08
    days on market $49,900 Active 453 DOM
25. 2026-07-07
    days on market $49,900 Active 452 DOM
26. 2026-07-06
    days on market $49,900 Active 451 DOM
27. 2026-07-05
    days on market $49,900 Active 450 DOM
28. 2026-07-04
    days on market $49,900 Active 449 DOM
29. 2026-07-03
    days on market $49,900 Active 448 DOM
30. 2026-07-02
    days on market $49,900 Active 447 DOM
31. 2026-07-01
    days on market $49,900 Active 446 DOM
32. 2026-06-30
    days on market $49,900 Active 445 DOM
33. 2026-06-29
    days on market $49,900 Active 444 DOM
34. 2026-06-28
    days on market $49,900 Active 443 DOM
35. 2026-06-28
    days on market $49,900 Active 442 DOM
36. 2026-06-27
    days on market $49,900 Active 441 DOM
37. 2026-06-25
    days on market $49,900 Active 439 DOM
38. 2026-06-23
    days on market $49,900 Active 437 DOM
39. 2026-06-21
    days on market $49,900 Active 436 DOM
40. 2026-06-18
    days on market $49,900 Active 433 DOM
41. 2026-06-17
    days on market $49,900 Active 432 DOM
42. 2026-06-16
    days on market $49,900 Active 431 DOM
43. 2026-06-15
    days on market $49,900 Active 430 DOM
44. 2026-06-14
    days on market $49,900 Active 428 DOM
45. 2026-06-10
    days on market $49,900 Active 425 DOM
46. 2026-06-09
    days on market $49,900 Active 424 DOM
47. 2026-06-08
    days on market $49,900 Active 423 DOM
48. 2026-06-07
    days on market $49,900 Active 422 DOM
49. 2026-06-03
    days on market $49,900 Active 418 DOM
50. 2026-06-02
    days on market $49,900 Active 417 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $16,753
• − Mortgage interest: −$6,744
• − Property taxes: −$1,806
• − Insurance: −$602
• − Repairs & maintenance: −$1,340
• − Management: −$1,340
• − Depreciation: −$3,503
• Taxable income: $1,418
• Est. tax owed @ 24.0%: −$340
• After-tax cash flow: $2,910/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 · 1 photo

Poor 20/100 Extensive rehab Est. rehab $42,000–$75,600 screening

This home requires extensive repairs and updates to bring it up to a livable condition. Significant investments in appliances, fixtures, flooring, painting, landscaping, HVAC, and windows are needed to increase its resale and rental value.

Repairs flagged

• Major Kitchen appliances — Old and worn, need replacement.
• Major Bathroom fixtures — Outdated and worn, need replacement.
• Major Exterior siding — Weathered and possibly damaged, needs repair or replacement.
• Major Flooring — Significant wear and tear, needs replacement.
• Major Paint — Peeling and signs of moisture damage, needs repainting.
• Major Landscaping — Overgrown and unkempt, needs trimming and planting.
• Major HVAC/mechanicals — No visible damage, but likely outdated and inefficient, needs assessment and potential replacement.
• Major Windows — No visible damage, but likely old and possibly inefficient, needs assessment and potential replacement.
• Major Foundation/structure — No visible damage, but likely needs inspection and potential repair if issues are found.

Value-add opportunities

• Resale New kitchen appliances — Modern appliances will attract more buyers. ↑
• Resale New bathroom fixtures — Upgraded fixtures will appeal to potential buyers. ↑
• Resale New flooring — Fresh flooring will improve the home's appearance and appeal. ↑
• Resale Repainting — Fresh paint will make the home look more appealing and well-maintained. ↑
• Both Landscaping — A well-maintained yard will improve curb appeal and attract more potential tenants. ↑
• Rental HVAC/mechanicals assessment — Upgrading HVAC will improve comfort and attract more tenants. ↑
• Rental Window assessment — Upgrading windows will improve energy efficiency and attract more tenants. ↑

ⓘ Rehab cost is a screening estimate — Extensive 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 26/100

Zoned Schools

Elementary Montclair Elementary School F FL #1,684/2,144 Nat'l #22,764/41,679 Middle Bellview Middle School F FL #558/571 Nat'l #11,652/14,009 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 69/100

Livability — Brent

• Score: 69/100
• State rank: #484
• US rank: #8921

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Brent, FL
• County: Escambia County · 334,637 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: 16% of renters

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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%

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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%

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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

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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

-23.1% since first listed

2 events — show timeline

• 2025-04-14 Price Changed $49,900 Zillow
• 2025-04-11 Listed $64,900 Zillow