3400 Wimbledon Dr #5 · Pensacola, FL 32504

$233,900

3 bd · 3.0 ba · 1,820 sqft · Condo public records · 158 Days on market

Built 1978 $129/sqft · at area comps Est $258k · 9% under $495/mo HOA · 18% of rent

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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 +14.4/30.0
• ARV discount +11.7/15.0
• 1% rule +6.5/10.0
• DSCR +4.4/10.0
• Livability +4.2/5.0
• Schools +3.6/10.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This property offers an exceptional amount of living space for the price with generously sized rooms throughout. Tasteful updates in neutral, earthy tones that enhance the home. Large rooms and vaulted ceilings make them seem even bigger. Enjoy the wood-burning fireplace that serves as a warm focal point, adding charm and ambiance to the main living area. The first floor has wood like laminate flooring throughout the foyer hallway and great room and 12” tile in the kitchen, dining room and half bath. The large dining room is just off the kitchen and perfect for entertaining; the galley kitchen has Silestone solid surface countertops and boast stainless steel appliances to include Frigidaire electric smooth top stove/oven that has never been used, same with the built in microwave and LG French door refrigerator. The stairs and upstairs there are three bedrooms are carpeted for both comfort and to mute noise. There is a shared hall bath and an updated master bath area with taller vanity and Silestone sold surface countertops. The walk-in closet that compliments the master bedroom closet providing the master with two good closets. When they upgraded the counters, they also tiled the floors and the walk in shower. The master is even larger when you consider the 18’ x 5’ sitting area that provides ample natural light. Conveniently located near shopping, dining, schools, and major routes, this affordable home is situated in a desirable area that is close to anything that matters, be where you need to be in minutes. Finally, no need for a lawnmower or a lawn service as it is provided by the HOA. Come take a look at what you get for the money, see for yourself.

Key facts

• Updated master bath
• Walk in closet
• Sitting area

Tags

• WOOD BURNING FIREPLACE
• WOOD LIKE LAMINATE FLOORING
• STAINLESS STEEL APPLIANCES
• UPDATED MASTER BATH
• WALK IN CLOSET
• SITTING AREA

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath condo listed at $234k.

Deal economics

• At list price, monthly cash flow is $48 ($576/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $234k).
• Recommended offer: $206k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.5% vs local median 3.6% in 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 83/100 on livability (#53 in FL, #924 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+.
• 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: Cordova Park Elementary School (math 72% / reading 76%, grade A, #249 of 2,144 statewide, top 12%, 637 students, 43% FRL); J. H. Workman Middle School (math 20% / reading 27%, grade F, #536 of 571 statewide, top 95%, 705 students, 72% FRL); Washington Senior High School (math 25% / reading 40%, grade F, #411 of 667 statewide, top 62%, 1,733 students, 51% FRL) — zoned schools at 55% FRL track the district average.
• Market conditions: Rents rising (+3.6%/yr); 173 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 44% of the median local income ($73k/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 158 days — a 12% lower offer ($206k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 17y 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.
• Current owner paid $79k; list at $234k implies a 195% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $205,832 (12.0% below list)

Questions for the listing agent

1. It's been on market 158 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.15% ✓
• Cap rate: 6.54%
• Cash-on-cash: 0.88%
• DSCR: 1.04
• GRM: 7.2

CMA / ARV

• ARV (median comp): $258,001
• List price: $233,900
• Delta: -9.34%
• Verdict: FAIR
• Comps: 17 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.63% rent growth · sell at horizon

5-year hold

• IRR: -13.8%
• Equity multiple: 0.50×
• Total profit: $-32,798
• Equity at exit: $34,875

10-year hold

• IRR: -3.6%
• Equity multiple: 0.75×
• Total profit: $-16,152
• Equity at exit: $20,223

Cash invested: $65,492 (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 32504

• Home prices YoY: -30.9%
• Rents YoY: 3.6%
• Active inventory: 173
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $2,694 medium
• Mortgage (P&I): −$1,227
• Tax from tax record: −$262 /mo · $3,139/yr
• Insurance: −$97
• HOA: −$495
• Vacancy / Maint / Mgmt: −$566
• Net cashflow: $48

Break-even live

Break-even rent $2,634

Max offer price $233,900

Occupancy floor 93%

Sensitivity live

Price	-10% $180	-5% $114	+0% $48	+5% $-18	+10% $-84
Rent	-10% $-165	-5% $-58	+0% $48	+5% $154	+10% $261
Rate	-1.0pp $166	-0.5pp $108	base $48	+0.5pp $-13	+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: $58,475
• Closing costs: $7,017
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3791 Maule Rd Pensacola, FL	4.0	3.0	2000	$3,250	$1.62	25d	1	0.98mi
3545 Hopestill Rd Pensacola, FL	4.0	2.0	1984	$2,400	$1.21	25d	1	0.99mi
3547 Firestone Blvd Pensacola, FL	4.0	2.0	2000	$2,695	$1.35	25d	1	1.02mi
3019 Keats Dr Pensacola, FL	4.0	2.5	2484	$4,400	$1.77	25d	1	1.36mi

HOA detail condo

• Monthly dues: $495 · $5,940/yr
• Likely covers: electric
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 28 events

1. 2026-06-21
   days on market $233,900 Active 158 DOM
2. 2026-06-18
   days on market $233,900 Active 155 DOM
3. 2026-06-17
   days on market $233,900 Active 154 DOM
4. 2026-06-16
   days on market $233,900 Active 153 DOM
5. 2026-06-15
   days on market $233,900 Active 152 DOM
6. 2026-06-14
   days on market $233,900 Active 150 DOM
7. 2026-06-10
   days on market $233,900 Active 147 DOM
8. 2026-06-09
   days on market $233,900 Active 146 DOM
9. 2026-06-08
   days on market $233,900 Active 145 DOM
10. 2026-06-07
    days on market $233,900 Active 144 DOM
11. 2026-06-03
    days on market $233,900 Active 140 DOM
12. 2026-06-02
    days on market $233,900 Active 139 DOM
13. 2026-06-01
    days on market $233,900 Active 138 DOM
14. 2026-05-31
    days on market $233,900 Active 137 DOM
15. 2026-05-31
    days on market $233,900 Active 136 DOM
16. 2026-01-14
    listed $233,900 Active 1700-char remark

    Show marketing remark (1700 chars)

    This property offers an exceptional amount of living space for the price with generously sized rooms throughout. Tasteful updates in neutral, earthy tones that enhance the home. Large rooms and vaulted ceilings make them seem even bigger. Enjoy the wood-burning fireplace that serves as a warm focal point, adding charm and ambiance to the main living area. The first floor has wood like laminate flooring throughout the foyer hallway and great room and 12” tile in the kitchen, dining room and half bath. The large dining room is just off the kitchen and perfect for entertaining; the galley kitchen has Silestone solid surface countertops and boast stainless steel appliances to include Frigidaire electric smooth top stove/oven that has never been used, same with the built in microwave and LG French door refrigerator. The stairs and upstairs there are three bedrooms are carpeted for both comfort and to mute noise. There is a shared hall bath and an updated master bath area with taller vanity and Silestone sold surface countertops. The walk-in closet that compliments the master bedroom closet providing the master with two good closets. When they upgraded the counters, they also tiled the floors and the walk in shower. The master is even larger when you consider the 18’ x 5’ sitting area that provides ample natural light. Conveniently located near shopping, dining, schools, and major routes, this affordable home is situated in a desirable area that is close to anything that matters, be where you need to be in minutes. Finally, no need for a lawnmower or a lawn service as it is provided by the HOA. Come take a look at what you get for the money, see for yourself.

17. 2026-01-01
    historical
18. 2025-08-22
    price $234,900
19. 2025-04-01
    listed $249,000 Active
20. 2025-03-31
    historical
21. 2024-11-15
    price $249,000
22. 2024-08-20
    price $259,500
23. 2024-06-28
    price $268,000
24. 2024-04-10
    listed $277,000 Active
25. 2009-07-23
    historical
26. 2009-06-26
    listed $187,000
27. 1987-07-01
    soldstatus $79,400
28. 1978-01-01
    soldstatus $52,900

ⓘ 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: $3,139 · $262/mo
• Projected year-2 tax: $3,139 · $262/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 · 22 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: $32,334
• − Mortgage interest: −$13,102
• − Property taxes: −$3,139
• − Insurance: −$1,170
• − Repairs & maintenance: −$2,587
• − Management: −$2,587
• − HOA: −$5,940
• − Depreciation: −$6,804
• Taxable loss: −$2,994
• Est. tax savings @ 24.0%: +$719
• After-tax cash flow: $1,295/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 — Pensacola

• Score: 83/100
• State rank: #53
• US rank: #924

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pensacola, FL
• County: Escambia County · 301,722 people
• City population: 237,636
• Metro: Pensacola-Ferry Pass-Brent, FL
• Population (ZIP): 22,153
• Household income: $72,672
• Rent vs Own: 37.4% rent · 62.6% own
• Severe rent burden: 533.0

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 (69%)
• Race & ethnicity: White 69% Black 13% Two or more races 10% Hispanic / Latino 6% Asian 4%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Lithuanian 3% Italian 2% Slovak 2%
• Foreign-born: 7% · Canada, China, Jamaica
• Languages at home: 92% English-only · Spanish 2% Chinese 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: ▼ -119.75%
• Current HPI: 268.2214
• Rent YoY: ▲ 3.63%
• 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

+342.2% since first listed

13 events — show timeline

• 2026-01-14 Listed $233,900 PARMLS
• 2026-01-01 Listing Removed — PARMLS
• 2025-08-22 Price Changed $234,900 PARMLS
• 2025-04-01 Listed $249,000 PARMLS
• 2025-03-31 Listing Removed — PARMLS
• 2024-11-15 Price Changed $249,000 PARMLS
• 2024-08-20 Price Changed $259,500 PARMLS
• 2024-06-28 Price Changed $268,000 PARMLS
• 2024-04-10 Listed $277,000 PARMLS
• 2009-07-23 Listing Removed — PARMLS
• 2009-06-26 Listed $187,000 PARMLS
• 1987-07-01 Sold (Public Records) $79,400 Public Records
• 1978-01-01 Sold (Public Records) $52,900 Public Records

Property tax history

+7.4%/yr

Latest (2025): $3,139 · +9.7% YoY. Source: county tax records.