175 Kathryn Dr · Myrtle Grove, FL 32506

$175,000

3 bd · 2.0 ba · 1,344 sqft · Land · 359 Days on market

Built 2025 7,061 sqft lot $130/sqft · 20% above area Est $146k · 20% 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 +19.4/30.0
• DSCR +6.1/10.0
• 1% rule +5.2/10.0
• Schools +3.6/10.0
• Rent growth +3.5/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is a new, never occupied double wide Clayton Home with 3 bedrooms and 2 baths with an open concept for the living areas. The master is split from the other bedrooms for privacy and has a walk-in closet in the bathroom. The living room is open to the dining room and kitchen, and has an island. The laundry room, adjacent to the kitchen is convenient and has a whole house water supply isolation valve. The home is on public water and sewer. The community is quiet and less than a mile from the new Publics, and other amenities i.e. shopping, dining, entertainment, etcetera. It is also located near NAS and the beautiful white sandy Perdido beaches.

Key facts

• Public sewer
• Open concept
• Walk-in closet

Tags

• OPEN CONCEPT
• WALK-IN CLOSET
• PUBLIC WATER
• PUBLIC SEWER
• NEAR NAS
• NEAR PERDIDO BEACHES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $175k.

Deal economics

• At list price, monthly cash flow is $196 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $154k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% 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; 3 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 34% 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 $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 359 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 9% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 359 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.02% ✓
• Cap rate: 7.63%
• Cash-on-cash: 4.79%
• DSCR: 1.21
• GRM: 8.2

CMA / ARV

• ARV (median comp): $145,500
• List price: $175,000
• Delta: 20.27%
• Verdict: OVERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.85% rent growth · sell at horizon

5-year hold

• IRR: -7.9%
• Equity multiple: 0.71×
• Total profit: $-14,333
• Equity at exit: $26,093

10-year hold

• IRR: 2.8%
• Equity multiple: 1.21×
• Total profit: $10,081
• Equity at exit: $15,131

Cash invested: $49,000 (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 32506

• Home prices YoY: -22.5%
• Rents YoY: 3.9%
• Active inventory: 270
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,779 medium
• Mortgage (P&I): −$918
• Tax est. 1.5%: −$219 /mo · $2,625/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $196

Break-even live

Break-even rent $1,531

Max offer price $175,000

Occupancy floor 84%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9052 Golden Eye Dr Pensacola, FL	3.0	2.5	1537	$1,820	$1.18	23d	1	0.97mi
509 Wood Crest Way Pensacola, FL	3.0	2.0	1128	$1,425	$1.26	23d	1	1.09mi
841 Oak Aly Pensacola, FL	3.0	2.0	1875	$1,995	$1.06	13d	1	1.48mi

Listing history 19 events

1. 2026-06-18
   days on market $175,000 Active 359 DOM
2. 2026-06-17
   days on market $175,000 Active 358 DOM
3. 2026-06-16
   days on market $175,000 Active 357 DOM
4. 2026-06-15
   days on market $175,000 Active 356 DOM
5. 2026-06-14
   days on market $175,000 Active 354 DOM
6. 2026-06-10
   days on market $175,000 Active 351 DOM
7. 2026-06-09
   days on market $175,000 Active 350 DOM
8. 2026-06-08
   days on market $175,000 Active 349 DOM
9. 2026-06-07
   days on market $175,000 Active 348 DOM
10. 2026-06-03
    days on market $175,000 Active 344 DOM
11. 2026-06-02
    days on market $175,000 Active 343 DOM
12. 2026-06-01
    days on market $175,000 Active 342 DOM
13. 2026-05-31
    days on market $175,000 Active 341 DOM
14. 2025-06-26
    price $175,000 659-char remark

    Show marketing remark (659 chars)

    This is a new, never occupied double wide Clayton Home with 3 bedrooms and 2 baths with an open concept for the living areas. The master is split from the other bedrooms for privacy and has a walk-in closet in the bathroom. The living room is open to the dining room and kitchen, and has an island. The laundry room, adjacent to the kitchen is convenient and has a whole house water supply isolation valve. The home is on public water and sewer. The community is quiet and less than a mile from the new Publics, and other amenities i.e. shopping, dining, entertainment, etcetera. It is also located near NAS and the beautiful white sandy Perdido beaches.

15. 2025-06-25
    status Active 659-char remark

    Show marketing remark (659 chars)

    This is a new, never occupied double wide Clayton Home with 3 bedrooms and 2 baths with an open concept for the living areas. The master is split from the other bedrooms for privacy and has a walk-in closet in the bathroom. The living room is open to the dining room and kitchen, and has an island. The laundry room, adjacent to the kitchen is convenient and has a whole house water supply isolation valve. The home is on public water and sewer. The community is quiet and less than a mile from the new Publics, and other amenities i.e. shopping, dining, entertainment, etcetera. It is also located near NAS and the beautiful white sandy Perdido beaches.

16. 2025-06-25
    price $164,900 659-char remark

    Show marketing remark (659 chars)

    This is a new, never occupied double wide Clayton Home with 3 bedrooms and 2 baths with an open concept for the living areas. The master is split from the other bedrooms for privacy and has a walk-in closet in the bathroom. The living room is open to the dining room and kitchen, and has an island. The laundry room, adjacent to the kitchen is convenient and has a whole house water supply isolation valve. The home is on public water and sewer. The community is quiet and less than a mile from the new Publics, and other amenities i.e. shopping, dining, entertainment, etcetera. It is also located near NAS and the beautiful white sandy Perdido beaches.

17. 2025-05-02
    historical 659-char remark

    Show marketing remark (659 chars)

    This is a new, never occupied double wide Clayton Home with 3 bedrooms and 2 baths with an open concept for the living areas. The master is split from the other bedrooms for privacy and has a walk-in closet in the bathroom. The living room is open to the dining room and kitchen, and has an island. The laundry room, adjacent to the kitchen is convenient and has a whole house water supply isolation valve. The home is on public water and sewer. The community is quiet and less than a mile from the new Publics, and other amenities i.e. shopping, dining, entertainment, etcetera. It is also located near NAS and the beautiful white sandy Perdido beaches.

18. 2025-04-30
    listed $159,900 Active 659-char remark

    Show marketing remark (659 chars)

    This is a new, never occupied double wide Clayton Home with 3 bedrooms and 2 baths with an open concept for the living areas. The master is split from the other bedrooms for privacy and has a walk-in closet in the bathroom. The living room is open to the dining room and kitchen, and has an island. The laundry room, adjacent to the kitchen is convenient and has a whole house water supply isolation valve. The home is on public water and sewer. The community is quiet and less than a mile from the new Publics, and other amenities i.e. shopping, dining, entertainment, etcetera. It is also located near NAS and the beautiful white sandy Perdido beaches.

19. 2015-03-02
    soldstatus $165,000

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 48% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 25 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: $21,343
• − Mortgage interest: −$9,803
• − Property taxes: −$2,625
• − Insurance: −$875
• − Repairs & maintenance: −$1,707
• − Management: −$1,707
• − Depreciation: −$5,091
• Taxable loss: −$466
• Est. tax savings @ 24.0%: +$112
• After-tax cash flow: $2,460/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

• 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

+6.1% since first listed

6 events — show timeline

• 2025-06-26 Price Changed $175,000 PARMLS
• 2025-06-25 Relisted — PARMLS
• 2025-06-25 Price Changed $164,900 PARMLS
• 2025-05-02 Listing Removed — PARMLS
• 2025-04-30 Listed $159,900 PARMLS
• 2015-03-02 Sold (Public Records) $165,000 Public Records

Property tax history

+6.7%/yr

Latest (2025): $241 · +15.1% YoY. Source: county tax records.