6754 Trailride N · Point Baker, FL 32570

$199,500

4 bd · 2.5 ba · 1,350 sqft · SingleFamily · 3 Days on market

Built 1973 0.26 ac lot Est $232k · 14% under

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Why this score? — see what drove the B- 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 +23.7/30.0
• ARV discount +13.8/15.0
• DSCR +7.6/10.0
• 1% rule +6.1/10.0
• Schools +5.3/10.0
• Rent growth +3.2/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

!!!!!REDUCED!!!! REDUCED!!!!! ON THE MARKET AT LESS THAN $90/FT AFTER EXTENSIVE REMODELING AND UPDATING OF EVERY ROOM IN THIS CHARMING 4 BEDROOM 2 1/2 BATH HOME. THE ADDITION OF A BEDROOM AND BATH MAKE THIS UPGRADED HOME A MUST SEE FOR THIS PRICE. THE CHARM BEGINS AT THE FRONT DOOR WHICH FEATURES AN OVAL LEADED GLASS LIGHT WITH A GRACEFUL DESIGN. 12" CERAMIC TILE FLOWS FROM THE LIVING ROOM THROUGH THE KITCHEN/DINING AREA, HALLWAYS, AND HALL BATH. THE BRIGHT KITCHEN HAS PRETTY CABINETS WITH BRUSHED METAL HARDWARE THAT COMPLEMENT THE DOUBLE STAINLESS STEEL SINKS. THE COUNTERTOPS AND BACKSPLASH ARE CERAMIC TILE IN EARTHTONES. THERE ARE NEW APPLIANCES (EXCEPT THE STOVE) AND A PANTRY. A LARGE DOUBLE WINDOW IN THE DINING AREA OVERLOOKS THE WOODED BACK YARD. ALL BEDROOMS ARE NEWLY CARPETED AND HAVE CEILING FANS AND AMPLE CLOSETS. THE ALL NEW BATH FEATURES ATTRACTIVE CERAMIC TILE FLOORS AND SHOWER. ITS POSITION OFF THE ADDED BEDROOM MAKE IT A CANDIDATE FOR THE MASTER BEDROOM/BATH IF YOU FAVOR A SPLIT PLAN. THE HALL BATH HAS A FIBERGLASS TUB/SURROUND FOR EASE OF MAINTENANCE. AN OVAL MIRROR AND BASIN WITH SCROLL ACCENTS LIFT THIS SPACE OUT OF THE ORDINARY. THE HALF BATH, WHICH IS OFF THE LARGEST BEDROOM CONTINUES THE NEUTRAL THEME FOUND THROUGHOUT THIS HOME. A COAT CLOSET AT THE ENTRY AND A LINEN CLOSET IN THE HALL ADD STORAGE. 8.5' X 10' PATIO OFF THE KITCHEN. THIS PROPERTY IS VERY CONVENIENT TO WHITING FIELD, SHOPPING, SCHOOLS, LIBRARY, PARKS, MILTON COMMUNITY CENTER, AND THE BLACKWATER HERITAGE TRAIL.

Key facts

• 0.26 acre lot
• Built 1973
• Listed 3 days

Property features AI

Finance

• HOA & community: No homeowners association

Exterior

• Parking: Driveway with open parking
• Utilities: Public water; Septic tank sewer; Electric with circuit breakers
• Home design: Single-story (one level); Resale property; Not attached to another unit
• Construction: Brick and frame construction; Slab foundation; Built on one level
• Exterior features: Back yard with chain link fencing; Shingle roof; Paved road access (county maintained)

Interior

• Kitchen: Dishwasher; Refrigerator; Electric water heater
• Bedrooms: Master bedroom on the first floor (approx. 10 x 14); Bedroom 1 on the first floor (approx. 10 x 12); Bedroom 2 on the first floor (approx. 12 x 11); Bedroom 3 on the first floor (approx. 9 x 9)
• Flooring: Tile
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: Tile flooring; Eat-in kitchen

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $378 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Cap rate 8.6% vs local median 4.2% in Point Baker — 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 63/100 on livability (#735 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Santa Rosa (suburban): math 63% / reading 60% proficiency, ranked #8 of 73 in FL (top 11%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+2.7%/yr); 360 active listings in the ZIP; solid renter incomes; 1,983 units permitted in Santa Rosa County in 2024 (128 in 5+ unit buildings).
• This rent runs 35% of the median local income ($77k/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 $6k of value loss. Plan a longer hold.
• Santa Rosa County population projected at +31% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 22y 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 $106k; list at $200k implies a 87% 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; major wildfire risk; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $199,500

Questions for the listing agent

1. Built in 1973 — 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 F-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: 1.11% ✓
• Cap rate: 8.57%
• Cash-on-cash: 8.12%
• DSCR: 1.36
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $232,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6845 Trail Ride South	0.32mi	4/1.5	1,305 (-3%)	8mo	$199,000	$152	69
6818 Roundup Ln	0.39mi	3/1.5 (-1)	1,377 (+2%)	4mo	$200,000	$145	66
6835 Chuckwagon Ln	0.12mi	3/2.0 (-1)	1,242 (-8%)	10mo	$180,000	$145	66
6549 Sinclair St	0.49mi	4/2.0	1,275 (-6%)	8mo	$213,000	$167	59
6816 Fast Gun Ln	0.46mi	3/2.0 (-1)	1,250 (-7%)	4mo	$254,900	$204	56
6926 Trailride N	0.43mi	3/2.0 (-1)	1,220 (-10%)	2mo	$246,250	$202	55
7054 Tylerwood Ct	0.57mi	3/2.0 (-1)	1,309 (-3%)	8mo	$225,000	$172	55
6980 Trailride N	0.58mi	3/2.0 (-1)	1,412 (+5%)	5mo	$286,000	$203	54
6848 Fast Gun Ln	0.44mi	3/2.0 (-1)	1,215 (-10%)	4mo	$240,000	$198	52
6583 Stanley Cir	0.60mi	3/2.0 (-1)	1,448 (+7%)	5mo	$239,000	$165	49
6807 Old West Ln	0.60mi	3/2.0 (-1)	1,428 (+6%)	9mo	$290,000	$203	48
7073 Jacobsview Ln	0.72mi	3/2.0 (-1)	1,475 (+9%)	1mo	$247,000	$167	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 · 2.7% rent growth · sell at horizon

5-year hold

• IRR: -4.3%
• Equity multiple: 0.84×
• Total profit: $-8,875
• Equity at exit: $29,746

10-year hold

• IRR: 5.1%
• Equity multiple: 1.37×
• Total profit: $20,696
• Equity at exit: $17,249

Cash invested: $55,860 (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 32570

• Home prices YoY: -15.1%
• Rents YoY: 2.7%
• Active inventory: 360
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,224 medium
• Mortgage (P&I): −$1,046
• Tax est. 1.5%: −$249 /mo · $2,992/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$467
• Net cashflow: $378

Break-even live

Break-even rent $1,745

Max offer price $199,500

Occupancy floor 78%

Sensitivity live

Price	-10% $516	-5% $447	+0% $378	+5% $309	+10% $240
Rent	-10% $203	-5% $290	+0% $378	+5% $466	+10% $554
Rate	-1.0pp $479	-0.5pp $429	base $378	+0.5pp $327	+1.0pp $274

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: $49,875
• Closing costs: $5,985
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-06-18
   days on market $199,500 Active 3 DOM
2. 2026-06-17
   days on market $199,500 Active 2 DOM
3. 2026-06-15
   remarks 680-char remark
4. 2026-06-15
   listed $199,500 Active 1 DOM

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 9/10 Extreme 6 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,687
• − Mortgage interest: −$11,175
• − Property taxes: −$2,992
• − Insurance: −$998
• − Repairs & maintenance: −$2,135
• − Management: −$2,135
• − Depreciation: −$5,804
• Taxable income: $1,449
• Est. tax owed @ 24.0%: −$348
• After-tax cash flow: $4,191/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: Santa Rosa
• NCES district ID: 1201650
• Math proficiency: 63% ▼ -6.00%
• Reading proficiency: 60% ▼ -5.00%
• Median HH income: $58,161
• Composite: 53.12/100
• National rank: #1511
• State rank: #8 of 73 in FL

Livability — Point Baker

• Score: 63/100
• State rank: #735
• US rank: #15840

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Point Baker, FL
• County: Santa Rosa County · 194,764 people
• Metro: Pensacola-Ferry Pass-Brent, FL
• Population (ZIP): 37,197
• Household income: $77,222
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 590.0

Population outlook (Santa Rosa County) Hauer SSP2

• Today (2025): 195,978 people
• By 2030: 209,782 · +7.0%
• By 2040: 235,293 · +20.1%
• By 2050: 256,408 · +30.8%
• By 2075: 298,074 · +52.1%
• By 2100: 303,216 · +54.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Two or more races 7% Black 6% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Italian 4% Lithuanian 3% Portuguese 2%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Asian/Pacific 1%

Political lean MEDSL · Santa Rosa

• 2024 margin: Solid R (+51.0) · D 24.1% · R 75.0%
• 2008→2024 swing: -3.0pp toward R · 2008: -47.9pp · 2024: -51.0pp
• All cycles: 2024: R+51.0 2020: R+46.5 2016: R+53.5 2012: R+52.6 2008: R+47.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -51.06%
• Current HPI: 287.7469
• Rent YoY: ▲ 2.70%
• 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

+343.3% since first listed

7 events — show timeline

• 2026-06-15 Listed $199,500 PARMLS
• 2007-01-19 Sold (MLS) $106,500 PARMLS
• 2006-05-19 Listed $109,900 PARMLS
• 2006-02-12 Sold (MLS) $82,500 PARMLS
• 2005-12-21 Listed $89,900 PARMLS
• 2004-08-23 Sold (MLS) $45,000 PARMLS
• 2004-06-25 Listed $45,000 PARMLS