465 Hazzard Ln · Molino, FL 32533

$119,000

None bd · None ba · 1,050 sqft · SingleFamily public records · 170 Days on market

Built 1918 5.29 ac lot ↓ 52% since listing

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.8/10.0
• ARV discount +7.5/15.0
• Livability +3.8/5.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Own a mobile home park for the price of a single family house ! This large parcel consists of 4.37 acres spread out on Hazzard Lane. Currently, there are 3 mobile homes and a wood frame single-family home. The Wood frame house is 1260 sq. ft, 3 bed 1 bath. Mobile 1 has 2 bed 1 bath, around 800 sq ft. Mobile 2 has around 800 sq ft 2 bed 1 bath. Mobile 3 has around 600 sq ft, 1 bed 1 bath. Each structure needs work to get them back in rentable condition. Property is zoned RMU, and the property use is multifamily. Per the county, you can have up to 9 units on the property, so there is the possibility of adding an additional 5 units for even more cash flow. There is city water, so no need to deal with wells. There are 2 power poles and at least one septic we know of, but there is probably another septic as well, as 2 of the mobile homes, and wood frame house were occupied. Property was aquired via tax deed, and will be transferred with a quit claim deed. All information to be verified by buyer.

Key facts

• Large parcel
• Multifamily use
• City water

Tags

• LARGE PARCEL
• ZONED RMU
• MULTIFAMILY USE
• CITY WATER

What this means for you Summary

Snapshot

• This is a single-family listed at $119k.

Deal economics

• At list price, monthly cash flow is $570 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $119k).
• Recommended offer: $105k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.0% vs local median 3.5% in Molino — 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 76/100 on livability (#224 in FL, #3,540 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F, health & safety 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: 513 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 1,479 units permitted in Escambia County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $823 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 + 3.0% rent growth), your $33k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 170 days — a 12% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 3y ago; this cycle's ask has dropped $21k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1918 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $104,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 170 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 1918 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.48% ✓
• Cap rate: 12.04%
• Cash-on-cash: 20.53%
• DSCR: 1.91
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 12.8%
• Equity multiple: 1.51×
• Total profit: $17,047
• Equity at exit: $17,743

10-year hold

• IRR: 21.7%
• Equity multiple: 2.85×
• Total profit: $61,698
• Equity at exit: $10,289

Cash invested: $33,320 (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 32533

• Home prices YoY: -14.6%
• Active inventory: 513
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,762 medium
• Mortgage (P&I): −$624
• Tax est. 1.5%: −$149 /mo · $1,785/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $570

Break-even live

Break-even rent $1,041

Max offer price $119,000

Occupancy floor 63%

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1787 Booth Lake Rd Cantonment, FL	3.0	2.0	1476	$1,775	$1.20	14d	1	0.90mi

Listing history 43 events

1. 2026-06-18
   days on market $119,000 Active 170 DOM
2. 2026-06-17
   days on market $119,000 Active 169 DOM
3. 2026-06-16
   days on market $119,000 Active 168 DOM
4. 2026-06-15
   days on market $119,000 Active 167 DOM
5. 2026-06-14
   days on market $119,000 Active 165 DOM
6. 2026-06-10
   days on market $119,000 Active 162 DOM
7. 2026-06-09
   days on market $119,000 Active 161 DOM
8. 2026-06-08
   days on market $119,000 Active 160 DOM
9. 2026-06-07
   days on market $119,000 Active 159 DOM
10. 2026-06-03
    days on market $119,000 Active 155 DOM
11. 2026-06-02
    days on market $119,000 Active 154 DOM
12. 2026-06-01
    days on market $119,000 Active 153 DOM
13. 2026-05-31
    days on market $119,000 Active 152 DOM
14. 2026-05-31
    days on market $119,000 Active 151 DOM
15. 2026-03-03
    status Active 1005-char remark

    Show marketing remark (1005 chars)

    Own a mobile home park for the price of a single family house ! This large parcel consists of 4.37 acres spread out on Hazzard Lane. Currently, there are 3 mobile homes and a wood frame single-family home. The Wood frame house is 1260 sq. ft, 3 bed 1 bath. Mobile 1 has 2 bed 1 bath, around 800 sq ft. Mobile 2 has around 800 sq ft 2 bed 1 bath. Mobile 3 has around 600 sq ft, 1 bed 1 bath. Each structure needs work to get them back in rentable condition. Property is zoned RMU, and the property use is multifamily. Per the county, you can have up to 9 units on the property, so there is the possibility of adding an additional 5 units for even more cash flow. There is city water, so no need to deal with wells. There are 2 power poles and at least one septic we know of, but there is probably another septic as well, as 2 of the mobile homes, and wood frame house were occupied. Property was aquired via tax deed, and will be transferred with a quit claim deed. All information to be verified by buyer.

16. 2026-02-28
    historical 1005-char remark

    Show marketing remark (1005 chars)

    Own a mobile home park for the price of a single family house ! This large parcel consists of 4.37 acres spread out on Hazzard Lane. Currently, there are 3 mobile homes and a wood frame single-family home. The Wood frame house is 1260 sq. ft, 3 bed 1 bath. Mobile 1 has 2 bed 1 bath, around 800 sq ft. Mobile 2 has around 800 sq ft 2 bed 1 bath. Mobile 3 has around 600 sq ft, 1 bed 1 bath. Each structure needs work to get them back in rentable condition. Property is zoned RMU, and the property use is multifamily. Per the county, you can have up to 9 units on the property, so there is the possibility of adding an additional 5 units for even more cash flow. There is city water, so no need to deal with wells. There are 2 power poles and at least one septic we know of, but there is probably another septic as well, as 2 of the mobile homes, and wood frame house were occupied. Property was aquired via tax deed, and will be transferred with a quit claim deed. All information to be verified by buyer.

17. 2026-02-04
    status Active 1005-char remark

    Show marketing remark (1005 chars)

    Own a mobile home park for the price of a single family house ! This large parcel consists of 4.37 acres spread out on Hazzard Lane. Currently, there are 3 mobile homes and a wood frame single-family home. The Wood frame house is 1260 sq. ft, 3 bed 1 bath. Mobile 1 has 2 bed 1 bath, around 800 sq ft. Mobile 2 has around 800 sq ft 2 bed 1 bath. Mobile 3 has around 600 sq ft, 1 bed 1 bath. Each structure needs work to get them back in rentable condition. Property is zoned RMU, and the property use is multifamily. Per the county, you can have up to 9 units on the property, so there is the possibility of adding an additional 5 units for even more cash flow. There is city water, so no need to deal with wells. There are 2 power poles and at least one septic we know of, but there is probably another septic as well, as 2 of the mobile homes, and wood frame house were occupied. Property was aquired via tax deed, and will be transferred with a quit claim deed. All information to be verified by buyer.

18. 2026-02-04
    price $119,000 1005-char remark

    Show marketing remark (1005 chars)

    Own a mobile home park for the price of a single family house ! This large parcel consists of 4.37 acres spread out on Hazzard Lane. Currently, there are 3 mobile homes and a wood frame single-family home. The Wood frame house is 1260 sq. ft, 3 bed 1 bath. Mobile 1 has 2 bed 1 bath, around 800 sq ft. Mobile 2 has around 800 sq ft 2 bed 1 bath. Mobile 3 has around 600 sq ft, 1 bed 1 bath. Each structure needs work to get them back in rentable condition. Property is zoned RMU, and the property use is multifamily. Per the county, you can have up to 9 units on the property, so there is the possibility of adding an additional 5 units for even more cash flow. There is city water, so no need to deal with wells. There are 2 power poles and at least one septic we know of, but there is probably another septic as well, as 2 of the mobile homes, and wood frame house were occupied. Property was aquired via tax deed, and will be transferred with a quit claim deed. All information to be verified by buyer.

19. 2025-12-20
    status Pending 1005-char remark

    Show marketing remark (1005 chars)

    Own a mobile home park for the price of a single family house ! This large parcel consists of 4.37 acres spread out on Hazzard Lane. Currently, there are 3 mobile homes and a wood frame single-family home. The Wood frame house is 1260 sq. ft, 3 bed 1 bath. Mobile 1 has 2 bed 1 bath, around 800 sq ft. Mobile 2 has around 800 sq ft 2 bed 1 bath. Mobile 3 has around 600 sq ft, 1 bed 1 bath. Each structure needs work to get them back in rentable condition. Property is zoned RMU, and the property use is multifamily. Per the county, you can have up to 9 units on the property, so there is the possibility of adding an additional 5 units for even more cash flow. There is city water, so no need to deal with wells. There are 2 power poles and at least one septic we know of, but there is probably another septic as well, as 2 of the mobile homes, and wood frame house were occupied. Property was aquired via tax deed, and will be transferred with a quit claim deed. All information to be verified by buyer.

20. 2025-11-10
    listed $140,000 Active 1005-char remark

    Show marketing remark (1005 chars)

    Own a mobile home park for the price of a single family house ! This large parcel consists of 4.37 acres spread out on Hazzard Lane. Currently, there are 3 mobile homes and a wood frame single-family home. The Wood frame house is 1260 sq. ft, 3 bed 1 bath. Mobile 1 has 2 bed 1 bath, around 800 sq ft. Mobile 2 has around 800 sq ft 2 bed 1 bath. Mobile 3 has around 600 sq ft, 1 bed 1 bath. Each structure needs work to get them back in rentable condition. Property is zoned RMU, and the property use is multifamily. Per the county, you can have up to 9 units on the property, so there is the possibility of adding an additional 5 units for even more cash flow. There is city water, so no need to deal with wells. There are 2 power poles and at least one septic we know of, but there is probably another septic as well, as 2 of the mobile homes, and wood frame house were occupied. Property was aquired via tax deed, and will be transferred with a quit claim deed. All information to be verified by buyer.

21. 2025-11-02
    historical
22. 2025-10-15
    listed $140,000 Active
23. 2025-05-08
    historical
24. 2025-04-30
    price $174,980
25. 2025-03-20
    price $184,980
26. 2025-01-13
    price $199,980
27. 2025-01-03
    price $214,900
28. 2024-10-09
    price $229,900
29. 2024-09-18
    listed $249,900 Active
30. 2024-08-15
    historical
31. 2024-08-15
    historical
32. 2024-07-17
    price $250,000
33. 2024-07-17
    price $250,000
34. 2024-07-16
    price $199,000
35. 2024-07-16
    price $199,000
36. 2024-07-12
    status Active
37. 2024-07-12
    status Active
38. 2024-04-29
    status Pending
39. 2024-04-29
    status Pending
40. 2024-01-02
    listed $250,000 Active
41. 2024-01-02
    listed $250,000 Active
42. 2023-12-06
    historical
43. 2023-10-18
    listed $250,000 Active

ⓘ 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 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 19 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: $21,150
• − Mortgage interest: −$6,666
• − Property taxes: −$1,785
• − Insurance: −$595
• − Repairs & maintenance: −$1,692
• − Management: −$1,692
• − Depreciation: −$3,462
• Taxable income: $5,258
• Est. tax owed @ 24.0%: −$1,262
• After-tax cash flow: $5,578/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 — Molino

• Score: 76/100
• State rank: #224
• US rank: #3540

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Escambia County · 301,722 people
• Metro: Pensacola-Ferry Pass-Brent, FL
• Population (ZIP): 31,860
• Household income: $86,087
• Rent vs Own: 15.4% rent · 84.6% own
• Severe rent burden: 389.0

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 (74%)
• Race & ethnicity: White 74% Black 12% Two or more races 8% Hispanic / Latino 4% Asian 3%
• Common ancestry: Italian 2% Serbian 2% Lithuanian 2%
• Foreign-born: 3% · Canada, Guatemala, China
• Languages at home: 96% English-only · Spanish 2% Vietnamese 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: ▼ -44.13%
• Current HPI: 259.2605
• Rent YoY: —
• 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

-52.4% since first listed

29 events — show timeline

• 2026-03-03 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-04 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-04 Price Changed $119,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-11-10 Listed $140,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-02 Listing Removed — PARMLS
• 2025-10-15 Listed $140,000 PARMLS
• 2025-05-08 Listing Removed — PARMLS
• 2025-04-30 Price Changed $174,980 PARMLS
• 2025-03-20 Price Changed $184,980 PARMLS
• 2025-01-13 Price Changed $199,980 PARMLS
• 2025-01-03 Price Changed $214,900 PARMLS
• 2024-10-09 Price Changed $229,900 PARMLS
• 2024-09-18 Listed $249,900 PARMLS
• 2024-08-15 Listing Removed — PARMLS
• 2024-08-15 Listing Removed — PARMLS
• 2024-07-17 Price Changed $250,000 PARMLS
• 2024-07-17 Price Changed $250,000 PARMLS
• 2024-07-16 Price Changed $199,000 PARMLS
• 2024-07-16 Price Changed $199,000 PARMLS
• 2024-07-12 Relisted — PARMLS
• 2024-07-12 Relisted — PARMLS
• 2024-04-29 Pending — PARMLS
• 2024-04-29 Pending — PARMLS
• 2024-01-02 Listed $250,000 PARMLS
• 2024-01-02 Listed $250,000 PARMLS
• 2023-12-06 Listing Removed — PARMLS
• 2023-10-18 Listed $250,000 PARMLS

Property tax history

+5.2%/yr

Latest (2025): $111 · -85.0% YoY. Source: county tax records.