5057 Babb Ln · Pea Ridge, FL 32571

$250,000

3 bd · 2.0 ba · 1,430 sqft · SingleFamily public records · 94 Days on market

Built 1975 0.43 ac lot Est $247k · at est.

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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 +14.3/30.0
• ARV discount +7.0/15.0
• Schools +5.3/10.0
• DSCR +4.3/10.0
• Livability +3.5/5.0
• 1% rule +3.2/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MOTIVATED SELLERS! Bring All Offers! Welcome home to this charming 3b/2ba with BONUS room brick home situated on almost 1/2 acre. This classic solid home offers comfortable living spaces and thoughtful updates (2025 WH/ROOF 2020/HVAC updated 2023 Electric Panel & hurricane shutters. ) Fully fenced large back yard. Two detached buildings, one with electric. Additional Lot space, once cleared would make a great spot for Large detached garage, MIL suite or RV/ boat storage. Centrally located in a rural setting yet close to all the conveniences. Utility room located off of kitchen with washer and dryer connections and additional storage. Large screened in porch with ceiling fans and electric for added enjoyment. Step out into the large, fenced in yard with mature flowers and azaleas, plenty of room for a pool and garden. Two detached buidings , one with full electric.

Key facts

• Additional lot space
• Bonus room
• 0.43 acre lot

Tags

• BONUS ROOM
• FULLY FENCED LARGE BACK YARD
• TWO DETACHED BUILDINGS
• ADDITIONAL LOT SPACE
• LARGE SCREENED IN PORCH
• MATURE FLOWERS AND AZALEAS

Property features AI

Finance

• Other: Lot about 0.432 acres; Central access lot feature; Road responsibility: county-maintained
• HOA & community: No homeowners association

Exterior

• Parking: Four total parking spaces; Open parking suitable for boat and RV access/parking; Driveway parking; Guest parking; Front and side entrance parking access
• Utilities: Electric with circuit breakers and copper wiring; Public sewer; Public water (listed under lot/land info)
• Home design: One-story brick home; Resale property; Not attached to another unit; Homestead exempt; Green features include insulation and insulated walls
• Construction: Brick construction; Shingle roof; Off-grade slab foundation; Single-level (one story)
• Exterior features: Covered, screened porch; Patio/porch; Full chain-link fencing in back yard; Yard building (other structure); Paved, county-maintained road access; Public water

Interior

• Kitchen: Updated kitchen; Dishwasher; Refrigerator; Electric water heater; ENERGY STAR qualified water heater
• Bedrooms: Primary bedroom on the first floor (approx. 10.5' x 13')
• Flooring: Hardwood; Tile; Carpet; Simulated wood
• Bathrooms: Two full bathrooms; updated within the last 1–5 years
• Heating & cooling: Central heating; Central air; Ceiling fans for added cooling
• Interior features: Ceiling fans; Chair rail; Bonus room; Insulated doors; Double-pane windows with blinds and shutters; Updated bathrooms (1–5 years); Updated kitchen (walls & cabinets painted within 1–5 years)
• Laundry & utility: Laundry inside with washer/dryer hookups

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $45 ($535/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $204k (18.3% below list).
• Recommended offer: $204k (18.3% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 4.5% in Pea Ridge — 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 (#459 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: amenities F, commute F, health & safety 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.
• Zoned schools: Pea Ridge Elementary School (math 57% / reading 55%, grade C+, #832 of 2,144 statewide, top 40%, 837 students, 60% FRL); Pace High School (math 63% / reading 62%, grade B-, #93 of 667 statewide, top 14%, 2,240 students, 34% FRL).
• Market conditions: Rents rising (+2.7%/yr); 674 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,983 units permitted in Santa Rosa County in 2024 (128 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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

• It's been on market 94 days — a 9% lower offer ($228k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $205k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $204,352 (18.3% below list)

Questions for the listing agent

1. It's been on market 94 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — 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 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?
6. 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?
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: 0.82% ✗
• Cap rate: 6.51%
• Cash-on-cash: 0.76%
• DSCR: 1.03
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $247,390
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4866 Blakemore Dr	0.48mi	3/2.0	1,406 (-2%)	4mo	$299,000	$213	72
4361 W Avenida De Golf	0.44mi	3/1.5	1,371 (-4%)	3mo	$204,000	$149	68
5247 Catalina St	0.63mi	3/2.0	1,430 (0%)	3mo	$251,000	$176	68
5051 Hartley Dr	0.57mi	3/2.0	1,500 (+5%)	3mo	$320,000	$213	62
5270 Barcelona St	0.55mi	3/2.0	1,353 (-5%)	4mo	$228,000	$169	62
4364 W Avenida De Golf	0.47mi	3/1.5	1,325 (-7%)	2mo	$225,000	$170	62
4250 Avenida San Marcus	0.47mi	3/2.0	1,326 (-7%)	6mo	$230,000	$173	61
5045 Hartley Dr	0.58mi	3/2.0	1,500 (+5%)	6mo	$320,000	$213	60
4460 Santa Villa Dr	0.67mi	3/1.5	1,400 (-2%)	4mo	$215,000	$154	60
5301 E Avenida De Golf	0.63mi	3/2.0	1,492 (+4%)	4mo	$221,000	$148	60
5081 Covington Dr	0.67mi	3/2.0	1,496 (+5%)	2mo	$245,000	$164	59
4410 Mundy Ln	0.65mi	2/1.5 (-1)	1,326 (-7%)	5mo	$240,000	$181	47

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 · 2.72% rent growth · sell at horizon

5-year hold

• IRR: -15.4%
• Equity multiple: 0.45×
• Total profit: $-38,311
• Equity at exit: $37,276

10-year hold

• IRR: -7.4%
• Equity multiple: 0.54×
• Total profit: $-32,315
• Equity at exit: $21,615

Cash invested: $70,000 (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 32571

• Home prices YoY: -17.7%
• Rents YoY: 2.7%
• Active inventory: 674
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,044 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$155 /mo · $1,855/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $45

Break-even live

Break-even rent $1,987

Max offer price $250,000

Occupancy floor 93%

Sensitivity live

Price	-10% $186	-5% $115	+0% $45	+5% $-26	+10% $-97
Rent	-10% $-117	-5% $-36	+0% $45	+5% $125	+10% $206
Rate	-1.0pp $170	-0.5pp $108	base $45	+0.5pp $-20	+1.0pp $-86

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4933 Bell Ridge Ln Milton, FL	1.0–3.0	1.0–2.0	865	$1,437	$1.66	15d	8	0.40mi
4836 Covenant Cir Milton, FL	3.0	2.0	1590	$1,875	$1.18	15d	1	0.68mi
5061 Peach Dr Milton, FL	3.0	2.5	1581	$1,850	$1.17	25d	1	0.74mi
5157 Peach Dr Milton, FL	3.0	2.0	1788	$2,100	$1.17	15d	1	0.77mi
4496 Fiske St Milton, FL	3.0	2.0	1418	$1,850	$1.30	15d	1	0.86mi
5240 Peach Dr Unit NA Milton, FL	4.0	2.0	1800	$2,175	$1.21	25d	1	0.87mi
4025 Brittany Ln Milton, FL	3.0	2.0	1405	$1,725	$1.23	23d	1	0.93mi
4413 Oak Vista Ln Milton, FL	1.0–3.0	1.0–2.0	992	$2,354	$2.37	15d	18	0.94mi
4383 Winged Elm Ct Milton, FL	4.0	2.0	1787	$2,050	$1.15	25d	1	1.03mi
4328 Tiger Oak Ct Milton, FL	4.0	2.0	1347	$1,850	$1.37	25d	1	1.05mi
4407 White Cedar Ct Milton, FL	4.0	2.0	1827	$1,925	$1.05	25d	1	1.06mi
4384 White Cedar Ct Milton, FL	4.0	2.0	1827	$2,100	$1.15	25d	1	1.09mi
5418 Peach Dr Milton, FL	3.0	2.0	1611	$2,100	$1.30	25d	1	1.13mi
5574 Peach Dr Milton, FL	3.0	2.0	1475	$1,900	$1.29	25d	1	1.20mi
5508 Peach Dr Milton, FL	3.0	2.0	1764	$2,500	$1.42	25d	1	1.28mi
4624 Malay Cir Milton, FL	4.0	2.0	1787	$2,085	$1.17	15d	1	1.32mi
5320 Cornwall Dr Milton, FL	3.0	2.0	1703	$2,200	$1.29	15d	1	1.40mi

Listing history 27 events

1. 2026-06-22
   days on market $250,000 Active 94 DOM
2. 2026-06-18
   days on market $250,000 Active 91 DOM
3. 2026-06-17
   days on market $250,000 Active 90 DOM
4. 2026-06-16
   days on market $250,000 Active 89 DOM
5. 2026-06-15
   days on market $250,000 Active 88 DOM
6. 2026-06-14
   days on market $250,000 Active 86 DOM
7. 2026-06-10
   days on market $250,000 Active 83 DOM
8. 2026-06-09
   days on market $250,000 Active 82 DOM
9. 2026-06-08
   days on market $250,000 Active 81 DOM
10. 2026-06-07
    days on market $250,000 Active 80 DOM
11. 2026-06-05
    days on market $250,000 Active 77 DOM
12. 2026-06-03
    days on market $250,000 Active 76 DOM
13. 2026-06-02
    days on market $250,000 Active 75 DOM
14. 2026-06-01
    days on market $250,000 Active 74 DOM
15. 2026-05-31
    days on market $250,000 Active 73 DOM
16. 2026-05-31
    days on market $250,000 Active 72 DOM
17. 2026-04-21
    price $250,000

    Show marketing remark (882 chars)

    MOTIVATED SELLERS! Bring All Offers! Welcome home to this charming 3b/2ba with BONUS room brick home situated on almost 1/2 acre. This classic solid home offers comfortable living spaces and thoughtful updates (2025 WH/ROOF 2020/HVAC updated 2023 Electric Panel & hurricane shutters. ) Fully fenced large back yard. Two detached buildings, one with electric. Additional Lot space, once cleared would make a great spot for Large detached garage, MIL suite or RV/ boat storage. Centrally located in a rural setting yet close to all the conveniences. Utility room located off of kitchen with washer and dryer connections and additional storage. Large screened in porch with ceiling fans and electric for added enjoyment. Step out into the large, fenced in yard with mature flowers and azaleas, plenty of room for a pool and garden. Two detached buidings , one with full electric.

18. 2026-04-21
    price $250,000 882-char remark

    Show marketing remark (882 chars)

    MOTIVATED SELLERS! Bring All Offers! Welcome home to this charming 3b/2ba with BONUS room brick home situated on almost 1/2 acre. This classic solid home offers comfortable living spaces and thoughtful updates (2025 WH/ROOF 2020/HVAC updated 2023 Electric Panel & hurricane shutters. ) Fully fenced large back yard. Two detached buildings, one with electric. Additional Lot space, once cleared would make a great spot for Large detached garage, MIL suite or RV/ boat storage. Centrally located in a rural setting yet close to all the conveniences. Utility room located off of kitchen with washer and dryer connections and additional storage. Large screened in porch with ceiling fans and electric for added enjoyment. Step out into the large, fenced in yard with mature flowers and azaleas, plenty of room for a pool and garden. Two detached buidings , one with full electric.

19. 2026-03-19
    listed $258,000 Active
20. 2026-03-18
    listed $258,000 Active 882-char remark

    Show marketing remark (882 chars)

    MOTIVATED SELLERS! Bring All Offers! Welcome home to this charming 3b/2ba with BONUS room brick home situated on almost 1/2 acre. This classic solid home offers comfortable living spaces and thoughtful updates (2025 WH/ROOF 2020/HVAC updated 2023 Electric Panel & hurricane shutters. ) Fully fenced large back yard. Two detached buildings, one with electric. Additional Lot space, once cleared would make a great spot for Large detached garage, MIL suite or RV/ boat storage. Centrally located in a rural setting yet close to all the conveniences. Utility room located off of kitchen with washer and dryer connections and additional storage. Large screened in porch with ceiling fans and electric for added enjoyment. Step out into the large, fenced in yard with mature flowers and azaleas, plenty of room for a pool and garden. Two detached buidings , one with full electric.

21. 2025-06-20
    soldstatus $205,000
22. 2025-06-12
    soldstatus $205,000 Sold 438-char remark

    Show marketing remark (438 chars)

    Unique find in Pace, FL. This brick home on almost HALF AN ACRE has only had 1 owner/occupant since it was built. It has been very well maintained and you can tell the owner cared about this home. 3 Bedrooms, 2 Bathrooms, with a Family/Bonus Room. It's Screened Porch is a great way to be outside without the bugs. There are 2 yard buildings (1 with power) to store tools and lawn equipment. Go see it and make an offer before it's gone!

23. 2025-05-27
    status Pending 438-char remark

    Show marketing remark (438 chars)

    Unique find in Pace, FL. This brick home on almost HALF AN ACRE has only had 1 owner/occupant since it was built. It has been very well maintained and you can tell the owner cared about this home. 3 Bedrooms, 2 Bathrooms, with a Family/Bonus Room. It's Screened Porch is a great way to be outside without the bugs. There are 2 yard buildings (1 with power) to store tools and lawn equipment. Go see it and make an offer before it's gone!

24. 2025-05-15
    historical Contingent 438-char remark

    Show marketing remark (438 chars)

    Unique find in Pace, FL. This brick home on almost HALF AN ACRE has only had 1 owner/occupant since it was built. It has been very well maintained and you can tell the owner cared about this home. 3 Bedrooms, 2 Bathrooms, with a Family/Bonus Room. It's Screened Porch is a great way to be outside without the bugs. There are 2 yard buildings (1 with power) to store tools and lawn equipment. Go see it and make an offer before it's gone!

25. 2025-05-12
    price $220,000 438-char remark

    Show marketing remark (438 chars)

    Unique find in Pace, FL. This brick home on almost HALF AN ACRE has only had 1 owner/occupant since it was built. It has been very well maintained and you can tell the owner cared about this home. 3 Bedrooms, 2 Bathrooms, with a Family/Bonus Room. It's Screened Porch is a great way to be outside without the bugs. There are 2 yard buildings (1 with power) to store tools and lawn equipment. Go see it and make an offer before it's gone!

26. 2025-04-18
    listed $235,000 Active 438-char remark

    Show marketing remark (438 chars)

    Unique find in Pace, FL. This brick home on almost HALF AN ACRE has only had 1 owner/occupant since it was built. It has been very well maintained and you can tell the owner cared about this home. 3 Bedrooms, 2 Bathrooms, with a Family/Bonus Room. It's Screened Porch is a great way to be outside without the bugs. There are 2 yard buildings (1 with power) to store tools and lawn equipment. Go see it and make an offer before it's gone!

27. 1976-01-01
    soldstatus $28,500

ⓘ 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: $1,855 · $155/mo
• Projected year-2 tax: $2,075 · $173/mo
• Expected delta: +$220/yr (+$18/mo · 11.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 21 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: $24,522
• − Mortgage interest: −$14,004
• − Property taxes: −$1,855
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,962
• − Management: −$1,962
• − Depreciation: −$7,273
• Taxable loss: −$3,783
• Est. tax savings @ 24.0%: +$908
• After-tax cash flow: $1,443/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 — Pea Ridge

• Score: 69/100
• State rank: #459
• US rank: #8316

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

• Census place: Pea Ridge, FL
• County: Santa Rosa County · 194,764 people
• Metro: Pensacola-Ferry Pass-Brent, FL
• Population (ZIP): 42,171
• Household income: $87,617
• Rent vs Own: 16.1% rent · 83.9% own
• Severe rent burden: 301.0

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 9% Hispanic / Latino 6% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 4% Italian 3% Slovak 2%
• Foreign-born: 6% · Canada, South Korea
• Languages at home: 93% English-only · Spanish 2% Other Indo-European 1% Russian/Polish/Slavic 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: ▼ -62.39%
• Current HPI: 290.2953
• Rent YoY: ▲ 2.72%
• 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

+777.2% since first listed

11 events — show timeline

• 2026-04-21 Price Changed $250,000 PARMLS
• 2026-04-21 Price Changed $250,000 NAMLS
• 2026-03-19 Listed $258,000 PARMLS
• 2026-03-18 Listed $258,000 NAMLS
• 2025-06-20 Sold (Public Records) $205,000 Public Records
• 2025-06-12 Sold (MLS) $205,000 PARMLS
• 2025-05-27 Pending — PARMLS
• 2025-05-15 Contingent — PARMLS
• 2025-05-12 Price Changed $220,000 PARMLS
• 2025-04-18 Listed $235,000 PARMLS
• 1976-01-01 Sold (Public Records) $28,500 Public Records

Property tax history

+16.6%/yr

Latest (2025): $1,855 · +2.8% YoY. Source: county tax records.