105 SE Kalash Rd · Warrington, FL 32507

$165,000

3 bd · 1.0 ba · 1,126 sqft · SingleFamily public records · 262 Days on market

Built 1945 7,392 sqft lot $147/sqft · 28% below area Est $229k · 28% under

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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 +24.2/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• 1% rule +5.8/10.0
• Schools +3.6/10.0
• Livability +3.2/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor special in Navy Point! This 3-bedroom, 1-bath home offers great rental potential or a solid long-term investment. Navy Point is a popular community with a waterfront vibe. Enjoy walking and biking trails, a public boat ramp, pet-friendly parks, and a neighborhood playground. It’s just minutes to NAS Pensacola, the beaches, and only a short drive to Downtown. Inside, the home has a simple, functional layout with three comfortable bedrooms, making it tenant-ready or a good candidate for updates down the road. The property is currently rented at $1,375/month, making it an easy addition to your portfolio. The yard provides space for extra parking, a boat or future improvements.

Key facts

• Pet-friendly parks
• Waterfront vibe
• Public boat ramp

Tags

• WATERFRONT VIBE
• WALKING AND BIKING TRAILS
• PUBLIC BOAT RAMP
• PET-FRIENDLY PARKS
• NEIGHBORHOOD PLAYGROUND
• MINUTES TO NAS PENSACOLA

🏷️ Possibly a rental listed for sale. The $165,000 price doesn't fit this home's estimated sale value (~$229,264) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $328 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 4.3% in Warrington — 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 65/100 on livability (#631 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; 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 (+1.2%/yr); 702 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $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 262 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 25y 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.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 262 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 1945 — 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. 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: 1.08% ✓
• Cap rate: 8.68%
• Cash-on-cash: 8.53%
• DSCR: 1.38
• GRM: 7.7

CMA / ARV

• ARV (median comp): $229,264
• List price: $165,000
• Delta: -28.03%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
316 W Sunset Ave	0.17mi	3/1.0	1,200 (+7%)	3mo	$100,000	$83	79
306 SE Kalash Rd	0.29mi	3/2.0	1,112 (-1%)	5mo	$249,900	$225	76
106 Payne Rd	0.10mi	2/1.0 (-1)	1,041 (-8%)	3mo	$229,000	$220	76
213 Bryant Rd	0.17mi	4/1.0 (+1)	1,187 (+5%)	4mo	$165,000	$139	75
219 Greve Rd	0.06mi	4/2.0 (+1)	1,272 (+13%)	1mo	$167,000	$131	66
311 Flannan Rd	0.26mi	3/2.0	1,256 (+12%)	2mo	$265,000	$211	63
413 S 2nd St	0.66mi	2/1.0 (-1)	1,124 (-0%)	2mo	$220,000	$196	63
112 Cousineau Rd	0.38mi	2/1.0 (-1)	1,030 (-8%)	2mo	$270,000	$262	61
10 N Runyan St	0.70mi	3/1.0	1,080 (-4%)	3mo	$105,000	$97	58
10 N Jamaica St	0.68mi	3/2.0	1,175 (+4%)	2mo	$205,000	$174	55
553 S 1st St	0.69mi	2/2.0 (-1)	1,060 (-6%)	7mo	$200,000	$189	43
1261 Hawthorn Dr	0.73mi	4/2.0 (+1)	1,264 (+12%)	3mo	$206,000	$163	34

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 · 1.22% rent growth · sell at horizon

5-year hold

• IRR: -5.3%
• Equity multiple: 0.81×
• Total profit: $-8,985
• Equity at exit: $24,602

10-year hold

• IRR: 2.2%
• Equity multiple: 1.14×
• Total profit: $6,611
• Equity at exit: $14,266

Cash invested: $46,200 (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 32507

• Home prices YoY: -4.6%
• Rents YoY: 1.2%
• Active inventory: 702
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,787 high
• Mortgage (P&I): −$865
• Tax from tax record: −$149 /mo · $1,793/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $328

Break-even live

Break-even rent $1,371

Max offer price $165,000

Occupancy floor 77%

Sensitivity live

Price	-10% $422	-5% $375	+0% $328	+5% $282	+10% $235
Rent	-10% $187	-5% $258	+0% $328	+5% $399	+10% $469
Rate	-1.0pp $411	-0.5pp $370	base $328	+0.5pp $285	+1.0pp $242

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
102 SE Kalash Rd Pensacola, FL	4.0	2.0	1029	$1,800	$1.75	24d	1	0.03mi
103 NW Kalash Rd Pensacola, FL	2.0	1.0	1250	$1,400	$1.12	24d	1	0.19mi
300 Gibbs Rd Pensacola, FL	3.0	2.5	1377	$1,999	$1.45	24d	1	0.25mi
315 Flannan Rd Pensacola, FL	3.0	1.0	836	$1,745	$2.09	14d	1	0.29mi
206 Berry Rd Pensacola, FL	3.0	2.0	1488	$2,000	$1.34	24d	1	0.31mi
718 Mills Ave Unit A Pensacola, FL	2.0	1.0	728	$1,200	$1.65	24d	1	0.47mi
2 E Sunset Ave Unit 3 Pensacola, FL	2.0	1.0	806	$1,350	$1.67	24d	1	0.56mi
210 S 2nd St Pensacola, FL	3.0	2.0	1232	$1,900	$1.54	24d	1	0.71mi
99 S 3rd St Unit 3 Pensacola, FL	2.0	1.5	900	$1,259	$1.40	24d	1	0.83mi
405 E Palmetto Ave Pensacola, FL	2.0	1.0	900	$1,800	$2.00	24d	1	0.88mi
7 Mindoro Cir Pensacola, FL	3.0	1.0	924	$1,395	$1.51	24d	1	0.95mi
26 N Lincoln Rd Unit B Pensacola, FL	2.0	1.0	759	$1,050	$1.38	14d	1	0.95mi
45 W Carver Dr Pensacola, FL	3.0	1.0	940	$1,325	$1.41	24d	1	0.96mi
1120 S Old Corry Field Rd Pensacola, FL	3.0	1.0	1000	$1,295	$1.29	24d	1	1.16mi
1007 Winton Ave Unit B Pensacola, FL	2.0	1.0	810	$1,295	$1.60	24d	1	1.23mi

Listing history 25 events

1. 2026-06-14
   statusdays on market $165,000 Pending 262 DOM
2. 2026-06-10
   days on market $165,000 Active 261 DOM
3. 2026-06-09
   days on market $165,000 Active 260 DOM
4. 2026-06-08
   days on market $165,000 Active 259 DOM
5. 2026-06-07
   days on market $165,000 Active 258 DOM
6. 2026-06-03
   days on market $165,000 Active 254 DOM
7. 2026-06-02
   days on market $165,000 Active 253 DOM
8. 2026-06-01
   days on market $165,000 Active 252 DOM
9. 2026-05-31
   days on market $165,000 Active 251 DOM
10. 2026-05-31
    days on market $165,000 Active 250 DOM
11. 2026-05-02
    status Active 698-char remark

    Show marketing remark (698 chars)

    Investor special in Navy Point! This 3-bedroom, 1-bath home offers great rental potential or a solid long-term investment. Navy Point is a popular community with a waterfront vibe. Enjoy walking and biking trails, a public boat ramp, pet-friendly parks, and a neighborhood playground. It’s just minutes to NAS Pensacola, the beaches, and only a short drive to Downtown. Inside, the home has a simple, functional layout with three comfortable bedrooms, making it tenant-ready or a good candidate for updates down the road. The property is currently rented at $1,375/month, making it an easy addition to your portfolio. The yard provides space for extra parking, a boat or future improvements.

12. 2026-04-29
    status Pending 698-char remark

    Show marketing remark (698 chars)

    Investor special in Navy Point! This 3-bedroom, 1-bath home offers great rental potential or a solid long-term investment. Navy Point is a popular community with a waterfront vibe. Enjoy walking and biking trails, a public boat ramp, pet-friendly parks, and a neighborhood playground. It’s just minutes to NAS Pensacola, the beaches, and only a short drive to Downtown. Inside, the home has a simple, functional layout with three comfortable bedrooms, making it tenant-ready or a good candidate for updates down the road. The property is currently rented at $1,375/month, making it an easy addition to your portfolio. The yard provides space for extra parking, a boat or future improvements.

13. 2026-03-12
    price $166,000 698-char remark

    Show marketing remark (698 chars)

    Investor special in Navy Point! This 3-bedroom, 1-bath home offers great rental potential or a solid long-term investment. Navy Point is a popular community with a waterfront vibe. Enjoy walking and biking trails, a public boat ramp, pet-friendly parks, and a neighborhood playground. It’s just minutes to NAS Pensacola, the beaches, and only a short drive to Downtown. Inside, the home has a simple, functional layout with three comfortable bedrooms, making it tenant-ready or a good candidate for updates down the road. The property is currently rented at $1,375/month, making it an easy addition to your portfolio. The yard provides space for extra parking, a boat or future improvements.

14. 2026-01-27
    price $167,000 698-char remark

    Show marketing remark (698 chars)

    Investor special in Navy Point! This 3-bedroom, 1-bath home offers great rental potential or a solid long-term investment. Navy Point is a popular community with a waterfront vibe. Enjoy walking and biking trails, a public boat ramp, pet-friendly parks, and a neighborhood playground. It’s just minutes to NAS Pensacola, the beaches, and only a short drive to Downtown. Inside, the home has a simple, functional layout with three comfortable bedrooms, making it tenant-ready or a good candidate for updates down the road. The property is currently rented at $1,375/month, making it an easy addition to your portfolio. The yard provides space for extra parking, a boat or future improvements.

15. 2025-11-20
    price $168,000 698-char remark

    Show marketing remark (698 chars)

    Investor special in Navy Point! This 3-bedroom, 1-bath home offers great rental potential or a solid long-term investment. Navy Point is a popular community with a waterfront vibe. Enjoy walking and biking trails, a public boat ramp, pet-friendly parks, and a neighborhood playground. It’s just minutes to NAS Pensacola, the beaches, and only a short drive to Downtown. Inside, the home has a simple, functional layout with three comfortable bedrooms, making it tenant-ready or a good candidate for updates down the road. The property is currently rented at $1,375/month, making it an easy addition to your portfolio. The yard provides space for extra parking, a boat or future improvements.

16. 2025-09-19
    listed $169,000 Active 698-char remark

    Show marketing remark (698 chars)

    Investor special in Navy Point! This 3-bedroom, 1-bath home offers great rental potential or a solid long-term investment. Navy Point is a popular community with a waterfront vibe. Enjoy walking and biking trails, a public boat ramp, pet-friendly parks, and a neighborhood playground. It’s just minutes to NAS Pensacola, the beaches, and only a short drive to Downtown. Inside, the home has a simple, functional layout with three comfortable bedrooms, making it tenant-ready or a good candidate for updates down the road. The property is currently rented at $1,375/month, making it an easy addition to your portfolio. The yard provides space for extra parking, a boat or future improvements.

17. 2025-09-19
    historical

    Show marketing remark (698 chars)

    Investor special in Navy Point! This 3-bedroom, 1-bath home offers great rental potential or a solid long-term investment. Navy Point is a popular community with a waterfront vibe. Enjoy walking and biking trails, a public boat ramp, pet-friendly parks, and a neighborhood playground. It’s just minutes to NAS Pensacola, the beaches, and only a short drive to Downtown. Inside, the home has a simple, functional layout with three comfortable bedrooms, making it tenant-ready or a good candidate for updates down the road. The property is currently rented at $1,375/month, making it an easy addition to your portfolio. The yard provides space for extra parking, a boat or future improvements.

18. 2025-09-12
    historical Contingent
19. 2025-09-11
    historical
20. 2025-08-29
    historical Contingent
21. 2025-07-10
    listed $169,000 Active
22. 2010-08-26
    soldstatus $753,600
23. 2004-04-23
    soldstatus $345,900
24. 2001-04-04
    soldstatus $24,000
25. 2001-03-12
    listed $39,000

ⓘ 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: $1,793 · $149/mo
• Projected year-2 tax: $1,793 · $149/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 3/10 Moderate FEMA zone X (unshaded) · 9% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 24 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: $21,443
• − Mortgage interest: −$9,243
• − Property taxes: −$1,793
• − Insurance: −$825
• − Repairs & maintenance: −$1,715
• − Management: −$1,715
• − Depreciation: −$4,800
• Taxable income: $1,352
• Est. tax owed @ 24.0%: −$324
• After-tax cash flow: $3,614/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 — Warrington

• Score: 65/100
• State rank: #631
• US rank: #12396

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Warrington, FL
• County: Escambia County · 301,722 people
• Metro: Pensacola-Ferry Pass-Brent, FL
• Population (ZIP): 32,226
• Household income: $73,540
• Rent vs Own: 34.6% rent · 65.4% own
• Severe rent burden: 1175.0

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 (73%)
• Race & ethnicity: White 73% Black 10% Two or more races 10% Hispanic / Latino 7% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Slovak 3% Lithuanian 2% Romanian 2%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 4% Other Asian/Pacific 1% French/Haitian/Cajun 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: ▼ -26.23%
• Current HPI: 548.03
• Rent YoY: ▲ 1.22%
• 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

+325.6% since first listed

15 events — show timeline

• 2026-05-02 Relisted — PARMLS
• 2026-04-29 Pending — PARMLS
• 2026-03-12 Price Changed $166,000 PARMLS
• 2026-01-27 Price Changed $167,000 PARMLS
• 2025-11-20 Price Changed $168,000 PARMLS
• 2025-09-19 Listing Removed — PARMLS
• 2025-09-19 Listed $169,000 PARMLS
• 2025-09-12 Contingent — PARMLS
• 2025-09-11 Listing Removed — PARMLS
• 2025-08-29 Contingent — PARMLS
• 2025-07-10 Listed $169,000 PARMLS
• 2010-08-26 Sold (Public Records) $753,600 Public Records
• 2004-04-23 Sold (Public Records) $345,900 Public Records
• 2001-04-04 Sold (MLS) $24,000 PARMLS
• 2001-03-12 Listed $39,000 PARMLS

Property tax history

+7.7%/yr

Latest (2025): $1,793 · +19.7% YoY. Source: county tax records.