8615 Chemstrand Rd, Pensacola, FL
16.72% return
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Property Description

Tons of Potential! Needs updating. Spacious Home with a HUGE Fully Fenced Yard. Formal Living Room, large bonus room w/fireplace, country kitchen/dining area, utility porch and 3 spacious bedrooms including a master suite w/en suite. Blocks from 9 Mile Rd. & Pensacola Blvd. This location offers tons of everyday amenities minutes from the home.

Property Information

  • Listing statusSold
  • Property typeSingle Family
  • Total bedrooms3
  • Total bathrooms2
  • Building size1485 sq. ft.
  • Lot size0.3 acres
  • Year built1966
  • CountyEscambia County
  • Subdivision
  • ConstructionBrick
  • Water source(unknown)
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral air

Property Financial Summary

  • Asking price $67,000
  • Estimated rehab 1 $0
  • Total investment $67,000
  • Type Actual
  • Gross income (annually) $14,400
  • Operating expenses (annually) $3,195
  • Net income (annually) $11,205
  • Gross return 21.49%
  • Gross income (monthly) $1,200
  • Operating expenses (monthly) $266
  • Net income (monthly) $934
  • Net return 16.72%

Property Income & Expenses

  • Income
  • Entire property $1,200/month $14,400/year
  • Total $1,200/month $14,400/year
  • Expenses
  • Lawn care $40/month $480/year
  • Pest Control $15/month $180/year
  • Maintenance reserve $125/month $1,500/year
  • Insurance $86/month $1,035/year
  • Total $266/month $3,195/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

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