25 Norwood Drive, Pensacola, FL
12.98% return
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Property Description

HOTT!!! Cheap rental. Insane value. Amazing returns on investment. 2 Bed/1 bath Home. Fully occupied. Approximately 1015 square feet and was built in 1953. This home will appreciate while generating a 12% return on investment!!!

Property Information

  • Listing statusCancelled
  • Property typeSingle Family
  • Total bedrooms2
  • Total bathrooms1
  • Building size1015 sq. ft.
  • Lot size0.2 acres
  • Year built1953
  • CountyEscambia County
  • SubdivisionPen Haven Add 01
  • ConstructionCBS
  • Water sourceCity
  • Water disposalSewer

Property Financial Summary

  • Asking price $34,900
  • Estimated rehab 1 $0
  • Total investment $34,900
  • Type Actual
  • After repair value
  • Potential profit
  • Gross income (annually) $6,000
  • Operating expenses (annually) $1,471
  • Net income (annually) $4,529
  • Gross return 17.19%
  • Gross income (monthly) $500
  • Operating expenses (monthly) $123
  • Net income (monthly) $377
  • Net return 12.98%

Property Income & Expenses

  • Income
  • Entire property $500/month $6,000/year
  • Total $500/month $6,000/year
  • Expenses
  • Property Taxes $56/month $671/year
  • Insurance $67/month $800/year
  • Total $123/month $1,471/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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