6702 White Oak Drive, Pensacola, FL

9.72% return

SP: $149,900

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Property Description

Located just off the center of town. 2-story traditional style home in Oakfield Acres. This 4 bedroom 2.5 bathroom, 2 car garage home has all the space you need for a large family or for entertaining guests! This Brick home has a large extended front porch and fenced in backyard w/a Back Patio screened porch. The living room features hardwood floors, a full brick wall fireplace and a bay window for expansive natural light. Formal dining room and eat-in kitchen. Galley style kitchen with a split stove top and built-in oven with all wood cabinets and laminate countertops. The spacious bedrooms are situated upstairs for convenience. The master bedroom suite features a solid surface double vanity, tile flooring and a stand up shower. All of this with a front entrance 2-car garage. Needs Basic Updating.

Property Information

Listing statusSold
Property typeSingle Family
Total units1
Total bedrooms4
Total bathrooms2.5
Building size2825 sq. ft.
Lot size0.4 acres
Year built1964

CountyEscambia County
SubdivisionOAKFIELD ACRES
ConstructionBrick
RoofGABLE
Water sourceCity water
Water disposalSewer
HeatingCentral
CoolingCentral air

Property Financial Summary

Sale price$149,900
Estimated rehab¹$25,000
Total investment$174,900

TypeProforma
After repair value$220,000
Potential profit$45,100

Gross income (annually)$21,600
Operating expenses (annually)$4,601
Net income (annually)$16,999
Gross return12.35%

Gross income (monthly)$1,800
Operating expenses (monthly)$383
Net income (monthly)$1,417
Net return9.72%

Property Income & ExpensesMonthlyAnnual

Income

4 bed / 2.5 bath$1,800/month$21,600/year
Total$1,800/month$21,600/year

Expenses

Property Taxes$175/month$2,101/year
Insurance$125/month$1,500/year
Maintenance reserve$83/month$1,000/year
Total$383/month$4,601/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.