6702 White Oak Drive, Pensacola, FL
9.72% return
LP:
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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 bedrooms4
  • Total bathrooms2.5
  • Building size2825 sq. ft.
  • Lot size0.4 acres
  • Year built1964
  • CountyEscambia County
  • SubdivisionOAKFIELD ACRES
  • ConstructionBrick
  • RoofGABLE
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral

Property Financial Summary

  • Asking price $149,900
  • Estimated rehab 1 $25,000
  • Total investment $174,900
  • Type Proforma
  • 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 return 12.35%
  • Gross income (monthly) $1,800
  • Operating expenses (monthly) $383
  • Net income (monthly) $1,417
  • Net return 9.72%

Property Income & Expenses

  • Income
  • Entire property $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.

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