224 E Garden St APT 217PensacolaFL32502
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowA DSCR of 1.94 makes 224 E Garden St APT 217, Pensacola, FL, 32502 in Pensacola one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 10.48%.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 5.8% |
| Monthly Cash Flow | $(941) | $320 |
City averages based on Pensacola market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,222 |
| Total Monthly Debt Service | $2,107 |
| DSCR Ratio | 0.58x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1973
4.01 Acres lot
$N/A/sqft
$14,119 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32502, Pensacola, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,918 (100%) |
| Owner Occupied HU | 1,203 (41.2%) |
| Renter Occupied HU | 1,192 (40.8%) |
| Vacant Housing Units | 523 (17.9%) |
| Median Home Value | $326,471 |
| Average Home Value | $396,199 |
Housing Distribution
Address Breakdown
Residential
2,840
Single Family
2,705
Multi-Family
135
Businesses
1,144
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 1973
4.01 Acres lot
$N/A/sqft
$14,119 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32502, Pensacola, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,918 (100%) |
| Owner Occupied HU | 1,203 (41.2%) |
| Renter Occupied HU | 1,192 (40.8%) |
| Vacant Housing Units | 523 (17.9%) |
| Median Home Value | $326,471 |
| Average Home Value | $396,199 |
Housing Distribution
Address Breakdown
Residential
2,840
Single Family
2,705
Multi-Family
135
Businesses
1,144
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Charlene Young • Seville Square Realty, LLC
Mls Name: PAR
Mls Provider:
Mls ID: #657714
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