2303 W Michigan Ave APT A6PensacolaFL32526
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 2303 W Michigan Ave APT A6, Pensacola, FL, 32526 in Pensacola hard to pass up. The 16.26% gross yield on a $139,000 purchase results in $1,884/mo in rent and $682/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.01). Annual cash flow of $8,179, five-year appreciation of $38,403, and $1,280/yr in equity build-up combine for a projected total cumulative return of $98,060.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.3% | 5.8% |
| Monthly Cash Flow | $682 | $320 |
City averages based on Pensacola market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,884 |
| Total Monthly Debt Service | $1,147 |
| DSCR Ratio | 1.64x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1983
5.23 Acres lot
$N/A/sqft
$3,360 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32526, Pensacola, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,222 (100%) |
| Owner Occupied HU | 14,583 (68.7%) |
| Renter Occupied HU | 5,208 (24.5%) |
| Vacant Housing Units | 1,431 ( 6.7%) |
| Median Home Value | $316,642 |
| Average Home Value | $377,355 |
Housing Distribution
Address Breakdown
Residential
20,453
Single Family
19,731
Multi-Family
722
Businesses
481
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 1983
5.23 Acres lot
$N/A/sqft
$3,360 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32526, Pensacola, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,222 (100%) |
| Owner Occupied HU | 14,583 (68.7%) |
| Renter Occupied HU | 5,208 (24.5%) |
| Vacant Housing Units | 1,431 ( 6.7%) |
| Median Home Value | $316,642 |
| Average Home Value | $377,355 |
Housing Distribution
Address Breakdown
Residential
20,453
Single Family
19,731
Multi-Family
722
Businesses
481
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices