121 W Garfield Dr, Pensacola, FL 32505

Pensacola, FL 32505 · 3 bd · 1 ba · 782 sqft · Single Family · 205 days on market

The math, in full

Asking price: $136,000
Down payment (15%): $20,400
Loan amount: $115,600
Est. monthly rent: $1,500/mo; Range $1,275–$1,725/mo
Monthly payment, all-in: $1,117/mo; Mortgage + taxes + insurance (PITIA)
Cashflow ratio (DSCR): 1.34; $1,500 rent ÷ $1,117 payment
Monthly cashflow: +$383/mo; What's left after the payment

Where the rent number comes from

Median asking rent for 3-bedroom homes in zip 32505, from current market comps — not a per-property guess. High confidence — plenty of comparable rentals in this zip.

Cash to start

$20,400

15% down on $136,000

Your local lender

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No credit pull. No obligation. A loan officer confirms real terms within one business day.

Screened against real lending criteria — this one fits 2 programs.
Qualifies on the property's rent — no W-2 or tax returns.
Listing data verified as of June 9, 2026.

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Rent, payment, and cashflow figures are estimates based on current market data and business-purpose investment-loan criteria, for non-owner-occupied property. Not a commitment to lend, not financial advice, and not an offer of any specific loan or property. Listing data may change; properties may sell. All terms confirmed by a loan officer and subject to underwriting and appraisal.