176 Millet Cir
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Pine Meadow Elementary School
Ransom Middle School
J. M. Tate Senior High School
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
176 Millet Cir represents a standard entry-level investment in the Cantonment submarket of Pensacola. At $265,000, the entry price is accessible, and the 3-bed, 2-bath configuration is ideal for the local rental demographic. However, a 7.1% gross rental yield is relatively thin for Florida, where escalating property insurance premiums and tax reassessments can quickly erode Net Operating Income. While the 4% appreciation is steady, it reflects a stable suburb rather than a high-growth corridor. Conservative modeling suggests a net cap rate around 5.3%, making this a low-risk but low-yield utility play for long-term hold portfolios rather than a cash-flow powerhouse.
- • Affordable entry price point for the Florida single-family market
- • High demand for 3/2 configurations among local workforce and military families
- • Stable suburban location with consistent historical occupancy
- • High insurance volatility typical of the Florida panhandle
- • Narrow margin for net cash flow after accounting for management and maintenance
- • Limited immediate economic catalysts for above-average appreciation
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-04-25 | Pending sale | $265,000 | $175 |
| 2026-04-24 | Sold | $273,000 | $181 |
| 2026-03-16 | Contingent | $265,000 | $175 |
| 2026-03-05 | Listed for sale | $265,000 | $175 |
| 2019-05-31 | Sold | $173,500 | $115 |
| 2019-04-26 | Listed for sale | $174,900 | $116 |
| 2015-12-18 | Sold | $145,500 | $96 |
| 2015-10-26 | Listed for sale | $150,000 | $99 |
| 2013-09-10 | Sold | $139,900 | $93 |
| 2013-06-23 | Price change | $139,900 | $93 |
| 2013-05-23 | Price change | $146,000 | $97 |
| 2013-05-03 | Price change | $155,000 | $103 |
| 2013-04-24 | Listed for sale | $164,500 | $109 |
| 2009-12-03 | Sold | $147,600 | $98 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2024 | $1,661.77 | $236,447 |
| 2023 | $1,643.55 | $227,643 |
| 2022 | $1,599.8 | $203,340 |
| 2021 | $1,593.49 | $166,978 |
| 2020 | $1,550.84 | $143,358 |
| 2019 | $1,216.93 | $136,343 |
| 2018 | $1,216.93 | $120,728 |
| 2017 | $1,211.05 | $118,245 |
| 2016 | $1,203.08 | $115,813 |
| 2015 | $1,189.13 | $111,473 |
| 2014 | $1,189.13 | $110,589 |
| 2013 | $0 | $100,704 |
| 2012 | $0 | $100,704 |
| 2011 | $0 | $101,020 |
| 2010 | $0 | $106,172 |
| 2009 | $0 | $3,230 |
Property Specs
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $13,734/yr
On $60,950 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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