1225 Rhonda Drive
About This Property
Real wood floors on the main level and granite countertops provide a great starting point for your personal updates. An additional downstairs bonus room off the garage has its own bathroom and a separate exit to a deck; the room has no closet.
Two decks with recently refreshed paint offer space to enjoy the outdoor setting. The refrigerator is approximately 2 years old, and the approximately 3-year-old washer and dryer stay. Reported ages include roof approximately 8 years, HVAC approximately 7 years, water heater approximately 3 years and windows approximately 10 years.
Upstairs flooring, minor cosmetic improvements and cabinet painting or replacement are needed.
Bring your vision to make this Niceville property your own. Property details and ages are reported; buyer to verify
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2026 | Listed by Joseph Walter Realty LLC | $335,000 | |
| Listed by Joseph Walter Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017