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1379 Joe Neel Road
About This Property
The heart of the home is the large great room, highlighted by a wood-burning fireplace and impressive 12-foot ceilings that continue through the foyer, hallway, and kitchen. The spacious kitchen features a center island with a prep sink and plenty of room for gathering, while the formal dining room is ideal for family meals and entertaining. Ceramic tile flooring runs throughout the home for easy maintenance.
An enclosed porch stretches across the entire back of the home, creating a wonderful space to relax and enjoy views of the beautiful yard. Additional features include ranch-style wood fencing along three sides of the property and an oversized attached garage offering plenty of parking and storage. This well-appointed country home combines space, privacy, and functionality just outside of Chipley.
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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 |
|---|---|---|---|
| Sep 1, 2026 | Listed by Real Broker LLC | $309,000 | |
| Listed by Real Broker LLC | |||
| Feb 7, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017