42
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1607 Hwy 71 S
About This Property
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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 |
|---|---|---|---|
| Aug 25, 2026 | Listed by Rish Real Estate Group LLC | $259,900 | |
| Listed by Rish Real Estate Group LLC | |||
| Feb 1, 2024 | No longer available | - | |
| No longer available | |||
| Jan 19, 2024 | In contract | - | |
| In contract | |||
| Dec 14, 2023 | Listed by Rish Real Estate Group | $119,900 | |
| Listed by Rish Real Estate Group | |||
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Options galore. Existing home is a charming shotgun style bungalow that is on over .8 acres just south of Wewahitchka. This 2 bedroom 1 bath is a handyman's special with over 170' of Highway 71 road frontage and plenty of cleared usable backyard. Great bones with wood ceilings and flooring under the existing floor and ceiling coverings. Plenty of room for all the toys that an outdoor enthusiast needs with two existing out shelters. RV acceptable lot so one could enjoy the property while renovating the house if needed. 2 minutes south of downtown Wewahichka and only 5 to 10 minutes from the world famous Dead Lakes and Chipola River. Only 20 to 25 minutes to Port St. Joe or Mexico Beach. Subject property is part of parcel ID 02577-000R. Seller will cut out as described per MLS The manager has listed the unit size as 1227 square feet.
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| Nov 16, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017