161 Caswell Branch Road
About This Property
Inside, you'll find thoughtful finishes including crown molding, granite countertops, and durable LVP flooring. Built with Florida living in mind, the home is constructed to withstand 165 mph winds and features double-pane windows, a metal roof, Hardie board siding, and extra insulation for improved energy efficiency.
The property has also been part of a successful rental portfolio, generating approximately $1,700 per month, making it an attractive option for investors or those looking for a home with rental potential.
Situated on a nice size lot, even better, the adjoining lot is available for sale, with all tap fees already paid--providing an exciting opportunity to expand, build another home, or create additional investment potential.
A charming home, strong construction, generous outdoor space, and future possibilities all in one Florida property!
Easy access to Destin or 30A !!!
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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 23, 2026 | Listed by Mckenzie Claire Real Estate Group LLC | $190,999 | |
| Listed by Mckenzie Claire Real Estate Group LLC | |||
| Jun 28, 2025 | Listed | $209,000 | |
| Listed | |||
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Tiny Home! Adorable Florida Cottage with a large open deck wrapping around the front and down the length of the home. Featuring crown mounding, granite countertops, built-in dresser, and tile throughout. Built strong to withstand 165 mph winds, with double-pane windows, metal roof, Hardie board siding, extra insulation for energy efficiency, and 2 mini-split a/c units to keep you cool. The home has been part of a rental portfolio generating approx $1400/monthly. Enjoy a larger yard (approx 1/4 acre), or build on the adjoining lot, all tap fees are paid!
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| Apr 29, 2024 | No longer available | - | |
| No longer available | |||
| Dec 19, 2023 | Price Decreased |
$250,000
↓ $20K
(7.4%) | |
| Price Decreased | |||
| Nov 10, 2023 | Listed by EXP REALTY LLC | $270,000 | |
| Listed by EXP REALTY LLC | |||
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Income Producing Property! Charming one bedroom cottage offers a serene getaway, nestled on a lot graced by magnificent trees with a fire pit outside. One Bedroom, One Bath, vinyl hardwood flooring, granite, washer and dryer included. Beautiful porch with view of trees and a great fenced in yard. All utility tap fees have been fully covered. Located 15 minutes from the pristine beaches of Florida's Emerald Gulf Coast, this property is perfectly situated for those seeking rental income opportunities. This residence is constructed with resilience in mind, capable of withstanding winds up to 165 mph.Adjoining two lots may also be purchased. The manager has listed the unit size as 650 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017