1993 Varnum Road
About This Property
Country Living with Room to Grow! This 3BR/2BA ranch-style home offers the perfect opportunity to enjoy a little space and start your own mini-farm on 4.66+/- acres. The spacious kitchen and dining area provide plenty of room for the entire family to gather, while the large new walk-in pantry and oversized laundry room offer the storage and functionality that make country and farm life a little easier. Recent improvements include fresh interior paint, new LVP flooring throughout, remodeled second bathroom, 2025 roof, 2025 water heater, and 2022 HVAC. Outside, you'll find two electrical meters, an RV hookup, functional workshop, and pole barn providing plenty of room for equipment, tools, storage, or hobbies. To top things off your property is mostly fenced in and features a new covered back porch and an awesome open deck that is perfect for entertaining or relaxing while you sit back and enjoy the country views looking out over your own paradise. Your new home is located less than 10 minutes to Florala/Lake Jackson, approximately 25 minutes to Crestview, and about an hour to Destin and the Emerald Coast beaches. Bring your vision and make this country property your own!
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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 2, 2026 | Price Decreased |
$299,900
↓ $10K
(3.2%) | |
| Price Decreased | |||
| Sep 4, 2026 | Price Decreased |
$309,900
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Aug 22, 2026 | Price Decreased |
$319,900
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Aug 14, 2026 | Listed by RE/MAX Agency One | $325,000 | |
| Listed by RE/MAX Agency One | |||
| Nov 4, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017