220 Edge Avenue
About This Property
Step inside to discover brand-new luxury vinyl plank flooring in all main living areas, plush carpet in the bedrooms, and freshly textured drywall with modern paint tones throughout. Every detail has been refreshed - from the new lighting fixtures to the double-pane windows and doors that flood the home with natural light.
The kitchen is the star of the show, featuring crisp white shaker soft-close cabinetry, sleek quartz countertops, stainless-steel appliances, and a gas range for the cook who loves precision and performance. Both bathrooms shine with new tubs, quartz-top vanities, upgraded plumbing valves, and beautiful tile surrounds.
The exterior is just as impressive with new cement board and batten siding overlapping the brick for a classic yet contemporary look, complemented by a brand-new front door. Major updates have been completed where it counts electrical and plumbing have been upgraded, the home includes a tankless gas water heater for efficiency, and the durable metal roof was installed in 2024.
Located just minutes from Eglin AFB, schools, local parks, and the white-sand beaches of the Emerald Coast, this home offers convenience, comfort, and exceptional value. All that's left to do is move in and enjoy your new beginning in Valparaiso!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Jan 26, 2026 | In contract | - | |
| In contract | |||
| Jan 13, 2026 | Price Decreased |
$397,000
↓ $1K
(0.3%) | |
| Price Decreased | |||
| Nov 26, 2025 | Price Decreased |
$398,000
↓ $2K
(0.5%) | |
| Price Decreased | |||
| Oct 30, 2025 | Listed by Real Broker LLC | $400,000 | |
| Listed by Real Broker LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017