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Map
237 Central Avenue
About This Property
Central location only minutes to Downtown Panama City, Historic Millville, Callaway, Parker, and Tyndall Air Force Base!
No flood zone here, build high and dry in a growing area near public boat ramps, parks, beach access, and more!
Buyer to confirm all aspects of lot size, location, feasibility, etc.
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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 |
|---|---|---|---|
| May 31, 2024 | Sold | ||
| Sold | |||
| Mar 1, 2024 | Listed by Keller Williams Success Realty | $35,000 | |
| Listed by Keller Williams Success Realty | |||
| Apr 19, 2023 | Sold | ||
| Sold | |||
| Mar 10, 2023 | Listed by Keller Williams Success Realty | $36,000 | |
| Listed by Keller Williams Success Realty | |||
| Mar 14, 2017 | Sold | ||
| Sold | |||
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