LOT C-24 Magnolia Drive
About This Property
Lot C-24 offers a convenient location in booming Freeport, providing easy access to schools, shopping, and South Walton beaches. This one is ready for a custom home or investment build!
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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 5, 2026 | Price Decreased |
$159,000
↓ $4K
(2.5%) | |
| Price Decreased | |||
| Apr 17, 2026 | Price Decreased |
$163,000
↓ $5K
(3%) | |
| Price Decreased | |||
| Feb 4, 2026 | Price Decreased |
$168,000
↓ $17K
(9.2%) | |
| Price Decreased | |||
| Jan 21, 2026 | Listed by Sanders Beach Realty LLC | $185,000 | |
| Listed by Sanders Beach Realty LLC | |||
| Apr 15, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017