38
Map
285 Hugh Thomas Drive
About This Property
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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 |
|---|---|---|---|
| Sep 29, 2026 | Sold | ||
| Sold | |||
| Jul 31, 2026 | Listed by EXP Realty LLC | $599,000 | |
| Listed by EXP Realty LLC | |||
| Oct 10, 2025 | Price Decreased |
$675,000
↓ $5K
(0.7%) | |
| Price Decreased | |||
| Apr 14, 2025 | Listed | $679,900 | |
| Listed | |||
| | |||
|
*Construction Complete* 1% lender credit with preferred lender to buy down rate or prepaids and closing costs! Discover your dream home located on Callaway Bayou just miles from the charm of Historic St. Andrews and downtown Panama City known for its quaint shops, dining & entertainment. This beautifully crafted NEW construction waterfront property, offering the perfect blend of modern living and tranquil waterfront beauty on nearly a half acre lot. NO HOA, NO flood insurance required! Prime location near Tyndall AFB. 2x6 construction, spray foam insulation, 5 ton HVAC, hurricane impact windows, fortified roof.
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| Dec 28, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017