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3064 Culpepper Lane
About This Property
The home features two bedrooms and two bathrooms, a spacious covered front porch ideal for morning coffee or evening relaxation, a durable metal roof, and a convenient laundry/utility room addition built off the back. It offers open living space with plenty of room to update and personalize. This home needs some TLC and updating, making it an excellent project for handy buyers or investors.
Outside, the property includes an additional shed with a metal roof and a covered overhang perfect for parking your lawn mower or storing equipment. There is a small pond hugging the eastern property line. Note that the portable shed does not convey with the sale.
Located less than 30 minutes to Chipley, FL and under an hour to the beautiful white sands of Panama City Beach, this spot delivers convenient access to both inland waterways and the Gulf Coast. The property shares a well with neighboring properties. The well itself is not located on this parcel.
Whether you're seeking a weekend escape, a primary home, or an investment property, this location is ideal for outdoor enthusiasts who want convenient boat access.
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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 10, 2026 | Sold | ||
| Sold | |||
| Aug 27, 2026 | In contract | - | |
| In contract | |||
| May 14, 2026 | Listed by World Impact Real Estate | $84,999 | |
| Listed by World Impact Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017