312 APPLE Drive
About This Property
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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 |
|---|---|---|---|
| Oct 30, 2025 | Price Decreased |
$247,000
↓ $3K
(1.2%) | |
| Price Decreased | |||
| Sep 25, 2025 | Listed | $250,000 | |
| Listed | |||
| | |||
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Seller offering $4,000 towards Buyer's Closing costs. Welcome to 312 Apple Drive, a move-in ready three bedroom, two bath home in Southway Estates with no HOA and a location that checks every box. Offering 1,097 square feet, this property features quartz countertops, stainless steel appliances, tile flooring in wet areas, new carpet, and a roof replaced in 2018. The private fenced backyard is perfect for pets, children, or entertaining, while the convenient floor plan makes daily living simple and enjoyable. Priced at $250,000, this home is ideal for first-time buyers looking for affordability without compromise, yet also offers outstanding flexibility for those seeking a property with proven rental potential. Located just minutes from I-10, easy access to Eglin AFB and Duke Field, and only twenty minutes to the Emerald Coast beaches, 312 Apple drive delivers the rare combination of price, condition, and opportunity that today's buyers are searching for.
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| Jan 30, 2023 | Sold | ||
| Sold | |||
| Dec 27, 2022 | No longer available | - | |
| No longer available | |||
| Dec 24, 2022 | Listed by Gene Jorgenson Realty Inc | $230,000 | |
| Listed by Gene Jorgenson Realty Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017