Lot 32 of Grande Oaks on Caswell Branch Road
About This Property
High-dry lot (Flood Zone X.) is ready to build your dream home, meaning you won't need to pay for costly flood insurance. No mobile homes allowed. Minimal restrictions and HOA is only $75.00 a month.
Great fishing on Four Mile Creek, or cruising onto the Choctawhatchee Bay or spending the day on White Sandy beaches of Florida's Emerald Gulf Coast. This amazing property is centrally located between Fort Walton Beach and Panama City Beach offering so much in the way of fun in the sun, tourism activities & Destin's World-Famous Crab Island all within a short 30-45 min drive.
Information contained within this listing such as square footage, property measurements, etc are deemed to be accurate, but is not guaranteed. Buyer to verify.
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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 |
|---|---|---|---|
| Feb 16, 2024 | Sold | ||
| Sold | |||
| Jan 8, 2024 | Listed by Coldwell Banker Realty | $54,900 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017