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3984 Horizon Avenue
About This Property
This spacious home offers a welcoming foyer with two secondary bedrooms and a shared full bath near the front entry, creating a flexible layout for guests, a home office, or additional living space. The open-concept living area brings together the kitchen, dining area, and family room, making everyday living feel comfortable and connected.
At the heart of the home, the kitchen features a center island, white cabinetry, a pantry, quartz countertops, and included appliances such as a stove, microwave, and dishwasher. Durable EVP flooring extends through the common living areas, while carpet in each bedroom adds comfort and warmth.
The private primary suite is positioned at the back of the home and includes a spacious bathroom with a shower, dual sink vanity, and large closet. modern finishes, and a functional layout, this new home is designed for comfort and lasting value. Located in Chipley, Florida, Sunny Hills continues to attract buyers looking for new homes, peaceful surroundings, and access to Northwest Florida living
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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 |
|---|---|---|---|
| Nov 6, 2026 | Price Decreased |
$280,809
↓ $17K
(5.6%) | |
| Price Decreased | |||
| Nov 3, 2026 | Price Increased |
$297,400
↑ $3K
(0.9%) | |
| Price Increased | |||
| Oct 29, 2026 | Price Increased |
$294,900
↑ $5K
(1.7%) | |
| Price Increased | |||
| Sep 24, 2026 | Listed by DR Horton Realty of Emerald Coast, LLC | $289,900 | |
| Listed by DR Horton Realty of Emerald Coast, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017