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4119 Cherry Street
About This Property
Charming Brick Home with Investment Potential Near Tyndall Air Force Base!
Discover an exciting opportunity in Panama City, Florida! This 3-bedroom, 2-bathroom brick home offers solid foundations with a newer roof and a recently upgraded 2-year-old HVAC system, yet it's ready for your personal touch. With some TLC, this property can be transformed into a dream home or a lucrative investment!
Situated close to Tyndall Air Force Base, this home is perfect for investors looking to flip for positive equity or for those seeking a valuable addition to their rental portfolio. The huge, fenced-in backyard adds outdoor appeal, making it ideal for families or tenants who appreciate space and privacy.
Whether you're a first-time homebuyer ready to renovate or an investor eyeing rental potential, this property's prime location and strong fundamentals make it a can't-miss opportunity. Don't miss out on the chance to unlock this home's full potential-schedule a showing today!
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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 |
|---|---|---|---|
| Dec 30, 2024 | Sold | ||
| Sold | |||
| Oct 31, 2024 | Listed by EXP Realty LLC | $179,900 | |
| Listed by EXP Realty LLC | |||
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Address: 335 Madison Avenue, New York, NY 10017