4224 Lancaster Drive
About This Property
Let's take a closer look at everything this wonderful home has to offer. As you pull up to 4224 Lancaster Drive, you'll notice how peaceful the street feels. This home sits in the popular Bluewater Bay area of Niceville, known for its friendly neighbors and great location. Step through the front door and you'll find a spacious layout with 4 bedrooms, giving everyone their own space. The living areas are open and bright, perfect for family gatherings or entertaining friends. The ranch-style design means everything is on one floor - no stairs to climb!
The kitchen is a highlight of this home. Besides the space-saving refrigerator and top-of-the-line Bosch dishwasher, you'll appreciate the practical layout that makes cooking a breeze. The new luxury vinyl plank flooring in the kitchen and dining room not only looks beautiful but is also waterproof and durable - perfect for busy families!
Both bathrooms in this home have been thoughtfully updated. The master bathroom features custom cabinets with plenty of storage space for all your things. The soft-closing hinges are a nice touch - no more slamming cabinet doors! In the second bathroom, you can soak away your stress in the deep whirlpool tub surrounded by beautiful custom tile work.
One of the best features of this home is right outside your back door. The new wood deck is the perfect spot for morning coffee, afternoon reading, or evening barbecues. Since it faces a private wooded area, you'll feel like you're in your own little nature retreat, even though you're close to everything Niceville has to offer.
The Bluewater Bay neighborhood gives you the best of everything. You're just a short drive from shopping, restaurants, Niceville High School and Bluewater Elementary. Eglin Air Force Base is nearby for military families, and the beautiful beaches of the Emerald Coast are just minutes away.
At 1,655 square feet, this home is the perfect size - not too big to maintain, affordable to heat and cool with plenty of room for everyone to be comfortable.
Built in 1986 this home has been completely remodeled, well-maintained and updated where it counts. All systems are in good working order, and the updates to the kitchen and bathrooms add modern convenience and style.
Niceville lives up to its name - it's truly a nice place to live! The community is family-friendly with good schools, parks, and recreation opportunities. Beautiful Fred Gannon Rocky Bayou State Park is a short walk away providing camping, trails, canoes and a modern boat ramp with ample parking. You'll enjoy mild winters and the warm Florida sunshine year-round.
Don't miss your chance to make this lovely house your home. Come see 4224 Lancaster Drive today and picture yourself relaxing on that beautiful deck, enjoying the peace and quiet of your own private wooded view!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017