4238 Lancaster Drive
About This Property
The master suite is a true sanctuary, featuring a custom walk-in closet designed for optimal organization. The kitchen has been recently renovated with stylish new fixtures and appliances, perfect for culinary enthusiasts. Sellers used the well water and had a $10,000 water softer system installed. The city water can be switched on opportunely. Conveniently located near Eglin AFB and all that Niceville has to offer, you're just minutes away from the Mid-Bay Bridge, providing easy access to dining and the beautiful beaches of Destin and Miramar Beach. So much to share regarding this home and location, give us a call today! Don't miss the opportunity to make this exceptional property your own! Schedule your showing.
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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 |
|---|---|---|---|
| Apr 2, 2025 | Sold | ||
| Sold | |||
| Feb 15, 2025 | In contract | - | |
| In contract | |||
| Feb 4, 2025 | Price Decreased |
$499,900
↓ $50K
(9.1%) | |
| Price Decreased | |||
| Oct 10, 2024 | Listed by Keller Williams Realty FWB | $550,000 | |
| Listed by Keller Williams Realty FWB | |||
| Aug 17, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017