5407 Kervin Road
About This Property
Looking for a peaceful country setting with room to spread out? This property offers 4 to acres of beautiful land with mature trees, a spacious home, and a barn with power and water-ideal for those seeking a rural lifestyle, hobby farm, or space to build out their vision.
The home offers generous square footage and a functional layout but does need renovation and TLC. A swimming pool is also on-site and could be restored or filled in, depending on your plans. With some sweat equity, this property could be transformed into a private retreat or multi-use homestead. Located on a paved road with easy access to Crestview, DeFuniak Springs, Niceville via Hwy 285, and I-10.
This is a rare opportunity to own acreage with infrastructure already in place. Bring your visionthis one has potential written all over it.
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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 13, 2025 | Sold | ||
| Sold | |||
| Sep 29, 2025 | In contract | - | |
| In contract | |||
| Sep 9, 2025 | Price Decreased |
$310,000
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Jun 28, 2025 | Price Decreased |
$320,000
↓ $10K
(3%) | |
| Price Decreased | |||
| May 12, 2025 | Listed by ERA American Real Estate | $330,000 | |
| Listed by ERA American Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017