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622 Prairie Street
About This Property
But the backyard is where the possibilities really open up. Set on approximately a quarter-acre corner lot, the sunny, fenced yard feels surprisingly secluded. Picture dinner on the spacious patio, weekend gatherings, or designing your own backyard oasis with a future swimming pool, subject to applicable approvals. A detached storage shed adds valuable storage. A new roof, approximately 5-year-old HVAC, and approximately 4-year-old water heater. Three important features buyers will appreciate when considering future maintenance. And location matters! Situated south of I-10, this home offers convenient access to Eglin AFB, Duke Field, shopping, dining, and major commuting routes, while potentially avoiding some of Crestview's heavier traffic congestion. A home that's ready to enjoy today, with the space and flexibility to make it your own tomorrow. Come experience 622 Prairie Street for yourself!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 4, 2026 | In contract | - | |
| In contract | |||
| Oct 28, 2026 | Listed by Compass | $319,000 | |
| Listed by Compass | |||
| Sep 1, 2022 | Sold | ||
| Sold | |||
| Jul 18, 2022 | No longer available | - | |
| No longer available | |||
| Jul 15, 2022 | Listed by Compass | $335,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017