628 Hickory Avenue
About This Property
Featuring a bright, open floor plan with seamless flow between the living, dining, and kitchen areas, complete with hand scraped engineered wood flooring and crown molding.
The kitchen boasts granite countertops, stainless steel appliances, a breakfast bar, and a pantry, perfect for cooking and entertaining.
The primary bedroom includes an en-suite bathroom with a garden tub, separate shower, double vanity, and a walk-in closet, creating a private retreat.
Two additional bedrooms and a full bathroom provide plenty of space for family or guests.
This home features a covered back porch, privacy fenced backyard, and a 2-car attached garage.
Located in Niceville, this property is technically zoned in Okaloosa County, which may result in lower property taxes. Buyer to verify.
Conveniently located with an easy commute to NW Florida State College, local military bases, shopping, and top-rated Niceville schools.
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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 16, 2026 | Sold | ||
| Sold | |||
| Mar 18, 2026 | In contract | - | |
| In contract | |||
| Mar 4, 2026 | Listed by Sound Choice Real Estate LLC | $400,000 | |
| Listed by Sound Choice Real Estate LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017