817 Valparaiso Boulevard
About This Property
This beautifully renovated home offers modern comfort and style in a prime Niceville location. Key features include:
• Newer Roof (2018) and AC System (2015) for peace of mind
• Brand-New Water Heater (2025) just installed
• Updated Kitchen & Bathrooms with sleek granite countertops
• Stainless Steel Appliances for a contemporary touch
• New Flooring Throughout - fresh, clean, and move-in ready
• Textured Ceilings, modern ceiling fans, and updated lighting fixtures
• Spacious layout with 4 bedrooms, 2 full baths, and a 2-car garage
This home blends functionality with style and is perfect for families, professionals, or anyone looking for a turnkey property in a sought-after neighborhood
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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 20, 2025 | Sold | ||
| Sold | |||
| Sep 30, 2025 | In contract | - | |
| In contract | |||
| Sep 19, 2025 | Price Decreased |
$409,900
↓ $6K
(1.4%) | |
| Price Decreased | |||
| Sep 10, 2025 | Price Decreased |
$415,900
↓ $4K
(1%) | |
| Price Decreased | |||
| Sep 3, 2025 | Listed by Bay Living Inc | $419,900 | |
| Listed by Bay Living Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017