822 Valparaiso Boulevard
About This Property
As you arrive, you'll appreciate the extended oversized driveway and attached 2-car garage, featuring a reinforced garage door for added durability. Inside, the home offers a comfortable layout with a mix of LVP flooring throughout the common areas, tile in both bathrooms, and carpet in the bedrooms. Upgraded windows provide an additional modern improvement, while the upgraded HVAC system adds to the home's overall comfort and efficiency.
The home also presents an opportunity for its next owner to add their own personal style and make select cosmetic updates over time. Whether you're looking to personalize the space to your taste or simply make improvements as your budget allows, there is plenty of potential to make this home your own.
Step outside to enjoy the large backyard and extended concrete patio, creating a great space for outdoor dining, entertaining, grilling, or simply relaxing. Adding even more peace of mind, the property is equipped with a Generac natural gas generator. The solar panels are another valuable feature and will be paid off by the seller at closing, allowing the new owner to enjoy the benefit of the system without assuming the remaining solar balance. Located approximately 1.2 miles from Niceville High School, this home combines a convenient South Niceville location with a spacious lot, 2-car garage, upgraded systems, solar power, a whole-home generator, and plenty of opportunity to make it your own. At $295,000, this is an opportunity worth seeing in person!
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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 |
|---|---|---|---|
| Sep 8, 2026 | In contract | - | |
| In contract | |||
| Sep 3, 2026 | Listed by EXP Realty LLC | $295,000 | |
| Listed by EXP Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017