836 Phillips Drive
About This Property
This well-maintained 3-bedroom, 2-bath manufactured home sits on 2 private acres in beautiful Walton County-just 40 minutes out Highway 79 from Panama City Beach or 30A and a short drive to Freeport.
This non-HOA community has access to a community boat launch (1 mile) on Black Creek, leading to the scenic Choctawhatchee Bay. Just 4 miles from Freeport's Publix and a short 20-minute drive to shopping, restaurants, entertainment.
This home features a desirable split floor plan with a spacious, open layout perfect for both everyday living and entertaining. The almost 2 acres gives you plenty of out side space too. Call to schedule a tour today.
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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 |
|---|---|---|---|
| Oct 15, 2025 | Sold | ||
| Sold | |||
| Sep 25, 2025 | In contract | - | |
| In contract | |||
| Aug 21, 2025 | Price Decreased |
$315,000
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Aug 21, 2025 | Relisted | $325,000 | |
| Relisted | |||
| Aug 15, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017