1085 INDIGO ROAD
About This Property
The interior of the home has original hardwood floors (want to know how I know it hasn't ever flooded? Look no further than those gleaming original hardwoods). The FL room, full of windows and the addition of an extra mini split unit, overlooks the canal and boat area. The kitchen has newer cabinets and stainless appliances, a tiled backsplash, and a delightful stained glass light of which you will find several throughout the property, adding to its charm. The bathrooms both have updates, and the two bedrooms will serve you well.
Solid block built with newer double pane windows and a metal roof make sure you are ready to weather the storm. The two-car carport and laundry room adjoin the main building and there is plenty of extra room for boat and/or RV storage.
It is conveniently located just minutes to Destination Daytona, the shops of Granada or LPGA, and the beach, this is truly a gem of Florida living. Schedule a showing and bring your wallet today!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017