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11 RIO PINAR TRAIL
About This Property
The foyer opens to a formal dining room and the main living area with tile flooring throughout. The living room features a large bay window and painted brick fireplace and flows into the eat-in kitchen. The kitchen offers granite countertops, stainless steel appliances, plenty of cabinetry and counter space, a breakfast bar, and a bay window overlooking the Florida room and backyard.
Just off the living room, a pass-through area connects to the laundry room and provides additional space for storage, a desk, or small home office. The large bonus room gives buyers plenty of options and can be used as a 4th bedroom, home office, fitness room, playroom, media room, or hobby space.
The guest bedrooms feature built-in closets and share an updated bath with a newer vanity and tub/shower combination. The primary bedroom includes a walk-in closet and en-suite bath with an updated vanity and walk-in shower. Multiple hallway closets provide additional storage.
Updates include Andersen windows installed in 2021, roof replaced in 2018, water heater replaced in 2018, and solar panels that help with energy efficiency and monthly electric costs. The Florida room provides additional living space overlooking the fenced backyard.
The Trails is an established Ormond Beach community known for its mature oak trees, community pool, and network of walking and biking trails. The trail system connects directly to Nova Community Park, with tennis courts, playgrounds, ball fields, a recreation center, and green space.
Located in the heart of Ormond Beach with convenient access to shopping, restaurants, healthcare, parks, and the beach, 11 Rio Pinar Trail offers a move-in ready home with flexible living space, important updates, and the amenities of The Trails community.
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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 22, 2026 | Relisted | $390,000 | |
| Relisted | |||
| Sep 22, 2026 | Price Decreased |
$385,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Sep 8, 2026 | In contract | - | |
| In contract | |||
| Aug 13, 2026 | Price Decreased |
$390,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Jun 30, 2026 | Price Decreased |
$400,000
↓ $15K
(3.6%) | |
| Price Decreased | |||
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About The Trails
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017