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115 CAPRI DRIVE
About This Property
Situated in an established beachside neighborhood, this property offers the opportunity to enjoy the laid-back Florida coastal lifestyle with the Atlantic Ocean just a short distance away. Spend your days at the beach, enjoy morning walks along the shoreline, or take advantage of the area's convenient access to local restaurants, shopping, parks, fishing, boating, and everything Ormond Beach and nearby Flagler Beach have to offer.
With surrounding homes already established, this vacant homesite provides a unique opportunity to design a residence that fits your needs rather than settling for an existing home. Whether you envision a coastal cottage, elevated beach home, or full-time Florida residence, this property offers a blank canvas in a sought-after location between the Intracoastal Waterway and Atlantic Ocean.
Vacant residential land near the ocean is limited-don't miss your chance to own a piece of beachside Ormond Beach. Drive by and start imagining the possibilities!
Buyer to perform all due diligence and independently verify zoning, lot dimensions, building requirements, setbacks, utilities, flood zone, permitting, impact fees, and intended use with Volusia County and all applicable governing authorities.
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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.
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About Avalon by The Sea
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$1,845 /mo
- 2 Beds
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- 1,025 ft²
$1,300 /mo
- 1 Bed
- 1 Bath
- 308 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017