115 ORANGE AVENUE
About This Property
Inside, the home features a bright and open living area filled with natural light, an updated kitchen with stainless steel appliances, and a flexible floor plan that includes three bedrooms plus additional space that can be used for a home office, den, or guest area. Recent improvements include new windows and updated electrical, providing added efficiency and peace of mind.
Step outside to a fully fenced backyard designed for outdoor living, complete with low-maintenance turf, pavers patio, plenty of room for entertaining or storage, and an outdoor shower perfect after a day at the beach or on the water. The property also offers secure backyard parking with space for a boat or camper.
This home currently is rented as a functioning AIRBNB.
Conveniently situated just minutes from New Smyrna Beach, Flagler Avenue, Canal Street, dining, shopping, and public boat ramps, this home combines a desirable location with practical features and recent upgrades.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017