12 Pebble Stone LANE
About This Property
Discover the perfect opportunity to enjoy Florida living in this charming 3-bedroom, 2-bathroom pool home located in the desirable Pine Grove subdivision. Featuring a split floor plan, an inside laundry room, and a 2-car garage, this home is both functional and inviting.
Step outside to a large covered patio and screened enclosure, creating the ideal space for entertaining or relaxing by the solar-heated pool with its soothing water feature. The kitchen is equipped with stainless steel appliances, while recent updates include a new roof (2022) and a hot water heater (2024). The irrigation system keeps the yard looking lush year-round.
Conveniently located near shopping, restaurants, schools, parks, and golf courses, this home is just a short drive to the beautiful beaches of Flagler Beach. Easy access to I-95 and US-1 makes trips to Daytona, Ormond Beach, and Saint Augustine a breeze.
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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 Pine Grove - Belle Terre
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017