1702 CAROLINA AVENUE
About This Property
The updated true eat-in kitchen is equipped with solid surface countertops, a breakfast bar, and real wood cabinetry. Lots of natural light enhance the living areas, creating a welcoming atmosphere. The home has both a living room and a spacious family room with a wood-burning fireplace and new luxury vinyl plank flooring.
Both bedrooms are generously sized with tiled floors. The large bonus room attached to the primary bedroom is potentially a 3rd bedroom or an office. You will love the indoor laundry room and the spacious screened in lanai.
Recent updates include the new roof, fresh interior paint and new siding on the addition and chimney. The big fenced yard includes a versatile shed for storage.
Located in Ormond Beach, this home is minutes from shopping, dining, attractions, and the beach!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 3, 2025 | Sold | ||
| Sold | |||
| Sep 5, 2025 | In contract | - | |
| In contract | |||
| Aug 28, 2025 | Price Decreased |
$239,900
↓ $10K
(4%) | |
| Price Decreased | |||
| Aug 22, 2025 | Relisted | $250,000 | |
| Relisted | |||
| Aug 13, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017