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190 ELLICOTT DRIVE
About This Property
One of the home's most versatile features is the air-conditioned bonus room off the garage--perfect for a home office, den, fitness room, guest space or additional bedroom, depending on your needs. Outside, your own Florida retreat awaits! Relax by the private pool, rinse off after a day at the beach in the outdoor shower, or entertain family and friends around the backyard brick oven. With its beautifully updated kitchen, impact windows, flexible living space, pool and exceptional location just moments from the Atlantic Ocean, 190 Ellicott Drive offers the laid-back Ormond Beach lifestyle so many are looking for. Bike to the beach, explore nearby parks, enjoy local restaurants, or spend an afternoon in quaint Downtown Ormond Beach--all just minutes from home. Beachside living, modern updates and your own private pool--this is Florida living at its best!
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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%.
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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 Ormond Oceanside Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017