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20 LAKE MEADOW WAY
About This Property
Located on a corner lot near Central Park, this 3-bedroom, 2-bath pool home offers a comfortable split floor plan with vaulted ceilings that give the main living areas an open, inviting feel.
The backyard is set up for easy Florida living with a screened-in pool that was resurfaced in June 2025, all enclosed within a 6-foot vinyl privacy fence that creates a private outdoor retreat.
Recent updates include a roof that is only 3 years old, along with an irrigation system, security system, and a 100-gallon propane tank that supports the gas stove, dryer, and tankless water heater.
Living in Ormond Beach means enjoying a blend of coastal lifestyle and everyday convenience. Central Park is just minutes away with walking trails, nature preserves, the Environmental Discovery Center, fishing pier, and scenic observation areas. You are also close to local dining, shopping, and everyday essentials, along with quick access to the beach, Daytona International Speedway, Daytona International Airport, and major highways I-95 and I-4.
This home offers a relaxed Florida lifestyle in a well-connected location with access to everything that makes Ormond Beach so desirable.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017