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21 BRIGGS DRIVE
About This Property
The previous home was demolished in 2019, and buyers should verify potential impact fee credits with Volusia County. Located in FEMA Flood Zone X, outside the 100-year and 500-year floodplains, flood insurance is generally Not required by lenders. No HOA. No monthly fees.
Ideally situated just minutes from the Atlantic Ocean, beach access, Ocean Shore Boulevard (A1A), Granada Boulevard, State Road 40, US Highway 1, and Interstate 95, providing convenient access throughout Volusia County and Central Florida. Enjoy close proximity to shopping, dining, medical facilities, golf courses, parks, the Halifax River, Tomoka State Park, and The Casements.
Nearby destinations include Daytona Beach, Daytona Beach International Airport, Halifax Health Medical Center, Embry-Riddle Aeronautical University, Daytona International Speedway, and major employment centers. Zoned for Ormond Beach Middle School and Seabreeze High School.
Whether you're seeking your next building project, an investment opportunity, or the perfect location to create your dream home near the beach, this property offers exceptional potential in one of Ormond Beach's most desirable neighborhoods. Qualified buyers may purchase with as little as 20% down payment.
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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