22 N ST ANDREWS DRIVE
About This Property
Inside, you'll find generous living and dining spaces that work well for both daily living and entertaining. The Florida room adds flexible space and is perfect for relaxing with a morning coffee, hosting guests, or simply enjoying views of the backyard. Recent updates provide peace of mind, including a new roof in 2019, a 2017 HVAC system, and a freshly painted interior that gives the home a fresh, move-in-ready feel.
The large backyard offers plenty of room to create your own outdoor retreat - whether that's a garden, patio, play area, or space for a future pool. Mature landscaping and the established neighborhood setting add to the home's privacy and curb appeal.
The location is hard to beat, just 8 minutes from the revitalized Ormond Beach Historic District on the Halifax River. Enjoy vibrant entertainment, community events and fabulous shops and restaurants. Just over the bridge a couple minutes further and you're at the beach! Ormond Beach sits between historic St. Augustine to the north and Daytona Beach to the south, offering easy access to both while maintaining a relaxed, residential feel.
Outdoor lovers will appreciate the nearby walking and biking trails, scenic parks, and close proximity to the Tomoka River. With shopping, dining, entertainment, and recreation all close by, this home offers a great mix of comfort, character, and location - an ideal place to enjoy the Florida lifestyle.
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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