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3 OCEAN EDGE DRIVE
About This Property
Inside, the home features a bright, open living space with distinctive wood-beamed ceilings that add warmth and character, a spacious kitchen with plenty of cabinetry and counter space, three bedrooms, two full bathrooms, and convenient indoor laundry. A metal roof adds another desirable feature to this beachside home.
Looking for even more possibilities? The vacant corner lot immediately next door at 1 Ocean Edge Dr is also available for purchase separately, creating a unique opportunity to own two side-by-side beachside properties.
Whether you're searching for a Florida beach house, vacation home, short-term rental opportunity, investment property, or full-time residence near the ocean, this location is hard to beat. Enjoy the laid-back Ormond Beach lifestyle with your street's own private walkway to the beach just steps from home. Buyer to verify short-term rental eligibility, licensing requirements, restrictions, and intended use with the appropriate governing authorities.
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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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About Ormond-by-the-Sea
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017