3077 Monaghan DRIVE
About This Property
relaxation. Loads of built-ins included in the two-car garage providing additional storage. Garage is insulated with a separate air conditioner unit and extra lighting around all the workspaces!
Conveniently located with easy access to I95 as well as downtown Ormond Beach, and the ocean! The home's location near top-rated schools, parks, shopping, and dining makes it an ideal choice.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 17, 2024 | Sold | ||
| Sold | |||
| Sep 28, 2024 | In contract | - | |
| In contract | |||
| Sep 27, 2024 | Relisted | $465,000 | |
| Relisted | |||
| Sep 27, 2024 | Price Decreased |
$399,900
↓ $65K
(14%) | |
| Price Decreased | |||
| Sep 13, 2024 | In contract | - | |
| In contract | |||
Property Highlights
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About Halifax
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017