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31 RIDGE Road
About This Property
Beautifully maintained, 2021 Maronda Concrete Block Home - 15 Mins to Crescent Beach!
Located in the quiet, community of Sawmill Creek at Palm Coast, this 3BR/2BA home offers modern comfort, a screened lanai plus it's just a short walk to the pool.
Built with solid concrete block construction, it provides hurricane resistance, energy efficiency, pest protection, and reduced outside noise. Inside, enjoy an open floor plan with granite counters, stainless appliances, tall cabinets, and a spacious island for entertaining. Luxury vinyl plank flooring flows through the main living areas with carpeted bedrooms. The primary suite features a large walk-in closet, dual sinks, and tiled shower. Additional upgrades include irrigation, large laundry with cabinetry, garage utility sink, double-pane/tilt access windows, and cordless blinds. Move-in ready with stylish finishes, practical upgrades, and an ideal location near beaches, shopping, and dining.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017