35 Country Club DRIVE
About This Property
The ample dining space sits seamlessly between the living room and the sunroom that overlooks the back yard through a bank of windows that filter light through custom plantation shutters. Open the sliding glass doors and step out onto the screened, covered lanai for the ultimate outdoor living and dining space positioned perfectly to catch morning sun and prevailing sea breezes. Just beyond, an open air patio is the ideal spot to enjoy the Florida sun or star gaze in the evenings while listening to the waves lap the sand at the beach just a few blocks away. The photos here are beautiful, however this home needs to be seen in person to be appreciate the quality of the renovations, upgrades and custom appointments. This property needs nothing with mechanical and integral systems having been updated including but not limited to: new roof 2018, hot water heater 2018, 4 ton AC unit 2020, and electrical updates with new panel 2022. Location: Country Club Drive meanders along the north end of private Oceanside Country Club's 110 year old golf course until it ends at Oceanshore Blvd just 200 feet from the neighborhood beach access at Amsden Rd. The beach here is lined with multi million dollar estates and is free of crowds due to limited parking for visitors, which creates a serene beach atmosphere for the few homeowners in the area. This property is just 1.1 miles from Granada Blvd where you will find boutique shopping, great restaurants, two incredible riverfront parks, The Casements Cultural Center and the Ormond Memorial Art Museum and Gardens. This home has been priced for immediate sale and is not expected to last!
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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