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39 MARGARET ROAD
About This Property
Inside, you'll find a bright and open living area, a spacious kitchen with ample cabinet storage, and an oversized Florida room lined with windows that flood the space with natural light while providing beautiful views of the backyard. The functional floor plan creates a comfortable living environment and offers plenty of flexibility to make the home your own.
Step outside to a fully fenced backyard with plenty of room for entertaining, pets, gardening, or creating your dream outdoor retreat. The attached garage provides additional storage and convenience.
Ideally situated in the desirable Ormond-by-the-Sea area, just moments from the beach, Intracoastal Waterway, parks, restaurants, shopping, and all the attractions that make coastal Florida living so special. With no HOA restrictions and endless potential, this property is perfect as a primary residence, vacation home, or investment opportunity.
Don't miss your chance to own a slice of paradise. Schedule your private showing today!
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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 |
|---|---|---|---|
| Jul 28, 2026 | In contract | - | |
| In contract | |||
| Jun 4, 2026 | Listed by KELLER WILLIAMS RLTY FL. PARTN | $265,000 | |
| Listed by KELLER WILLIAMS RLTY FL. PARTN | |||
| Jan 27, 2005 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017