40 Tropical DRIVE
About This Property
Over $100K in upgrades since 2021 including: New roof, new septic system and drain field, fully remodeled bathroom, interior and exterior paint, electrical and plumbing upgrades including a dishwasher and an outdoor shower. The Solar panels with battery storage is a game changer with minimal electric bills and the power is on, even if everyone else's is off!
This home provides convenient access to local shops, dining, entertainment, and recreational activities. A short drive will take you to Daytona Beach and its vibrant attractions, including the Daytona International Speedway. Enter this renovated home to find an opened living room/kitchen area with granite countertops. The kitchen flows into a dining room or back family room. The home features consistent luxury vinyl tile flooring throughout. The master suite features a walk-in tiled shower and washer dryer hookups. This friendly and welcoming neighborhood boasts a peaceful sense of community, with access to nearby parks, golf courses, and walking/biking trails. Top-rated schools and healthcare facilities are also in close proximity. Don't miss the opportunity to own this exceptional property! Whether you're looking for a permanent residence or a vacation getaway, this home offers everything you need to enjoy the best of Florida's coastal living.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Aug 2, 2024 | In contract | - | |
| In contract | |||
| Jul 21, 2024 | Price Increased |
$362,000
↑ $38K
(11.7%) | |
| Price Increased | |||
| May 26, 2024 | Listed by CITARELLI REALTY GROUP LLC | $324,000 | |
| Listed by CITARELLI REALTY GROUP LLC | |||
| Mar 30, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017