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4589 ALDER DRIVE
About This Property
Charming 3-bedroom, 2-bath, 2-car garage concrete block home situated on a desirable corner lot with serene water views in the Woodlake subdivision of Port Orange. This beautifully updated residence features a bright open-concept floor plan with vaulted ceilings and a split-bedroom layout for optimal privacy.
The fully renovated kitchen is a standout, featuring a butcher block island countertop, new appliances, and modern lighting, creating the perfect space for cooking and entertaining. A new HVAC system adds comfort and efficiency, while thoughtful upgrades throughout provide a fresh, move-in ready feel.
The spacious owner's suite offers a walk-in closet and a tastefully updated en-suite bath. Enjoy year-round Florida living on the screened-in porch overlooking the water, ideal for relaxing or hosting guests. The extended garage provides additional storage or workspace, adding even more functionality to the home.
Located in a highly rated school district with convenient access to shopping, dining, and everyday amenities-plus just minutes to the beach-this home combines style, comfort, and location.
Corner lot, water view, fully renovated, and packed with upgrades-schedule your 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.
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About Woodlake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017