5 ALAMANDA DRIVE
About This Property
The bright, living area is perfect for entertaining or relaxing, while the kitchen features ample cabinetry and counter space, ideal for preparing meals. The generously sized bedrooms offer abundant natural light and spacious closets for storage.
Step outside to a large backyard with storage shed, perfect for outdoor gatherings, gardening, or simply unwinding under the stars.
Located in the sought-after Ormond by the Sea community, this home provides easy access to pristine beaches, local dining, and charming shops.
Whether you're seeking a full-time residence, vacation getaway, or investment opportunity, this coastal gem offers endless possibilities to add your personal touch! With a little TLC, you can transform this coastal retreat into your dream getaway. Whether you're looking to update, renovate, or customize, this property provides the perfect canvas to make it your own.. Don't miss your chance to own a piece of paradise!
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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 |
|---|---|---|---|
| Jan 30, 2026 | Sold | ||
| Sold | |||
| Jan 10, 2026 | In contract | - | |
| In contract | |||
| Jan 4, 2026 | Price Decreased |
$245,000
↓ $50K
(17%) | |
| Price Decreased | |||
| Dec 5, 2025 | Relisted | $295,000 | |
| Relisted | |||
| Nov 17, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017